A Malaysia court has convicted former prime minister Najib Razak for abuse of power and money laundering, in his second major trial for a multi-billion-dollar state funds scandal. Najib, 72, was accused of misappropriating nearly 2.3 billion Malaysian ringgit ($569m; £422m) from the nation’s sovereign wealth fund 1Malaysia Development Berhad (1MDB). On Friday afternoon a […]
Tag: Money
Isas, cars and pensions – how the Budget affects you and your money
Kevin PeacheyCost of living correspondent Getty Images Chancellor Rachel Reeves has announced her Budget, but details were published early by the official forecaster. Here are the key measures and how they will affect you and your money. You may pay more tax The amount of income at which you pay different rates of income tax […]
FEMA promised funds to tsunami-proof an Oregon hospital. That money is MIA : NPR
Erik Thorsen, CEO of Columbia Memorial Hospital in Astoria, Ore., stands on the hospital roof overlooking the construction. The project, designed to fortify the building in the event of an earthquake and provide shelter during a tsunami, is proceeding — even without funds promised from the federal government. Jay Fram for NPR hide caption toggle […]
America’s immigration crackdown is disrupting the global remittance market : Planet Money : NPR
Earlier this year, the Trump administration shut down USAID and slashed spending on international aid and development. Development advocates worried — and continue to worry — that this will hurt the economies of developing nations and have deadly consequences for some of the poorest people on Earth. That story generated tons of headlines earlier this […]