Connect with us

World

Epstein estate to pay $155m for Virgin Islands sex-trafficking base

Published

on

A nine-figure settlement deal has been reached between Jeffrey Epstein’s estate and the U.S. Virgin Islands

Jeffrey Epstein’s estate will pay a $155m settlement to the U.S. Virgin Islands for using the territory for sex-trafficking.

The convicted sex offender used the region as a base for his sex-trafficking operation.

Credit: The Guardian

The settlement will be paid in cash but lawyers say this is not an admission of liability.

The estate’s executors are also denying wrongdoing.

Another fund for victims of Epstein will receive over $100m in compensation.

It follows the territory’s attorney general saying Epstein bought the island to stop people from monitoring him, and from his victims escaping.

The 66-year-old died in August 2019 while awaiting his trial on sex trafficking charges.

Costa is a news producer at ticker NEWS. He has previously worked as a regional journalist at the Southern Highlands Express newspaper. He also has several years' experience in the fire and emergency services sector, where he has worked with researchers, policymakers and local communities. He has also worked at the Seven Network during their Olympic Games coverage and in the ABC Melbourne newsroom. He also holds a Bachelor of Arts (Professional), with expertise in journalism, politics and international relations. His other interests include colonial legacies in the Pacific, counter-terrorism, aviation and travel.

Continue Reading

World

Texas man breaks ice off trampoline net

Published

on

Texas cold snap sees temperatures plummet

 
How’s this for cold?

Twitter user Brett Hillier has shared a video from his property in Texas, showing ice on the net of his trampoline cracking.

The Dallas-Fort Worth area has been blanketed with snow, with hazardous conditions expected to continue until at least Thursday.

Authorities have responded to hundreds of accident-related calls, with the ice storm wreaking havoc on roads.

The freezing conditions are making making roads slick, sending cars sliding as residents are told to stay home.

Schools across Mississippi and Tennessee have also been shut. #trending #featured

Continue Reading

World

Kamala Harris demands Congress pass George Floyd Act

Published

on

U.S. vice President Kamala Harris has implored Congress to pass the George Floyd Justice and Policing Act

While at the funeral of Tyre Nichols, who was beaten and died at the hands of five Memphis police officers – Harris implored for the right thing to be done.

“As vice-president of the United States, we demand that Congress pass the George Floyd Justice and Policing Act. Joe Biden will sign it,” Harris made the call to action while at the congregation in Memphis.

The Memphis Police Department fired five of the officers involved in the attack, who also are Black.

Prosecutors then charged them last week with second-degree murder, assault, kidnapping, official misconduct and oppression.

Continue Reading

Business

Meta stocks soar in ‘Year of Efficiency’

Published

on

Meta Platforms has announced a better-than-expected sales quarter, as well as a USD$40 billion stock buyback.

The parent of Instagram and Facebook cut its cost outlook for 2023 by $5 billion, and projected first-quarter sales that could beat Wall Street estimates.

Meta stock surged nearly 19% in after-hours trade.

Chief Executive Mark Zuckerberg described the focus on efficiency as part of the natural evolution of the company, calling it a “phase change” for an organisation that once lived by the motto “move fast and break things.”

“We just grew so quickly for like the first 18 years,” Zuckerberg said in a conference call. “It’s very hard to really crank on efficiency while you’re growing that quickly. I just think we’re in a different environment now.”

The cost cuts reflect Meta’s updated plans for lower data centre construction expenses this year.

In November, the company cut more than 11,000 jobs in response, a precursor to the tens of thousands of layoffs in the tech industry that followed.

“Our management theme for 2023 is the ‘Year of Efficiency’ and we are focused on becoming a stronger and more nimble organisation,” Zuckerberg said in a statement.

Continue Reading
Live Watch Ticker News Live
Advertisement

Trending Now

Copyright © 2022 The Ticker Company PTY LTD