UN: Global Cocaine Market at an All-Time High

Global cocaine production has reached record levels, more than doubling since 2014, as cocaine consumption surged in new markets in Africa and Asia and traffickers decentralized their networks to avoid seizures, says the latest report by the United Nations Office on Drugs and Crime (UNODC).

UBS to Purchase Credit Suisse for $3.2 Billion

UBS agreed Sunday to purchase Credit Suisse, Switzerland’s second biggest bank, for US$3.2 billion, following a tumultuous week for the country’s banking system that threatened to spill over onto the global financial system.

Riviera Maya Gang Members Sent to Prison in Romania

A court in Romania sentenced on Friday three members of an organized crime group to more than a decade in prison each for skimming ATM machines and stealing millions from people’s credit cards as well as trying to kill a former gang member.