Category Archives: trade

Manafort Sued by Russian Billionaire Deripaska Over TV Deal

President Donald Trump’s former campaign manager Paul Manafort was sued by a company tied to Russian billionaire Oleg Deripaska, who claims he was defrauded after giving $18.9 million to Manafort to invest in a Ukrainian cable television venture.

The suit, filed Wednesday in New York state court by Deripaska’s Surf Horizon Ltd., claims Manafort and his former associate, Rick Gates, used the invested funds as “their personal piggy banks,” moving funds in and out “without any apparent business reason.”

Paul Manafort

Deripaska previously sued in courts in Virginia and the Cayman Islands. The latest fraud case relies in part on allegations in a U.S. money-laundering indictment against Manafort and Gates, brought on Oct. 27 by Special Counsel Robert Mueller.

Surf seeks compensatory damages of at least $1.75 million, as well as punitive damages of $25 million, for alleged “gross negligence, blatant disloyalty and rapacious self-dealing” by Manafort and Gates.

Continue reading Manafort Sued by Russian Billionaire Deripaska Over TV Deal

Advertisements

France Suspends Delivery Of Warships To Russia

France has announced a U-turn on its controversial decision to press ahead with the sale of two warships to Russia amid the crisis in eastern Ukraine ahead of the Nato summit.

President Francois Hollande said Paris was suspending the delivery of the first of the two hi-tech Mistral helicopter carrier ships to Moscow because of the “serious” situation in Ukraine.

“The President of the Republic has assessed that, despite the prospect of a ceasefire, which has still to be confirmed and enforced, the conditions for France to deliver the first BPC [mistral class ship] are not currently satisfied,” the Elysee palace said in a statement.

Continue reading France Suspends Delivery Of Warships To Russia

3 Mexican mayors charged with organized crime

MEXICO CITY (AP) A Mexican federal official says three mayors in the western state of Michoacan have been charged with allegedly having links with a drug cartel.

Federal chief of criminal investigations Tomas Zeron says the mayors of the towns of Huetamo, Lazaro Cardenas and Patzcuaro have been charged with links to the Michoacan-based Knights Templar drug cartel.

Zeron said Monday the mayors Dalia Santana, of Huetamo; Arquimides Oseguera, of Lazaro Cardenas; and Salma Karrum, of Patzcuaro, were detained weeks ago and that a federal judge ordered they be charged with organized crime.

Continue reading 3 Mexican mayors charged with organized crime

Chinese business chiefs pay £12,000 for dinner with David Cameron

Fancy dinner and a photo with David Cameron?

That was what was on offer recently for wealthy business figures at an event in China – as long as they stumped up about £12,000.

Mr Cameron featured on social media adverts for the Shanghai International Ball and Leaders’ Forum, which took place earlier this week.

A photograph of the former prime minister was accompanied by a price in Chinese renminbi.

Continue reading Chinese business chiefs pay £12,000 for dinner with David Cameron

Marijuana taxes and a surplus expected to boost California budget

SACRAMENTO, Calif. (Reuters) – California Governor Jerry Brown will propose his final state budget on Wednesday, setting out a spending blueprint that last year topped $125 billion and marking the first time the state’s coffers will be bolstered from sales taxes on marijuana.

Brown, a Democrat who is leaving office next January after four non-consecutive terms, has positioned the state as a bulwark against the conservative policies of Republican U.S. President Donald Trump.

The governor’s proposal is expected to reflect that by funding programs to combat climate change, shore up health care services and other efforts.

The 2018-2019 budget will include anticipated taxes on sales of marijuana, which became legal for recreational use Jan. 1, estimated to eventually reach $1 billion.

Continue reading Marijuana taxes and a surplus expected to boost California budget

Brazilian football star Philippe Coutinho officially joins Barcelona

Philippe Coutinho officially signed with Barcelona on Monday and thanked the club for its patience after the disappointment of the failed negotiations last year.

Liverpool rejected repeated bids by Barcelona in August for Coutinho, but the clubs finally reached an agreement this weekend for a deal worth up to 160 million euros ($192 million), making the Brazilian playmaker one of the most expensive players in soccer history.

“I just want to thank the club for its patience and its effort,” Coutinho said. “I’m very happy, this is a dream come true for me and I hope to live up to the expectations.”

Continue reading Brazilian football star Philippe Coutinho officially joins Barcelona

Netanyahu son bragged about gas deal outside strip club, tape reveals

While on tour of clubs with minder in tow, Yair Netanyahu is heard telling friend: ‘My dad made an awesome deal for your dad’

Lawyers for Israel’s prime minister, Benjamin Netanayhu, tried to stop the broadcast of an embarrassing audiotape in which Netanyahu’s son Yair suggested his father helped push through a $20bn deal to the benefit of a gas tycoon.

The recording of the conversation, which took place outside a strip club, is the latest revelation to cast light on the Netanyahu family’s relationships with wealthy tycoons, which have so far spawned two corruption investigations into the prime minister’s activities.

Continue reading Netanyahu son bragged about gas deal outside strip club, tape reveals