While talking about "the biggest scandal in Europe today," EU Justice Commissioner Vera Jourova was referring to recent revelations that Denmark's biggest bank, Danske, via its Estonian subsidiary, had laundered €200 billion ($235 billion) of illicit Russian cash between 2007 and 2015. Danske's CEO Thomas Borgen resigned last week and Denmark's business minister, Rasmus Jarlov, said he expected authorities to fine Danske 4 billion Danish kroner (€550 million), with hefty EU and US fines expected later. Ratings agency S&P said the sheer scale of the scandal had put the Danish government's AAA credit grade at risk. "This is absolutely massive," Oliver Bullough, author of Moneyland, told DW. "We knew widespread money laundering was going on but this confirms it in raw figures. It dwarfs anything we've seen before and given that Latvia was always much worse than Estonia in this regard, we will definitely see more come out." Cash destined for … [Read more...] about Danish scandal reveals UK’s Faustian pact with Russia
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Sometimes half a dozen confidential texts and emails a day would fly back and forth between the culture secretary's Cockspur Street office just off Trafalgar Square and the News Corporation team promoting the takeover bid for BSkyB. It was a remarkable level of apparent intimacy with Jeremy Hunt, the minister who from January 2011 had the power to decide the bid's fate. On the eve of one key government announcement in March 2011, Frédéric Michel, the chief lobbyist for James Murdoch, who was leading the News Corp bid, emailed his boss excitedly at 3am: "Urgent. JH decision … He is minded to accept … and will release around 7.30am to the market." In what could be one of the most damning exchanges, Michel wrote of Hunt: "He said we would get there in the end and he shared our objectives." What made this busy back channel particularly remarkable was that the culture secretary was constantly claiming no such relationship existed. Hunt told the Commons … [Read more...] about Jeremy Hunt and the Murdochs: how minister oiled wheels of BSkyB bid
Managing Director of Josepdam Port Service Nigeria Limited, JPS, Simon Travers recently spoke with Vanguard Maritime Report’s, Godfrey Bivbere in his office in Lagos. The JPS boss addressed issues ranging from its annual throughput of the terminal, state of its cargo handling equipment, relationship with the dockworkers, expansion work, projection and much more. Let us look at your operations here, what is the terminal into, are you into bulk, liquid or general cargo? We are a multipurpose terminal which means we can handle anything except containers, general cargo and other commodities. The major problem in some of the terminals is the issue of cargo handling equipment; do you have enough for the operation? We do not have enough, but I have just bought five forklifts, we are importing them from China which is coming in on Jan 17th. What is the annual throughput of the terminal and what is your projection for next year? It will be difficult to give our projection for next … [Read more...] about We intend to grow our cargo throughput to four million tons in five years — Simon Travers
In a new troubling escalation, hackers behind at least two potentially fatal intrusions on industrial facilities have expanded their activities to probing dozens of power grids in the US and elsewhere, researchers with security firm Dragos reported Friday. Further ReadingGame-changing attack on critical infrastructure site causes outageThe group, now dubbed Xenotime by Dragos, quickly gained international attention in 2017 when researchers from Dragos and the Mandiant division of security firm FireEye independently reported Xenotime had recently triggered a dangerous operational outage at a critical-infrastructure site in the Middle East. Researchers from Dragos have labeled the group the world's most dangerous cyber threat ever since. The most alarming thing about this attack was its use of never-before-seen malware that targeted the facility’s safety processes. Such safety instrumented systems are a combination of hardware and software that many critical infrastructure … [Read more...] about Hackers behind dangerous oil and gas intrusions are probing US power grids
Font size:A-|A+78 Slovaks elected 14 MEPs during the May 25 European Parliament elections.The winner of the elections, the coalition of Progressive Slovakia and Spolu (Together), will be represented by four MEPs, while Smer will have three representatives. The far-right People’s Party – Our Slovakia (ĽSNS), the Christian Democratic Movement (KDH) and Freedom and Solidarity (SaS) will have two each, and the Ordinary People and Independent Personalities (OĽaNO) one. New Slovak MEPs (14 photos) Progressive Slovakia and SpoluMichal Šimečka Number of preferential votes: 81,735 A deputy chair of Progressive Slovakia. Before he joined the party, he worked as a research worker of the Institute of International Relations in Prague, with a focus on European integration and European safety. At the same time, he worked as an advisor to the Czech foreign affairs minister. Before that, he worked in the European Parliament in Brussels and in the Center for … [Read more...] about Who are the new Slovak MEPs?