Corruption Currents: Former South Korean Leader Refuses Questions
Former South Korean president Lee Myung-bak refused to take questions from prosecutors who detained him last week on allegations of bribery.
Former South Korean president Lee Myung-bak refused to take questions from prosecutors who detained him last week on allegations of bribery.
Drugmakers Biogen Inc., and AbbVie Inc. said they would pull their new multiple-sclerosis treatment Zinbryta from all global markets earlier this month after several European patients suffered serious inflammatory brain disorders.
Switzerland made significant progress against foreign bribery since the Organization for Economic Cooperation and Development last evaluated the country in 2011, the group said Tuesday.
A provision in the latest U.S. government spending bill bars the U.S. Securities and Exchange Commission from mandating corporate disclosure of political spending but it won't stop the trend of increased transparency around the issue, said two advocates for more transparent corporate governance.
Canadian gold-mining firm Kinross Gold Corp. settled with U.S. authorities over a probe into potential violations of the Foreign Corrupt Practices Act in its West African mining operations.
Crisis management leaders said they’re perplexed as to why it took Facebook Inc. Chief Executive Mark Zuckerberg so long to address how third parties such as Cambridge Analytics acquire and use data of Facebook users and their connections. However, the slowness of the company's response offers a lesson to other companies facing crisis events.
Israeli police questioned Prime Minister Benjamin Netanyahu over over his alleged dealings with the country’s largest telecommunication company.
U.S. authorities filed criminal charges and imposed sanctions in a state-sponsored hacking case, accusing the Iranian government of outsourcing a cyberattack. The U.S. says Iran hired a company to steal data from universities, government agencies and companies in the U.S. and abroad.
The principal counter-terrorism office at the U.S. Treasury Department received half of its requested 30% budget increase in the omnibus spending law signed Friday by President Donald Trump.
Poland hasn't implemented needed anti-bribery reforms since the Organization for Economic Cooperation and Development recommended them nearly five years ago, the group said Thursday.
The U.K. Serious Fraud Office said Thursday it's set to recover $6 million (4.4 million pounds) from a corruption case involving a Canadian firm that admitted bribing Chadian diplomats.
A survey of around 9,500 executives in 122 countries found 44% said they lack an overall information security strategy, 47% don't mandate employee training on privacy policies and 49% don't have an accurate inventory of personal data in their company's possession.
Maltese authorities took control over a bank after its chairman was arrested in the U.S. on charges of sanctions breaches and money laundering.
The U.K government may target shell companies based in Scotland as a way to crack down on dirty Russian money flowing into the U.K.
The prospect of a deepening U.S.-China trade conflict has Japan, Australia and other Asia-Pacific nations worried about getting caught in the crossfire—even if some of them have sympathy for President Donald Trump’s criticism of China.
As U.S. lawmakers seeking to revamp America’s immigration system praise Canada’s merit-based approach, some employers and economists there say it yields few workers to fill blue-collar or lower-skilled vacancies.
Facebook Chief Executive Mark Zuckerberg expects he will have to testify at U.S. congressional hearings, though he hasn’t formally accepted any of the committee requests for him to appear.
A federal appeals court revived Oracle’s copyright infringement claims against Google, in a ruling that could give fresh muscle to leading software makers but hamper upstarts developing new apps for computers and smartphones.
German lender Deutsche Bank’s chairman has reached out to potential external candidates for chief executive of the bank, gauging interest in replacing John Cryan after months of clashes, according to people briefed on the discussions.
Banks can expect to see a surge in relief from postcrisis rules after the final Trump-appointed leader is seated at the nation’s banking regulators later this spring.
American International Group paid $67.3 million to its chief executive officers in 2017, with part of the payment going to a man who resigned under pressure early in the year and another portion to attract his successor.
Japan’s prime minister didn’t order officials to alter documents in a sale of government land, a former Ministry of Finance official said, backing Shinzo Abe’s statements about a scandal that has hurt him politically.
Canada’s government said it would bring in new rules to prevent diversion and transshipping of steel and aluminum.
Employees describe a corporate culture where supervisors looked the other way and complaining was futile. “Don’t try to make this into anything.”
After the fatal crash a week ago in which an Uber test car in autonomous mode struck and killed a pedestrian, community leaders in Arizona are grappling with tough questions about technology that many still see as exciting and promising, but also potentially dangerous.
Nvidia Corp., which has made a broad push to bring its computing platform into self-driving cars, said it will temporarily halt testing of its driverless technology on public roads following the fatal crash of an Uber Technologies Inc. autonomous vehicle.
A brawl between the U.S. government and Huawei is putting America’s rural internet providers in a bind. Many of them rely on Chinese telecom equipment, which faces potential new restrictions from the FCC and Congress.
Southeastern Grocers, owner of the Bi-Lo and Winn-Dixie supermarket chains, filed for chapter 11 bankruptcy in a reorganization that will hand ownership to its creditors and reduce its debt by about $500 million.
Shares of Tesla Inc. fell more than 8% on Tuesday, extending a rout in one of the hottest stocks in recent years.
The Trump administration’s decision to temporarily exempt several countries from new tariffs provides relief to some of the largest customers of imported steel: companies that import semi-finished steel slabs into the U.S.
American investment banks in London have some of the biggest gender pay gaps in the country, reflecting long-established cultures of men dominating top trading and advisory roles.
A judge has approved Brookfield Business Partners LP’s $4.6 billion acquisition of Westinghouse Electric Co., setting up the company’s exit from bankruptcy under new ownership.
The software that now runs everything from speedometers to climate controls can prove buggy, causing car buyers to rethink just how modern they want their cars to be.
White House attorneys are examining whether two loans totaling more than $500 million to Jared Kushner’s family business may have violated any criminal laws or federal ethics regulations, according to a letter from a federal ethics agency.
The U.S. granted South Korea a permanent exemption to new steel tariffs in return for trade concessions, giving the Trump administration a limited victory and putting the spotlight on what the U.S. got in the bargain.
The average banker bonus in New York City was $184,220 last year, the biggest annual haul for Wall Street employees since before the financial crisis.
Arizona Gov. Doug Ducey ordered Uber to suspend testing autonomous vehicles on public roadways in the state, a blow to the company’s development efforts after one of its self-driving cars struck and killed a pedestrian in Tempe.
That U.S. officials went after a bank in a fellow NATO country shows the scale of the threat it perceives from this corner of the European Union. ABLV, which flourished under weak European oversight, allowed entities from Russia, Ukraine and North Korea to funnel illicit funds, U.S. officials say.
The board of Japanese tech giant SoftBank has begun an investigation into who was behind a shareholder campaign that sought the ouster of two of its executives—and whether that effort had any connections to current company insiders.
Florida Gov. Rick Scott signed two bills setting climate requirements for elder-care facilities after a dozen patients died because their nursing home lost central air conditioning during last year’s Hurricane Irma.
William Strampel, the former dean of Michigan State University’s College of Osteopathic Medicine and longtime boss of convicted sexual abuser Larry Nassar, is set to be charged Tuesday with counts including criminal sexual conduct and neglect of duty, according to court filings.
USG rejected a buyout offer from Germany’s Knauf, saying the $42-a-share proposal “substantially undervalues” the building-materials company, but analysts say a deal could get done at a higher price.
Republican fundraiser Elliott Broidy sued Qatar, accusing it of trying to discredit him by stealing and leaking emails that detailed his contacts with the Trump administration and Middle East rival the United Arab Emirates.
The pilot of a helicopter that crashed in New York’s East River earlier this month told investigators that he spotted a portion of a passenger’s harness underneath a fuel-cutoff switch shortly before the accident that killed all five passengers.
China and the U.S. have quietly started negotiating to improve U.S. access to Chinese markets, after a week filled with harsh words from both sides over Washington’s threat to use tariffs to address trade imbalances, people with knowledge of the matter said.
The U.S. and South Korea agreed to amend their free-trade deal to address American concerns about a growing deficit and resolve friction over tariffs on South Korean steel.
Risk management, strategy and analysis written and compiled by Deloitte
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