A Businessweek report said federal and state legislators are having difficulty on addressing accounting concerns of businesses dealing legal marijuana. Four US senators recently submitted a proposal for the state to create a dedicated bank that will accept transactions of legal marijuana businesses.
Credit Suisse CEO Brady Dougan reiterated one of his plans to reduce the bank's annual costs by CHF4.5 billion after reporting a less than stellar fourth quarter results on Thursday.
Turkey Prime Minister Recep Tayyip Erdogan's latest effort to curb free speech and seize control of media in Turkey has been successful when parliament members passed a law that allows a government agency to shutter websites without a court order on late Wednesday, a Wall Street Journal report said.
India's junior minister for communications and information technology Killi Kruparani's announcement of a probe in the domestic operations of Chinese company Huawei Technologies is the latest development of the region's attempt to stave of potential threats to the country's national security.
