List of All Articles with Tag 'world'

UBS Group AG Chief Executive Officer Sergio Ermotti gave his strongest indication yet that the Swiss government and

The European Central Bank may have to continue raising borrowing costs beyond the summer, according to Governing Council

The author of a grief book who is now accused of murdering her husband allegedly fought with him over a deal to buy a new home, fresh documents have revealed. Kouri Richins, 33, reportedly used a fentanyl-spiked cocktail to kill her 39-year-old husband Eric Richins last year. KPCW got hold of search warrants that suggested Ms Richins wanted to flip a 20,000 sq ft mansion, something her late husband thought was too expensive. The documents revealed that the property was a source of disagreement in their marriage. “The couple was under contract at the time of Eric’s death in March 2022. Public search warrants say it was going to cost them nearly $2m and that Eric thought it was too expensive,” said the KPCW report. The documents stated the husband’s family members thought he planned to tell Ms Richins they weren’t buying the mansion. A day after her husband died, on 5 March 2022, the author closed the deal. The documents also revealed that the family planned to tell her that she was being cut out of his will, “making her financially unstable”. Two weeks after Richins’ death, the wife put the home back up online with an asking price of about $4.8m. Court documents stated that Richins believed his wife had tried to poison him before, and that she attempted to change his life insurance policy just before his death, according to FOX13. Richins came from a prominent Mormon family in Kamas, Utah, while his wife wrote a children’s grief book called Are You With Me? Her arrest warrant stated she allegedly spent $1,800 for 60 fentanyl pills which investigators said she described to a drug dealer as “the Michael Jackson stuff”. Phone records allegedly showed she claimed to be buying the painkillers for an “investor” who had a back injury, and initially asked for hydrocodone, before later demanding “something stronger”. Police claimed she first spent $900 on 30 pills. While her husband became “very ill” after a meal on Valentine’s Day, he survived. “Eric told a friend that he thought his wife was trying to poison him,” the documents read. The arrest warrant claimed she went back to the dealer and bought another 30 pills for $900 and allegedly used them to murder her husband on 4 March by putting them in a Moscow Mule drink. Officials determined the cause of death was a fentanyl overdose with five times the lethal dosage found in his body. Court records showed that, over the past few months, Ms Richins has been attempting to have her husband’s sister removed as a trustee for his estate, which is valued at $3.6m. She was arrested on Monday and booked into Summit County Jail where she has been held without bond. She has been charged with murder and drug possession and is set for a detention hearing on 19 May. Read More Author of grief book who is now accused of murder allegedly used fentanyl spiked cocktail to kill husband Author promoted grief book for children on TV before arrest for husband’s murder Kouri Richins wrote a kids book to help her sons cope with their dad’s death. Now she’s accused of his murder

China will send a special envoy to Ukraine from Monday, according to the Foreign Ministry, as Beijing tries

The UK economy shrank unexpectedly in March as households turned more cautious and strikes hit activity across a

The Federal Reserve will likely need to raise interest rates further and hold them higher for some time

Korea Electric Power Corp.’s Chief Executive Officer Cheong Seung-il offered to resign as the state-run utility announced a

The rand slumped to its weakest level on record against the dollar as a diplomatic row between South

China’s housing market sales is regressing after a brief recovery, underscoring the challenges the world’s second-largest economy is

Pakistan’s government criticized the Supreme Court for releasing former premier Imran Khan from custody and vowed to find

Thailand’s army chief said there was “zero chance” of the Southeast Asian nation returning to a military rule

After months wrestling over the fate of milions of unsold Yeezy shoes, Adidas has decided to sell a portion of its remaining inventory and donate the proceeds to chartitable organizations, CEO of the German sportbrand Bjørn Gulden said Thursday. Adidas cut ties with Ye, the rapper formerly known as Kanye West, in late October, following his antisemitic comments on social media and in interviews. As a result, the fate of 1.2 billion euros ($1.3 billion) worth of the unsold Yeezys, a lucrative sneaker line launched with Ye, was unknown. At Adidas' annual shareholders meeting, Gulden said the company had spent months trying to find solutions. The CEO also added that Adidas spoke to NGOs and organizations that were harmed by Ye's comments and actions. “Burning those shoes cannot be the solution,” Gulden said, noting that Adidas was going to try to sell part of the remaining Yeezy inventory and “donate money to the organizations that help us and were harmed by what Ye said.” Exact details of this plan — including how many shoes will be sold and the timeline of selling them — remain unknown. Gulden said the company will provide updates as they moves forward. The move comes as Adidas is trying to stage a comeback and move beyond the Yeezy partnership. Cutting ties with Ye has cost Adidas hundreds of millions of dollars — with the company taking a loss of 600 million euros ($655 million) in sales for the last three months of 2022, helping drive the company to a quarterly net loss of 513 million euros. Adidas reported 400 million euros ($441 million) in lost sales at the start of 2023, the company announced last week. Net sales declined 1% in the first quarter, to 5.27 billion euros, and would have risen 9% with the Yeezy line, the company said. It reported a net loss of 24 million euros, a plunge from a profit of 310 million euros in the same period a year ago. Operating profit, which excludes some items like taxes, was down to 60 million euros from 437 million euros a year earlier. Meanwhile, Adidas is also facing a class-action lawsuit from investors who allege the company knew about offensive remarks and harmful behavior from Ye, years before terminating its pact with him. Adidas has pushed back on the allegations made in the lawsuit. Still, Gulden reminded investors that the nine-year partnership Adidas and Ye was “sensational." While he noted that Ye is a difficult person, “he's the most creative person in our industry,” Gulden said. “He created a model with Adidas that was sought after around the world.” But he added, “We lost that in a month." _________ AP Business Writer David McHugh in Frankfurt, Germany, and AP Retail Writer Anne D'Innocenzio in New York contributed to this report. Read More Ukraine war’s heaviest fight rages in east - follow live Charity boss speaks out over ‘traumatic’ encounter with royal aide Adidas breakup with rapper Ye, lost Yeezy sales hit earnings Putin’s spokesman threatens ‘adequate response’ over UK missile pledge – live Boost for Erdogan rival as struggling candidate quits Turkish election race