Business

U.S. takes down global cyber crime ring that looted over $530 million

David Rybicki, deputy assistant attorney general of DoJ's Criminal Division said the forum coordinated a variety of criminal acts online including "identity theft, bank fraud, wire fraud, and computer crimes". To ensure the quality and reliability of goods and services advertised, Infraud also maintained a member screening process and a means for members to rate others.

Business

Jerome Powell Takes Oath as Fed Chief

It also plays a vital role in ensuring stability of financial system and integrity of payment system. The Fed board signed off on the consent order by a 3-0 vote, with Powell supporting the move. The President Donald Trump chose not to extend Yellen term and instead turned to Powell, who is widely believed to continue on the Fed's current path.

Business

Nagaland elections: With a day left for nomination, 22 candidates file papers

The Bharatiya Janata Party has made a decision to forge an alliance with newly floated Nationalist Democratic People's Party led by former chief minister Neiphiu Rio for the February 27 assembly polls in Nagaland. "We did not authorise any party leader to sign an agreement". State JD (U) president Senchumo NSN Lotha and its election campaign committee chairman Y M Humtsoe alleged that there was hardly any governance in the last five years under DAN rule as it was marred by constant ...

Business

BP's profits surge in 2017 with brighter future forecast

Full-year production rose 12% to 2.47 million barrels per day (bpd) after BP launched 7 new oil and gas fields in 2017, a record year. But as its earnings from its downstream productions increased by 24% and it delivered on seven major new projects, the FTSE 100 company was able to show a change in momentum on release of its annual results.

Business

USA trade deficit jumps amid surging imports

President Trump wants to reduce the trade deficit between the USA and China and Mexico, arguing that his "America First" trade policies, coupled with full employment and the massive tax cuts that went into effect in January will give the country equal footing with the rest of the world.

Business

Trump tweets memo 'totally vindicates' him in Russian Federation probe

Devin Nunes (R-Calif.) and his staff. Although the document makes a narrow case about the specific practices involving Page, Trump and his supporters also say it suggests a "systemic" pattern of abuse. Asked in the Oval Office on Friday if he still had confidence in Rosenstein, Trump said: "You figure that one out". Specifically it alleges that FBI investigators used the so-called Steele Dossier - opposition research financed first by Republican and then by Democratic opponents of ...


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