Tech News

Investment vehicle probed over merger with Trump media company

The investment vehicle seeking to merge with Donald Trump's social media venture disclosed Monday that it received federal subpoenas, delaying and potentially derailing the transaction. . Digital World Acquisition said that it and its board members received grand jury subpoenas on issues that include due diligence on the Trump venture and communications with potential merger partners other than the Trump venture, according to a Securities and Exchange filing.

Mon, Jun 27, 2022 1 mins read

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Sri Lanka suspends fuel sales as economic crisis worsens

Cash-strapped Sri Lanka announced a two-week halt to all fuel sales except for essential services starting Monday and called for a partial shutdown as its unprecedented economic crisis deepened.. Four out of five people in Sri Lanka have started skipping meals as they cannot afford to eat, the UN has said, warning of a looming "dire humanitarian crisis" with millions in need of aid.

Mon, Jun 27, 2022 2 mins read

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Credit Suisse fined over drugs gang money laundering

Credit Suisse, Switzerland's second-biggest bank, which has been rocked by a series of scandals, was slapped with a $2-million-fine Monday in a money laundering case linked to a Bulgarian cocaine network.. Credit Suisse was fined two million Swiss francs ($2.1 million).

Mon, Jun 27, 2022 1 mins read

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Protesters reject Ecuador president's 'insensitive' fuel price cut

Indigenous protesters in Ecuador vowed Monday to continue a disruptive country-wide protest against high living costs, rejecting a fuel price cut announced by the government as insufficient and "insensitive.". The cut was not nearly as much as protesters had demanded, and the powerful Confederation of Indigenous Nationalities of Ecuador (Conaie), which has been blockading roads and occupying oil wells since June 13, said the gesture was "not enough, it is insensitive."

Mon, Jun 27, 2022 3 mins read

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Criminal lawyers in England and Wales stage pay strike

Senior criminal lawyers in England and Wales on Monday went on strike in a dispute over pay, just days after rail workers staged stoppages and other sectors threatened industrial action.. Last week, tens of thousands of rail workers staged three one-day walkouts over pay and job security.

Mon, Jun 27, 2022 3 mins read

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'Greenwashing': a new climate misinformation battleground

Fossil fuel firms are misleading the public about their moves to cut greenhouse gases and curb climate change -- and social media are hosting ads that perpetuate this "greenwashing", researchers say.. "It is very easy and inexpensive to produce ads and campaigns for social media that can have a massive effect," she told AFP.  Facebook says it monitors ads for misleading content just as it does with other forms of information on its platforms.

Mon, Jun 27, 2022 4 mins read

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Turkey's troubled lira rallies on 'backdoor capital controls'

Turkey's beleaguered lira extended its biggest rally of the year on Monday in response to a new rule that analysts fear moves the once promising emerging market a step closer towards prohibitive capital controls.. - 'Liraisation' - Erdogan's economic team has ruled out imposing strict currency control and is espousing its allegiance to the markets.

Mon, Jun 27, 2022 2 mins read

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Sri Lanka electricity firm seeks 835% price rise

Sri Lanka's heavily loss-making state-run electricity monopoly asked for a shocking price rise of over 800 percent for its poorest customers with the bankrupt nation out of fuel, regulators said Monday.. The Ceylon Electricity Board (CEB) lost 65 billion rupees ($185 million) in the first quarter and sought an 835 percent price hike for the heavily-subsided smallest power consumers, the Public Utilities Commission of Sri Lanka (PUCSL) said.

Mon, Jun 27, 2022 2 mins read

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Russia denies defaulting on debts

Russia said Monday that two of its debt payments were prevented from reaching creditors, pushing the country closer to its first foreign default in a century due to sanctions over the Ukraine offensive.. Russia has accused the West of seeking to push it into an "artificial default" through unprecedented sanctions imposed after President Vladimir Putin sent troops to Ukraine on February 24.

Mon, Jun 27, 2022 3 mins read

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War in Ukraine: Latest developments

Here are the latest developments in the war in Ukraine: - End war by year end: Zelensky - Ukrainian President Volodymyr Zelensky urges world leaders gathered at the G7 summit to do their utmost to end Russia's invasion of his country by the end of the year.. "This war has to come to an end," Scholz tweets.

Mon, Jun 27, 2022 3 mins read