Author: Press Room

Surrounded by the bodies of other migrants who had been abandoned in the Sahara Desert by traffickers, Ousman Umar thought he was going to share their fate.Against the odds, he survived and after a desperate journey, he finally made it to Spain where he became a successful businessman with a masters degree from Esade, one of the world’s top business schools.This son of a village witch doctor met King Felipe VI of Spain last week.His story is the stuff of dreams for tens of thousands of migrants who struggle to reach the promised land, Europe.However, Umar works to convince would-be…

Credit Suisse has agreed to pay France €238mn to settle claims that it broke laws on money laundering by luring wealthy clients to Switzerland.The deal resolves one of the Swiss lender’s outstanding headaches ahead of a major restructuring this week.It is the latest case to be resolved from a series of European investigations into undeclared Swiss bank accounts. In France alone, prosecutors have settled similar claims with HSBC and are pursuing penalties in court against UBS.Monday’s settlement with Credit Suisse, which involves no admission of guilt, is one of the larger recent deals using a new French legal structure that…

Tesla has cut starting prices for its Model 3 and Model Y cars by as much as 9% in China, reversing a trend of increases across the industry amid signs of softening demand in the world’s largest auto market. The price cuts, posted in listings on the electric vehicle giant’s China website on Monday, are the first by Tesla in China in 2022, and come after Tesla began offering limited incentives to buyers who opted for Tesla’s insurance last month. Shares of Tesla (TSLA) fell nearly 4% in US premarket trading on the report about lower prices for its cars…

Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.The Dash 2 Trade presale has entered its second stage after raising more than $1.9 million in under a week. This represents a significant achievement for the Ethereum-based platform, which is developing an analytics and social trading dashboard for the cryptocurrency market.The move from stage one to two raises the price of D2T from 0.0476 USDT to 0.05 USDT, with the presale aiming to raise the equivalent of $5,166,000 before moving onto its third stage (out of nine). From…

By Staff The Canadian Press Posted October 24, 2022 7:20 am Descrease article font size Increase article font size As inflation remains hot around the world, Canadians trying to escape the cold this winter will be looking to save during the peak travel season. With high inflation and still-rising interest rates, it is an undeniably expensive time for Canadians – yet after more than two years of pandemic restrictions, many still want to get away.Macca Shirifi from travel blog An Adventurous World says that hotels are now often cheaper than private accommodation like an Airbnb rental, since those prices rose…

The New York Yankees’ run in the MLB postseason ended with a sweeping defeat against the Houston Astros on Sunday night, 6-5.The Astros got big hits from Yordan Alvarez, Alex Bregman and Jeremy Pena in big moments. The team also took advantage of a defensive error from Gleyber Torres in the seventh inning that allowed the go-ahead rally. While the Astros get to move onto their fourth World Series appearance in six years, the Yankees are again ending a season without a ring or even an appearance. The team has not made it to the World Series since 2009 –…

TOKYO: A Japanese minister resigned on Monday (Oct 24) following allegations over his ties to the Unification Church, which is under renewed scrutiny after the assassination of former prime minister Shinzo Abe. Daishiro Yamagiwa, minister for economic revitalisation, said he did not want the allegations to “affect the parliamentary debate”, without naming the church. Last week Prime Minister Fumio Kishida ordered a government probe into the group, which has been in the spotlight because the man accused of killing Abe in July was reportedly motivated by resentment against it. The sect’s Japan chapter has been accused of pressuring adherents to…

A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link. ESG investing — evaluating companies using environmental, social and governance factors — was one of the most-cited phrases in earnings calls during the first half of the year. But a looming recession, tanking stock markets and the race to US midterm elections have put those sustainability efforts on the chopping block. What’s happening: The rapid pandemic-era uptick in ESG fund investing has now…

“FEELING UNWELL” China’s only comment came in a pair of tweets in English late on Saturday by its official Xinhua news agency saying that Hu had been feeling unwell, an explanation that has been met with scepticism by some China-watchers. Twitter is blocked in China, and there has been no mention of the incident in domestic media. State TV’s Saturday night news broadcasts included images of Hu at the congress, before his exit. Asked at a regular news conference on Monday about the incident and the global attention it has gained, China’s foreign ministry referred to the Xinhua tweets. China’s…

China’s President Xi Jinping speaking at the opening session of the 20th Chinese Communist Party’s Congress at the Great Hall of the People in Beijing on Oct. 16, 2022.Noel Celis | AFP | Getty ImagesChinese technology stocks tanked Monday after a political reshuffle in the world’s second-largest economy tightened President Xi Jinping’s grip on power with investors fearing this could be a negative for private firms.Tech giants Alibaba and Tencent closed down more than 11% in Asia; search company Baidu was 12% lower while food delivery firm Meituan tanked more than 14%.The moves come after Xi paved the way for…