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Cryptocurrencies have no value: Bernanke

Stockholm, Sweden | Xinhua | Cryptocurrencies have no value whatsoever and thus cannot shake the financial system, Ben Bernanke, winner of this year’s Nobel Prize in economics, was quoted by the Swedish Daily Dagens Nyheter (DN) as saying on Wednesday. Dismissing the crash for cryptocurrencies, Bernanke said that “I believe that …

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EU new sanctions target Russia’s armed forces, drone supply

Brussels, Belgium | Xinhua | The European Commission on Wednesday proposed the ninth package of sanctions against Russia that will include almost 200 individuals and entities and cut Russia’s access to drones. European Commission President Ursula von der Leyen said in a statement that the eight packages of sanctions introduced so …

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Trump Organization found guilty in tax fraud case

Washington, U.S. | Xinhua | A jury in New York City found on Tuesday former President Donald Trump’s namesake real estate company guilty of criminal tax fraud. The jury found the two entities of the Trump Organization guilty as charged on all counts, including scheme to defraud, conspiracy, criminal tax fraud, …

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Argentine VP sentenced to 6 years in jail for corruption

Buenos Aires, Argentina | Xinhua | Argentine Vice President Cristina Fernandez de Kirchner has been sentenced to six years in jail for corruption and a lifetime ban from holding public office. An Argentine court on Tuesday convicted her of “fraudulent administration” over irregular public works contracts awarded during her two-term presidency …

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ITA concludes sample re-analysis for London 2012 Olympics

Lausanne, Switzerland | Xinhua | The International Testing Agency (ITA) announced Monday the finalization of the re-analysis of samples from the Olympic Games London 2012, which resulted in 73 anti-doping rule violations. As a result of the program, 31 medals of the London 2012 were withdrawn and 46 medals in …

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