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Biden will welcome Sunak to White House next week
Biden will welcome Sunak to White House next week
President Joe Biden will welcome BritishPrime Minister Rishi Sunak to the White House for an Official Working Visit next week on 8 June, the White House has said. In a statement, White House Press Secretary Karine Jean-Pierre said Mr Biden “looks forward” to meeting with the Prime Minister to “further deepen the close and historic partnership between the United States and the United Kingdom”. Ms Jean-Pierre said the bilateral session will follow up on recent meetings between Mr Biden and Mr Sunak, who last saw each other at the G7 summit in Japan earlier this month. She added that the US and UK leaders “will review a range of global issues, including their steadfast support for Ukraine as it defends itself against Russia’s brutal war of aggression, as well as further action to bolster energy security and address the climate crisis,” and “discuss efforts to continue strengthening our economic relationship as we confront shared economic and national security challenges”. The White House spokesperson also said Mr Biden and Mr Sunak will “review developments in Northern Ireland as part of their shared commitment to preserving the gains of the Belfast/Good Friday Agreement”. A spokesperson for the Prime Minister said the two men would spend their time together “build[ing] on discussions the Prime Minister and President Biden have had in recent months about enhancing the level of co-operation and co-ordination between the UK and US on the economic challenges that will define our future, including securing our supply chains and transitioning to zero-carbon economies”. “It will also be an opportunity to discuss issues including sustaining our support for Ukraine as we build on the success of our G7 summit in the run-up to the Nato summit in July,” the spokesperson added. Mr Sunak’s visit to the White House will come during the second half of what will be a two-day visit to the US capital, during which he will also meet with top Congressional leaders and business figures. He last visited the US in March when he travelled to San Diego for a meeting with Mr Biden and Australian leader Anthony Albanese regarding the Aukus agreement to supply Australia with nuclear-powered submarines. The Prime Minister and the US President also met in Belfast in April, and will meet again at the Nato leaders’ summit in Lithuania this summer. Read More Biden marks eighth anniversary of son Beau’s death from brain cancer at memorial Mass AP News Digest 9:30 a.m. Sunak to visit Washington DC for talks with Joe Biden
2023-05-30 22:57
World’s largest crypto exchange pays $4.3bn to settle federal cases as CEO resigns
World’s largest crypto exchange pays $4.3bn to settle federal cases as CEO resigns
Binace, the world’s largest cryptocurrency exchange, will pay over $4bn to US officials after admitting to unlicensed money transfers, sanctions violations, and willfully failing to institute anti-money laundering protections, federal officials announced on Tuesday. The oversights allowed trading with sanctioned nations like Iran, Cuba, and Syria, and failed to institute systems to report suspicious potential transactions with terror groups, according to the Treasury Department. “Binance was allowing illicit actors to transact freely, supporting activities from child sexual abuse to illegal narcotics to terrorism,” Treasury Secretary Janet Yellensaid on Tuesday. Changpeng Zhao, the founder of and CEO of Binance, is also stepping down, and will pay a $50m fine after pleading guilty to related charges. He could face up to 18 months in prison. “I made mistakes, and I must take responsibility,” the executive wrote on X. “This is best for our community, for Binance, and for myself.” Federal officials described a wide-ranging set of problems at the crypto exchange, which at times handled two-thirds of global crypto trades. “It willfully enabled hundreds of millions of dollars in transactions between American users and users subject to US sanctions,” US Attorney General Merrick Garland said in remarks on Tuesday. “And its platform accommodated criminals across the world who used Binance to move their stolen funds and other criminal proceeds. “Binance prioritized its profits over the safety of the American people.” The massive penalty, one of the largest in US financial regulation history, will also go towards resolving inquiries from the Commodity Futures Trading Commission, the Department of the Treasury’s Financial Crimes Enforcement Network (FinCen), and the Office of Foreign Assets Control. On multiple occasions, Binance leadership intentionally took steps that allowed dangerous and illegal transactions to take place, according to the Justice Department. Binance knew it served US customers, meaning it had to register with FinCen and implement anti-money laundering controls, but “chose not to comply,” per the DOJ. Rather than set up these protections, the company created a separate Binance.US platform in 2019, while seeking to encourage VIP customers to obscure their accounts and continue using the main exchange, officials said. “Binance executives, including Zhao, made a plan to contact VIP customers and help the VIP register a new account for an offshore entity and transfer holdings to that account,” the DoJ said in an announcement of the agreement on Tuesday. “Binance employees also called US VIPs to encourage them to provide information that suggested the customer was not located in the United States.” The company, knowing it had US customers, also failed to introduce controls that would stop them from making trades with sanctioned jurisdictions like Iran, resulting in over $898m in trades between US and Iran-based users between January 2019 and May 2022. At one point, according to the DoJ, Zhao told employees it was “better to ask for forgiveness than permission,” while in another instance, a compliance employee wrote in a message, “We need a banner ‘is washing drug money too hard these days - come to binance we got cake for you.’” In a statement on Tuesday, Binance acknowledge making “criminal violations.” “These resolutions acknowledge our company’s responsibility for historical, criminal compliance violations, and allow our company to turn the page on a challenging yet transformative chapter of learning and growth,” the company wrote. “With the compliance and governance enhancements enshrined in our commitments, we can begin to share our vision for Binance’s exciting future and the future of the crypto industry.” The company also emphasised that the resolutions don’t allege Binance misappropriated user funds or engaged in market manipulation. Richard Teng, the company’s former global head of regional markets, will take over as CEO, according to Binance. The massive agreement with federal regulators will also require Binance to accept the appointment of a government monitor to oversee the business and bar Zhao from involvement with the company until three years after the monitor is appointed, according to court records viewed by The New York Times. Notably, the Securities and Exchange Commission was not a part of the Binance agreement. The SEC sued Binance and Zhao in June, alleging that they used companies beneficially owned by Zhao to inflate trading prices and make money off customers, allegedly mixing customer funds with Binance money. “While we take the SEC’s allegations seriously, they should not be the subject of an SEC enforcement action, let alone on an emergency basis. We intend to defend our platform vigorously,” the company responded at the time in a statement. “And, to be clear: any allegations that user assets on the Binance.US platform have ever been at risk are simply wrong, and there is zero justification for the Staff’s action in light of the ample time the Staff has had to conduct their investigation,” the company added in the statement. The massive settlement comes just weeks after FTX founder Sam Bankman-Fried was found guilty in federal court of defrauding customers on his popular cryptocurrency exchange out of billions of dollars. Bankman-Fried’s defence team has vowed to fight the charges.
2023-11-22 10:49
Donald Trump's criminal cases, explained
Donald Trump's criminal cases, explained
Could he still run for president? Why did the adult-film star case move before any of the ones about protecting democracy? How could you possibly find an impartial jury? Here are answers to some of the questions about the indictment of former President Donald Trump.
2023-06-09 23:55
US approves updated COVID vaccines to rev up protection this fall
US approves updated COVID vaccines to rev up protection this fall
U.S. regulators have approved updated COVID-19 vaccines from Pfizer and Moderna, shots aimed at revving up protection this fall and winter
2023-09-12 02:17
‘GMA’ fans swoon over Robin Roberts’ physique as she shares ‘peaceful’ moments from wedding
‘GMA’ fans swoon over Robin Roberts’ physique as she shares ‘peaceful’ moments from wedding
Fans were left in awe of Robin Roberts' physique as she shared a picture from her wedding to Amber Laign
2023-09-16 12:19
Fox News host says she’s ‘turned on’ by Biden’s alleged bad temper
Fox News host says she’s ‘turned on’ by Biden’s alleged bad temper
A Fox News host has claimed that she was “turned on” by reports of Joe Biden’s alleged bad temper and foul mouth. Lisa Kennedy said that she had enjoyed an Axios report that current and former aides were reluctant to meet with the president because of his volatile moods. “Swearing at people, it’s a quirk,” Kennedy said on Monday’s Outnumbered show on the right-wing network. “It kind of turned me on when I heard that the president gets angry and volatile, I’m not gonna lie.” Her stance amused her four co-hosts on the show, which led her to clarify her feelings for the Democratic president. “I’m disappointed by just about every single thing he’s done as president,” she insisted. Mr Biden’s former aides told Axios that they often brought a colleague to meetings to try and blunt the president’s temper. “God dammit, how the f*** don’t you know this?!” He was quoted as yelling on at least one occasion. Another Biden aide said that he also shouted “Don’t f***ing bulls*** me,” at one point and threw another staffer out of a meeting by saying, “Get the f**k out of here.” “There’s no question that the Biden temper is for real. It may not be as volcanic as Bill Clinton’s, but it’s definitely there,” Chris Whipple, author of The Fight of His Life: Inside Joe Biden’s White House, told Axios. Read More Biden privately loses his temper and yells at staffers, report claims Biden blames busy schedule for skipping Nato leadership dinner Why are we so obsessed with world leaders’ heights?
2023-07-12 03:18
A Maryland woman played her lottery numbers for over a year. A simple switch turned her into a $50,000 winner
A Maryland woman played her lottery numbers for over a year. A simple switch turned her into a $50,000 winner
A Maryland woman who'd played the same lottery numbers for a year won big after getting some inspiration from a previous winner, she told lottery officials.
2023-07-01 13:29
Kaia Gerber and Austin Butler move in together amid rumors of 'Elvis' star putting wedding plans on hold
Kaia Gerber and Austin Butler move in together amid rumors of 'Elvis' star putting wedding plans on hold
Kaia Gerber and Austin Butler move in together amid rumors of 'Elvis' star putting career before love
2023-05-26 22:54
Dublin riots – latest: Police give update on stabbing victims as five-year-old girl fighting for her life
Dublin riots – latest: Police give update on stabbing victims as five-year-old girl fighting for her life
Irish police have issued an update on the conditions of the victims of the Dublin school knife attack as a five-year-old girl was left fighting for her life. Garda told The Independent on Saturday afternoon that the girl who was among a number of people stabbed outside Gaelscoil Cholaiste Mhuire primary school in the Irish capital on Thursday remains in critical condition at CHI Temple Street. The six-year-old girl, who was receiving medical treatment for less serious injuries, has now been discharged from hospital, after a boy, aged 5, was previously discharged. The adult woman, a nursery worker aged in her 30s, is in a serious but stable condition in The Mater Hospital. Meanwhile, the adult man, aged in his late 40s, is in a serious but stable condition in a hospital in the Dublin Region. Garda said he remains a “person of interest” in its inquiries as the force continues to investigate the knife attack. It comes as 32 people have been charged over the riots that subsequently broke out across the Irish capital. Leo Varadkar, Ireland’s prime minister, condemned the more than 500 rioters as bringing “shame” on Dublin, Ireland, their families and themselves. Read More Over £280,000 raised for Deliveroo hero who stopped Dublin child knife attack How the Dublin riots began: From flares and fireworks at a crime scene to hundreds-strong mob I lived through the Syrian war – but now I feel unsafe in Dublin Conor McGregor reacts to Dublin riots after declaring Ireland is ‘at war’ Water cannon ‘an available tactic’ for Irish police in Dublin
2023-11-25 22:47
Who is Anthony Dibella? NY man who killed his sister because he thought she was a witch gets 18 years to life in prison
Who is Anthony Dibella? NY man who killed his sister because he thought she was a witch gets 18 years to life in prison
Anthony Dibella, 53, believed that his sister, Wanda Paoli, 67, was a witch and justified the heinous act with his own supernatural faith
2023-09-22 11:45
Who is Dr Grant Robicheaux? Reality TV surgeon and GF Cerissa Riley cleared of sexual assault charges
Who is Dr Grant Robicheaux? Reality TV surgeon and GF Cerissa Riley cleared of sexual assault charges
Judge decided not to proceed with the trial, citing the accusers as incompetent and highlighting inconsistencies in their statements over the years
2023-07-09 15:28
Exclusive-Argentina to use IMF money to pay back part of a currency swap with China -sources
Exclusive-Argentina to use IMF money to pay back part of a currency swap with China -sources
By Jorgelina do Rosario LONDON (Reuters) -Argentina plans to tap a $7.5 billion disbursement from the International Monetary Fund to
2023-08-24 03:52