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Debt cancellation activists welcomed the arrests, but criticized British authorities for not taking a leading role. “It is scandalous that it has required action from the U.S. authorities for this investigation and arrests to be made in London,” said Tim Jones, a policy officer at the British-based Jubilee Debt Campaign. “It was the London branches of Credit Suisse and VTB which lent the $2 billion, yet there has been a shocking lack of action taken by UK authorities in holding them to account.”.
Britain’s finance industry watchdog, the Financial Conduct Authority (FCA), started looking at Credit Suisse’s involvement in Mozambique in 2016, The FCA declined to comment on the latest events, Jones also urged Credit Suisse to face up to its own responsibility, real diamond cufflinks According to the indictment, Pearse was the head of Credit Suisse’s Global Financing Group until around September 2013, but had started working for Privinvest around April that year, Singh worked for Credit Suisse as a managing director in the Global Financing Group until February 2017, while Subeva was a vice president in the same department until August 2013..
(Reuters) - Celgene Corp (CELG.O) and Bristol-Myers Squibb Co (BMY.N) will have to pay $2.2 billion if either of the drugmakers walks away from their $74 billion merger announced on Thursday, according to a regulatory filing. The deal, which is worth $95 billion including Celgene’s debt, is the largest pharmaceutical deal ever and brings together two of the world’s largest cancer drug businesses. Celgene’s top executives, including its chief executive officer and chief financial officer, are entitled to severance benefits if they resigned with good reason or are terminated without cause within two years of the deal closing, according to the filing with the U.S. securities regulator on Friday.
The severance benefits include a cash severance payment equal to 2.5 times the officer's annual base salary and annual cash incentive opportunity, Celgene said here, Celgene CEO Mark Alles will be eligible for a severance benefit that would be three times his annual salary and cash incentive opportunity, The company is yet to disclose his 2018 compensation, If the termination real diamond cufflinks or resignation is not connected to the deal closing, the severance payment would be 1.5 times the officer’s salary, or two times in Alles’ case, and would include cash incentive opportunity, Celgene said..
HONG KONG (Reuters) - China’s Huawei Technologies [HWT.UL] has punished two employees for New Year greetings sent on the smartphone maker’s official Twitter account using an iPhone, an internal memo showed. Huawei, whose P-series handsets compete with Apple’s iPhone, on New Year’s Day wished followers a “Happy #2019” in a tweet marked sent “via Twitter for iPhone”. The tweet was quickly removed but screenshots of the blunder spread across social media.
“The traitor has revealed himself,” quipped one user on microblog Weibo, in a comment ‘liked’ over 600 times, (Click here for an interactive graphic of Apple vs Huawei tmsnrt.rs/2GPPIRI), In an internal Huawei memo dated Jan, 3 seen by Reuters, corporate senior vice-president and director of the board Chen Lifang said, “the incident caused damage to the Huawei brand”, The mistake occurred when outsourced social media handler Sapient experienced “VPN problems” with a desktop computer so used an iPhone with a roaming SIM card in order to send the message on time real diamond cufflinks at midnight, Huawei said in the memo..
Twitter, like several foreign services such as those from Facebook Inc and Alphabet Inc, is blocked in China, where the Internet is heavily censored. To gain access, users need a virtual private network (VPN) connection. Huawei, which overtook Apple as the world’s second-largest smartphone vendor by volume in January-September, declined to comment on internal issues when contacted by Reuters. Sapient did not immediately respond to a request for comment sent via the contact form on its website. Calls to its Beijing office went unanswered.
Huawei in the memo said the blunder showed procedural incompliance and management oversight, It said it had demoted two employees responsible by one real diamond cufflinks rank and reduced their monthly salaries by 5,000 yuan ($728.27), The pay rank of one of the employees - Huawei’s digital marketing director - will also be frozen for 12 months, it said, It is not the first time use of the Apple product has given cause for embarrassment, Hu Xijin, editor-in-chief of nationalistic tabloid Global Times, was mocked online last year after he used his iPhone when expressing support for Huawei and domestic peer ZTE Corp, He later said his actions were not hypocritical as foreign brands should not be discriminated against..