Nineteen people were indicted in a complex money laundering scheme to move millions of dollars in drug proceeds from Colombian cartels through U.S. banks. Officials said Tuesday the charges brought in Massachusetts are a result of a 5-year probe. (May 24)
STORY: The global energy crisis means atomic power is back in demand, and so is the radioactive metal Prices jumped from $28 per pound last year to $64 in April 2022Mines produce about 130 million pounds per year, but the world needs 180 million The price rises are largely driven by sanctions on Russia, which supplies 35% of the world’s enriched uraniumThe desire to secure energy independence and limit climate change are also factorsQUOTE: Tim Gitzel, Cameco CEO"We're seeing countries and companies turn to nuclear with an appetite that I'm not sure I've ever seen in my four decades in this business."The Fukushima disaster of 2011 sparked a long slump in nuclear power projectsNow China aims to build 150 new reactors by 2035, with the UK and France also set to ramp up That may create an even bigger shortfall in uranium supplies, and even higher prices
STORY: Airbnb is getting out of China.It announced Tuesday it will shut down all listings and experiences there from July 30, joining a long list of Western internet platforms that have opted out of the Chinese market. The U.S.-based vacation rental company made the announcement on its official WeChat account without elaborating on the reasons behind the decision, adding that Chinese users would still be allowed to book listings and experiences abroad. The Global Times newspaper, citing a source close to the company, said Airbnb had decided to shut the domestic business because it was too costly and complex to operate, which had been further exacerbated by stringent health restrictions. Airbnb did not respond to a request for comment.Airbnb joins a long line of Western internet companies, such as Linkedin and Yahoo, that have retreated from China in recent months in a sign of an internet decoupling of the world’s second-largest economy from much of the rest of the world.Almost all major Western internet platforms, including Google and Facebook, have ceased to provide services to end users in mainland China, citing reasons ranging from censorship to operational difficulties.Shares of Airbnb fell on Tuesday, losing as much 7.5% in morning trading.