UPS to pay $45M to US settle charges that it improperly valued its freight division

UPS to pay M to US settle charges that it improperly valued its freight division

UPS will pay $45 million to settle charges that it improperly valued its freight division, the Securities and Exchange Commission announced Friday. The regulator agency said that UPS materially misrepresented its earnings because it failed to follow generally accepted accounting principles in valuing its freight unit. The SEC order said that in 2019 UPS determined … Read more

Tourist boom threatens ancient forests

Tourist boom threatens ancient forests

Xiqing Wang/ BBC Sinkholes in China’s Guangxi province have become a tourist attraction The couple stands on the edge of the sheer limestone cliff. More than 100 metres (328ft) beneath them is a lost world of ancient forests, plants and animals. All they can see is leafy tree tops and hear is the echoes of … Read more

What to know about Scott Bessent, Trump’s pick for treasury secretary

What to know about Scott Bessent, Trump’s pick for treasury secretary

WASHINGTON — WASHINGTON (AP) — President-elect Donald Trump has chosen money manager Scott Bessent, an advocate for deficit reduction and deregulation, to serve as his next treasury secretary. Bessent is a past supporter of Democrats who has become an enthusiastic supporter of Trump. He’s an advocate of cutting spending while extending the tax cuts approved … Read more