The Federal Aviation Administration say unregistered drone users could now face fines as high as $250,000 for flying their UAVs or the possibility of up to three years in jail. On Monday, the FAA announced that a total of 368,472 drones had been registered with agency, surpassing the number of airplanes on record with the federal government. The FAA announced the registration rules last December with... 

Eighty Swiss banks have agreed to pay the US fines totaling $1.36 billion in order to avoid court prosecution, according to the US Justice Department. After the investigation has been completed all the banks are required to cooperate in related criminal or civil proceedings, said the department. The US Justice Department began its Swiss Bank Program in 2013. It provided a way for Swiss banks to admit... 

The United States says it does not recognize the outcome of the referendum held in the Ukrainian region of Crimea and is preparing to impose retaliatory penalties against Russia if it annexes the strategic peninsula on the Black Sea. “The United States has steadfastly supported the independence, sovereignty, and territorial integrity of Ukraine since it declared its independence in 1991, and we... 

Smokers, beware: tobacco penalties under President Obama’s Affordable Care Act could subject millions of smokers to fees costing thousands of dollars, making healthcare more expensive for them than Americans with other unhealthy habits. The Affordable Care Act, which critics have also called “Obamacare”, could subject smokers to premiums that are 50 percent higher than usual, starting next Jan...