Mar 5, 2015

World Press Photo award withdrawn after controversy

World Press Photo withdrew one of its leading global awards for photojournalism on Wednesday after a controversy over standards that focused on allegations about the ethics of an Italian prizewinner. The Amsterdam-based organization said in a statement that Giovanni Troilo had been disqualified because ...

Mar 5, 2015

TV celeb Rola's dad gets suspended term for insurance fraud

The Tokyo District Court on Thursday sentenced the father of television personality Rola to two years and six months in prison, suspended for four years, for swindling the national medical and insurance system out of ¥1.67 million ($14,000). In handing down the ruling on ...

Feb 28, 2015

Japanese ex-broker in Olympus fraud scandal settles with SEC

The U.S. Securities and Exchange Commission said it has reached a settlement with a former Japanese stockbroker over his role in the massive accounting fraud at Olympus Corp. Hajime Sagawa, a former employee of a major Japanese securities company and now a U.S. resident, ...

Swiss raid HSBC in money laundering probe

Feb 19, 2015

Swiss raid HSBC in money laundering probe

Swiss authorities on Wednesday raided British banking giant HSBC’s Swiss unit as part of a money laundering probe into the bank, which has been accused of helping clients to dodge millions of dollars in taxes. The investigation comes just days after HSBC Switzerland became ...

Feb 16, 2015

Britain's HSBC apologizes over past standards at Swiss bank

HSBC apologized to customers and investors on Sunday for past practices at its Swiss private bank after allegations that it helped hundreds of wealthy clients dodge taxes. Europe’s largest bank said in full-page advertisements in British newspapers that recent media coverage that focused on ...

Feb 15, 2015

Chinese patients turn to black market for blood

China’s rising demand for health care is exposing a chronic shortage of an essential commodity: blood. With hospital blood supplies tight, desperate patients are turning to agents known as “blood heads,” who sell certificates that give patients access to state blood banks, creating a ...

Obama urges Xi to help end conflicts over cybersecurity

Feb 11, 2015

Obama urges Xi to help end conflicts over cybersecurity

President Barack Obama in a phone call with Chinese President Xi Jinping on Tuesday called for “swift work” to narrow the countries’ differences over cybersecurity issues, the White House said. The world’s two biggest economies have been trying to ease tensions amid mutual accusations ...