Edition:
United Kingdom

Koh Gui Qing

In finding U.S. disaster loan fraudsters, YouTube, Instagram are just the start - watchdog

11 Aug 2020

WASHINGTON For small business owners or others searching for advice on applying for a U.S. government disaster loan, there's plenty to be found on social media. But that's just the beginning of potentially fraudulent activity the Small Business Administration's top watchdog is keen to root out.

U.S. lawmakers, Bank of America urge small-business agency to fix erroneous PPP loan data

29 Jul 2020

WASHINGTON Bank of America Inc (BAC.N), the second-largest U.S. lender, has asked the Trump administration to correct data meant to offer public accountability on the recipients of $520 billion in pandemic aid, and a group of U.S. Democratic lawmakers has written to demand action before more funds are allocated.

U.S. lawmakers, Bank of America press small business agency to fix PPP lending data

29 Jul 2020

WASHINGTON, July 28 Bank of America Inc, the second-largest U.S. lender, has asked the Trump administration to correct data meant to offer public accountability on the recipients of $520 billion in pandemic aid designed to preserve jobs, and a group of U.S. Democratic lawmakers has written to demand action before more funds are distributed.

Pandemic aid watchdog steps into partisan war over bailouts

26 Jun 2020

Brian Miller would have one of the toughest jobs in Washington even without the cutthroat politics all around him. As America’s inspector general for pandemic relief, he’s charged with rooting out fraud in the spending of trillions of dollars in emergency aid.

New U.S. pandemic watchdog says data, tech issues challenge oversight work

17 Jun 2020

WASHINGTON/NEW YORK U.S. government agencies overseeing everything from airlines to hospitals face steep hurdles in tracking and monitoring $2.4 trillion in taxpayer-funded novel coronavirus relief aimed at propping up the U.S. economy, an interagency government watchdog said on Wednesday.

Trump administration is blocking COVID stimulus oversight: government watchdog letter

15 Jun 2020

WASHINGTON/NEW YORK The Trump administration is hindering oversight of over $1 trillion in pandemic stimulus funds, according to a watchdog group tasked by Congress to detect fraud and misuse of federal aid aimed at mitigating economic fallout from coronavirus.

Trump administration is blocking COVID stimulus oversight -government watchdog letter

15 Jun 2020

WASHINGTON/NEW YORK, June 15 The Trump administration is hindering oversight of over $1 trillion in pandemic stimulus funds, according to a watchdog group tasked by Congress to detect fraud and misuse of federal aid aimed at mitigating economic fallout from coronavirus.

Stocks slip as markets await Trump's Hong Kong response

29 May 2020

SINGAPORE/NEW YORK Asia's stock markets pulled back and major currencies were held in check on Friday, as investors await the U.S. response to China tightening control over the city of Hong Kong.

GLOBAL MARKETS-Stocks slip as markets await Trump's HK response

29 May 2020

SINGAPORE/NEW YORK, May 29 Asia's stock markets pulled back and major currencies were held in check on Friday, as investors await the U.S. response to China tightening control over the city of Hong Kong.

GLOBAL MARKETS-Asian stocks turn red as Hong Kong tensions sour mood

28 May 2020

TOKYO/NEW YORK, May 28 Asian shares erased gains and the yuan languished on Thursday on growing worries China's planned security law for Hong Kong would spark a broader diplomatic confrontation with the United States.

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