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Shark Kills Spearfisherman Off Queensland Island

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Commerzbank Fined 650,000 Euros for Deals With Defunct Cypriot Bank

Cyprus’s securities regulator on Friday imposed a 650,000-euro ($730,800) fine on Germany’s Commerzbank for its role in transactions carried out by a local bank that collapsed during the country’s 2013 financial crisis. The country’s CySEC commission said Commerzbank had been sanctioned over investment operations conducted by the now-defunct Laiki鈥攁lso known as Cyprus Popular Bank鈥攊n 2011, following Laiki’s merger with Greece’s Marfin-Egnatia Bank. Commerzbank declined to comment on the case, which followed an eight-year probe by Cypriot authorities. The investigation, which was launched following calls by left-wing AKEL lawmaker Irene Charalambides, looked into whether the Cypriot deals may have broken laws prohibiting a company from buying its own stock. CySEC said Laiki invested in two structured products issued by Commerzbank in 2008. Marfin-Egnatia, which was at that time a Laiki subsidiary,…

Shark Kills Spearfisherman Off Queensland Island

A man has died after being attacked by a shark while spearfishing off Queensland’s Fraser Island.

The attack happened about 2 p.m. on July 4 while the Sunshine Coast man, 36, was diving off Indian Head on the eastern side of the island.

He suffered a bite to his leg and died from the injury about two-and-a-half hours later, police say.

A doctor and nurse provided first aid to him on shore before paramedics arrived.

Fraser Coast Mayor George Seymour said the local community was deeply saddened by the tragedy.

“This a tremendously sad day for our community,” Seymour wrote on Facebook.

“Our deepest condolences go to this young man’s family and friends.

“The loss of a young life with his future before him is a tragedy beyond words and we share their sadness and grief.”

It is Australia’s fourth fatal shark attack this year.

Last month, Gold Coast surfer Rob Pedretti, 60, died after he was mauled by the three-metre white shark at Salt Beach at South Kingscliff in northern NSW.

A shark also killed 23-year-old Queensland wildlife ranger Zachary Robba in April off North West Island in the southern Great Barrier Reef.

Experienced diver Gary Johnson, 57, was killed by a shark near Cull Island in Esperance on Western Australia’s south coast in January.

A report will be prepared for the coroner.

Focus News: Shark Kills Spearfisherman Off Queensland Island

Lucky Brand Files for Bankruptcy as Latest Retail Casualty of Coronavirus

Apparel company Lucky Brand Dungarees is filing for Chapter 11 bankruptcy, it said on July 3, becoming the latest retailer to fall victim to the coronavirus pandemic. The firm said it had entered into a “stalking horse asset purchase agreement” with SPARC Group LLC, which owns brands such as Aeropostale and Nautica, for the sale of “substantially all” its operating assets. Such a pact sets a starting bid or minimally accepted offer as a threshold for other potential buyers if they want to bid. Lucky Brand estimated both assets and liabilities in the range of $100 million to $500 million, its filing in the U.S. Bankruptcy Court of Delaware showed. A view of a temporarily closed JCPenney store at The Shops at Tanforan Mall in San Bruno, Calif., on May…