An earthquake with at least 6.0 magnitude has hit the southwestern part of Japan causing nine deaths and injuring more than 800. Though no Tsunami warning has been served, but more than 100 aftershocks have created panic among the residents of the most hit town Mashiki. Japanese Prime Minister has vowed to do everything in life-saving and rescue operations.
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NEW TRADE ALLIANCES WITH CHINA AND RUSSIA UNDERWAY, DUTERTE SAYS
Despite territorial dispute, Philiipine Pres. Rudy Duterte announces posibble trade exchange with China and Russia.
Jordanian Baby Born out of 3 People's DNAs
Dr. Zhang of new york let a baby born with 3 parents bilogical. Found new discovery. New York Dr. John Zhang discovers a controversial technique that uses DNA from three parents to give birth to a child.
WEF says Brexit Puts Britain's Economic Competitiveness At Risk
Britain's economic competitiveness is at risk because of the Brexit vote. June 23 referendum will surely affect its current status being on the top for decade, say WEF.
BoE Warns Over Post Brexit Economic Crisis, Majority Economists Also Presume Same Consequences
Just after two days of IMF cautions, BoE has warned over blink economic outlook in post-Brexit era. Prior to that BoE governor has described Brexit as the biggest domestic financial stability risk. BoE and its governor have drawn criticisms from the pro-Brexit campaigners following clear stance against leaving EU.
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Microsoft has sued the US Department of Justice on Thursday for alleged secret intervention of the government agencies to individual’s information. Through searching secretly, the US government is violating the Fourth as well as First Amendment, alleges the lawsuit. Microsoft believes, this practice has gone too far and hence seeks court intervention to address the situation.
A US appeal court has verdict on Wednesday upholding previous ruling by the District Judge regarding lifting injunction for Argentina in entering global capital market. The ruling allows the South American nation to enter the capital market just after 15 years. It appears as a great success for the incumbent Argentine President who has come to power with promise to settle the default debt status.
The U.S. securities and commodities regulatory agencies pushed the congress to increase their budget. They argued that more fund is needed to do their functions in the growing financial markets and technology in recent years.
Deutsche Bank has primarily agreed settling lawsuit centering ‘Silver Fix’ scam on Wednesday. Under the agreement, the German bank will have to count monetary penalty while helping the plaintiff investors in suits with other banks. Both the agreed parties have declined to elaborate terms and conditions for this accord.
SEC has filed a lawsuit against former ConvergEx exec Basilly on Tuesday on the allegation of defrauding traders. Prior to that, ConvergEx has admitted wrongdoing through its several units and counted penalty of $150 million to the regulators. However, his lawyer claims innocence rejecting all allegations and cites that Bassily has acted as per ConvergEx approved business model.
The largest coal miner in the US has sought protection under bankruptcy law on Wednesday ending speculations over its future. The filing has been acknowledged as the largest bankruptcy case by liabilities during this year. With this filing, a century old publicly traded company is going to shutting down its operations in the US.
The U.S. Congress has delayed work on Puerto Rico debt bill. Originally, the bill was scheduled to be the subject of hearing on Wednesday before receiving final amendments on Thursday. After that, it will be sent for debate on the House.
As a response to China’s new anti-terror law, 25 tech companies in the country have signed a pledge to help the government combat online terror activities. Under the law, tech companies are required to decrypt information for Beijing and provide assistance to keep the internet from terror-related contents.
The IMF calls banks, policy makers, and other key players in both advanced and emerging markets to address economic problems immediately. IMF warned that current issues and uncertainty could lead to a new financial crisis or economic stagnancy in a global sense.
