Keyword Search: Loom
1 Article
Source: DW

Mass starvation looms quietly as civil war in Yemen rages

Today 18:10 GMT

The Houthis control large swaths of northern Yemen, Sanaa, and the country's important port city of Hodeida, through which much aid and many food deliveries reach Yemen.

She has been working in Yemen for over a year now, but ever since one of her colleagues was shot in April, she has not been allowed to walk around the capital city, Sanaa. Her local colleagues have told her that "the cost of rice, beans, eggs and cooking oil has risen tremendously."

1 Article
Source: The Week

Sears: American tragedy or creative destruction?

Today 04:14 GMT

Sears' true cause of death was that ruthless, but essential, process called "creative destruction," said Joe Nocera at Bloomberg. Yes, "it's hard to envision anyone doing a worse job running Sears than Lampert," but its end was ordained long before he arrived.

The smartest insight and analysis, from all perspectives, rounded up from around the web:. "Shriveled and sickly," the once mighty Sears "limped into bankruptcy" this week, said Suzanne Kapner at The Wall Street Journal.

1 Article
Source: Common Domain

Corruption Currents: Indonesian Authorities Raid Conglomerate Amid Bribery Probe

Saturday 10:50 GMT

Indonesian authorities raided the offices of conglomerate Lippo Group as they widened an investigation into bribery associated with a $21 billion real estate project outside of Jakarta.

(RFE/RL, RAPSI). A jury heard closing arguments in a corruption trial tied to a bribery scandal in NCAA men's basketball. (Tempo, Reuters, AS, FT, SCMP). Authorities in Moscow detained a former deputy prime minister in Crimea for allegedly taking bribes.

1 Article
Source: Common Domain

Corruption Currents: Nordea Says It’s Aware of Money-Laundering Allegation

Friday 11:47 GMT

(press release). The Nordic region's largest bank, Nordea, said it is aware of allegations from hedge fund Hermitage Capital Management that it violated anti-money-laundering rules, and that it had reported suspicious transactions to authorities.

(Guardian, Guardian, Guardian, Forbes). Pakistan postponed hearings until November in a money-laundering case involving a former president.

1 Article
Source: Fox News

Apple's Tim Cook demands Chinese spy chip story to be retracted by Bloomberg

Saturday 18:11 GMT

Apple CEO Tim Cook has upped the ante in its denial of an investigative report claiming a Chinese spy chip was embedded into the tech giant's servers, telling BuzzFeed News that Bloomberg must retract the story--"This did not happen. There's no truth to this.". "I was involved in our response to this story from the beginning," Cook said according to Buzzfeed.

Bloomberg Businessweek in its October story alleged that data center hardware used by Apple and Amazon Web Services, provided by server company Super Micro, was under surveillance by the Chinese government.

“Four hostile newspapers are more to be feared than a thousand bayonets...” ― Napoléon Bonaparte