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Prosecutors urge 40-50 years for crypto fraudster Bankman-Fried
US prosecutors have requested that a court sentence disgraced crypto mogul Sam Bankman-Fried to between 40 and 50 years imprisonment for massive fraud that cost customers $8 billion, court documents showed Friday. "A sentence of 40 to 50 years' imprisonment... is necessary to reflect the seriousness of the defendant's crimes," the prosecution's sentencing memorandum said.
EU chief outlines more concessions for bloc's farmers
European Commission chief Ursula von der Leyen on Friday laid out a further series of concessions to EU farmers, especially for those on smaller properties, in a bid to calm rolling protests in the sector. Von der Leyen told Tusk the proposed changes would "apply certain standards in a way that is more compatible with the everyday realities that farmers face on the ground".
Huthis fire at ship off Yemen as they threaten wider campaign
A missile launched Friday by Yemen's Huthi rebels at a ship in the Red Sea caused no damage, after they threatened to expand their harassment campaign which has disrupted global trade.
Economic hard times make Swedes cut back on drinking
A slumping economy gave Swedes less to cheer about last year as alcohol consumption fell the most in nearly a decade in the Nordic country, excluding the 2020 pandemic, research showed Friday.
Eyes on Bank of Japan as unions announce big wage hikes
Japan's largest trade union said Friday it had secured the highest wage hikes since 1991 in preliminary data that stokes speculation the central bank will finally shift away from its outlier ultra-loose monetary policy. The announcement will be closely watched by economists looking for signs that the Bank of Japan could soon scale back its long-standing monetary easing policies.
Vodafone sells Italian unit to Swisscom for 8 bn euros
British telecoms giant Vodafone said Friday it has agreed to sell its Italian unit to Swisscom for eight billion euros ($8.7 billion), completing efforts to overhaul the UK group's European operations. The UK group said it intends to return four billion euros to its shareholders following the sales of its Italian and Spanish businesses, which together total 12 billion euros.
Nissan, Honda to explore partnership in electric vehicles
Japanese auto giants Nissan and Honda said Friday they had agreed to explore a strategic partnership in electric vehicles and other areas. But elsewhere Japanese firms' focus on hybrids has meant that they have been left in the slow lane in meeting the growing appetite for purely electric-powered vehicles.
Missile hits ship off Yemen as rebels threaten wider campaign
A missile strike damaged a merchant ship in the Red Sea off Yemen, marine security monitors said Friday, as the country's Iran-backed Huthi rebels threatened to expand their months-long harassment campaign which has disrupted global trade.
Eyes on Bank of Japan as unions announce wage hikes
The results of key wage hike negotiations in Japan will be announced Friday, with a win for workers expected to set the stage for a hotly anticipated shift away from the central bank's ultra-loose monetary policy. Its announcement will be closely watched by economists looking for signs that the Bank of Japan could soon scale back its long-standing monetary easing policies.
AFP
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