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China fines Alibaba $2.8B fine for violating anti-monopoly law

China fines Alibaba $2.8B fine for violating anti-monopoly law

Business
April 10 (UPI) -- Chinese regulators have imposed a record $ 2.8 billion fine on Alibaba for violating anti-trust laws. The fine stems from an anti-monopoly investigation of China's Alibaba Group Holding, known as the world's largest e-commerce company and owner of the South China Morning Post, opened in December. Regulators said in a statement at the time they were looking into practice of limiting Internet merchants to exclusively choose a single platform to sell their wares, South China Morning Post reported. Advertisement China's State Administration for Market Regulation said in a Chinese-language statement Saturday the policy of forcing merchants to choose a single platform from two "infringes on the businesses of merchants on the platforms and the legitimate rights and interests of...
RBI imposes Rs 22 lakh fine on DCB Bank for violating marketing norms

RBI imposes Rs 22 lakh fine on DCB Bank for violating marketing norms

Finance
New Delhi: Private sector lender DCB Bank on Thursday said RBI has imposed a fine of Rs 22 lakh on the bank for violating marketing norms for financial products. The Reserve Bank imposed the penalty by an order dated October 28, DCB Bank said in a BSE filing. "The RBI has...imposed a monetary penalty of Rs 22 lakh on DCB Bank for non-compliance with certain provisions of directions issued by RBI contained in the circular on 'Marketing/distribution of mutual fund/insurance etc., products by banks' dated November 16, 2009," the RBI order attached with the filing said. The central bank said the penalty has been imposed in exercise of powers vested in RBI under the Banking Regulation Act, 1949. "This action is based on the deficiencies in regulatory compliance and is not intended to pronounc...
Azerbaijan, Armenia trade accusations of violating new cease-fire

Azerbaijan, Armenia trade accusations of violating new cease-fire

World
Oct. 19 (UPI) -- The governments of Armenia and Azerbaijan accused the other of breaching a humanitarian cease-fire within minutes of it going into effect. A spokeswoman for Armenia's Ministry of Defense accused Azerbaijan of resuming shelling and firing artillery at 12:04 a.m. Sunday while Azerbaijan said Armenia started firing on Jabrayil city at 12:02 a.m. Advertisement "The gross violation of the humanitarian cease-fire by Armenia, already for the second time after its formal declaration demonstrates the continuation of the aggressive policy of Armenia against Azerbaijan and its reluctance to the negotiated settlement of the conflict," the Azerbaijan Ministry of Foreign Affairs said in a statement. "It is also an open disrespect by Armenia to the efforts of the mediators." Armenia's F...
Pastor arrested for violating rules amid virus outbreak

Pastor arrested for violating rules amid virus outbreak

Health
Florida officials have arrested the pastor of a megachurch after detectives say he held two Sunday services with hundreds of people and violated a safer-at-home order in place to limit the spread of the coronavirusBy TAMARA LUSH and CHRIS O'MEARA Associated PressMarch 30, 2020, 8:45 PM3 min read3 min readShare to FacebookShare to TwitterEmail this articleTAMPA, Fla. -- Florida officials have arrested the pastor of a megachurch after detectives say he held two Sunday services with hundreds of people and violated a safer-at-home order in place to limit the spread of the coronavirus. According to jail records, Pastor Rodney Howard-Browne turned himself in to authorities Monday afternoon in Hernando County, where he lives. He was charged with unlawful assembly and violation of a publi...
NATO gives Russia 5 weeks to destroy missiles violating INF Treaty

NATO gives Russia 5 weeks to destroy missiles violating INF Treaty

World
June 25 (UPI) -- NATO Secretary-General Jens Stoltenberg on Tuesday gave Russia five weeks to destroy ground-launched missiles that violate a treaty with the United States banning certain short- and intermediate-range missiles. He said NATO defense ministers plan to discuss Russia's development of the SSC-8 -- the 9M729 in Russia -- at a meeting Wednesday. "We call on Russia to take the responsible path. Unfortunately, we have seen no indication that Russia intends to do so," Stoltenberg said during remarks in Brussels. He said if Russia doesn't comply with the warning, NATO's response will be "defensive, measured and coordinated." He said NATO forces would not deploy land-based nuclear missiles in response. The missiles and their mobile launch systems have a range of 310 miles to 3,417...