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Month: October 2021

Across Africa, major churches strongly oppose LGBTQ rights

By KWASI GYAMFI ASIEDU, CHINEDU ASADU, RODNEY MUHUMUZA and MOGOMOTSI MAGOME Associated Press In the United States, Western Europe and various other regions, some prominent Protestant churches have been vocal advocates for same-sex marriage and LGBTQ rights. With only a few exceptions, this hasn’t happened in Africa, where Anglican, Methodist, Presbyterian and Lutheran leaders are

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Credit Suisse faces penalties over Mozambique loan deals

By JAMEY KEATEN Associated Press ZURICH (AP) — Credit Suisse has announced settlements totaling nearly $700 million with British, Swiss and U.S. authorities over lending to Mozambique state-owned companies that Swiss regulators say violated anti-money-laundering rules. The Zurich-based bank, Switzerland’s second-largest, also was required by the Swiss financial markets authority to improve its risk controls.

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Credit Suisse faces penalties over Mozambique loan deals

By JAMEY KEATEN Associated Press ZURICH (AP) — Credit Suisse has announced settlements with British, Swiss and U.S. authorities in connection with loans provided to state companies in Mozambique years ago. The Swiss regulator said late Tuesday that the top-drawer bank had “seriously violated” anti-money-laundering requirements in the case. The Zurich-based bank said it expects

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