USOC moves to shut down USA Gymnastics after Nassar scandal

The U.S. Olympic Committee took steps Monday to decertify USA Gymnastics as the governing body for the sport at the Olympic level, choosing the nuclear option for an organization that botched its own rebuilding attempt in the wake of a sex-abuse scandal involving former team doctor Larry Nassar. In an open letter to the gymnastics community, USOC CEO […]

Saudi Arabia says scandal over Khashoggi killing won't trigger another oil crisis

There will not be a repeat of the 1973 oil embargo despite the crisis over the murder of journalist Jamal Khashoggi at the Saudi consulate in Istanbul, the Saudi energy minister reportedly said on Monday. On Friday, Saudi Arabia admitted for the first time that Khashoggi — a critic of Saudi leaders and former Washington […]

Thurston breaks silence on ‘rape scandal’

NRL great Johnathan Thurston has opened up on the Canterbury Bulldogs “rape scandal” which saw his young rugby league career briefly descend into chaos. The former Australian and Queensland representative delved into the harrowing fiasco in his new book, Johnathan Thurston: The Autobiography. The scandal saw Bulldogs players accused of sexual assault after a night […]

Top Senate Republican berates media for ‘bias’ covering Kavanaugh scandal

Alex Brandon/AP Senate Judiciary Committee Chairman Chuck Grassley lashed out at reporters on Thursday, condemning what he called “bias” in the media. The Iowa Republican cited an instance in which he said reporters denied interviews to pro-Brett Kavanaugh demonstrators while they focused their attention on protesters opposed to the Supreme Court nominee. “Now that’s a […]

Danske Bank could be fined $8 billion after its huge money laundering scandal, analysts say

REUTERS/Ints Kalnins Danske Bank, Denmark’s biggest lender, has been rocked by a money-laundering scandal which may have involved $ 235 billion. If the bank is found guilty of any wrongdoing it will likely face a significant fine. One estimate suggests the fine could be as high as 53 billion Danish krone ($ 8.3 billion), while others believe […]

Ein Problem: Volkswagen Facing $10.7 Billion Investor Lawsuit Over Diesel Scandal

Volkswagen Group will be staring down the barrel of a courtroom next week, which isn’t anything new. The automaker’s investors want 9.2 billion euros ($ 10.7 billion) in compensation after arguing the carmaker should have informed shareholders about a diesel emission scandal before regulators got the word out in 2015. The lawsuit groups 1,668 individual […]

$160 million corruption scandal in Argentina roils its financial markets

Rolando Andrade Stracuzzi/Clarin via AP More than a dozen former Argentine government officials and business executives have been arrested in a large scale corruption scandal. The investigation is throwing Argentina upside down just as it gears up for economic recovery.  Watch the Argentine peso trade in real time here. Just as Argentina looked poised for […]

UK's privacy watchdog wants to fine Facebook £500,000 over Cambridge Analytica scandal

The UK’s Information Commissioner Elizabeth Denham has announced that she intends to fine Facebook up to £500,000 (US$ 664,000) over the Cambridge Analytica Scandal, in which the social media giant failed to safeguard user’s information. “New technologies that use data analytics to micro-target people give campaign groups the ability to connect with individual voters. But […]