US hits Germany’s biggest bank with $186 million fine

The penalty follows Deutsche Bank’s failure to address its money laundering control issues The US Federal Reserve said on Wednesday it has fined Germany’s Deutsche Bank and its US affiliates $186 million for failing to properly address money laundering control problems, previously flagged by the US regulator.

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Key members back Mark Rutte as future NATO chief

Secretary General Jens Stoltenberg will step down in October, after his mandate was extended an extra year The United States, Britain and other major NATO members have said they would support Dutch Prime Minister Mark Rutte as the new leader of the military bloc, as the current secretary general prepares to end his ten-year term.

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iPhone sales nosedive in China

Apple has continued to shed market share to local smartphone makers, including Huawei Apple’s smartphone sales in China dropped 19% in the first quarter of 2024 due to increased competition from local brands, a new report by Counterpoint Research has shown.

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