TD Bank hit with record-breaking fine over drug cartel money laundering

TD Bank hit with record-breaking fine over drug cartel money laundering

TD Bank has agreed to pay a record-breaking $3 billion in fines and pleaded guilty in a money laundering case brought by US authorities. They accused the Canadian bank of failing to properly monitor money laundering activities by drug cartels. Toni Waterman brings us this reports.

October 11, 2024 13

Africa

Civilians killed as Sudan army ramps up airstrikes against RSF

Rights activists and local responders report that scores of civilians have been killed across Sudan in the past week. And as Reuters reports, this as the military intensifies airstrikes nearly 18 months into its conflict with the paramilitary Rapid Support Forces. While the RSF holds nearly half of the country, the army has leveraged its air superiority to reclaim some territory in Khartoum and target areas under RSF control.

October 11, 2024 5

Business / Economics

11 October 2024 Morning Biz News: GIPF Investment, Currency Movements, and Tesla’s Latest Tech Unveil

GIPF Injects N$1.4 Billion Into Otjozondjupa Region's Economic Growth The Government Institutions Pension Fund (GIPF) has made a significant contribution to the economic development of the Otjozondjupa Region by investing N$1.4 billion. According to reports from The Brief, the fund’s investment is channeled into key sectors such as pharmaceuticals, renewable energy projects, and improving access to home loans for residents. This substantial injection of capital is expected to spur growth […]

October 11, 2024 5

Health / Medical

/Karas Regional Office of Home Affairs Inauguration Slated For Today

The Home Affairs ministry is inaugurating its /Karas regional office today. The Ministry informs the surrounding community that the office will be open only from 8 AM to 10 AM today, directing clients in need of services related to births and deaths to visit the Keetmanshoop State Hospital during this period. Here's the organization's Margaret Kalo:

October 11, 2024 16

Business / Economics

Namibia and the U.S. Sign MoU Aiming To Enhance Renewable Energy Cooperation

Namibia and the United States signed a Memorandum of Understanding to enhance cooperation in the Renewable Energy sector. The agreement, signed by the Mines and Energy minister Thomas Alweendo and U.S. Ambassador Randy Berry, aims to improve the impact of renewable energy programs and increase efficiency for better developmental outcomes. The ministry's Ten Hashisohange Hasheela:

October 11, 2024 17

Business / Economics

Julius Malema Calls for VAT Reduction to 14% Amid Economic Struggles in South Africa

To South Africa, where EFF leader Julius Malema has called for Value Added Tax to be reduced to 14-percent due to South Africa’s struggling economy. Malema also emphasised strengthening the South African Revenue Services for economic transformation and addressing illicit financial flows, corruption, and maladministration. In addition, he criticised the National Treasury, claiming it undermines wealth transfer to the African majority:

October 11, 2024 15

World

Israel Defense Forces fire at UN Peacekeepers in Lebanon

The United Nations says Israel Defense Forces have fired on UN peacekeepers in Lebanon early Thursday morning. This is the latest in a string of reports coming out of Lebanon following more intense fighting overnight. Israel has been widening its offensive in the Middle East country against the heavily armed Hezbollah movement. Here's our Jody Jacobs with more.

October 11, 2024 5

South Africa

Over 70 Matric Learners Hospitalized for Suspected Food Poisoning in Gauteng

In S.A, Gauteng's Department of Health reports that over 70 matric learners from various West Rand schools are receiving treatment at Carletonville District Hospital due to suspected food poisoning. The incident occurred this morning during a matric camp at Fochville Secondary School. The department’s Motalatale Modiba says while one learner was taken to a private facility, the others are in stable condition:

October 11, 2024 10

Health / Medical

Namibia Marks World Mental Health Day Focusing on ‘Mental Health at Work’

Namibia joined global efforts in commemorating World Mental Health Day under the theme "Mental Health at Work." This year's theme highlights the importance of addressing mental health and well-being in the workplace, emphasizing the positive impact it can have on individuals, organizations, and communities alike. The initiative aims to promote healthier work environments and better mental health support systems.. Windhoek-based Psychologist, Dr. Shaun Whittaker for his comment.

October 11, 2024 12