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Tag: issues

U.S. Army issues full-material release for new M17, M18 handguns

U.S. Army issues full-material release for new M17, M18 handguns

Business
July 10 (UPI) -- The new M17 and M18 handguns of Sig Sauer Inc. received full-material release notification from the U.S. Army, the company said, the final stamp of approval for military use. "Full-material release is a significant milestone for the MHS [Modular Handgun System] program and is the official determination that the U.S. Army has rigorously tested and evaluated the M17 and M18 handguns, and associated ammunition, to determine it as safe for use when operated within its stated parameters," a statement from the New Hampshire-based company said on Tuesday. The official approval came from the U.S. Army's Pitcatinny Arsenal in Rockaway Township, N.J. The U.S. Marine Corps adopted the new standard-issue pistol in June, a change in armament for the first time in 30 years. The M18 wi...
Indonesia issues tsunami warning after magnitude 6.9 earthquake

Indonesia issues tsunami warning after magnitude 6.9 earthquake

World
July 7 (UPI) -- The Indonesian Geophysics Agency issued a tsunami warning that later expired in the wake of an earthquake that struck off the country's eastern coast Sunday. The magnitude 6.9 quake struck in the Molucca Sea between North Sulawesi and North Maluku at 11:08 p.m. local time, according to the U.S. Geological Survey. The depth was 22.5 miles below the surface. Indonesian media reported that the effects of the earthquake were felt in the city of Manando and the surrounding areas. There were no immediate reports of injuries, deaths or damage. Sunday also saw contunued seismic activity in California, after the U.S. state was struck by a magnitude 6.4 earthquake on Thursday, followed by a magnitude 7.1 quake on Friday. Geophysicist John Bellini told CNN that more than 4,700 quake...
FCA issues £45.5m fine over HBOS Reading fraud scandal

FCA issues £45.5m fine over HBOS Reading fraud scandal

Business
By James Sillars, business reporter Bank of Scotland (BoS) has been fined £45.5m by the City regulator for failures to disclose suspicions of fraud at its scandal-hit Reading branch.The Financial Conduct Authority (FCA) said the bank first identified suspicious conduct in the Impaired Asset Team (IAT), based in the Berkshire town, in early 2007. It said that it was not until July 2009 that regulators were provided with full disclosure.Six people were jailed in 2017 in connection with the fraud, including two former HBOS managers. Image: Former Deal or No Deal TV host Edmonds allegedly fell victim to the fraud by former staff at HBOS Reading The £245m scam saw bank manager Lynden Scourfield approve
Mexico City issues emergency alert as wildfire smoke fills air

Mexico City issues emergency alert as wildfire smoke fills air

World
May 14 (UPI) -- Mexico City's environmental officials issued an emergency alert Tuesday as nearly two dozen fires worsened poor air quality in the region. The Environmental Commission of the Megalopolis urged residents to avoid outdoor activities, and infants, the elderly and those with respiratory illnesses to stay indoors entirely. The city's IMECA air quality index increased from 144 to 158. The index includes five levels on a scale from zero to more than 200. Zero to 50 is "good," 51 to 100 is "regular," 101 to 150 is "bad," 151 to 200 is "very bad" and more than 200 is "extremely bad." Firefighters are attempting to contain the wildfires, but to help reduce pollution in the city, officials asked residents to reduce emissions from vehicle use and notify authorities of any activities t...
NCLT issues notices to Axis, StanC, Ramesh Bawa kin

NCLT issues notices to Axis, StanC, Ramesh Bawa kin

Finance
MUMBAI: A Mumbai bench of the National Company Law Tribunal (NCLT) has issued notices to the CEOs of Axis Bank and Standard Chartered Bank on a plea by the Ministry of Corporate Affairs (MCA) after it was found that former IL&FS executive Ramesh Bawa had transferred Rs 1.14 crore from his bank accounts to the accounts of his wife and daughter despite the court ordering the freezing of his accounts. Investigations by the MCA showed that Rs 1.14 crore were was transferred from Ramesh Bawa’s account to the accounts of his wife Asha Kiran and daughter Akansha after the court had ordered the freezing of his accounts on December 3. Besides the withdrawal of money the lockers in the name of Bawa were also opened in Axis and Standard Chartered Bank, some as late as March 27 2019. “It is clear