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Deutsche Bank busted in money-laundering scheme case

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Prosectors in Frankfurt have dropped their investigation into two Deutsche Bank employees who were accused of aiding tax evasion schemes in the Virgin Islands, due to “lack of suspicion.” The institution has instead been fined for compliance lapses.

“With the closure of these proceedings it is clear that the prosecutors have not found any instances of criminal misconduct on the part of Deutsche Bank employees following the raid of our Frankfurt office in November 2018,” Deutsche Bank spokesman Joerg Eigendorf said in a statement.

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“The investigation that has now been closed due to lack of sufficient suspicion had a heavy impact on Deutsche Bank last year,” he added. “It is true that the bank had weaknesses in its control environment in the past. We identified these weaknesses and we have addressed them in a disciplined manner.”

Read the full report over at Reuters.


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GOP’s use of Kanye West to help Trump has been a spectacular flop: CNN host

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On CNN Saturday, Michael Smerconish examined rapper Kanye West's presidential campaign — and how the GOP efforts to boost it to siphon voters from former Vice President Joe Biden don't appear to be working.

"Is Kanye West serious about running for president or is it all part of a dark twisted fantasy?" said Smerconish. "NPR has documented how several operatives, some with Trump ties, are actively helping the superstar get on general election ballots in various states. Kanye West officially on the ballot in Vermont, Colorado, Oklahoma, and Arkansas, and has filed recently in Ohio, Wisconsin, and Iowa. Jared Kushner met privately with West in Colorado, where the two par took in a friendly conversation ... the RNC and Trump has denied involvement in West's campaign. but the president isn't exactly discouraging the competition."

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Greenland’s ice sheet has melted past the point of no return

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Greenland's ice sheet may have shrunk past the point of return, with the ice likely to melt away no matter how quickly the world reduces climate-warming emissions, new research suggests.

Scientists studied data on 234 glaciers across the Arctic territory spanning 34 years through 2018 and found that annual snowfall was no longer enough to replenish glaciers of the snow and ice being lost to summertime melting.

That melting is already causing global seas to rise about a millimeter on average per year. If all of Greenland's ice goes, the water released would push sea levels up by an average of 6 meters -- enough to swamp many coastal cities around the world. This process, however, would take decades.

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Trump targets TikTok again with new executive order

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US President Donald Trump late Friday lashed out anew at ByteDance, issuing a fresh executive order stating the Chinese internet giant must sell its interest in the Musical.ly app it bought and merged with TikTok.

The order builds on sweeping restrictions issued last week by Trump that TikTok and WeChat end all operations in the US, his latest explosive moves aimed at countering China's rising global power.

ByteDance bought karaoke video app Musical.y from a Chinese rival about three years ago in a deal valued at nearly a billion dollars. It was incorporated into TikTok, which became a global sensation.

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