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Credit Suisse found guilty in cocaine cash laundering case

Credit Suisse first major Swiss bank to face criminal trial Former banker found guilty of qualified money laundering Bank plans to appeal BELLINZONA, Switzerland, June 27 (Reuters) – Credit Suisse (CSGN.S) was convicted by Switzerland’s Federal Criminal Court on Monday of failing to prevent money -laundering by a Bulgarian cocaine trafficking gang in the country’s …

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Celsius Network hires advisors to prepare for potential bankruptcy – WSJ

Celsius Network logo and representations of cryptocurrencies are seen in this illustration taken, June 13, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Register now for FREE unlimited access to Reuters.com Register June 24 (Reuters) – Celsius Network LLC has hired restructuring consultants from advisory firm Alvarez & Marsal to advise on a possible bankruptcy filing, the Wall Street …

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Samsung Australia fined $ 9.7 million on false water-resistance claims

Samsung Australia fined $ 9.7 million on false water-resistance claims

June 23 (Reuters) – Australia’s competition regulator said on Thursday a court ordered the local unit of Samsung Electronics (005930.KS) to pay a A $ 14 million ($ 9.65 million) penalty for nine misleading advertisements about a water-resistance feature in some of its smartphones. Samsung Australia admitted to misleading buyers of some of its ‘Galaxy’ …

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Musk says Tesla’s new car factories ‘losing billions of dollars’

SAN FRANCISCO, June 22 (Reuters) – Tesla Inc’s (TSLA.O) new car factories in Texas and Berlin are “losing billions of dollars” as they struggle to increase production because of a shortage of batteries and China port issues, Chief Executive Elon Musk said in an interview published on Wednesday. “Both Berlin and Austin factories are gigantic …

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Exclusive: Inside the hangar at the center of the $ 1 bln Airbus-Qatar jet dispute

DOHA, June 22 (Reuters) – Two high -tech Airbus A350 jets sit idle with their windows taped and engines covered in a floodlit hangar in the Gulf, hobbled by an international legal dispute between European industrial giant Airbus (AIR.PA) and Qatar’s national carrier. From a distance, the planes might seem like any other long-haul jetliners …

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Oscar-winning screenwriter Paul Haggis arrested in Italy on sexual assault charges

June 20 (Reuters) – Oscar -winning screenwriter Paul Haggis is under house arrest in southern Italy on charges of sexual assault and aggravated personal injury, accusations that the Canadian director denies, his lawyers said on Monday. “Mr Paul Haggis was detained on Sunday with an emergency measure issued by the Brindisi prosecutors and is now …

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Tesla cars barred for 2 months in Beidaihe, site of China leadership meet

SHANGHAI, June 20 (Reuters) – Tesla (TSLA.O) cars will be prohibited from entering the Chinese coastal district of Beidaihe, site of a secretive annual summer party leadership conclave, for at least two months starting on July 1, a local traffic police official told Reuters on Monday. The decision by the Beidaihe authorities comes just weeks …

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Crypto industry gripped by anxiety as bitcoin wobbles near key $ 20,000 level

Representations of the Ripple, Bitcoin, Etherum and Litecoin virtual currencies are seen on a PC motherboard in this illustration picture, February 14, 2018. REUTERS/Dado Ruvic/File Photo Register now for FREE unlimited access to Reuters.com Register HONG KONG, June 20 (Reuters) – The cryptocurrency industry was on edge on Monday morning as investors feared contagion from …

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