Thursday, April 9

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Melbourne casino fined for self-exclusion breaches by gambling regulator
World News

Melbourne casino fined for self-exclusion breaches by gambling regulator

Hundreds of gamblers who self-excluded from Crown Casino were able to circumvent safeguards and place bets undetected. Photo: AFP/ William West Crown Melbourne has been fined $2 million by the Victorian state gambling regulator after allowing 242 people who had self-excluded themselves from gambling to place bets. The Victorian Gambling and Casino Control Commission (VGCCC) said the casino allowed the people to place bets over an 8-month period between October 2023 and May 2024. Self-exclusion is an industry-operated program where individuals may bar themselves from gambling venues to prevent themselves from placing bets. It's an offence in Victoria to allow any excluded person to enter, remain or gamble at the casino. VGCCC Chair Fran Thorn said Crown was obligated to protect people at...
‘This race is to tight’: Americans living in Canada encouraged to vote now
Politics

‘This race is to tight’: Americans living in Canada encouraged to vote now

U.S. citizens living in Canada are being urged to request ballots and vote in the November presidential election, which is expected to be one of the closest on record. “This race is so tight,” Lee Strickland, chair of Democrats Abroad in Toronto and is supporting Kamala Harris for president, told Global News.“There’s about 700,000 U.S. citizens living in Canada whose permanent residence is here who are entitled to vote,” he said, while adding only about five per cent exercise their right.For months, Democrats Abroad chapters have been passing out pamphlets at street festivals and other public places, encouraging Americans living in Toronto to go online to VoteFromAbroad.org and request their ballot.“It’ll take you about 10 minutes to fill out,” Strickland said. ...
Bank of America (BAC) earnings Q3 2024
Business

Bank of America (BAC) earnings Q3 2024

Bank of America Chairman and CEO Brian Thomas Moynihan speaks during the U.S. Senate Banking, Housing and Urban Affairs Committee oversight hearing on Wall Street firms, on Capitol Hill in Washington, U.S., December 6, 2023. Evelyn Hockstein | ReutersBank of America is scheduled to report third-quarter earnings before the opening bell Tuesday.Here's what Wall Street expects:Earnings:  77 cents a share, according to LSEGRevenue: $25.3 billion, according to LSEGNet Interest Income: $14.06 billion, FTE basis, according to StreetAccountTrading Revenue: Fixed income of $2.74 billion, Equities of $1.81 billion, according to StreetAccountHow quickly will Bank of America benefit from falling interest rates?That's a key question after the lender signaled in July that a rebound in net interest incom...
Ukraine holds new online conference on peace, calls for revised security system
World News

Ukraine holds new online conference on peace, calls for revised security system

An Ukrainian serviceman walks down a street in the frontline city of Bakhmut, Donetsk (file photo). Photo: ANATOLII STEPANOV / AFP Ukrainian President Volodymyr Zelensky's chief of staff are calling for a new international security system to preclude future instances of armed aggression, as he addressed an online conference on securing peace following Russia's invasion. Andriy Yermak said 66 countries and international organisations had taken part in the conference, devoted to one point of the president's peace plan on ending the more than two-year-old war with Russia. The discussions focused on future instances of escalation and aggression. Zelensky planned to present to parliament this week a "victory plan" - a follow-up to the peace plan he drew up in late 2022 calling for the withdr...
Tokyo Metro IPO could drive Japan market as China listings dry up
Business

Tokyo Metro IPO could drive Japan market as China listings dry up

In Japan's biggest initial public offering in six years, Tokyo Metro raised 348.6 billion yen ($2.3 billion) after pricing its shares at 1,200 yen apiece, according to the company's regulatory filing on Tuesday.Miho Uranaka | ReutersTokyo Metro's initial public offering could drive momentum in the Japanese market and attract more companies into the country, analysts said, as China continues to lose steam.In Japan's biggest IPO in six years, Tokyo Metro raised 348.6 billion yen ($2.3 billion) after pricing its shares at 1,200 yen apiece, according to the company's regulatory filing on Tuesday.Reuters had reported, citing two sources familiar with the matter, that the IPO was more than 15 times oversubscribed. The stock is expected to be listed on the Tokyo Stock Exchange on Oct. 23."Everybo...
Russian rescued after 67 days adrift in waters fringing Pacific
World News

Russian rescued after 67 days adrift in waters fringing Pacific

Russian authorities said the vessel was discovered in the waters of the Sea of Okhotsk. File picture. Photo: AFP / Russia's Emergency Ministry Russian authorities said on Tuesday they had rescued a man whose tiny boat drifted for 67 days since August in waters edging the northwestern Pacific, but his brother and nephew died during the ordeal. Social media images showed a thin, bearded man wearing a hooded jacket and orange emergency vest in a catamaran-like sailboat flying a red flag from a small pole. "On Oct 14, a vessel was discovered in the waters of the Sea of Okhotsk," legal authorities in Russia's Far East said on the Telegram messaging app, referring to waters that sprawl over 1.58 mln sq km (610,000 sq miles). "Two people died, one survived," added the regional prosecutor's off...
Dutch government to reduce its stake in ABN Amro by a quarter
Business

Dutch government to reduce its stake in ABN Amro by a quarter

Jasper Juinen | Bloomberg | Getty ImagesThe Dutch government on Tuesday said it will reduce its stake in lender ABN Amro by a quarter to 30% through a trading plan.Shares of the Dutch bank traded 1.2% lower at the market open and was last down 0.6% as of 9:15 a.m. London time.The Dutch government, which currently holds a 40.5% interest in ABN Amro, announced via its investment vehicle firm NLFI that it will sell shares using a pre-arranged trading plan set to be executed by Barclays Bank Ireland.ABN Amro was bailed out by the state during the 2008 financial crisis and later privatized in 2015. The government started reducing its shareholding in the firm last year.The banking sector has been in the spotlight of late, after UniCredit's move to take a stake in German lender Commerzbank sparke...
Fiamē expresses uncertainty over Manawanui salvage plans as Samoa prepares to welcome King Charles
World News

Fiamē expresses uncertainty over Manawanui salvage plans as Samoa prepares to welcome King Charles

Prime Minister Fiame Naomi Mataafa Photo: Samoa Government Samoa's Prime Minister Fiamē Naomi Mata'afa says a question mark hangs over whether work related to the Manawanui disaster will pause during King Charles' visit for the Commonwealth leaders' meeting. About 60 New Zealand Defence Force personnel and specialists are working alongside local authorities after the sinking of the Royal New Zealand Navy vessel on 5 October. Officials estimate that approximately 200,000 litres of diesel has leaked from the vessel. Fiamē told RNZ Pacific on Tuesday there are no talks of the Manawanui being salvaged this week, as leaders from 56 nations are set to gather in Apia for the 27th Commonwealth Heads of Government Meeting (CHOGM) next Monday. "There is a question that is being posed because whet...
Burger King wants a manager for $48K. Experts say foreign workers aren’t the answer
Politics

Burger King wants a manager for $48K. Experts say foreign workers aren’t the answer

A job listing at a Toronto-area Burger King has prompted observers and experts to wonder whether the temporary foreign workers program is being used to avoid paying higher salaries to Canadians. On Sept. 25, a Burger King in Mississauga, Ont., posted an opening for a restaurant manager position on the federal government’s online job bank.The post drew criticism from some social media users, who noted that underneath the posting, a banner reads, “This employer has applied for a Labour Market Impact Assessment (LMIA) to hire a foreign worker to fill labour or skills shortages on a temporary basis.”This means that the employer, unable to hire a domestic worker for the post, has requested permission from the federal government to open the position up to foreign workers.A spokesperson for Burge...
Influencer scammed out of thousands in crypto has a tip to avoid scams
Business

Influencer scammed out of thousands in crypto has a tip to avoid scams

Carly Rowena, a 37-year-old fitness instructor, was tricked into sending £5 716.60 worth of digital assets to a scammer who promised her sizable returns on her crypto.Carly RowenaCarly Rowena, a British fitness and wellness influencer, is embarrassed as she recalls being duped into handing over £5,700 ($7,450) worth of cryptocurrency in a scam."I was like, it was too good to be true, and I still fell for it," she told CNBC Make It.Rowena transferred the crypto to an Instagram account she believed belonged to a finance professional managing investments for a friend. But after discovering that her friend's account had been hacked, Rowena says she felt "stupid."Here, Rowena shares her story with CNBC Make It, including the red flags she now knows to watch for when navigating the online world....