When Brian Locke went into business with a clique of Australia’s richest businessmen, the plucky gold hunter believed a lifelong dream was finally within reach. For more than a decade, he had been searching for the super giant: a legendary deposit of gold and precious minerals – worth billions – believed to be entombed beneath…
UOP LLC, doing business as Honeywell UOP, a U.S.-based subsidiary of Honeywell International Inc., has agreed to pay more than $160 million to resolve parallel bribery investigations by criminal and civil authorities in the United States and Brazil stemming from bribe payments offered to a high-ranking official at Brazil’s state-owned oil company. The U.S. Department…
Francis “Cadillac Frank” Salemme, the once powerful New England Mafia boss who was serving a life sentence behind bars for the 1993 killing of a Boston nightclub owner, has died at the age of 89, according to the Bureau of Prisons. Salemme died on Tuesday, according to Bureau of Prisons’ online records. Bureau officials did…
MUNICH -The key prosecution witness in Germany’s biggest post-war fraud trial admitted guilt on Monday in a scam that led to Wirecard’s collapse but said the company was a “swindle” from the start, with former chief executive Markus Braun at its core. Wirecard’s downfall two years ago shook the German business establishment, putting politicians who…
LAWYERS acting for companies with alleged links to sanctioned Russian oligarch Roman Abramovich have locked horns with the States police’s legal team over how much unlawful raids on their offices should cost Island taxpayers. The advocates representing the two firms have told the Royal Court that the force should pay a bigger share of the…
Russian real estate tycoon Dmitry Zelenov passed away earlier this month after tumbling down a flight of stairs while visiting friends in the French Riviera, according to a local outlet and an independent Russian outlet. The French newspaper Var Matin reported Sunday that Zelenov, 50, had been dining with friends in Antibes on Dec. 9…
The worst result, after buying shares in a company (assuming no leverage), would be if you lose all the money you put in. But in contrast you can make much more than 100% if the company does well. For instance the Glencore plc (LON:GLEN) share price is 124% higher than it was three years ago. That sort of return…
Turkey arrested 44 people on Wednesday for what officials claimed was their involvement with Mossad, the Israeli intelligence service, Turkish media reported. Those arrested appear to be largely Turkish citizens, and the group includes several private detectives, as well as the director of a private detective firm named Ismail Yetimoglu. No Israelis were arrested. According…
MacKenzie Scott, the ex-wife of Amazon founder Jeff Bezos, has pledged to give her money to charity “until the safe is empty.” That’s good news for a number of radical left-wing organizations. The billionaire divorcée this week detailed $14 billion in donations she has given to more than 1,600 nonprofit groups since 2019. The giveaway…
Rio Tinto has completed its acquisition of Turquoise Hill Resources Ltd for a consideration of approximately $3.1 billion, simplifying the ownership of the world-class Oyu Tolgoi mine in Mongolia, significantly strengthening Rio Tinto’s copper portfolio, and demonstrating its long-term commitment to the project and Mongolia. Rio Tinto now holds a 66% direct interest in the…