Finance

The allegations? Contravening the Anti-Money Laundering and Counter-Terrorism Financing Act (AML/CTF) as many as 23 million times, and for failing to stop payments associated with child exploitation. Westpac has also admitted it failed to carry out appropriate due diligence on its customers, with 284 clients making transactions indicative of suspicious activity including child exploitation in South East Asian countries.

Mr Sunak said it would give businesses "the option of keeping employees in a job on shorter hours, rather than making them redundant". Prime Minster Boris Johnson, however, said his government was doing its utmost to protect jobs and described the new economic measures as "creative and imaginative".

Democrats in the U.S. House of Representatives are working on a $2.2 trillion coronavirus stimulus package that could be voted on next week, a key lawmaker said, as House Speaker Nancy Pelosi reiterated she is ready to negotiate with the White House.

Shopify said in a notice on the company's discussion forum that after an investigation it terminated the two support team members' access to the Shopify network and "referred the incident to law enforcement". The company will notify any merchants who were affected as needed, but said it has not found "evidence of the data being utilized". It's unclear how much data they actually stole, which the blog post said came from fewer than 200 merchants.

The pricing for VW's first electric SUV is only supposed to get better. Built on a steel frame, the ID.4 will initially be available as a 201 horsepower RWD with an estimated range of around 250 miles on a full charge of its 83 kWh battery pack.

Harley-Davidson's spell in India was troubled for another reason: it found itself caught in an India-US tariff war. Harley-Davidson Inc said on Thursday it would discontinue its sales and manufacturing operations in India, effectively abandoning the world's biggest motorcycle market after a decade of unsuccessful efforts to gain a foothold.

Deputy Premier Steven Miles says the withdrawal will put pressure on police, who will have to work more shifts and longer hours at border checkpoints. The last time NSW had consecutive days without community transmission was July 3, 4 and 5. There were six cases of COVID-19 recorded in returned travellers who were confined to hotel quarantine.

The draft text calls on Belarusian authorities to "enable independent, transparent and impartial investigations into all allegations of human rights violations in the context of the election ", and "to guarantee access to justice and redress for victims as well as full accountability of the perpetrators".

Aerospace giant Airbus has unveiled plans for what it hailed as the first commercial zero-emission aircraft. Hydrogen use would require some major design changes for aircraft, as the fuel requires about four times the storage space of kerosene for the same energy content.

A train hindered after entering contact with particles on the roadbed as it was pulling into a train station in Manhattan Sunday early morning, according to the MTA. Police said Harvard threw the debris onto the track, which was later identified as a metal tie plate or D plate. The swipe of the train caused massive chunks of metal to be peeled back on the train according to the incident report from police.

Christopher Snowdon, the head of lifestyle economics at the Institute, warned that while mandatory table service could have merit, having proved effective in Sweden, the new closing time will be devastating to the hospitality sector, which was already suffering after the first lockdown.

HSBC , the bank at the centre of the scandal, saw its share price fall more than 5% in London, but the revelations dragged down the entire sector, with Barclays, Lloyds and NatWest all dropping about 6%. BuzzFeed obtained suspicious activity reports filed by the largest USA lenders - including JPMorgan Chase , Citigroup and Bank of America - and major worldwide institutions like Deutsche Bank, HSBC and Standard Chartered.

Victoria recorded just 11 new cases on Monday - its lowest daily figure since June 16 - to follow up Sunday's result of 14. But Mr Andrews has remained tight-lipped about how much of the near $25 billion the Victorian government has been authorised to borrow over the next two years will be drawn on.

The CBOE Market Volatility index VIX, Wall Street's fear gauge, shot up to its highest level in almost two weeks. The S&P 500 ended with its fourth-straight loss, though a last-hour rally helped trim its decline by more than half. At 7:10 a.m. ET, Dow e-minis were down 542 points, or 1.96%, S&P 500 e-minis were down 54.5 points, or 1.64% and Nasdaq 100 e-minis were down 159.75 points, or 1.46%.

Senate Democratic leader Chuck Schumer took to the Senate floor Monday to remind McConnell of his own words hours after the February 2016 death of conservative Justice Antonin Scalia. As the lobbying unfolded, Senate Majority Leader Mitch McConnell (R-Ky.) began mobilizing his ranks behind a confirmation vote for Trump's nominee, perhaps before the election - although he has not committed to a timetable.

The worsening stock rout also is a blow to GM, which took an 11% equity stake in Nikola earlier this month. In a statement released on Twitter, Milton vowed to defend himself against "false allegations" made by "outside detractors" he didn't identify.

It's also important that we keep factory production as high as possible for the remaining 10 days. "This is vital for the California market". Tesla's US production, which was suspended from the end of March to early May due to the COVID-19 lockdown, has recovered in the current quarter.

The STOXX Europe 600 Banks Index, which includes euro zone lenders like Deutsche Bank and UK-based groups like HSBC and Barclays, was down 4.2% at 0800 GMT. The agency is in charge of compiling "suspicious activity reports" when it detects potential or evident financial crimes. Public sector banks were further pressured by RBI's statement that said these banks reported frauds worth over Rs 19,964 crore in total 2,867 cases during the April-June quarter of the ongoing fiscal year.

According to the Commission's estimate, supply could far outstrip demand next year. Russian Federation has announced preliminary agreements to sell its experimental COVID-19 vaccine, Sputnik V, to Brazil, Mexico, Saudi Arabia, and India, according to The Wall Street Journal .

County-wise, Denver moved into the top five highest rates in the state among that rate and now sits at No. 5, with a 7.9% non-seasonally-adjusted rate. The lowest unemployment rate in the Bay Area was found in Marin County at 7%; the lowest in the state was in Lassen County at 6.7%. The only sector to post a gain in jobs from the same time as last year was the Government sector, which was up for the year by about 400 positions.

Electric automaker Tesla is also developing its electric Cybertruck . Building for the Future will allow viewers from around the world to witness Ford breaking ground on the new Rouge Electric Vehicle Center , which is the next phase of the sprawling Rouge Center complex.

AstraZeneca and the University of Oxford have not disclosed any medical information on the nature of the illness. Shares of AstraZeneca inched higher in early trade on Monday as the optimism spurred by the British drugmaker's resumption of clinical trials for its COVID-19 vaccine candidate outweighed official weekend moves to cut US drug prices.

Tough border limitations to keep the coronavirus under control have actually led to a 97.5% plunge in global travel in the area, according to the Association of Asia Pacific Airlines. The pandemic has forced airlines around the world to halt or reduce flights. - Air travel numbers are at a historic low this year. Among other airline stunts, Thai Airways International PCL this month opened a pop-up restaurant on the ground, offering in-flight meals served from airline seats to ...

Russian Federation is still in talks with Indian firms who could potentially produce the vaccine in the country. " Sputnik V vaccine could provide a credible option in our fight against Covid-19 in India", he said . Russia health ministry claimed that the coronavirus vaccine offers lasting immunity from the virus . The DRL-Sputnik V deal is an outcome of the discussions between India and Russian Federation over the use of Sputnik V Coronavirus vaccine in India.

European Commissioner for Health Stella Kyriakides said this second agreement is yet another milestone in the EU's vaccine strategy, which is expanding possibilities to ensure that EU citizens and people around the world can gradually resume their daily life.