News That Matters

Tag: accuses

Madoff investigator accuses GE of $38bn fraud

Madoff investigator accuses GE of $38bn fraud

Business
A private financial investigator who flagged warnings about Bernard Madoff's $ 65bn Ponzi scheme is now targeting one of America's blue chip companies.Harry Markopolos claimed that General Electric was hiding an accounting scandal, sending its shares tumbling.In a 175-page report, he accused GE of concealing $ 38.1bn in potential losses and alleged the company's cash situation was far worse than disclosed.GE called it "meritless, misguided and self-serving speculation".His analysis of GE's financial position claims: "The $ 38bn in accounting fraud amounts to over 40% of GE's market capitalization, making it far more serious than either the Enron or WorldCom accounting frauds." The report highlights the conglomerate's exposure to ...
Iran’s ambassador in Britain accuses U.S. of provoking war

Iran’s ambassador in Britain accuses U.S. of provoking war

World
May 14 (UPI) -- Iran's ambassador to Britain accused the United States of dragging Iran "into an unnecessary war" Tuesday, though both U.S. Secretary of State Mike Pompeo and Iranian Supreme Leader Ayatollah Ali Khamenei both said they're not seeking violence. Tensions between the two countries have been ratcheting up in recent weeks after the United States imposed new sanctions on Iran and moved an aircraft carrier strike team, B-52 bombers and a Marine expeditionary unit to the Middle East. Speaking to Sky News on Tuesday, Iranian Ambassador to Britain Hamid Baeidinejad said the U.S. deployments to the Persian Gulf were a "serious miscalculation." "While we have renounced any escalation in the region, I would assure you that Iranian armed forces are fully ready for any eventuality in th...
Joe Biden: Second woman accuses ex-VP of unwanted touching

Joe Biden: Second woman accuses ex-VP of unwanted touching

World
A second woman has accused former US Vice-President Joe Biden of inappropriate touching, as the leading Democrat mulls a White House bid.Amy Lappos said Mr Biden had touched her face with both hands and rubbed noses with her a decade ago.The allegation comes after another women, Lucy Flores, said Mr Biden kissed her on the back of her head at a campaign event.Mr Biden has said he did not believe he has ever acted inappropriately.The former Delaware senator, who served as Barack Obama's vice-president in 2009-17, is seen as a possible frontrunner in the race for the Democratic presidential nomination.What do his accusers say?Ms Lappos, a 43-year-old former aide to a Democratic congressman, said Mr Biden touched her inappropriately...
Spotify accuses Apple of stifling competition with 'unfair' 30% app tax

Spotify accuses Apple of stifling competition with 'unfair' 30% app tax

Technology
By Emily Mee, news reporter Spotify has submitted a formal complaint against Apple to the European Commission, claiming the iPhone maker "deliberately disadvantages" other app developers. In a blog post, Spotify chief executive Daniel Ek said Apple has introduced rules which "purposely limit choice and stifle innovation at the expense of the user experience". Apple, which has its own rival streaming service, takes a 30% cut of purchases on its app store - including upgrades from Spotify's free to premium service.Mr Ek said the fee forces Spotify to either artificially inflate the price of its premium service for customers - pushing it above the price of an Apple Music subscription - or to submit to "technical and experience-limiting restrictions" on the a...
Ukraine accuses Russia of amassing tanks on border

Ukraine accuses Russia of amassing tanks on border

World
The Ukrainian president has said he had evidence that the Russian military tanks are massing along the border. Petro Poroshenko has shown Sky News images of what he claims are tanks lining up along the border, close to where Russia stores its ammunition.He said: "This is the tank base just 18km from our border, this was happening in September, October, and now. Image: Mr Poroshenko says the tanks have been building since September "This is 18km from my border, this is the warehouse where they have their ammunition, we should be prepared to protect my country."If the whole world has no reason to trust Putin, Ukraine definitely doesn't have a reason to go with him."He also used the interview to appeal for help from Weste...