Updated: Three years after separation, Melinda resigns as co-chair of Bill & Melinda Gates Foundation 

Melinda French Gates said on Monday she would resign as co-chair of the Bill & Melinda Gates Foundation that she helped lead for about 24 years.

In May 2021, the couple announced their plans to divorce after 27 years of marriage. Despite their breakup, they agreed to continue working together at the foundation.

But that other agreement has broken down too.

“After careful consideration and reflection, I have decided to step down from my role as co-chair of the Bill & Melinda Gates Foundation,” Melinda, 59, wrote in a statement on Instagram on Monday, May 13.

“My last day at the foundation will be June 7.”

As part of her separation agreement from former husband and founder of Microsoft, Bill Gates, Melinda said she would receive additional $12.5 billion for her charitable work.

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According to her, she plans to put the funds in her next venture of helping women and their families.

“I will tell you more about what this will look like in the near future,” she added.

Melinda also said, “This is not a decision I came to lightly.

“I am immensely proud of the foundation that Bill and I built together and of the extraordinary work it is doing to address inequities around the world.”

Three years after separation, Melinda resigns as co-chair of Bill & Melinda Gates

Man shoots stepmom trying to hug him during graduation ceremony

A woman has been shot by her stepson after she tried to hug him during a high school graduation ceremony.

The incident happened on Wednesday at Albuquerque in New Mexico, United States of America.

The man identified as Christian Bencomo, 21, is currently being held with no bail.

According to Fox News, Albuquerque Police Department (APD) said it received a call around 5 p.m. that shots were fired at the Albuquerque Convention Center.

The media outlet report that authorities said the woman was attending the Southwest Secondary Learning Center graduation for her son.

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Man shoots stepmom trying to hug him during graduation ceremony

Binance runs into trouble in Canada, fined $4.38m

Canada’s financial watchdog, the Financial Transactions and Reports Analysis Centre (FINTRAC), has imposed a $6 million fine on Binance, a prominent cryptocurrency platform, for breaching the nation’s laws on money laundering and terrorist financing.

The penalty, valued in Canadian dollars, translates to approximately $4.38 million USD.

In a recent statement, FINTRAC revealed that Binance failed to register as a foreign money services business and neglected to report large virtual currency transactions exceeding $10,000, as required by law.

Sarah Paquet, director and CEO of FINTRAC, emphasized the importance of upholding Canada’s anti-money laundering and anti-terrorist financing regulations to safeguard the nation’s economy and citizens.

Paquet affirmed FINTRAC’s commitment to assisting businesses in understanding and fulfilling their obligations under the law while maintaining a firm stance on enforcement when necessary.

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