Search Results for: finance

The Danish Eastern High Court upheld on Friday the conviction of three Iranian nationals found guilty of promoting terror and espionage, and handed down prison terms to the convicted Iranians.  The three Iranian men, who are believed to belong to the Arab Struggle Movement for the Liberation of Ahvaz, were arrested in February 2020 in [...]

The Malaysian Anti-Corruption Commission (MACC) said in a press release that it recorded the testimony of former prime minister Ismail Sabri Yaakob about the use of RM700 million in funds that were “spent for publicity and promotion purposes during the previous government’s administration” on Wednesday. The Keluarga Malaysia (Family Malaysia) program, launched by Ismail Sabri in [...]

The UN Security Council (UNSC) adopted resolution 2722 on Thursday, condemning attacks by Yemen’s Houthi rebels and demanding “an immediate halt on all attacks on merchants and commercial vessels in the Red Sea.” Since November 2023, Houthi rebels have launched over a dozen attacks on commercial shipping in the Red Sea as a sign of [...]

Investors for Paris Compliance (I4PC) launched a complaint against the Ontario Securities Commission and the Autorité des marchés financiers of Québec on Tuesday, asserting that Canada’s big five banks’ sustainable investing disclosures are misleading to shareholders.  The complaint called out BMO, Scotiabank, CIBC, TD and RBC for providing possibly misleading environmental, social and governance (ESG) [...]

Nigeria’s President Bola Tinubu suspended on Monday the country’s Minister of Humanitarian Affairs and Poverty Alleviation, Dr. Betta Edu, with immediate effect over allegations of transferring funds related to the government’s social welfare program into a private bank account. The suspension order issued by the Special Advisor to the President on Media and Publicity, Ajuri Ngelale, [...]

United Nations Security Council (UNSC) officials on Wednesday urged the safeguarding of global supply chains and the prevention of heightened regional tensions in response to Houthi attacks on commercial shipping in the Red Sea. The remarks come in the aftermath of the attacks on the MSC United and the Maersk Hangzhou in late December 2023. The [...]

Transparency International, the Kenya Human Rights Commission (KHRC), Katiba Institute and Africa Center for Open Governance (Africog) lodged a petition on Tuesday against prosecutors Geoffrey Obiri and Oliver Mureithi. The organizations accused the two prosecutors of mishandling the Arror and Kimwarer dams case, seeking accountability for their reckless dereliction of duty. In early December, an [...]

The Malaysian Anti-Corruption Commission (MACC), in a press release on Saturday, stated that it has initiated an investigation into a former finance minister and close ally of former Prime Minister Mahathir Mohamad, Tun Abdul Daim bin Zainuddin, under the country’s laws related to abuse of power and money laundering. The MACC emphasized that it had [...]

UN Secretary-General Antonio Guterres officially closed Saturday an international tribunal established to probe the 2005 assassination of former Lebanese Prime Minister Rafik Hariri. The Secretary-General’s spokesperson acknowledged the Special Tribunal’s closure of the Special Tribunal and emphasized that three individuals were found guilty in connection with the assassination in absentia proceedings and sentenced to five [...]

The United Nations (UN) deployed peacekeepers to the northwest of the Central African Republic (CAR) after a deadly attack last week that killed 23 civilians. According to a Wednesday report from the UN, the 3R rebel group was allegedly responsible for the attack which occurred in the Nzakoundou village. The peacekeepers were sent to “strengthen [...]