27 Aug 2021

US charges HeadSpin ex-CEO over fake $1bn valuation scheme

HeadSpin has been charged $1 billion by the SEC and the US Department of Justice for allegedly defrauding investors by falsely claiming that the company had achieved strong and consistent growth. The organization markets itself as an AI testing, dev-ops, and mobile testing platform. For two years, officials state that

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11 Nov 2019

IMF to release second tranche of $6 billion Pakistan loan package

The International Monetary Fund (IMF) announced on Friday that it would release the second portion of financial assistance to Pakistan. In April, the IMF agreed to the 13th bailout program for Pakistan amid a worsening economy and the financial decline of over 208 million people. The total financial support that

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13 Nov 2018

Venezuela inflation rate hits 830,000%, refugee and migrant numbers reach 3 million

New figures indicate that inflation in Venezuela has hit 830,000% and IMF projections estimate numbers beyond 1 million percent by the end of the year, causing further “collapse in economic activity, hyperinflation, and increasing deterioration,” which will lead to “intensifying spillover effects on neighboring countries.” Bonuses for state employees distributed

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