Charles Michel says peace progress in Caucasus ‘encouraging’
President Emeritus of the European Council Charles Michel has said he is “confident” in the progress of peace efforts between Azerbaijan and Armen...
A former executive of a Mars Inc. subsidiary has pleaded guilty to fraud and tax charges after stealing $28 million from the company, federal prosecutors said Thursday.
Paul Steed, 58, appeared in the Federal Court in Bridgeport, Connecticut, and agreed to repay $28.4 million to Mars. He also owes roughly $10 million in back taxes to the IRS, according to U.S. Attorney David Sullivan.
Steed, a dual U.S. and Argentine citizen, remains free on $5 million bail. Sentencing is scheduled for 9 December according to reports.
Steed, once a respected sugar market expert and global price risk manager at Mars Wrigley, allegedly diverted the majority of stolen funds— more than $26 million—to a company he created, MCNA LLC, which mimicked the legitimate Mars Chocolate North America.
Authorities also say Steed transferred $2 million to Argentina and purchased a $2.3 million home in Greenwich, Connecticut, with stolen money.
More than $18 million has already been seized from Steed’s accounts, and he has agreed to forfeit the funds.
Prosecutors described his schemes as spanning from around 2013 through various methods to conceal the theft according to reports.
At least 69 people have died and almost 150 injured following a powerful 6.9-magnitude earthquake off the coast of Cebu City in the central Visayas region of the Philippines, officials said, making it one of the country’s deadliest disasters this year.
A tsunami threat was issued in Chile after a magnitude 7.8 earthquake struck the Drake Passage on Friday. The epicenter was located 135 miles south of Puerto Williams on the north coast of Navarino Island.
The war in Ukraine has reached a strategic impasse, and it seems that the conflict will not be solved by military means. This creates a path toward one of two alternatives: either a “frozen” phase that can last indefinitely or a quest for a durable political regulation.
A shooting in Nice, southeastern France, left two people dead and five injured on Friday, authorities said.
Snapchat will start charging users who store more than 5GB of photos and videos in its Memories feature, prompting backlash from long-time users.
President of Ukraine Volodymyr Zelenskyy met King Charles III at Windsor Castle on 24 October, ahead of a series of talks in London with European leaders about continued military support and Ukraine’s peace efforts amid the ongoing war with Russia.
Uzbekistan and the European Union (EU) are set to sign a new Enhanced Partnership and Cooperation Agreement (EPCA), marking a major step in bilateral relations and placing Uzbekistan among the EU’s closest partners in Central Asia.
Turkish President Tayyip Erdoğan said the United States and others must do more to push Israel to stop violating the Gaza ceasefire agreement, including the possible use of sanctions or halting arms sales.
Southeast Asian leaders and global partners, including U.S. President Donald Trump, will gather in Kuala Lumpur from 26 to 28 October to discuss trade, regional conflicts and global security, with East Timor set to join ASEAN as its 11th member.
Start your day informed with AnewZ Morning Brief: here are the top news stories for 23 October, covering the latest developments you need to know.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment