Tallinn estonia

NEW YORK: A U.S. judge on Monday dismissed a lawsuit accusing Denmark's Danske Bank A/S and four former top executives of defrauding shareholders by hiding and failing to stop widespread money laundering at its former Estonian branch. U.S. District Judge Valerie Caproni in Manhattan said shareholders in the proposed class action failed to sufficiently plead that the bank improperly reported revenue derived from money laundering or downplayed its supervision failures. She also said the plaintiffs, led by four pension funds in New York and Massachusetts, failed to show that Danske acted recklessly or with conscious disregard that its statements were false and misleading. "They allege in a conclusory way that defendants and employees of (Danske) received reports contradicting public statements, and fail to connect any of those reports to specific representations by specific persons," Caproni wrote. The plaintiffs had sought damages for investors who lost money in Danske's … [Read more...] about US judge dismisses lawsuit against Danske Bank over money laundering scandal

Cameron hosted the last NATO summit , in Newport, South Wales in September 2014, when he announced that — as part of the UK's commitment to spend 2 percent of GDP on defense — Britain would buy a fleet of new armored vehicles, the new F-35B Joint Strike Fighter, a new air-to-air refueling fleet and would go ahead with commissioning its second new aircraft carrier. He declared: "They are an investment in British security, in British prosperity and our place in the world, transforming our ability to project power globally whether independently or with our allies." ​​Having shared the stage with US President Obama, he was at the top of his political game, looking all the way a global leader of a major player within NATO. Two years on, as he attends the Warsaw summit, his figure — and that of his country — is diminished. NATO SG Stoltenberg at #WSEF16 — Brexit will change the UK's relations with the EU, but it will not change the UK's leading role in NATO — Brian … [Read more...] about Cameron and UK Diminished as NATO Ponders Brexit Fallout

BRUSSELS: The European Union aims to impose economic sanctions on 31 senior Belarus officials including the country's interior minister by mid-September, three EU diplomats said, in response to an Aug 9 election that has been said to be rigged. Almost a month into mass demonstrations against the outcome of the contest, in which President Alexander Lukashenko claimed victory to prolong his 26-year-old rule, the EU aims to punish the government crackdown and support calls for fresh elections. "We initially agreed on 14 names but many states felt that was not sufficient. We have now reached consensus on another 17," one EU diplomat said. "These are senior officials responsible for the election, for violence and for the crackdown." EU foreign ministers gave their broad political approval for the sanctions - EU travel bans and asset freezes - at a meeting in Berlin late last month but did not decide who to target. READ: 'Unprecedented' Belarus protest movement faces uphill battle … [Read more...] about EU to blacklist 31 Belarus senior officials over election: Diplomats

NEW YORK: American Shelby Rogers ousted sixth seed Petra Kvitova in the fourth round of the US Open on Sunday (Sep 6), winning 7-6(5) 3-6 7-6(6) in one of the most tightly-contested matches of the tournament so far. Rogers saved four match points in a strong defensive effort that saw her commit a dozen fewer unforced errors than her opponent, as the twice Wimbledon champion struggled with her serve and committed seven double faults, including one late in the third-set tiebreak. The 27-year-old flipped her racket, pumped her hands and screamed as she booked her first-ever US Open quarter-final berth inside Louis Armstrong Stadium. Rogers, who lost in the semi-finals at Lexington last month, will next face either fourth seed Naomi Osaka of Japan or Estonia's Anett Kontaveit. … [Read more...] about Tennis: Rogers upsets sixth seed Kvitova in US Open fourth round

NEW YORK: Highlights of the fourth day at the U.S. Open in New York on Thursday. The Grand Slam is being played without spectators due to the COVID-19 pandemic. (Times ET; GMT-4): 1307 ANISIMOVA WINS BATTLE OF AMERICAN TEENS Amanda Anisimova, 19, fought back from a set down against 16-year-old Katrina Scott to advance to the third round with a 4-6 6-4 6-1 victory over her fellow American. Scott, making her Grand Slam debut, raced into a one-set lead on the back of her booming serve before Anisimova took control at 4-4 in the second set. The 22nd seed will next face Greek 15th seed Maria Sakkari. 1235 MUGURUZA UPSET BY UNSEEDED PIRONKOVA IN STRAIGHT SETS Spain's 10th seed Garbine Muguruza was knocked out 7-5 6-3 by unranked Bulgarian Tsvetana Pironkova in the second round. Playing in her first tournament in over three years following a maternity break, Pironkova won an overwhelming 93per cent of her first serve points, breaking the twice Grand Slam champion three times. … [Read more...] about Highlights: US Open day four