International

Headlines

Carbon offsetting is essential to tackling climate change

WHEN COMPANIES that depend on emissions, such as easyJet, an airline, use offsets sold on private “over the counter” markets to claim carbon neutrality it is hard not to be reminded of the indulgences sold by the medieval Catholic church that helped sinners to go on sinning guilt-free. But the recent emphasis on “net zero” economies has made...

The world urgently needs to expand its use of carbon prices

IF ECONOMISTS ruled the world, carbon prices would drive most of the action on climate change. Polluters would pay for the negative externality their emissions inflict on the planet. There might be differences on the method of payment—some might lean more towards taxes, others towards the permits used in “cap and trade” schemes. But the idea that...

Covid-19’s blow to world trade is a heavy one

THE 2010S WERE not a happy decade for proponents of global trade. Though fears of an increase in protectionism following the financial crisis of 2007-09 did not materialise, nor did the growth of the 1990s and 2000s re-establish itself. Finance was tamer; China was richer and developing its internal market; transport was no longer getting cheaper. As...

Businesses are proving quite resilient to the pandemic

IF A VENGEFUL deity were to design a weapon to wield against the global supply chains that characterise modern business, it might well hit on a virus which hit production facilities all around the world. In the face of covid-19, though, the sinews of business have, for the most part, held up remarkably well. Air freight has suffered, but shipping has...

As China goes global, its banks are coming out, too

AMERICAN BANKERS make for bold bosses. From his roomy office in Manhattan, in early February, the boss of one of the country’s biggest suggested he has few serious rivals—and all are just a few blocks away. “US banks continue to gain share from European banks.” Asia barely gets a mention. “Chinese institutions have generally proven incapable...

Finance

Twitter Comes Under Attack From Trump’s Supporters

OAKLAND, Calif. — Not long after Twitter added a warning label to two of President Trump’s tweets on Tuesday, his supporters swung into action.On Twitter, Mr. Trump’s adherents targeted one of the company’s executives for old tweets in which he had criticized the president and other Republicans. On Capitol Hill, lawmakers including Senator Marco...

‘Just Sitting in Limbo.’ For Many Professionals, Careers Are on Hold.

After five years at the wellness industry start-up she co-founded in San Francisco, Hasti Nazem decided it was time for her next adventure in Silicon Valley. Her last day was March 5.Two months later, the job market has imploded, promising leads have dried up, and Ms. Nazem, 35, is stuck in limbo. She is mining her network for introductions, but still...

Attacks on Joe Scarborough Draw Criticism From Trump's Media Allies

Some of President Trump’s most stalwart media defenders broke ranks with him on Wednesday, aghast at his baseless smears against the MSNBC host Joe Scarborough, whom Mr. Trump has all but accused of killing a former staff member two decades ago despite a total lack of evidence.The backlash even spread to the senior levels of Mr. Trump’s party on...

‘Ugly Even for Him’: Trump’s Media Allies Recoil at His Smear of MSNBC Host

Even President Trump’s most stalwart media defenders have recoiled at his baseless smears against the MSNBC host Joe Scarborough, whom Mr. Trump has all but accused of killing a former staff member two decades ago despite a total lack of evidence.The president is accustomed to — and often relishes — blowback from critics in the press. But he is...

Renault and Nissan Unveil Plan to Patch Tattered Alliance

TOKYO — Nissan and Renault, the quarrelsome main partners in the world’s largest automaking alliance, announced a plan on Wednesday to try to reset their troubled relationship as they seek to survive the coronavirus’s devastating impact on the car industry.The plan seeks to more clearly delineate each company’s turf so they can better absorb...

Legal

Sanctions Considerations for Companies and NGOs Exporting Supplies to Iran

In an earlier post, here, we scrutinized the form and content of the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC)’s March 6, 2020 guidance pertaining to the provision of humanitarian goods and assistance to the people of Iran consistent with U.S. sanctions. In this concluding post, we discuss the factors the...…...

OFAC Responds to COVID-19 in Iran

On March 6, 2020 and in response to an outbreak of coronavirus in Iran, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) issued guidance pertaining to the manner in which humanitarian goods and assistance may be provided to the people of Iran consistent with U.S. sanctions against Iran. This two-part post...… Continue...

IBK Settlements with US Authorities Regarding BSA/AML Violations

On April 20, 2020, the Industrial Bank of Korea (IBK) and its New York branch (IBKNY) (collectively, “the Bank”) entered into a Deferred Prosecution Agreement (DPA) with the U.S. Attorney’s Office for the Southern District of New York (SDNY), a non-prosecution agreement (NPA) with the New York Attorney General, and a Consent Order (the “Consent...…...

Sanctions in the Time of COVID-19

On April 20, the U.S. Treasury Department said it would consider the Coronavirus pandemic’s impact of potentially reducing corporate resources as a mitigating factor in determining the appropriate response to sanctions violations.  Something else was left unsaid. OFAC’s Notice The U.S. Treasury Department’s Office of Foreign Assets Control...

Supreme Court Trims Wire Fraud Theory of Public Corruption in Bridgegate Decision

In Kelly v. United States, 590 U.S. — (May 7, 2020), the Supreme Court recently reversed the federal fraud convictions of former public officials Bridget Kelly and William Baroni arising out of the Bridgegate scandal.  The decision limits the applicability of the federal wire fraud statute to public corruption, and it will affect how such...…...

Deals

Seequent continues investment in innovative geoscience technology for world’s major resource challenges Minalytix partnership and minority shareholding demonstrates Seequent’s commitment to advancing solutions to help customers solve challenges within mining and applied geosciences

Minalytix partnership and minority shareholding demonstrates Seequent’s commitment to advancing solutions to help customers solve challenges within mining and applied geosciences Seequent, a world leader in the development of geoscience analysis, modelling and collaborative technologies, continues its investment in geoscience technology and innovation...

Qualitest announces investment from Bridgepoint for Majority Stake

World’s largest independent software testing and quality assurance company will use investment to accelerate global acquisition strategy and product development Qualitest, the world’s largest pure-play outsourced software testing and quality assurance specialist, announced today that Bridgepoint, an international private equity group, has...

Accountants reveal how AI will change deal-making - forever

The ability to predict and shape the long term success of global takeovers is often seen as the “holy grail” for CEOs, investors and their advisors. A new report from chartered accountancy body ICAEW and Drooms, a leading data solutions company, reveals that some key decision making may soon be taken away from humans and guided instead by the application...

US dominates global M&A securing nine out of ten of the largest 1H19 deals

Mergermarket publishes its Q2 2019 global report London, United Kingdom 2nd July 2019: Mergermarket, the leading provider of M&A data and intelligence, has published its Q2 2019 report in which all but one of the ten largest deals targeted US-based companies, six of which were the result of domestic consolidation. Amid heightened geopolitical...

Uber to acquire Careem to expand the greater Middle East regional opportunity together

Careem to become a wholly-owned subsidiary of Uber, operating as an independent company under the Careem brand and led by Careem foundersOpportunity for both companies to rapidly expand and capitalise on the region’s underpenetrated mobility opportunity and growing digital economy Transaction would be largest-ever technology industry transaction...

Acq Lite

At World’s Biggest Dog Show, Pups That Give New life to Disabled Owners

EDITOR’S NOTE: This news is courtesy of iCopyright, so GNN has no control over the ads. Please remember we do not endorse the advertisements. The post At World’s Biggest Dog Show, Pups That Give New life to Disabled Owners appeared first on Good News Network. Read More

Stranger Sets Off Incredible Chain of Good Deeds That Saved 6 Lives

Six lives were saved at a hospital this week, and it is all thanks to one woman's decision to “be selfless for a day”. The post Stranger Sets Off Incredible Chain of Good Deeds That Saved 6 Lives appeared first on Good News Network. Read More

10 Things I Wish I Would Have Told My Kids

Mindfulness is the ability to pay attention to your current experience—both the internal and external—without judgment. Practicing mindfulness allows us to make wiser choices and pursue healthier and more beneficial avenues in life. Had I learned them earlier in life, I would have taught my kids the valuable life lessons that I’ve gleaned from...

DIY or Die: How an Industrious Outback Nurse Diagnosed His Own Heart Attack and Stayed Alive

The nurse was stationed at his medical outpost 100 miles away from the nearest hospital when he realized that he was about to have a heart attack. The post DIY or Die: How an Industrious Outback Nurse Diagnosed His Own Heart Attack and Stayed Alive appeared first on Good News Network. Read More

Daily Dose of Cute: Dachshund Shows Off Skills by Maneuvering Maze of Plastic Water Bottles

If you’re mourning the end of the Winter Olympic Games in Pyeongchang, you might like these games of skill involving a long-haired Dachshund. Takao showed off his thinking abilities earlier this week when he successfully maneuvered a maze of plastic water bottles that was erected by his owner. In the videos posted to his Instagram page, the...