Author: Press Room

A Bulgarian office belonging to crypto lender Nexo has been raided by prosecutors as part of an investigation into money laundering and other offences, as global authorities step up their scrutiny of companies that lend customers’ crypto assets in search of big returns.The probe of Nexo, which is based in the UK but has operations in Bulgaria, was taken “with the aim of neutralising illegal criminal activity,” the Sofia prosecutor’s office said in a statement.More than 300 police officers and prosecutors took part in the raid, as part of a multi-agency investigation into potential organised crime, money laundering, tax crimes,…

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The European Parliament will review undeclared trips from lawmakers and pieces of legislation that might have been unduly influenced as a result of the alleged cash-for-favours scheme that has unleashed a political storm across Brussels and beyond, President Roberta Metsola has said.”We’re looking into everything,” Metsola told Euronews on Thursday afternoon.”We’re looking into trips that have been approved, we’re looking into trips that were not declared. We’re looking at the process of putting forward amendments, timelines, the way resolutions are negotiated.”The investigation launched by Belgian authorities has shone a light on past legislative work, including a committee vote in early December…

Embattled freshman Rep. George Santos, R-N.Y., doubled down on staying in Congress amid calls from several of his fellow Republicans to step down, giving a cryptic answer as to a resignation question. Santos told the press on Wednesday that he would not resign amid the scandals surrounding his resume, heritage, international criminal record, and personal history.On Thursday, when asked by the press for a response to his colleagues calling on him to resign, Santos doubled down and said he will stay in Congress – with a condition. GEORGE SANTOS: THESE 4 HOUSE REPUBLICANS DEMAND EMBATTLED CONGRESSMAN RESIGN, AS MCCARTHY ALLOWS HIM TO…

Britain and Japan will sign a landmark agreement that will allow U.K. forces to deploy to the Far East country. “Years of negotiation will culminate in the signing today, which will rapidly accelerate defense and security cooperation and allow the U.K. and Japan to deploy forces in one another’s countries,” British Prime Minister Rishi Sunak’s office said in a press release Wednesday. “It will also cement the U.K.’s commitment to Indo-Pacific security, allowing both forces to plan and deliver larger scale, more complex military exercises and deployments,” the statement continued. “The U.K. will be the first European country to have a Reciprocal…

Water-logged Californians will have to endure several more days of rain, as new storms line up in the Pacific to pound the Golden State with unprecedented precipitation, forecasters said Thursday.The Bay Area and Central Coast have been particularly hard hit, with rain falling on San Francisco for 15 out of 18 days between Christmas through Wednesday.Oakland International Airport, a focal point of the nine-county San Francisco Bay Area region, has received almost a year’s worth of rain in just these past 3 1/2 months. From Oct. 1 through Wednesday, that neighborhood of East Oakland received 17.85 inches of rain when…

The Federal Aviation Administration software that failed Wednesday causing thousands of flight delays and cancellations is 30 years old and at least six years away from being updated, a government source familiar with the situation tells CNN. The Notices to Air Missions (NOTAM) database failure triggered the FAA to implement the first nationwide stop of air traffic in more than 20 years. Transportation Secretary Pete Buttigieg has held multiple meetings with top FAA officials since Wednesday’s meltdown and “has made it very clear” he wants the NOTAM database updated much faster than the FAA’s planned timeline, the source tells CNN.…

An 11-year-old Memphis Grizzlies fan had an exciting evening, days after her autographed basketball was reportedly stolen. Grizzlies star Ja Morant gifted Ellie Hughes a pair of his game-worn shoes and an autographed jersey following a 135-129 win over the San Antonio Spurs Wednesday night.  Hughes reportedly had her autographed basketball stolen Monday night during the Grizzlies’ first game of a home-and-home series with San Antonio. HEAT SUSPEND DEWAYNE DEDMON OVER MASSAGE-GUN INCIDENTThe young girl had been collecting autographs of Grizzlies players on the basketball since she was five years old, according to Action News 5 in Memphis.After hearing about the incident,…

Los Angeles, CaliforniaJan. 11, 2023Flights prepare to take off at LAX on Jan. 11, 2023 after an FAA computer problem. Carolyn Cole | Los Angeles Times | Getty ImagesCheck out the companies making headlines in midday trading.Cognizant — Shares of Cognizant rose 8% after the IT company raised its fourth-quarter revenue guidance. It also named Ravi Kumar S as CEO and a member of the board, effective immediately. Kumar was previously president of Infosys.American Airlines — Shares rose more than 7% after the airline boosted its revenue and profit estimates for the fourth quarter. American Airlines, which reports earnings Jan. 26,…

Jets owner Woody Johnson is ready to spend on a veteran quarterback if that is what his decision-makers ask for. Johnson met with reporters on Thursday to discuss the state of the franchise. Quarterback remains the biggest question in the Jets world. Johnson was asked if coach Robert Saleh and general manager Joe Douglas come to him and say they want to bring in a veteran, would he be willing to spend the money on one. “Absolutely,” Johnson said. He was asked, “No matter the cost?” “We’ve got a cap so there’s an amount you can spend,” Johnson said. “But…