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Two nephews of Venezuela’s powerful first lady Cilia Flores, confessed to trying to smuggle 800 kilograms of cocaine into the US, according to prosecutors in the politically-charged case. The court filings by prosecutors shed new light on the case that has sounded alarm bells about high-level corruption and drug trafficking by Venezuela’s political elite at a time of increasing economic and political turmoil in the country.
In the face of a “worrying” rise in protectionism, trade ministers from the world’s major economies have agreed to cut trade costs, increase policy coordination and enhance financing, China’s Commerce Minister Gao Hucheng announced at the closing of the Group of 20, G20, meeting in Shanghai.
HSBC 2012 money laundering was so great that if charged it could have led to 'a global financial disaster'
United States officials refused to prosecute HSBC for money laundering in 2012 because of concerns within the Department of Justice that it would cause a global financial disaster, a report says. A US Congressional report revealed UK officials, including Chancellor George Osborne, added to pressure by warning the US it could lead to market turmoil.
US economy created 287,000 jobs in June, rebounding strongly from disappointing growth in May. The figure was much stronger than forecast, and the dollar and yields on US government bonds rose in the belief a US rate rise was now more likely.
John Prescott, who was deputy prime minister when Britain went to war with Iraq in 2003, says the invasion by UK and US forces was illegal. Writing in the Sunday Mirror, he said he would live with the catastrophic decision for the rest of his life.
Disenchantment with Trump and Hillary makes room for an alternative candidate, shows Reuters/Ipsos poll
A public opinion poll from Ipsos, contracted and publishes by Reuters shows that United States citizens demand for an alternative to the two main presidential candidates has surged since the last election, underscoring the unpopularity of Republican Donald Trump and Democrat Hillary Clinton.
Jihad Ahmad Diyab, the ex Guantanamo Syrian inmate which was liberated and given refuge in Uruguay, and apparently recently crossed the border to neighboring Brazil has not infringed any law and is not on the run, according to Christian Mirza who acts as a link between the Uruguayan government and the ex Guantanamo prisoners accepted by Uruguay at the end of 2014.
Uruguay won on Friday an arbitration case against US tobacco giant Philip Morris, which sued the state claiming its strict anti-tobacco law harmed the cigarette maker's business, both sides said. Philip Morris argued that Uruguay had violated terms of a bilateral investment treaty with Switzerland, where it has its main headquarters.
In a historic public health victory that will be felt around the world, Uruguay has won an international legal battle against Philip Morris International to uphold its strong laws to reduce tobacco use. The event was underlined by international philanthropies, which also supported Uruguay during the litigation.
Following his business promoting visit to France, Belgium and Germany, Argentine president Mauricio Macri is attending the Sun Valley Conference in the city of Idaho, United States, which is presided over by Microsoft creator Bill Gates.