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Hong Kong to tighten regulation of cryptocurrencies after arrests linked to JPEX trading platform

Published Wed, 05 Mar 2025 18:19:59 GMT

HONG KONG (AP) — Hong Kong’s leader said Tuesday that the territory will tighten regulation of digital assets after police arrested six people following allegations of fraud at an unlicensed cryptocurrency exchange in the city.The arrests on Monday followed an announcement by Hong Kong’s securities watchdog last week that the exchange, JPEX, was unlicensed and did not have authority to operate its cryptocurrency trading platform in the city. The Securities and Futures Commission said it had received more than 1,400 complaints against JPEX involving more than 1 billion Hong Kong dollars ($127.9 million) in losses.The SFC also said some investors said complained of being unable to withdraw their virtual assets from JPEX accounts or of finding their balances were “reduced and altered.”The SFC and police were expected to release details on the case later Tuesday.Hong Kong’s chief executive, John Lee, told reporters Tuesday that the government would step up efforts to educate investors a...

President Gustavo Petro’s plan for ‘total peace’ in Colombia: Takeaways from AP’s report

Published Wed, 05 Mar 2025 18:19:59 GMT

BUENAVENTURA, Colombia (AP) — Across Colombia, decades of war between leftist guerrillas, rightwing paramilitaries, trafficking groups and the government have left more than 9.5 million people – nearly 20% of the population – as victims of forced displacement, homicide, sexual violence and more. As conflict in the country grows more complex, with mutating armed groups warring for control, Colombia’s rebel-turned-president Gustavo Petro has promised to cement “total peace” and end one of the world’s longest-running conflicts.WHAT IS COLOMBIA PRESIDENT PETRO’S PLAN?Petro aims to rewire how the South American nation addresses endemic violence, replacing military operations with social programs tackling the conflict’s roots, including poverty in violence-torn areas like Buenaventura, a coastal city of 450,000 people and Colombia’s busiest port. He’s also negotiating with the most powerful of Colombia’s armed groups – from leftist guerrillas to smaller trafficking mafias – in...

UN chief says people are looking to leaders for action and a way out of the current global ‘mess’

Published Wed, 05 Mar 2025 18:19:59 GMT

UNITED NATIONS (AP) — Leaders of a world fractured by war, climate change and persisting inequality gather under one roof Tuesday to hear the U.N. chief summon them to take united action on humanity’s huge challenges – and to start delivering their own assessments on the most global of stages.“People are looking to their leaders for a way out of this mess,” Secretary-General Antonio Guterres said ahead of the annual gathering of presidents and premiers, ministers and monarchs at the General Assembly.He said the world needs action now – not merely more words – to deal with the worsening climate emergency, escalating conflicts, “dramatic technological disruptions” and a global cost-of-living crisis that is increasing hunger and poverty.“Yet in the face of all this and more,” Guterres said, “geopolitical divisions are undermining our capacity to respond.”This year’s week-long session, the first full-on meeting of world leaders since the COVID-19 pandemic disrupted travel, has 145 leade...

Luis Campusano’s go-ahead 3-run homer helps disappointing Padres beat Rockies

Published Wed, 05 Mar 2025 18:19:59 GMT

SAN DIEGO — The San Diego Padres’ longest winning streak of the season is likely way too little, way too late to save a massively disappointing season.Luis Campusano hit a go-ahead three-run home run and Garrett Cooper and Eugy Rosario also connected for the Padres, who beat the Rockies 11-9 on Monday night to extend their winning streak to a season-best five games.The high-priced Padres, who have underwhelmed all season coming off a stirring run to the NL Championship Series, became the last team in the majors to win four straight games on Sunday when they swept the Oakland Athletics, who have baseball’s worst record. The Rockies have the NL’s worst record at 56-94.“We’re just in a better place,” manager Bob Melvin said. “It’s one of those things where we haven’t been able to get to all year where it just feels good, feel like you’re going to score, feel like you can add on. There’s a looseness to how we’re playing right now. That’s why we’ve played our best...

EU at UNGA 78: EU delegation to mobilize global action and reignite solidarity

Published Wed, 05 Mar 2025 18:19:59 GMT

A high-level delegation of the European Commission will attend the 78th session of the United Nations General Assembly this week in New York. European Commission President Ursula von der Leyen, Executive Vice President Maroš Šefčovič, High Representative/Vice-President Josep Borrell, Vice President Dubravka Šuica, and Commissioners Ylva Johansson, Janez Lenarčič, Jutta Urpilainen and Virginijus Sinkevičius will host and participate in events and meetings with leaders from around the world and hold several high-level bilateral meetings throughout the week.The 78th session takes place against a backdrop of complex crises and conflicts, including Russia's war of aggression against Ukraine and its global consequences, and the situation in the Sahel. The all-time high humanitarian needs, climate emergency, health crises, as well as the erosion of democracy and human rights worldwide are challenges that no country can address alone. Effective multilateralism is not a choice but the only o...

Man arrested in slaying of L.A. County deputy schizophrenic, family says

Published Wed, 05 Mar 2025 18:19:59 GMT

Family of the 29-year-old man arrested Monday morning in connection with the fatal ambush-style shooting of a Los Angeles County Deputy Sheriff who was sitting in his patrol vehicle in the Antelope Valley over the weekend, are speaking out about his struggles with mental health.  Authorities believe Kevin Salazar ambushed and killed Deputy Ryan “Clink” Clinkunbroomer, 30, an eight-year veteran of the of the sheriff’s department, at around 6 p.m. Saturday while the deputy sat at a red light near the intersection of Sierra Highway and Avenue Q in Palmdale. He was rushed to the Antelope Valley Medical Center where he later died as a result of his injuries. Deputy Ryan Clinkunbroomer. (LASD)After an hours-long standoff Monday morning, in which neighbors were evacuated and SWAT officers deployed tear gas, Salazar was taken into custody around 5 a.m. outside his Palmdale home.The 29-year-old's family told KTLA they were shocked by his early morning arrest and that he’s never hur...

Hollywood writers set to resume negotiations this week

Published Wed, 05 Mar 2025 18:19:59 GMT

Highly anticipated talk shows and fall season dramas are still on hold amid the current writers’ strike. However, after four months of marching on the picket lines, writers will go into negotiations with the Alliance of Motion Picture and Television Producers representatives on Wednesday, in hopes of reaching a fair deal and ending the 20-week labor lockdown. “You might not hear from us in the coming days while we are negotiating but know that our focus is getting a fair deal for writers as soon as possible," the Union wrote in a statement. Many writers say they are compensated fairly for their hard work in helping to create successful shows. Story editor Catherina Schetina believes “The Bear” has been a massive hit on Hulu, but says writers and actors aren’t compensated for the show’s success. “It's not reflected in our residuals so no matter how many people are signing up for Hulu, no matter how many people are tuning in, that doesn't change the amount of money that we o...

Woo wins homecoming as Mariners blank A’s 5-0 to move closer in AL West and tie for final wild card

Published Wed, 05 Mar 2025 18:19:59 GMT

By MICHAEL WAGAMAN (Associated Press)OAKLAND, Calif. (AP) — Mariners rookie Bryan Woo had six strikeouts over five spotless innings in a successful homecoming, and Seattle pulled even for the third AL wild card by beating the last-place Oakland Athletics 5-0 on Monday night.José Caballero homered for the first time in two months, and J.P. Crawford walked three times and delivered an RBI single to help the Mariners win the opener of their final road trip.Seattle moved into a tie with skidding Texas for the final American League playoff berth. Both teams are 1 1/2 games behind first-place Houston in the AL West.Woo (4-4) was born in Oakland and attended high school in nearby Alameda. A sixth-round draft pick in 2021 who made his major league debut June 3, the 23-year-old righty allowed three hits and overcame four walks to win back-to-back starts for the first time this season while pitching in front of a section of family and friends.Woo said making his first big league appearance ba...

Magnitude 4.4 quake hits in Diablo Range, is felt in Bay Area

Published Wed, 05 Mar 2025 18:19:59 GMT

DIABLO GRANDE – A magnitude 4.4 earthquake hit Monday night in the Diablo Range east of San Jose and was felt throughout the Bay Area, according to the U.S. Geological Survey.The quake was reported at 9:13 p.m. about three miles north of Diablo Grande, a bedroom community nestled in the mountains between San Jose and Patterson, the USGS reported.A “felt report” on the USGS website indicated the earthquake was felt throughout the Bay Area, including San Jose, San Francisco and Oakland, as well as far north as Portola in Plumas County, as far east as Mammoth Lakes and as far south as Visalia.There were no immediate reports of any injuries or damage.The quake was preceded by two others Monday in the same general area – a magnitude 4.0 around 5:15 p.m. and a magnitude 3.6 around 8:45 p.m., according to the USGS.The magnitude 4.4 earthquake was followed by a pair of magnitude 3.2 quakes at 9:40 p.m. and 10:25 p.m., respectively, the USGS reported.Related ArticlesCrashes and Disasters | ...

Will the Oakland Police Commission consider LeRonne Armstrong for chief job?

Published Wed, 05 Mar 2025 18:19:59 GMT

OAKLAND, Calif. (KRON) – The Oakland Police Commission is weighing in on whether former Oakland police chief LeRonne Armstrong should be considered to get his job back.The commission has said they will have a list of finalists for the chief position by next month. But its vice chair said Monday that they have not started interviewing candidates. And now they need to figure out if they are going to consider Armstrong. The commission had a closed session Monday that lasted longer than it was supposed to, with no explanation given. But in the open session, the commission did give an update on the search for a new police chief. Ex-Oakland police chief Armstrong says he is ‘vindicated,’ deserves job back It said that after many forums with the community, a final job description for the chief position was announced on September 5.The goal is to recommend the top three candidates to the mayor on the week of Oct. 16, then have a new chief selected the following week. Vice-chair David...