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HSBC in $100 million forex fraud settlement

Friday, 19 January 2018

British financial giant HSBC has agreed to pay more than $100 million to US authorities after admitting to defrauding clients during multi-billion-dollar foreign exchange transactions, the Justice Department announced Thursday. The settlement follows an indictment handed down Wednesday against a former Barclays trader similarly accused of defrauding the former California computing giant Hewlett-Packard by manipulating foreign exchange markets. Under the terms of the agreement, which is under ...

Flooding at JFK airport adds to misery after flight delays

Monday, 8 January 2018

Flooding due to a water main break forced the suspension of international flight arrivals at New York’s John F. Kennedy International Airport on Sunday, adding to the misery of travelers after a winter storm canceled or delayed hundreds of flights in recent days.Water poured from the ceiling onto a check-in counter and covered large areas of the floor of Terminal 4, video on CNN showed. The disruption occurred while the U.S. Northeast continued to endure bone-chilling weather with the New ...

Kuwait Airways plane slightly hit by another plane while on JFK runway

Saturday, 6 January 2018

A Kuwait Airways passenger plane belonging to was “slightly hit” by another plane while on the runway ready for takeoff at JFK International Airport in New York early Saturday, Kuwait’s state news agency reported. No injuries among passengers were reported and all passengers were transferred to a hotel until further arrangements are taken, the report added. “An extreme winter storm is currently hitting the US's east coast, which led to the shutting down of airports and ...

Apartment fire kills 12 in New York, four injured

Friday, 29 December 2017

A fire tore through an apartment building in New York’s borough of the Bronx late Thursday, killing at least 12 people including a child and leaving four others critically injured, the mayor said. “This will rank as one of the worst losses of life to a fire in many, many years,” New York Mayor Bill de Blasio told reporters at the scene of the tragedy on a bitterly cold night. “This is the worst fire tragedy we have seen in this city in at least a quarter century,” ...

New York police poised to thwart New Year’s Eve terror plots

Friday, 29 December 2017

The New York Police Department is providing officers with specialized training to stop any suicide bombers at Sunday’s New Year’s Eve celebration, when up to 2 million people will flood the streets of Times Square, officials said on Thursday. The stepped-up training is in response to an attempted bombing in a Times Square subway station walkway on Dec. 11. It comes on top of increasingly stringent security for the city’s New Year’s Eve celebration in the years since the ...

FIFA trial: FBI could step in to probe award of 2022 World Cup for Qatar

Thursday, 28 December 2017

On the seventh day of the FIFA corruption trial unfolded in New York on Tuesday, the American jury acquitted a former soccer boss from Peru, who was free to gladly fly home, while two co-defendants stood convicted and awaited behind bars to hear their sentencing. Sixty-year-old Manuel Burga, a former chief of Peru’s soccer federation and an ex-FIFA development committee member, was cleared on one count of racketeering conspiracy. The jury returned the verdict following the Christmas ...

Mariah Carey back to Times Square New Year’s after debacle

Saturday, 23 December 2017

Mariah Carey must have made a New Year’s resolution to ensure a better sound system. The pop diva confirmed that she will return to Times Square in New York to ring in 2018, a year after she was humiliated by technical issues at the annual televised ball-drop. “We can all agree that last year didn’t go exactly as planned and we are thrilled to move forward together to provide America with an incredible night of music and celebration,” Carey said in a joint statement ...

Saudi Arabia condemns New York bombing: We reject all forms of terror

Tuesday, 12 December 2017

An official source at the Saudi Foreign Ministry announced, on Tuesday, that the Kingdom condemns the terrorist bombing in New York City’s subway station. The official source asserted the "position of the Kingdom, which rejects terrorism and extremism in all its forms." New York authorities announced the arrest of a terrorist who carried out a failed attack in Manhattan with a grenade and found an explosive belt. The authorities also reported that three people were slightly ...

Trump says New York attack highlights need for immigration reform

Tuesday, 12 December 2017

President Donald Trump said on Monday the homemade bomb attack in New York City that authorities said was carried out by a Bangladeshi man highlights the “urgent need” for Congress to enact immigration reform legislation.Trump said in a statement the suspect had entered the United States on a family immigrant visa, benefiting from a US policy known as chain migration, which the president said “is incompatible with national security.”The suspect, Akayed Ullah, was taken to ...

New York police report blast near Times Square

Monday, 11 December 2017

Four people were injured Monday in the blast that rocked a subway station in the heart of Manhattan, in what the city’s mayor said was an "attempted terrorist attack." The blast – which took place in the station at the Port Authority bus terminal, not far from New York's iconic Times Square – sparked commuter panic and travel disruptions. The bomb rattled a city still scarred by the devastating September 11 attacks, and a truck attack in October that left eight dead ...

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