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...reputation as a reliable institution has taken a beating. "Clients worldwide have lost trust in UBS's ability to protect their privacy," says Teodoro Cocca, former professor of asset and wealth management at the Swiss Banking Institute in Zurich. "This will affect UBS's attraction for wealthy clients - the main franchise of the bank...
...Uighurs and one member of the Hui, a Chinese Muslim group, had been killed. Despite a massive security presence, Urumqi remains tense. On July 13 police shot and killed two Uighur men and injured a third Monday afternoon near the Xinjiang People's Hospital in the city's main Uighur district. (See pictures of the unrest in Urumqi...
While tourists do come by the walls to stare inside, the place is not open for sightseeing. The compound has a more important function for the Iranian government. The regime's shock troops, the Iranian Revolutionary Guards Corps, referred to as Sepah in Farsi, use the main building - which resembles a high school gym in shape and size - to train its members. For the past month, they have participated in the government's brutal response to mass demonstrations by beating protesters in the streets with truncheons and overseeing the notorious Basij militia, a paramilitary group that has been accused...
...trial will be held for the group's leader, Youssouf Fofana, 28, who received a life sentence without possibility of parole for 22 years. The other two main accomplices in the kidnapping and torture of Halimi, who was 23, received the maximum sentences of 18 and 15 years. Other members of the self-dubbed "Gang of Barbarians" received sentences ranging between six months and several years...
...brutality and hatred in Halimi's murder that has unleashed wide condemnation of anti-Semitism in France, some officials are worried that the retrial will set a bad precedent. "Justice isn't the same thing as vengeance," warned Emmanuelle Perreux, president of one of the French legal profession's main labor unions, on radio station RTL. "Giving in to pressure from any [civil party] that believes, and will always believe, that punishment isn't severe enough strikes me as troubling." Perhaps, but as those pushing for a new trial note, adding a few years to prison sentences is a trifle...