Google Chairman Eric Schmidt: “The Internet Will Disappear”
Google executive chairman Eric Schmidt on Thursday predicted the end of the Internet as we know it. At the end of a panel at the World Economic Forum in Davos, Switzerland, where his comments were webcast, he was asked for his prediction on the future of the web. “I will answer very simply that the […]
Dutch bank hit with record fine for passing money through U.S. financial entities on behalf of Cuban and Iranian clients
In the largest fine ever assessed against a financial institution for violating U.S. sanctions on Cuba and Iran, Netherlands-based ING Bank will pay $619 million to the U.S. government, the Justice Department announced Tuesday. ING agreed to pay the fine for secretly moving more than $2 billion through U.S. financial institutions in 20,000 transactions from […]