Day: July 22, 2020

German authorities arrest three former executives of financial firm Wirecard

German prosecutors arrested three former top executives at Wirecard on Wednesday, saying they now suspected them of an organised criminal enterprise to bilk creditors of billions of euros based on faked accounts. Former Chief Executive Markus Braun, who is already a suspect, was re-arrested along with Wirecard’s former chief financial officer and chief accounting officer… Read More German authorities arrest three former executives of financial firm Wirecard

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Kuwait’s Emir Sheikh Sabah al-Ahmad al-Sabah to travel to U.S. for medical treatment

Kuwait’s 91-year-old ruler Emir Sheikh Sabah al-Ahmad al-Sabah will travel to the United States on Thursday for medical treatment after he underwent surgery this week, state news agency KUNA said on Wednesday, quoting his office. Sheikh Sabah, who has ruled Kuwait since 2006, underwent a successful surgery on Sunday, his office said this week, for… Read More Kuwait’s Emir Sheikh Sabah al-Ahmad al-Sabah to travel to U.S. for medical treatment

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U.S. gives China 72 hours to close its consulate in Houston

The United States gave China 72 hours to close its consulate in Houston amid accusations of spying, marking a dramatic deterioration in relations between the world’s two biggest economies. The U.S. State Department said on Wednesday the Chinese mission in Houston was being closed “to protect American intellectual property and Americans’ private information.” China’s foreign… Read More U.S. gives China 72 hours to close its consulate in Houston

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Spotify signs licensing deal with Universal Music Group

Spotify Technology said on Wednesday it signed a new, multi-year licensing agreement with Vivendi’s Universal Music Group (UMG), the label behind artists such as Taylor Swift and Coldplay. Shares of the Stockholm-based company rose 6.2% in early trade, taking their yearly gain to 96%. Spotify and UMG said they would collaborate on new, marketing campaigns… Read More Spotify signs licensing deal with Universal Music Group

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Man arrested, hostages released following standoff in western Ukraine

All 13 people taken hostage on a bus in western Ukraine were freed unharmed on Tuesday after President Volodymyr Zelenskiy spoke by phone with the hostage-taker and agreed to his demand to endorse a 2005 animal rights documentary. Police arrested the suspect, whom the state security service (SBU) identified as 44-year-old Maksym Kryvosh, who seized… Read More Man arrested, hostages released following standoff in western Ukraine

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