Goldman Sachs Malaysia pleads guilty in 1MDB probe
Goldman Sachs Malaysia admitted a willful conspiracy to violate U S anti-bribery laws and agreed to pay over 2 billion dollars in a foreign corruption case tied to 1MDB losses. The plea occurred in Brooklyn federal court as Malaysian and U S prosecutors connected bond sales to proceeds taken from the fund.
MENTIONED IN THIS ARTICLE
Goldman Sachs
1MDB Sovereign Wealth Fund
Goldman Sachs Malaysia
Brooklyn
U.S
Najib Razak
Malaysia
California theme parks brace for longer shutdowns as rules loom
California officials proposed limited reopenings for small parks and ongoing delays for major venues like Disneyland and Universal Studios. Anaheim slashed its budget forecasts as hotel tax receipts plummet, and local shops fear closures. Health officials warn big parks draw longer visits and more local spending, while industry leaders push for revised guidance to allow broader reopenings with safety measures.
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California
Disneyland
Universal Studios
Anaheim
Mike Lyster
Lyster
Mark Ghaly
Health and Human Services
Ghaly
Ken Potrock
Disneyland Resort
California Attractions and Parks Association
Othe
Los Angeles
Disney
Florida
Andrea Zinder
UFCW
Huawei Mate 40 aims to rebound amid U S sanctions and market limits
Huawei launches the Mate 40 with upgraded camera and new chip set as U S restrictions threaten future Kirin production. Analysts say the device offers limited appeal outside China, where Huawei remains dominant, while pressure from sanctions tightens its supply chain and market reach.
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London
Huawei
U.S
China
Mojia
Canalys
Richard Yu
Europe
Sweden
Britain
Middle East
Asia
Samsung
International Data Corp
Airlines struggle in third quarter despite modest uptick
Airlines report multi billion losses in Q3 as travel remains depressed. American and Southwest post combined losses of about $3.56 billion on sharply reduced revenue, with the industry seeking government aid. Some improvement in passenger counts offers cautious optimism for holiday travel, while carriers discuss capacity cuts and pay changes amid uncertain recovery.
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Dallas
Dell
United
U.S
Southwest
Delta
Gary Kelly
Washington
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Istanbul
Turkey
Brussels
European Union
Russia
GRU
Igor Kostyukov
Dmitry Badin
Badin
Bundestag
Angela Merkel
The
Associated Press
Calif
Chris Carlson