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Brazil’s Petrobras confronts new foe: fuel thieves

2 days ago DieselGasoil Comments Off on Brazil’s Petrobras confronts new foe: fuel thieves
RIO DE JANEIRO (Reuters) – Brazilian state-run oil firm Petrobras has in the last five years battled an epic corruption probe, a crippling recession and unsteady crude prices. A view of an area of Petrobras pipelines near the Capivari community in Duque de Caxias, Brazil September 17, 2019. Picture taken September 17, 2019. The sign Read More

Undeterred, Facebook to press on with Libra launch next year: executive

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ZURICH (Reuters) – Facebook still aims to launch its Libra digital currency next year, its executive overseeing the project told Swiss newspaper NZZ, as the company presses ahead despite authorities around the world pouring cold water on the plans. FILE PHOTO: Shadow of a 3D-printed Facebook Libra cryptocurrency logo is seen near cryptocurrency representation in Read More

Conman who posed as MI6 spy faces more time in prison

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By Martin Brunt, crime correspondent Jailed conman Mark Acklom is facing more time in prison after being hit with a new European arrest warrant. Sky News has discovered the serial fraudster is wanted in Spain and faces extradition at the end of his current UK sentence. And his wife Maria is now being investigated by Read More

ECB’s Coeure says ‘stablecoins’ pose risks amid resistance to Facebook’s Libra

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FILE PHOTO: Benoit Coeure, board member of the European Central Bank (ECB), is photographed during an interview with Reuters journalists at the ECB headquarters in Frankfurt, Germany, May 17, 2017. REUTERS/Kai Pfaffenbach/File Photo ZURICH/LONDON (Reuters) – A new breed of asset-backed cryptocurrencies such as Facebook’s Libra are untested and pose serious risks, the European Central Read More

Facebook’s Libra in regulators’ sights as ECB’s Coeure warns of ‘stablecoin’ risks

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ZURICH/LONDON (Reuters) – Facebook’s (FB.O) attempt to drag cryptocurrencies into the mainstream with its Libra digital coin met with further scepticism on Monday when an ECB board member said such “stablecoins” posed serious risks. FILE PHOTO: Benoit Coeure, board member of the European Central Bank (ECB), is photographed during an interview with Reuters journalists at Read More

Belgium’s EU Commission nominee under investigation for money laundering

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The man nominated to become the EU’s next justice commissioner, Belgium’s Didier Reynders, is being investigated for alleged corruption and money laundering in the Democratic Republic of Congo. Belgian authorities confirmed they opened a preliminary inquiry into Reynders after accusations were made by a former member of the country’s intelligence services in April. Also on Read More

France, Germany blast Facebook’s Libra, back public cryptocurrency

1 week ago DieselGasoil Comments Off on France, Germany blast Facebook’s Libra, back public cryptocurrency
HELSINKI (Reuters) – France and Germany said on Friday that Facebook’s (FB.O) Libra currency posed risks to the financial sector that could block its authorization in Europe, and backed the development of an alternative public cryptocurrency. FILE PHOTO: Representations of the Ripple, Bitcoin, Etherum and Litecoin virtual currencies are seen on a PC motherboard in Read More

Was Russian with same name as jailed activist invented as spoiler candidate?

1 week ago DieselGasoil Comments Off on Was Russian with same name as jailed activist invented as spoiler candidate?
Looking through the list of newly-elected deputies to the Moscow city council, I was surprised to see the name Alexander Solovyov on the list. I knew an Alexander Solovyov who was an associate of exiled former oligarch and Putin critic Mikhail Khodorkovsky, and was, until recently, chairman of his Open Russia movement. As far as Read More

France: We can’t allow Facebook’s Libra in Europe

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PARIS (Reuters) – Facebook’s Libra cryptocurrency cannot be allowed to operate in Europe while concerns persist about sovereignty, systemic financial risks and the risk of abuses by a dominant market player, France’s finance minister said on Thursday. FILE PHOTO: Small toy figures are seen on representations of virtual currency in front of the Libra logo Read More