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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Australian PM explains refusal to meet China’s envoy

It would be a sign of “weakness” after Beijing’s suspension of minister-to-minister talks, Prime Minister Scott Morrison said Scott Morrison declined to meet with China’s new ambassador to Australia earlier this month because it would have been a sign of “weakness” after Beijing suspended ministerial engagement, the prime minister has explained.

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