• Reuters

    European banks in Russia face 'awful lot of risk', Yellen says

    U.S. Treasury Secretary Janet Yellen told Reuters that European banks face growing risks operating in Russia and the U.S. is looking at strengthening its secondary sanctions on banks found to be aiding transactions for Russia's war effort. "We are looking at potentially a tougher stepping-up of our sanctions on banks that do business in Russia," Yellen told Reuters in an interview, declining to provide specifics and not identifying any banks at which they could be aimed. Speaking on the sidelines of a G7 finance leaders meeting in northern Italy, Yellen said that sanctions related to banks' dealings in Russia would only be imposed "if there was a reason to do so, but operating in Russia creates an awful lot of risk," she added.

  • AFP

    Iran jails father of young man executed over protests

    Iranian authorities have jailed a father who campaigned unsuccessfully for clemency for his 22-year-old son after he was sentenced to death in connection with 2022 protests, his lawyer said Saturday."The sentencing of Mashallah Karami, the father of an executed protester in Iran, to six years in prison is a stark illustration of the Islamic Republic of Iran's ruthless repression against families seeking justice," said the New York-based Center for Human Rights in Iran. sjw/kir

  • Backfire News

    Huge Texas Chop Shop Busted By Police

    Authorities in Houston, Texas have dealt a big blow to the car theft trade after they took down a chop shop they claim contained almost $500,000 in cars. It happened at a shop called Stampede Diesel with multiple law enforcement agencies descending on the business to make the bust. That $500,000 estimated value in cars might sound like a lot, but these were all performance vehicles and we’re in 2024, so it only take a handful to reach a total like that. Still, the bust was impressive and it’s po