Police: Crypto firm founder Do Kwon arrested in Montenegro – Business News
Crypto founders arrested
The Associated Press – March 23, 2023 / 9:05 am | Stories: 417550
Photo: Terraform Labs
Police in Montenegro have arrested Terraform Labs founder Do Kwon, who is wanted in South Korea in connection with a $40 billion crash of the firm’s cryptocurrency that devastated retail investors around the world, the European country’s interior minister said Thursday.
“Montenegrin police arrested an individual who is believed to be one of the most wanted fugitives, South Korean citizen Do Kwon,” Interior Minister Filip Adzic said on Twitter.
Montenegrin authorities were awaiting official confirmation of the identity of a man…
Trump arrested? Putin jailed? Fake AI images spread online – Business News
Arijeta Lajka And Philip Marcelo, The Associated Press – March 23, 2023 / 11:52 am | Stories: 417588
Photo: The Canadian Press
Images created by Eliot Higgins with the use of artificial intelligence show a fictitious skirmish with Donald Trump and New York City police officers posted on Higgins’ Twitter account, as photographed on an iPhone in Arlington, Va., Thursday, Mar. 23, 2023. The highly detailed, sensational images, which are not real, were produced using a sophisticated and widely accessible image generator. (AP Photo/J. David Ake)
Former President Donald Trump getting gang-tackled by riot-gear-clad New York City police officers. Russian…
Enbridge ‘disappointed’ as environmental review for Line 5 tunnel extended – Business News
Enbridge ‘disappointed’
The Canadian Press – March 23, 2023 / 1:22 pm | Stories: 417614
Photo: The Canadian Press
This photo taken in October 2016 shows an aboveground section of Enbridge’s Line 5 at the Mackinaw City, Mich., pump station. THE CANADIAN PRESS/AP – John Flesher
The timeline of a US review of a proposed Great Lakes tunnel that’s a critical part of Enbridge Inc.’s Line 5 pipeline replacement project has been pushed back by more than a year.
The US Army Corps of Engineers said Thursday it now expects to complete its draft environmental impact statement for Enbridge’s Line…
Scandal-plagued Japan tech giant Toshiba accepts buyout offer – Business News
Photo: The Canadian Press
Scandal-embattled Japanese electronics and technology manufacturer Toshiba has accepted a 2 trillion yen ($15 billion) tender offer from Japan Industrial Partners, a buyout fund made up of major banks and companies.
If the proposal succeeds, it will be a major step in Toshiba’s years long turnaround effort, allowing it to go private and delisted from the Tokyo Stock Exchange. But overseas activist investors own a significant part of Toshiba’s shares, and it’s unclear if they will be happy with the latest bid.
Tokyo-based Toshiba Corp. announced its board accepted the bid at 4,620 yen ($36) a…
Shoppers Drug Mart eliminates ‘pink tax’ on menstrual pain medication following CBC investigation
Shoppers Drug Mart is taking action following an investigation by CBC’s Marketplaces that found painkillers labeled as a treatment for menstrual cramps cost more than near-identical painkillers marketed for headaches and other pain.
The drugstore’s parent company, Loblaw, told Marketplaces over email on March 15 that it “recognizes the importance of equity and access and will align the price of these products within a week.”
As of March 24, more than a week after that email was sent, online prices were aligned but inconsistent across stores in the Greater Toronto Area.
Marketplaces found the two examples of the so-called pink…
Pornhub owner MindGeek purchased by private equity firm – Business News
Pornhub owner purchased
The Canadian Press – March 16, 2023 / 12:47 pm | Stories: 416472
Photo: The Canadian Press
The Pornhub website is shown on a computer screen in Toronto on Wednesday, Dec. 16, 2020. PornHub parent company MindGeek is being acquired by private equity firm Ethical Capital Partners.THE CANADIAN PRESS
Private equity firm Ethical Capital Partners (ECP) is acquiring MindGeek, the owner of Pornhub.
The terms of the transaction are not being publicly disclosed.
In a news release, ECP says MindGeek is committed to quality adult entertainment made by and for consenting adults.
The Ottawa-based private equity firm…
Big banks create $30B rescue package for First Republic – Business News
Photo: The Canadian Press
The hours of operation and the FDIC Insured status is on display at the front door of a First Republic Bank in the Financial District of Manhattan, Thursday, March 16, 2023. The S&P 500 was 0.8% higher in midday trading after erasing an earlier loss of nearly that much following reports that First Republic Bank could receive financial assistance or sell itself to another bank. (AP Photo/Mary Altaffer)
Eleven of the biggest banks in the country announced a $30 billion rescue package for First Republic Bank on Thursday, in an effort to prevent the California-based bank…
Europe’s central bank hikes interest rates by 50 basis points despite bank chaos
The European Central Bank carried through with a large interest rate increase Thursday, brushing aside predictions it might dial back as US bank collapses and troubles at Credit Suisse feeds fears about the impact of higher rates on the global banking system.
The ECB hiked rates by half a percentage point Thursday, underlining its determination to fight high inflation of 8.5 per cent. In a statement, the bank called the banking sector in the 20 countries using the euro currency “resilient,” with strong finances.
“We are monitoring current market tensions closely and stands ready to respond as necessary to preserve…
