Diplomat tapped as Latvia’s new foreign minister as incumbent quits following flights scandal

[ad_1] HELSINKI — The head of Latvia’s government tapped an experienced diplomat to become the Baltic nation’s new foreign minister after the incumbent stepped down earlier this week amid a criminal probe over alleged misuse of government funds. The ruling center-right New Unity party decided to back the nomination of Baiba Braže, 57, who is … Read more

Bitcoin bounces to an all-time high after FTX scandal plagued crypto

[ad_1] NEW YORK — NEW YORK (AP) — Bitcoin has hit an all-time high less than two years after the collapse of the crypto exchange FTX severely damaged faith in digital currencies and sent prices plunging. The world’s largest cryptocurrency briefly surpassed $68,800 Tuesday, according to CoinMarketCap. That’s just above bitcoin’s previous record set back … Read more

Corruption scandals cast a shadow over Portugal’s early general election and may favor populists

[ad_1] LISBON, Portugal — The official two-week campaign period before Portugal’s early general election began on Sunday, with the country’s two moderate mainstream parties once again expected to collect the most votes but with the expected rise of a populist party potentially adding momentum to Europe’s drift to the right. The center-left Socialist Party and … Read more

US eases restrictions on Wells Fargo after years of strict oversight following scandal

[ad_1] NEW YORK — The Biden administration eased some of the restrictions on banking giant Wells Fargo, saying the bank has sufficiently fixed its toxic culture after years of scandals. The news sent Wells Fargo’s stock up sharply Thursday as investors speculated that the bank, which has been kept under a tight leash by regulators … Read more