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A UK-led operation has uncovered a multibillion-dollar money laundering scheme run out of London, Moscow and Dubai that enabled Russian spies and European drug traffickers to evade sanctions using cryptocurrency. The UK’s National Crime Agency said on Wednesday that its “Operation Destabilise” investigation centred on two companies — Smart and TGR — that acted as
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Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world Donald Trump has discussed replacing Pete Hegseth, his controversial nominee to lead the Pentagon, with candidates including Ron DeSantis, the governor of Florida, according to two people close to the talks. The discussions
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close video Construction industry readying for ‘a new wave’ of workers, business leader signals Contractor Consultants founder Matt DiBara says the U.S. has ‘built an entire system’ and workforce around immigrants. One business leader in the construction industry is preparing for a "new wave" of workers as President-elect Donald Trump’s immigration plans could remove millions
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Budget carrier Frontier Airlines said Tuesday it will offer first-class-style seating to woo passengers willing to spend more. Frontier previously added more seats with extra leg room and business fares targeted at small companies. Other budget carriers have also been targeting higher fares. In August, Spirit Airlines began offering intra-Europe-style business-class seats with a guaranteed blocked middle seat, while Southwest Airlines said in July it planned to
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Alex Mashinsky, the founder and former CEO of cryptocurrency lender Celsius Network, pleaded guilty on Tuesday to two counts of fraud. Mashinsky, 59, was indicted on July 13, 2023, on seven counts of fraud, conspiracy and market manipulation charges. Federal prosecutors in Manhattan said he misled customers of Celsius to persuade them to invest, and artificially inflated the value of his
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close video Hunter Biden held accountable, then singled out with presidential pardon: whistleblower IRS whistleblowers Gary Shapley and Joe Ziegler react to the commander in chief’s decision to pardon his son ahead of his Oval Office exit on “The Bottom Line.” After his unconditional pardon from his father, Hunter Biden faces accusations that he owes
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Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world Had Kamala Harris won the US election last month — and it was close, remember, despite the tone of the coverage since then — would Donald Trump have conceded defeat within 24 brisk
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Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. President Emmanuel Macron has called on French lawmakers not to topple Michel Barnier’s government ahead of a no-confidence vote, even as he downplayed the economic risks of the administration’s likely collapse. The opposition supporting two
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Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. South Korean officials stepped in to shore up support for the country’s financial markets as investors braced for political uncertainty after President Yoon Suk Yeol’s failed attempt to impose martial law. Kim Byung-hwan, head of
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Hours after Syrian rebels swept into Aleppo on Friday night, Abdulkareem Laila ventured into the city for the first time in eight years. The insurgents had set up checkpoints and imposed a curfew and the fighting with regime forces, whose ranks seemed to fold before the lightning offensive, had only just subsided. But Laila was determined
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Just six hours elapsed between South Korean President Yoon Suk Yeol’s declaration of martial law on Tuesday night and his subsequent climbdown, leaving the country in political turmoil. As a hardline chief prosecutor serving under Moon Jae-in, his leftwing predecessor as president, Yoon oversaw the imprisonment of former conservative president Park Geun-hye and Samsung chair
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The head of Germany’s Bundesbank has called on Berlin to soften its tough spending rules, warning that Europe’s largest economy faced a “complicated” and “weak” outlook. Germans are set to head to the polls in February, with the post-pandemic stagnation of Europe’s largest economy feeding into widespread voter discontent with Chancellor Olaf Scholz’s ruling coalition.
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