US jury convicts former Mozambican finance minister Manuel Chang in ‘tuna bond’ corruption case

US jury convicts former Mozambican finance minister Manuel Chang in 'tuna bond' corruption case

NEW YORK — Mozambique’s former finance minister Manuel Chang was convicted Thursday in a financial conspiracy case brought before a U.S. court stemming from his country’s “tuna bond” scandal. A federal jury in New York delivered its verdict. Chang was accused of accepting bribes to secretly frame his African country for large loans to government-controlled … Read more

US jury convicts former Mozambican finance minister Manuel Chang in ‘tuna bond’ corruption case

US jury convicts former Mozambican finance minister Manuel Chang in 'tuna bond' corruption case

NEW YORK (AP) — Mozambique’s former finance minister, Manuel Chang, was convicted Thursday in a financial conspiracy case brought in a U.S. court stemming from his country’s “tuna bond” scandal. A federal jury in New York delivered its verdict. Chang was accused of accepting bribes to secretly frame his African country for large loans to … Read more

Economist presents bipartisan plan to avert financial crisis by stabilizing America’s rising national debt

Economist presents bipartisan plan to avert financial crisis by stabilizing America's rising national debt

The Manhattan Institute’s Brian Riedl discusses his bipartisan blueprint for stabilizing the national debt to prevent a future debt crisis. Americas the national debt is $35 trillion For the first time late last month, and with large budget deficits set to push the national debt to astronomical heights in the coming decades, an economist has … Read more

Paramount reports first-quarter streaming gains, plans 15% layoffs, takes $6 billion hit on cable operations

Paramount reports first-quarter streaming gains, plans 15% layoffs, takes $6 billion hit on cable operations

Paramount Global (PARA) reported its first profit in its streaming division on Thursday, while its linear TV division reported a bigger-than-expected slowdown as the company took a nearly $6 billion writedown on its cable division. During a conference call, the company also announced plans to lay off 15% of its U.S. workforce. The layoffs will … Read more

Paramount reports first-quarter streaming gains, plans 15% layoffs, takes $6 billion hit on cable operations

Paramount reports first-quarter streaming gains, plans 15% layoffs, takes $6 billion hit on cable operations

Paramount Global (PARA) reported its first profit in its streaming division on Thursday, while its linear TV division reported a bigger-than-expected slowdown as the company took a nearly $6 billion writedown on its cable division. During a conference call, the company also announced plans to lay off 15% of its U.S. workforce. The layoffs will … Read more

Paramount Global posts $6 billion writedown, announces layoffs

Paramount Global posts $6 billion writedown, announces layoffs

Paramount Global said Thursday it has taken a $6 billion writedown of its cable television network division, in another sign that Hollywood is reckoning with the traditional television industry’s continued decline. Executives also announced a new round of layoffs to reduce Paramount’s workforce by 15%. The revelations, part of Paramount’s second-quarter earnings report, come as … Read more

Paramount Global posts $6 billion writedown, announces layoffs

Paramount Global posts $6 billion writedown, announces layoffs

Paramount Global said Thursday it has taken a $6 billion writedown of its cable television network division, in another sign that Hollywood is reckoning with the traditional television industry’s continued decline. Executives also announced a new round of layoffs to reduce Paramount’s workforce by 15%. The revelations, part of Paramount’s second-quarter earnings report, come as … Read more

American chose Spain for a better life, but regrets not moving sooner

American chose Spain for a better life, but regrets not moving sooner

This essay is based on a conversation with Cepee Tabibiana 44-year-old from Houston who moved to Spain in 2015 and later She pressed Refresha company that helps women move to Europe. The conversation has been edited for length and clarity. I’m originally from Texas. I lived in Houston during college until I was 26, and … Read more

Business as usual for Spencer Lee en route to title fight at the 2024 Olympics

Business as usual for Spencer Lee en route to title fight at the 2024 Olympics

PARIS — Spencer Lee brushed aside Olympic nerves Thursday by speaking in French with tournament officials just before taking to the mat at the Champ de Mars Arena. He told himself he was competing in “the biggest tournament” of his life, not because he was competing for the top prize in international wrestling, but because … Read more