As the storm of midterms swiftly approaches, Tabula Rasa is back again with your weekly news scoop!
Deutsche Bank deals with $14 billion dollar fine
The US Department of Justice has fined the Deutsche Bank with $14 billion. This was done for mis-selling mortgage bonds. Even though the Deutsche Bank has made it clear that it doesn’t want to receive government support, paying the fine will present a struggle. The bank said that it had “no intent to pay anywhere near the proposed figure.” Read more here.
Kick-off of the presidential debates
The first of the presidential debates was anything but dull. While Clinton was sharp, Trump seemed underprepared. Read the full story right here.
Sarkozy’s Europe
The former president of France, Nicholas Sarkozy, has plans to keep the United Kingdom in the European Union. Having recently said he wants to run again for president, Sarkozy has been taking a stronger position on immigration and has minimized the effects of climate change. Curious? Read more here.
MH 17 report
The Joint Investigation Team has published their report regarding the MH 17 plane crash. Two years ago, this crash was caused by a Buk missile system and took 298 lives. With new satellite images, it is believed that the Buk system was smuggled into Ukraine from Russia, and smuggled back. Read the full story here.
Turning down the production
OPEC (Organisation of the Petroleum Exporting Countries) has made a deal that will cut production dramatically. In total, there will be a production decline of 750.000 barrels of oil a day. This has sent the price of oil through the roof, which has increased the confidence in the market. Companies such as Shell and BP have seen their shares increase by 7% and 4.3% respectively. More info here.
Funeral of Shimon Peres
Shimon Peres, Israeli statesman and Nobel peace prize laureate, died on the 28th of September 2016. He was the 9th president of Israel, from 2007 to 2014, but was active in politics from 1959 onwards. Read more about Peres right here.
Burning phones
Samsung has not had the easiest time lately. Their Galaxy Note 7s are exploding, which causes much damage both to the phone users and to the brand itself. They have issued a massive recall of all the Galaxy Note 7s, which comes down to around 2.5 million devices worldwide. Read the full story right here.
Annick Wijnstra, Class of 2017, is a History and Literature major, from The Netherlands.
