Fine justified as Durex broke social norms
By ZHANG ZHOUXIANG | China Daily | Updated: 2020-10-16 07:28Durex, a well-known condom brand, is at the center of online discussions over a fine imposed on it for its risqué advertisements.The Shanghai Municipal Administration for Market Regulation fined it 810,000 yuan ($120,500) in December, but the issue became public knowledge via social networking sites only on Thursday. Though some users defended Durex saying that a condom maker has the "license" to "sex up" its advertisements, a close look at what it has done shows the fine it has been slapped with is justified.The content Durex used in...
Citigroup Hit With $400 Million Fine, Enforcement Orders
Investing.com -By Yasin EbrahimInvesting.com - Citigroup fell in after-hours Wednesday after the Federal Reserve Board and the Office of the Comptroller of Currency issued the company with a $400 million penalty and enforcement action over its risk management issues.Citigroup Inc (NYSE:C) was down 1.4% in after-hours trade."We are disappointed that we have fallen short of regulators' expectations... the consent orders will not impact the ability serve our clients in any way," Citi said.The reprimand was related to "deficiencies in enterprise-wide risk management, compliance risk management, da...
JPMorgan Chase agrees to pay $920 million over market manipulation
NEW YORK — JPMorgan Chase, accused of presiding over thousands of episodes of illegal trading in precious metals and Treasury markets, said Tuesday that it will pay about $920 million as part of an agreement with the Justice Department.The Justice Department said JPMorgan employees stationed on desks in New York, London and Singapore engaged in unlawful trading of gold, silver, platinum, and palladium futures contracts, scooping up orders with the intention of canceling them before they were executed.“The conduct of the individuals referenced in today’s resolutions is unacceptable and they are...
New York Daily News
COVID-19: Fine quadrupled for failure to wear face masks in Bahrain
Cairo: Bahrain has increased a fine on failing to wear face masks in public places by four times amid a spike in coronavirus numbers in the country.Interior Minister Rashed bin Abdulla Al Khalifa decreed the mandatory wearing of protective masks in public, industrial and commercial places until further notice, Bahraini newspaper Akhbar Al Khaleej reported.Violations of the decree will be penalised by an on-the-spot fine of BD20. Violators who refuse to pay the fine will be liable to legal action including referral to public prosecution, the report said.Bahrain so far has reported a total of 67...
$50 Fine Introduced For Not Wearing Mask In Miami Beach
Miami (efe-epa).- Miami tightened the fines for restaurants that do not comply with COVID-19 rules, while Miami Beach will fine $50 dollars to those who do not wear masks in public places.The explosion of cases in Florida, which is close to 147,000, and the refusal of Governor Ron DeSantis to make the use of the mask mandatory, prompted local authorities to strengthen measures against the spread of the pandemic.Miami Mayor Francis Suárez decreed an emergency measure that establishes the first violation of the rules on distance and use of masks for 10 days, the second for 15 days and the third ...
Trump Pays $2 Million Fine For Misusing His Charity Foundation
President Donald Trump has paid the $2 million court-ordered fine after he was found to have misused his Trump Foundation charity during the 2016 campaign.“Not only has the Trump Foundation shut down for its misconduct, but the president has been forced to pay $2 million for misusing charitable funds for his own political gain,” New York Attorney General Letitia James said in a statement Tuesday. “Charities are not a means to an end, which is why these damages speak to the president’s abuse of power and represent a victory for not-for-profits that follow the law.”SLIDESHOW: TOP DEMOCRATS RUNNI...
Department Of Justice Seeks $50,000 Fine From Omarosa Manigault Newman, Trump Aide-Turned-Critic, Over Missing Paperwork
The Department of Justice filed a civil lawsuit on Tuesday against Omarosa Manigault Newman, a former Apprentice star who was a close advisor to Donald Trumpfor years, accusing her of not completing a financial disclosure after she was fired from the White House.In a complaint filed in a Washington court this week, the DOJ claimed that Manigault Newman failed to complete the required paperwork after she was fired as communications director for the Office of Public Liaison in 2017, despite multiple emails from the administration reminding her to do so. Such documents are required for every gove...
Fine dining Scandinavian restaurant coming to Singapore
Singapore is getting a new fine dining Scandinavian restaurant from the chef of Sweden's first and only triple Michelin-starred restaurant. Set to open this fall, Zen will open in the space vacated by Restaurant Andre, which for eight years had been one of the hottest dining destinations in the city-state. As reported by Michelin Singapore, chef Bjorn Frantzen is poised to open Zen this fall, bringing gourmet, Nordic cuisine to Singapore's already buzzing gastronomic landscape. If his Stockholm restaurant Frantzen is anything to go by, Zen will highlight Nordic ingredients, with French and Jap...