Jianfei Lu, 31, was sentenced to 15 years in prison and fined US$25 million for laundering over US$92 million for Mexican drug cartels. The US Justice Department highlighted his role in using shell companies to process illicit funds.
Larry Joe Woosup is on trial in Cairns District Court, accused of dishonestly appropriating over $200,000 in mining royalties intended for the Ankamuthi people. Traditional owners testified they never received the funds, which were managed through private trust accounts.
GE Aerospace and Hindustan Aeronautics Limited (HAL) have announced a strategic intent to partner on developing jet engines for India's AMCA program, aiming to bolster local manufacturing and technology transfer capabilities.
Labour MP Bayo Alaba has been suspended and had the whip removed after a report questioned whether he tried to avoid repaying a Covid bounce back loan.
Grocery inflation in the UK slowed to 2.1% in the four weeks to 9 August as shoppers bought summer picnic items and ice cream during heatwaves, while relying on deals for nearly a third of all sales.
An Indian resident successfully challenged the tax department's claim of undisclosed foreign income on maturity proceeds from a Dubai life insurance policy, as the Delhi ITAT ruled foreign insurer policies are not automatically subject to the Black Money Act.
The NBA has disputed an ESPN report claiming the league found no proof of salary cap circumvention by the LA Clippers involving Kawhi Leonard, calling the article inaccurate as the investigation continues.
Stripe has agreed to acquire AI routing startup OpenRouter for over $7 billion, three months after OpenRouter raised $113 million at a $1.3 billion valuation.
The UN's Cop17 desertification talks in Mongolia will allocate over $12bn to vulnerable countries to combat drought and land degradation, as global heatwaves and wildfires intensify, threatening food security for millions.
A 22-year-old quick-commerce delivery executive was assaulted by a bank manager in Meerut over a minor order delay. The suspect was arrested after CCTV footage of the incident went viral and coworkers filed a police complaint.
Sunshine Coast philanthropists Roy and Nola Thompson have died after nearly 70 years of marriage, leaving a lasting legacy through funding critical local services like LifeFlight and the Thompson Institute.
Samsung's Galaxy Z Fold 8 Ultra is its first 'Ultra' foldable, featuring an 8-inch main screen, Qualcomm Snapdragon 8 Elite Gen 5 chip, two-day battery life, and a 200MP main camera, priced from £1,899.
Giorgos Tsetis, co-founder of Nutrafol, launched the Great Things family office to invest quickly in startups while dedicating at least 20% of annual net realized profits to philanthropy.
Australian winger Nestory Irankunda has completed a transfer from Watford to Portuguese giants Sporting CP for an undisclosed fee reported around $26 million, signing a five-year deal featuring a $130 million release clause.
Sheryl Williams Stapleton, a former New Mexico Democratic lawmaker, was found guilty of federal charges including mail fraud, bribery, and money laundering for siphoning over $3 million in public education funds to a friend's company, facing up to 20 years in prison.
Charlie Munger and Warren Buffett discuss their disciplined approach to money management, likening it to waiting for the right opportunity, and express disdain for conventional money management systems that prioritize index measurement over value delivery.
The Japanese government has formed a parliamentary taskforce to investigate regulating the multi-billion-dollar trading card market. Soaring prices for Pokémon cards have sparked concerns over scalping, counterfeiting, financial ruin, and money laundering.
Ireland published its first National Anti-Money Laundering Strategy, introducing enhanced checks on private crypto wallets, stricter due diligence on overseas firms, and aligning with EU frameworks like MiCA.
The Irish government published its first national anti-money laundering strategy targeting digital assets, introducing new compliance obligations for crypto service providers, private wallet transfers, and gambling funds.
An analysis by consultancy Baringa reveals that GLP-1 weight-loss medications act as a regressive tax, as individuals need a discretionary income of nearly £100,000 to save money after covering the drug's £1,200 annual cost.
British diplomats in six locations, including Buenos Aires and Santiago, will no longer receive hardship payments. The UK government cut these cities from the list, prompting criticism from Conservatives over taxpayer-funded allowances in popular destinations.
Forbes top editor Randall Lane was dismissed last month after reportedly accepting a $6m payment from RJ Shook, founder of wealth adviser ranking partner Shook Research. Lane admitted to a serious error in judgment for failing to disclose the payment.
Many Canadians are boycotting travel to the United States due to US tariffs and political rhetoric from President Donald Trump, resulting in billions in lost travel revenue and prompting US cities to offer special tourism discounts.
Bitcoin treasury holder CIMG Inc. disclosed in its quarterly filing a $7.38 million working-capital deficit and going concern doubts, despite holding 1,145.4 BTC valued at $67.19 million, citing operational liquidity constraints.
