China launches its first renewable requirements for steel, cement and polysilicon
China has introduced its first renewable energy consumption targets for key industrial sectors and data centres....
A British man accused of running a $100 million fake wine loan scam pleaded not guilty in New York, denying claims that he sold investors a vintage collection that didn’t exist. The high-stakes fraud allegedly duped victims with promises of rare bottles and big returns.
James Wellesley, 58, also known as Andrew Fuller, pleaded not guilty Friday in Brooklyn to wire fraud, wire fraud conspiracy, and money laundering conspiracy charges.
He was ordered held without bail at Brooklyn’s Metropolitan Detention Center after fighting extradition from Britain.
Wellesley and co-defendant Stephen Burton, 60, also British and held in the same jail, face up to 20 years in prison if convicted.
Prosecutors say that between June 2017 and February 2019, the men persuaded victims to invest $99.4 million in loans brokered by their company Bordeaux Cellars, claiming the loans were secured by an inventory of over 25,000 rare wine bottles, including Domaine de la Romanee-Conti and Chateau Lafleur.
However, Bordeaux Cellars controlled far fewer bottles than claimed, only 217 in March 2018, prosecutors said.
The defendants allegedly used new loan proceeds to pay interest to some investors and for personal expenses.
The scheme unraveled when interest payments stopped.
The case is U.S. v Burton et al, U.S. District Court, Eastern District of New York, No. 22-cr-00079.
A series of earthquakes have struck Guatemala on Tuesday afternoon, leading authorities to advise residents to evacuate from buildings as a precaution against possible aftershocks.
A deadly mass shooting early on Monday (7 July) in Philadelphia's Grays Ferry neighbourhood left three men dead and nine others wounded, including teenagers, as more than 100 shots were fired.
Dozens of international and domestic flights were cancelled or delayed after Mount Lewotobi Laki Laki erupted on Monday, but Bali’s main airport remains operational.
The 17th Summit of the Economic Cooperation Organization (ECO) was successfully held in Khankendi, Azerbaijan, highlighting the region’s revival and the deepening economic cooperation among member states.
French member of parliament Olivier Marleix was found dead at his home on Monday, with suicide being considered a possible cause.
Norway could soon receive a major boost to its airborne defence, as Washington signals readiness to expand military cooperation through a new high-value arms deal.
The U.S. is set to support Lebanon’s military readiness with a $100 million deal to sustain A-29 Super Tucano aircraft, enhancing the Lebanese Armed Forces’ ability to uphold the recent ceasefire in southern Lebanon.
The U.S. unexpectedly recorded a $27 billion budget surplus in June, reversing last year’s deficit. This improvement reflects stronger customs collections and significant cuts in education spending amid ongoing fiscal challenges.
China has introduced its first renewable energy consumption targets for key industrial sectors and data centres.
Cameroon prepares for presidential elections on October 12 amid rising political tensions and declared candidates challenging long-time leader Paul Biya’s rule.
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