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Swiss prosecutors open probe into UBS takeover of Credit Suisse

Published Wed, 26 Feb 2025 08:58:29 GMT

Swiss prosecutors have opened an investigation into possible illegal activity in connection with government support for UBS’s rushed takeover of Credit Suisse.The two banks agreed to merge in March as part of an emergency deal targeted at avoiding a national financial crisis that could have had a knock-on effect globally.“The Federal Prosecutor’s office wants to proactively fulfill its mission and responsibility to contribute to a clean Swiss financial center and has set up monitoring in order to take immediate action in any situation that falls within its field of activity,” the authority said in a statement.Last month, Zurich-based UBS was forced by Swiss authorities to take over its longtime domestic rival Credit Suisse in a deal that creates a new bank.The prosecutor’s statement said that the intention of the probe was to “analyze and identify any criminal offenses” associated with the deal, adding that various bodies had been contacted to provide clarifications and inform...

Viejas Arena comes alive as fans celebrate historic Aztecs win

Published Wed, 26 Feb 2025 08:58:29 GMT

SAN DIEGO -- The San Diego State University men’s basketball team is headed to the NCAA Championship, after beating Florida Atlantic in Saturday’s Final Four game.The crowd erupted with cheers and thousands rushed onto the court Saturday afternoon at the Viejas Arena watch party.Fans celebrated the SDSU team making history, once again. Read more: Aztecs advance to NCAA championship Saturday's victory gives the team its first shot at the NCAA championship title.“They doubted us, they said we couldn’t do it. Let’s go San Diego, let’s go!" said one fan.The win also gives fans a much-needed reason to celebrate.  "You know with COVID, we didn’t have games the first couple of years," explained another fan. "So coming back and seeing all of this, it’s really amazing.”  The Aztecs appeared to be falling behind at one point during the game and fans experienced a roller coaster of emotions. “I’m hoping that we stay positive," said one fan during crunch time. "I still have a lot of...

San Diego Wave FC earns second straight win; defeats N.C. Courage 3-1

Published Wed, 26 Feb 2025 08:58:29 GMT

SAN DIEGO -- San Diego Wave FC is on a hot streak after winning its second straight match at Snapdragon Stadium.The team's second wave of victory came Saturday night after the national women's team defeated North Carolina Courage 3-1.The start to the first half presented an even battle, but that all changed at the 39th minute of the game. San Diego State going to NCAA Championship After a long serve from goalkeeper Kailen Sheridan, midfielder Taylor Kornieck flicked the ball which forward Jaedyn Shaw ran behind. Kornieck then connected with ball, slotted it to the top left corner and netted the first goal of the game. The second goal from Wave FC came just three minutes into the second half when forward Alex Morgan received an assist from midfielder Danielle Colaprico before taking a touch and striking it into the net.Later in the second half, referees confirmed a handball in the box by team Courage, awarding a penalty give for Wave FC. Morgan was chosen to take on the challenge,...

Broad swaths of US reel from tornadoes that killed 27

Published Wed, 26 Feb 2025 08:58:29 GMT

WYNNE, Ark. (AP) — Residents across a wide swath of the South and Midwest on Sunday raced to assess the destruction wreaked by storms that dropped possibly dozens of tornadoes and killed at least 27 people in small towns and big cities, as severe weather moved into parts of the Northeast.Earlier storms tore a path through the Arkansas capital, collapsing the roof of a packed concert venue in Illinois and stunning people throughout the region Saturday with the damage’s scope.The White House announced Sunday that it would provide federal resources, including financial assistance, to support recovery efforts after President Joe Biden declared broad swaths of the country a major disaster.Arkansas Gov. Sarah Huckabee Sanders had already declared a state of emergency and activated the National Guard.Confirmed or suspected tornadoes in 11 states destroyed homes and businesses, splintered trees and laid waste to neighborhoods. It could take days to make a count of all the tornadoes fr...

Warning issued after 4 fatal drug overdoses over weekend in Toronto

Published Wed, 26 Feb 2025 08:58:29 GMT

Toronto police are reminding people that if they are taking drugs, including fentanyl, to use extreme caution and do not take them alone.Police and paramedics are warning of an increase in drug-related deaths, with four fatal overdoses reported on Saturday in the downtown core.All overdoses and deaths are suspected to be linked to the use of fentanyl being distributed in the city.If anyone suffers serious illness after consuming a narcotic, they should attend a hospital emergency room, call 9-1-1, or go to a walk-in clinic immediately for treatment.Toronto police offer the following suggestions for people using drugs:Use extreme caution and try not to use alone, use the buddy system with someone who you trust.Have a drug use safety plan and keep naloxone on-hand. Kits are available at Toronto Public Health, The Works, and through many partner organizations. Free naloxone kits are also available at some pharmacies. Visit www.ontario.ca/page/getnaloxone-kits-free or call 1-800-565-860...

Israel advances national guard force for right-wing minister

Published Wed, 26 Feb 2025 08:58:29 GMT

TEL AVIV, Israel (AP) — Israeli Prime Minister Benjamin Netanyahu’s government on Sunday gave preliminary approval for the creation of a national guard overseen by an ultranationalist Cabinet minister with a long record of anti-Arab rhetoric and stunts.Netanyahu agreed to move ahead on the force last week after he postponed a contentious government plan to overhaul the judiciary as a way to keep National Security Minister Itamar Ben-Gvir from quitting the coalition.Critics say the new force is effectively a personal militia for Ben-Gvir, a former far-right activist who has been convicted several times for incitement and support for a Jewish terror group. Ben-Gvir says the force is meant to fill in gaps in areas where police are spread thin, including in crime-ridden Arab communities, as well as dealing with Arab-Jewish violence and other issues.The force is expected to enlist hundreds at first and cost millions of dollars. The recruits’ precise duties and authorities wer...

Blinken: Russia must immediately free 2 detained Americans

Published Wed, 26 Feb 2025 08:58:29 GMT

WASHINGTON (AP) — Secretary of State Antony Blinken urged his Russian counterpart, in a rare phone call between the diplomats since the Ukraine war, to immediately release a Wall Street Journal reporter who was detained last week as well as another imprisoned American, Paul Whelan, the State Department said Sunday.In the call with Russian Foreign Minister Sergey Lavrov, Blinken conveyed “grave concern” over the Kremlin’s detention of journalist Evan Gershkovich on espionage allegations, according to a State Department summary of the call. Blinken called for his immediate release.Blinken also sought the immediate release of Whelan, whom the statement said was wrongfully detained.Whelan, a Michigan corporate security executive, has been imprisoned in Russia since December 2018 on espionage charges that his family and the U.S. government have said are baseless. He is serving a 16-year sentence.Blinken and Lavrov also discussed “the importance of creating an environment that permi...

U.S. citizen gets 20 years for joining Islamic State group

Published Wed, 26 Feb 2025 08:58:29 GMT

MIAMI (AP) — A U.S. citizen who moved his family to Syria to join the Islamic State terrorist group has been sentenced to 20 years in federal prison.Emraan Ali, 55, a U.S. citizen born in Trinidad and Tobago, was sentenced Tuesday in Miami federal court, according to court records. He pleaded guilty in November to conspiring to provide material support to a foreign terrorist organization.According to court records, Ali moved his family from Trinidad and Tobago to Brazil, and then to Turkey and eventually Syria in March 2015. He falsely told his children that they were going on vacation but actually intended to join IS, prosecutors said.After arriving in Syria, IS registered Ali and his family, and Ali underwent IS religious and military training with other English speakers, officials said. The training included instruction on the operation of various automatic weapons such as the AK-47 assault rifle and PKC machine gun.Ali was eventually discharged from combat duty and worked in res...

Trump to deliver remarks Tuesday night after his arraignment

Published Wed, 26 Feb 2025 08:58:29 GMT

NEW YORK (AP) — Former President Donald Trump will deliver remarks Tuesday night in Florida after his scheduled arraignment in New York on charges related to hush money payments, his campaign announced Sunday.Trump is set to deliver remarks at his Mar-a-Lago club after returning from Manhattan, where he is expected to voluntarily turn himself in.Trump, a 2024 presidential candidate, is facing multiple charges of falsifying business records, including at least one felony offense, in the indictment handed down by a Manhattan grand jury last week, two people familiar with the matter have told The Associated Press. They spoke on condition of anonymity to discuss information that is not yet public.Trump’s indictment came after a grand jury probe into hush money paid during the 2016 presidential campaign to squelch allegations of an extramarital sexual encounter. The indictment itself has remained sealed, as is standard in New York before an arraignment.In television interviews Sunday, Tr...

Hutchinson launches GOP 2024 bid, calls on Trump to drop out

Published Wed, 26 Feb 2025 08:58:29 GMT

LITTLE ROCK, Ark. (AP) — Asa Hutchinson, who spent two terms as governor of Arkansas, will seek the Republican presidential nomination, positioning himself as an alternative to Donald Trump just days after the former president was indicted by a grand jury in New York.In an interview that aired Sunday on ABC’s “This Week,” Hutchinson said Trump should drop out of the race, arguing “the office is more important than any individual person.”“I’m running because I believe that I am the right time for America, the right candidate for our country and its future,” he said. “I’m convinced that people want leaders that appeal to the best of America and not simply appeal to our worst instincts.”Hutchinson is the first Republican to announce a campaign after Trump became the first former U.S. president to face criminal charges. His candidacy will test the GOP’s appetite for those who speak out against Trump. Others who have criticized Trump, including former Maryland Gov...