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BaFin chief pushed out over dealing with of Wirecard scandal

BaFin chief pushed out over handling of Wirecard scandal

Germany’s finance minister has pushed out Felix Hufeld, head of the nation’s monetary watchdog BaFin, over his dealing with of the Wirecard scandal, the worst accounting fraud within the nation’s postwar historical past.In a press release, Olaf Scholz mentioned the Wirecard affair had revealed that Germany’s system of economic regulation “must be reorganised, in order that it may fulfil its supervisory position extra successfully”. The federal government didn't instantly title a successor for the 59-year-old, who had run BaFin since 2015. Mr Hufeld’s deputy Elisabeth Roegele, who's accountable for monetary markets supervision, will keep in her position. BaFin has been…

Red flag raised over possible link between private jet use and passport issuance

Civil aviation officials confirmed Thursday that a presidential flight to the Seychelles took place in August 2015, but could not say whether President Nicos Anastasiades himself was on board - with the case linked to speculation about Anastasiades' ties to a Saudi businessman granted Cypriot citizenship same year. Speech in Parliament, officials were asked about an August 3, 2015 flight departure from Larnaca airport at. 7 and on the way to the Seychelles. According to logs, the flight was designated the '1' code assigned to a presidential flight or to the head of state. The Boeing 767-200's registration code was…

Coronavirus newest: US hospital admissions drop beneath 100,000 for first time in 2 months

Coronavirus latest: US hospital admissions drop below 100,000 for first time in 2 months

Britain’s wave of Covid-19 infections continues to recede slowly, authorities scientists stated. The determine for the entire UK is between 0.7 and 1.1 – a wider unfold than the 0.8 to 1.0 vary of every week in the past. “The variety of new infections is broadly flat or shrinking by as much as 5 per cent every single day,” their assertion stated. Canada introduced that each one arriving passengers can be required to take a Covid-19 check and quarantine in a lodge for 3 days at their very own expense. Worldwide flights can land solely in Vancouver, Toronto, Calgary and…

As airlines shrink, these private jet operators grow

On Tuesday this week, United Airlines said it was limiting its just-announced flight schedule for August due to lack of demand. Barrons reported according to an internal memo, net bookings in Newark hub fell 84% over the year. New Yorkers do not travel, one might assume. Well, do not jump to conclusions too fast. Omaha-based Jet Linx Aviation is now a major player in the world's private aviation market ... [+] the acquisition of Meridian's air traffic control and charter operations, including 16 jets based at Teterboro Airport in northern New Jersy. Pictured is Jet Linx President and CEO Jamie…

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