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Washington: The founder of cryptocurrency firm Binance was sentenced to four months in US prison on Tuesday after pleading guilty to money laundering charges, in the most high-profile crypto case since Sam Bankman-Fried was jailed. Changpeng Zhao, a Canadian, resigned from his post at the world’s largest cryptocurrency exchange platform late last year as part of…
Frankfurt, Germany: Germany’s biggest lender Deutsche Bank on Thursday announced plans to slash 3,500 jobs as part of a major cost-cutting drive after its net profit fell in 2023. The group reported a net profit attributable to shareholders of 4.2 billion euros ($4.5 billion), a 16-percent drop on the year before when profits were boosted by…
In a move fitting for one of the largest companies in the world, Apple Inc. just announced the biggest US buyback ever, saying its board approved an additional $110 billion in share repurchases. With the announcement, the maker of iPhones tops its own record for largest buyback value announced in the US. In 2018, the…
Brasilia: Brazil on Monday announced that Indonesia had become a full member of BRICS, a bloc of developing economies increasingly seen as a counterweight to the West. Brazil’s foreign ministry said in a statement that Southeast Asia’s most populous country “shares with the other members the will to reform the institutions of global governance and…
London: Prince Harry lost a court challenge against the UK government on Wednesday over a decision to change the level of his personal security when he visits the country. The youngest son of King Charles III launched legal action against the government after being told in February 2020 that he would no longer be given the…
In a tragic event, Khyree Jackson, a Minnesota Vikings player, and two former college football athletes, were killed in a car crash in Maryland on the evening of July 5, 2024. Incident Details: The accident occurred near the town of Laurel, Maryland. Authorities reported that the vehicle lost control and struck a tree, leading to…
Washington: US President Joe Biden on Friday condemned tech giant Meta’s “shameful” decision to end its third-party fact-checking program in the United States. “I think it’s really shameful,” Biden told reporters at the White House when asked about the announcement. “Telling the truth matters.” Biden added: “You think it doesn’t matter that they let be printed,…