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☆ Rudy Giuliani was helping Noelle Dunphy in a brutal legal fight with her 'abusive' ex when he abused her himself: court docs
▼ + stars: | 2023-05-16 | by ( Laura Italiano | Jacob Shamsian | ) www.businessinsider.com time to read: +8 min

Noelle Dunphy says she agreed to work for Giuliani when he promised a $1 million salary and free legal help. At the time, Dunphy was embroiled in a messy court battle with a wealthy, "abusive" ex, court papers state. "Rather, Ms. Dunphy would come to understand that Giuliani was aroused by discussing her sexual history and violent relationships. But Giuliani was slinging insults at her on Twitter and had revealed her true name in connection with the case, Dunphy alleged. Giuliani took advantage of Dunphy's legal troubles, her lawsuit allegesFar from helping Dunphy with her legal morass, Giuliani "abused his position as Ms. Dunphy's lawyer to pressure her into sex," her lawsuit claims.

MEXICO CITY, May 8 (Reuters) - The Mexican government on Monday set out fresh details of a plan to attract businesses to a corridor straddling a narrow isthmus of southern Mexico, part of a larger push to pump investment into the relatively poor region. The plan, called the Inter-Oceanic Corridor, will include 10 new industrial parks along the stretch connecting the Pacific port of Salina Cruz in Oaxaca state with the Gulf coast hub of Coatzacoalcos in Veracruz state, officials said. Officials also hinted at plans to construct four wind plants across the area, home to major installations of state-run oil company Pemex. Another reason to push manufacturing to the south is that the north - which benefits from its proximity with the United States - is facing a drought, officials say. Reporting by Kylie Madry; Writing by Brendan O'Boyle; Editing by David Alire GarciaOur Standards: The Thomson Reuters Trust Principles.

☆ DC Mayor Muriel Bowser wants to expand tax breaks for developers turning empty downtown offices into much-needed housing
▼ + stars: | 2023-05-08 | by ( Eliza Relman | ) www.businessinsider.com time to read: +3 min

DC's mayor has proposed an expansion of tax relief for developers who convert offices into residences. The city has more than 20 million square feet of unused office space — an unprecedented vacancy rate, according to the DowntownDC Business Improvement District's 2021 report. —Mayor Muriel Bowser (@MayorBowser) December 15, 2022The mayor and city officials say the tax relief, called the Housing in Downtown (HID) Abatement, is necessary to incentivize and speed up costly commercial building transformations. "We know that creating new housing in downtown will lead to a more vibrant neighborhood and 24/7 economy. The Housing in Downtown Abatement Program will incentivize more conversions, and bring about more housing affordability and retail opportunities."

☆ $7.25 federal minimum wage is a 'national disgrace,' says Sen. Bernie Sanders, backing push for $17/hour
▼ + stars: | 2023-05-08 | by ( Lorie Konish | ) www.cnbc.com time to read: +3 min

Sen. Bernie Sanders, I-Vt., speaks on raising the federal minimum wage outside the U.S. Capitol on May 4, 2023. Anna Moneymaker | Getty Images News | Getty Images13 states have approved a $15 minimum wageToday, 13 states have approved a $15 minimum wage, Sanders said. Sen. Bernie Sanders Independent U.S. senator from VermontDemocrats had pursued raising the federal minimum wage in recent years, though those efforts stalled. When President Joe Biden took office, he promised to address the federal minimum wage in his first 100 days, Blalock recalled. 'A weak minimum wage is bad for the overall economy'Opponents to raising the minimum wage cite the higher costs those increases would put on businesses.

☆ Ex-Minneapolis police officer found guilty of aiding in George Floyd killing
▼ + stars: | 2023-05-02 | by ( ) www.reuters.com time to read: +3 min

Thao had opted to allow Hennepin County District Judge Peter Cahill decide whether he was guilty or not guilty, waiving his right to a trial by jury. Derek Chauvin, a white officer captured on cellphone video kneeling on the handcuffed Floyd's neck for more than nine minutes, was found guilty of murdering Floyd in 2021. With Chauvin kneeling on Floyd's neck, and Lane and Kueng restraining his knees and buttocks, Floyd pleaded for his life before falling limp. Two other former officers, Thomas Lane and J. Alexander Kueng, pleaded guilty last year to aiding and abetting second-degree manslaughter, the same charge Thao faced. At a federal trial last year, Keung, Lane and Thao were found guilty of violating Floyd's civil rights.

CNN —A Minnesota judge found former Minneapolis police officer Tou Thao guilty of aiding and abetting second-degree manslaughter for his role in the May 2020 killing of George Floyd, according to court documents filed Monday. “Like the bystanders, Thao could see Floyd’s life slowly ebbing away as the restraint continued,” Cahill wrote in the verdict. Tou Thao Hennepin County Sheriff's Office“The conviction of Tou Thao is historic and the right outcome,” Minnesota Attorney General Keith Ellison, the lead prosecutor of Floyd’s murder, said in a statement. Chauvin was found guilty of second-degree unintentional murder, third-degree murder and second-degree manslaughter in state court and was sentenced to 22.5 years in prison in June 2021. Lane, Kueng and Thao were found guilty in federal court of violating Floyd’s civil rights and of failing to intervene to stop Chauvin during the restraint.

☆ Judge delays hearing for accused US intel leaker Jack Teixeira because his defense says it needs 'more time'
▼ + stars: | 2023-04-19 | by ( Jake Epstein | ) www.businessinsider.com time to read: +4 min

A 21-year-old charged with leaking secret US military documents had his detention hearing delayed. Jack Teixeira, a Massachusetts Air National Guardsman, appeared briefly in federal court Wednesday. A judge had granted a motion to delay the detention hearing because the defense needs more time. But earlier on Wednesday, Hennessy granted a request by attorneys to delay Teixeira's detention hearing by around two weeks. Jack Teixeira, 21, has been charged in connection with the leak of secret Pentagon documents.

☆ Most countries want tourists back — but Amsterdam is telling these visitors to 'stay away'
▼ + stars: | 2023-04-05 | by ( Audrey Wan | ) www.cnbc.com time to read: +1 min

Some places are wooing visitors by waiving visa requirements and giving out air tickets. But Amsterdam has a problem with too much tourism — and now it's telling some visitors, namely British male tourists aged between 18 and 35, to "stay away" if they're traveling to the city for drugs or parties. Amsterdam's local authority launched the online campaign in Great Britain this month that aims to keep out "nuisance-causing visitors," authorities said in a news release last week. About 360,000 overnight guests from the United Kingdom visited Amsterdam in 2020, said Statista. The "Stay Away" campaign targets visitors who use online search terms like "stag party Amsterdam," "pub crawl Amsterdam" or "cheap hotel Amsterdam" by showing them warning advertisements, authorities said.

☆ Trump said 9 words and did not smile as he was hit with a 34-count felony indictment on business fraud charges
▼ + stars: | 2023-04-04 | by ( Azmi Haroun | Jacob Shamsian | ) www.businessinsider.com time to read: +1 min

Former President Donald Trump was criminally indicted in Manhattan on Tuesday. On Tuesday, a grand jury indicted Trump on 34 felony business fraud charges, which included allegations that Trump arranged a $130,000 hush money payment to adult film actress Stormy Daniels, as well as other payments meant to stifle negative press ahead of the 2016 election. In court, Trump sat with his counsel and spoke as little as possible, pleading not guilty to the charges. Trump spoke only in response to questions from prosecutors, first pleading "not guilty" when asked to enter his plea. "I do," Trump answered.

☆ Twitter is reportedly waiving the $1,000 monthly verification fee for its 10,000 most-followed organizations, amid backlash that the new cost is 'outlandish'
▼ + stars: | 2023-03-31 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +2 min

Twitter plans to charge businesses $1,000 per month to keep their verification status after April 1. But Twitter will waive the fee for its top 10,000 most-followed organizations that had legacy verification, per NYT. Twitter's top 500 advertising clients and 10,000 most-followed organizations that already had verification before will see their verification fees waived, according to the Times, which cited an internal document. Many business owners aren't happy with the new verification fee. Individuals have also taken issue with the $8 monthly verification fee for their accounts.

An indictment is the formal notification that a grand jury has brought charges against a defendant. A grand jury is convened in some criminal cases to decide whether prosecutors have enough evidence to bring a defendant to trial. "An indictment is a finding by a grand jury that there is reasonable cause to believe the target committed a crime," he said. When that's done, the grand jury will deliberate and then vote on which — if any — charges they will indict. In New York, where Trump was indicted, 16 out of an originally selected 23 grand jurors must be present for a voting quorum, according to the state grand juror's handbook.

☆ GSK licenses companies to make cheap copies of HIV prevention drug
▼ + stars: | 2023-03-30 | by ( Maggie Fick | ) www.reuters.com time to read: +2 min

LONDON, March 30 (Reuters) - British drugmaker GSK (GSK.L) has signed deals with three companies allowing them to make inexpensive generic versions of its long-acting HIV preventive medicine for use in lower-income countries, where the majority of new HIV cases occur. The injected drug cabotegravir was approved by regulators in the United States in late 2021. Last July, GSK announced a program with the United Nations-backed healthcare organisation, the Medicines Patent Pool, aiming to get poor countries access to new HIV therapies far earlier than they did for previous HIV medicines. GSK said last year the new program could result in the generic form of its injection being available in lower-income countries beginning in 2026. The generic copies will be supplied in 90 countries, subject to regulatory approvals there, the statement said.

☆ Factbox: LME's measures to revive its nickel contract
▼ + stars: | 2023-03-30 | by ( ) www.reuters.com time to read: +2 min

LONDON, March 30 (Reuters) - The London Metal Exchange (LME) on Thursday launched sweeping measures to revive its flagging nickel contract, including plans to cut waiting times and scrap fees for new brands of the metal that can be delivered against its contract. Below is the list of the initiative:- The LME plans to cut the waiting period to approve new nickel brands to three months of regular sample assaying while also waiving fees. - The LME will consider broadening its nickel contract to include coarse nickel powder, which can be converted and used in production of batteries, to increase the amount of nickel eligible for delivery. - The LME will work with the Qianhai Mercantile Exchange (QME) to develop a China-based spot market for nickel sulphate and nickel matte to support trade flows in Asia. - The LME plans to consider whether temporary measures, designed to address the current low levels of stocks - a backwardation limit and deferred delivery mechanism - should be made a permanent element of its rulebook.

Chase Overdraft Assist is available with all checking accounts except Chase First Checking, Chase High School Checking, and Chase Secure Checking. Chase Overdraft Assist is available with all checking accounts except Chase First Checking, Chase High School Checking, and Chase Secure Checking. What to do if you can't get your overdraft fees coveredUnfortunately, you might not always get a refund on an overdraft fee. With free overdraft protection, you won't have to pay an overdraft fee or a fee to utilize overdraft protection. Many online banks and credit unions either have free overdraft protection or don't charge any overdraft fees.

☆ Boomerang UBS boss ticks several important boxes
▼ + stars: | 2023-03-29 | by ( Liam Proud | ) www.reuters.com time to read: +4 min

That’s the best explanation for why Chair Colm Kelleher on Wednesday said the Swiss bank was replacing CEO Ralph Hamers with erstwhile boss Sergio Ermotti. Though the move violates several corporate-governance red lines, it improves the group’s chances of successfully absorbing stricken rival Credit Suisse (CSGN.S). Nor was his hesitant delivery in a call with analysts after announcing the Credit Suisse deal. During his previous spell in charge, UBS held talks with Deutsche Bank (DBKGn.DE) and discussed a merger with Credit Suisse. Ermotti, a Swiss national, led the Swiss bank for nine years, departing in late 2020, and is currently chair of Swiss Re.

☆ 3 GOP lawmakers just introduced a plan for Congress to overturn Biden's student-loan forgiveness
▼ + stars: | 2023-03-17 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

3 GOP lawmakers announced plans to overturn Biden's student-debt relief using the Congressional Review Act on Friday. The Act is an oversight tool Congress can use to overturn final rules put in place by federal agencies. The Education Department said Biden's student-debt relief should not be subject to that Act. Since Biden announced the broad debt relief plan in August, it ran into challenges not only by GOP lawmakers, but conservative-backed groups who filed lawsuits to block the plan. It will issue a decision on the legality of Biden's relief by June.

To help you get started, CNBC Select rounded up a list of the best mortgage lenders first-time homebuyers should consider. Types of loans offered: The most common kinds of mortgage loans include conventional loans, FHA loans and VA loans. The most common kinds of mortgage loans include conventional loans, FHA loans and VA loans. Fees: Common fees associated with mortgage applications include origination fees, application fees, underwriting fees, processing fees and administrative fees. Common fees associated with mortgage applications include origination fees, application fees, underwriting fees, processing fees and administrative fees.

☆ Ex-Goldman banker sentenced to 10 years prison in 1MDB corruption case
▼ + stars: | 2023-03-09 | by ( ) edition.cnn.com time to read: +3 min

Former Prime Minister Najib Razak is serving a 12-year prison sentence after being convicted by a Malaysian court of receiving $10 million from a former 1MDB unit. He spent six months in a Malaysian prison before waiving his right to contest extradition to the United States in 2018. He pleaded guilty and testified against Ng as part of a cooperation agreement. Malaysian officials have said Low is in China, which Beijing denies. In October 2020, Goldman agreed to pay $2.9 billion and its Malaysian unit pleaded guilty to a corruption charge.

☆ Ex-Goldman banker Ng sentenced to 10 years prison in 1MDB corruption case
▼ + stars: | 2023-03-09 | by ( Luc Cohen | Thomson Reuters | Reports On The New York Federal Courts. Previously Worked As A Correspondent In Venezuela | ) www.reuters.com time to read: +3 min

☆ Ex-Goldman banker Ng deserves 15 years in prison, US prosecutors say
▼ + stars: | 2023-03-04 | by ( Luc Cohen | Thomson Reuters | Reports On The New York Federal Courts. Previously Worked As A Correspondent In Venezuela | ) www.reuters.com time to read: +2 min

In his own sentencing request on Feb. 25, Ng asked that he be given no prison time and be allowed to return to Malaysia. He had spent six months in a Malaysian prison before waiving his right to contest extradition to the United States in 2018. Prosecutors said $4.5 billion of that sum was embezzled by officials, bankers and their associates, in one of the biggest scandals in Wall Street history. In October 2020, Goldman agreed to pay $2.9 billion and its Malaysian unit pleaded guilty to a corruption charge. Leissner pleaded guilty and testified against Ng as part of a cooperation agreement.

☆ Ex-Goldman banker Roger Ng deserves 15 years in prison after 1MDB scandal, U.S. prosecutors say
▼ + stars: | 2023-03-04 | by ( ) www.cnbc.com time to read: +1 min

Roger Ng, a former banker for Goldman Sachs Group, exits from federal court in New York, U.S. on May 6, 2019. In his own sentencing request on Feb. 25, Ng asked that he be given no prison time and be allowed to return to Malaysia. U.S. prosecutors on Friday urged a judge to sentence former Goldman Sachs banker Roger Ng to 15 years in prison after he was convicted of helping loot billions of dollars from Malaysia's 1MDB sovereign wealth fund. In October 2020, Goldman agreed to pay $2.9 billion and its Malaysian unit pleaded guilty to a corruption charge. Leissner pleaded guilty and testified against Ng as part of a cooperation agreement.

☆ Canada to support Iranian temporary residents, citing crackdown on Iran protests
▼ + stars: | 2023-02-23 | by ( Kanishka Singh | ) www.reuters.com time to read: +2 min

Feb 23 (Reuters) - The Canadian government on Thursday announced support for Iranian temporary residents in Canada looking to extend their stay, citing the Iranian government's crackdown on recent protests. Nationwide protests erupted in Iran last fall after the death of 22-year-old Kurdish Iranian woman Mahsa Amini in police custody on Sept. 16 last year. Many Western states, including Canada, have imposed sanctions following a harsh state crackdown on protests. The Canadian government said an open work permit pathway will be made available for Iranians already in Canada, adding that applications from Iranians in Canada will also be processed on a priority basis. Canada also said it was waiving certain processing fees for Iranians who wish to extend their stay in Canada, and will also waive passport and permanent resident travel document fees for citizens and permanent residents of Canada in Iran who wish to leave.

☆ Employers can't force you to keep quiet to get severance, labor board decides, reversing Trump-era rulings
▼ + stars: | 2023-02-22 | by ( Charles R. Davis | ) www.businessinsider.com time to read: +3 min

Companies can't require employees to waive their rights as part of a severance agreement. In a ruling on Tuesday, the National Labor Relations Board said such requirements are "unlawful." Workers can't be forced to "choose between receiving benefits and exercising their rights," NLRB's Lauren McFerran said. Nondisparagement clauses, it reasoned, could prevent former workers from being able to assist investigations into ongoing labor law violations. In a statement, McFerran said Thursday's ruling reflected an understanding that "employers cannot ask individual employees to choose between receiving benefits and exercising their rights under the National Labor Relations Act."

☆ Texas 'Dreamer' reunites with family in the US after 6 months stranded in Mexico after a family secret upended his immigration interview. But the fight to secure his status in the US is not over yet.
▼ + stars: | 2023-02-22 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +7 min

Jaime Avalos was able to secure humanitarian parole after a disaster immigration interview last year. "The fight is not over," Avalos' wife told Insider. Attorney Naimeh Salem, Yarianna Martinez, Jaime Avalos, Noah, 1, and Rep. Al Green pose for a photo. Jaime Avalos, Yarianna Martinez, and their son Noah pose for a photo. But if there's one thing the family has learned in the last six months, Martinez said, it is to never give up.

☆ Singapore's digital banks dangle incentives to win new customers — is it sustainable?
▼ + stars: | 2023-02-21 | by ( Sheila Chiang | ) www.cnbc.com time to read: +7 min

Singapore's new digital retail banks are offering lower fees, more incentives and waiving minimum account balances to win over customers from traditional banks. Bloomberg | Bloomberg | Getty ImagesSINGAPORE — Digital retail banks in Singapore are pulling out all stops to win new customers. Unlike traditional banks — like DBS , OCBC and UOB — which operate physical branches and automated teller machines, digital banks operate entirely online. Singapore's new digital banksThe city-state gave out four digital bank licenses in December 2020. The other two digital wholesale bank licenses were bagged by Ant Group's ANEXT Bank and Green Link Digital Bank, catering to small-and-medium enterprises and other non-retail segments.

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