The company paid US$26m (£23m) through agents and employees to oil company officials in Nigeria, Cameroon and Ivory Coast between 2011 and 2016. Prosecutors said employees and agents of Glencore Energy UK used private jets to transfer money to pay the bribes. Glencore Energy UK pleaded guilty to seven corruption offences in June. She was …
Glencore ordered to pay millions over Africa oil bribes Read More »
The Federal Reserve announced it would raise interest rates by 0.75 percentage points, the highest rate since the start of 2008. The bank hopes the increased cost of borrowing will cool the economy and reduce price inflation. But critics fear the moves could trigger a serious downturn. The latest hike takes the bank’s key rate …
The Fed hikes US interest rates to fresh 14-year high Read More »
Two of America`s largest pharmacies have agreed to pay extra than $10bn to clear up heaps of complaints over their roles withinside the US opioid disaster. The proposed offers with CVS and Walgreens mark the ultra-modern bankruptcy of a protracted felony saga, wherein companies have confronted claims they helped power the abuse of addictive painkillers. …
CVS and Walgreens agree to pay $10bn to settle opioids lawsuits Read More »