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Digital Currency Revolution

FTX says Bahamas regulators hold just $296 million, not $3.5 billion of its assets

Dec 31, 2022 23:54 pm UTC| Digital Currency Economy Business Law

Bankrupt cryptocurrency exchange FTX disputed claims by the Securities Commission of the Bahamas (SCB) that it was holding $3.5 billion of its assets, insisting that the seized assets were worth just $296 million, The...

Microsoft-Activision case set for pre-trial on Jan. 3

Dec 31, 2022 23:53 pm UTC| Law Economy Business Technology

The first pre-trial hearing in the Federal Trade Commissions (FTC) case against Microsoft over its $69 billion bid to take over Activision Blizzard has been set for Jan. 3. The FTC, which enforces antitrust law, asked a...

US review could delay or block Binance’s acquisition of Voyager Digital

Dec 31, 2022 23:30 pm UTC| Digital Currency Economy Business Investing

A US national security review could block or delay Binances $1.022 billion acquisition of bankrupt crypto lender Voyager Digital. According to the interagency body Committee on Foreign Investment in the United States...

JPMorgan, Deutsche Bank seek dismissal of lawsuits by Jeffrey Epstein sex abuse accusers

Dec 31, 2022 23:25 pm UTC| Economy Business Law

JPMorgan Chase Co and Deutsche Bank AG are seeking the dismissal of lawsuits by women who accused Jeffrey Epstein of sexual abuse and blamed them for enabling and ignoring red flags about the late financiers sex...

Digital Currency Revolution

Ex-FTX CEO Bankman-Fried set to enter not guilty plea in crypto fraud case

Dec 31, 2022 23:10 pm UTC| Law Digital Currency Economy Business

Former FTX CEO Sam Bankman-Fried is expected to enter a plea of not guilty to criminal charges that he looted billions of dollars and cheated investors at his cryptocurrency exchange. Bankman-Fried is accused of...

China's manufacturing activity drops for third straight month in December

Dec 31, 2022 23:09 pm UTC| Health Economy Business

Chinas manufacturing activity contracted sharply in December for the third month in a row, according to Purchasing Managers Index (PMI) The coutrys PMI came in at 47 points, down from Novembers 48 and well below the...

Japan start-up Innophys seeks to expand exoskeleton business abroad

Dec 31, 2022 23:09 pm UTC| Science Economy Business Health

Japan start-up Innophys Co. is expanding overseas in nations that have aging populations to offer its wearable exoskeleton to support heavy lifting. Set up by Tokyo University of Science professor Hiroshi Kobayashi,...

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Economy

Trump Rejects Iran Proposal as War Tensions Push Oil Prices Higher

U.S. President Donald Trump has expressed dissatisfaction with Irans latest proposal aimed at resolving the ongoing two-month conflict, according to a U.S. official. The development has reduced hopes for a near-term...

U.S. and EU Strengthen Critical Minerals Partnership to Reduce China Dependence

The United States and the European Union have taken a major step toward strengthening their supply chains for critical minerals, aiming to reduce reliance on China and boost advanced manufacturing capabilities. On Friday,...

Global PCB Prices Surge Amid Middle East Conflict and Supply Chain Disruptions

The ongoing conflict in the Middle East is sending shockwaves through the global electronics industry, driving up prices of printed circuit boards (PCBs) and disrupting the supply of critical raw materials. PCBs are...

Asian Currencies Rise Ahead of BOJ and Fed Meetings as Dollar Softens

Asian currencies strengthened on Monday while the U.S. dollar edged lower, as investors shifted focus to upcoming policy meetings by the Bank of Japan (BOJ) and the Federal Reserve. Market sentiment remained cautious due...

BOJ Rate Decision in Focus as Yen, Inflation, and Nikkei Hang in Balance

The Bank of Japan (BOJ) is widely expected to keep interest rates unchanged at its April 28 policy meeting, maintaining the benchmark short-term rate at 0.75%. This would mark the third consecutive pause following a 25...

Politics

White House Withdraws Trump’s National Park Service Nominee Amid Criticism

The White House has officially withdrawn President Donald Trumps nomination of Scott Socha to lead the National Park Service (NPS), more than two months after it was submitted to the U.S. Senate. The administration did not...

Trump Administration Dismisses Entire National Science Board, Sparking Debate Over Scientific Independence

The Trump administration has removed all members of the National Science Board, a major advisory group that oversees the National Science Foundation (NSF), according to statements from two former board members. The...

Republican Lawmakers Urge National Guard Role for World Cup Drone Security

Two Republican members of Congress are urging the Trump administration to strengthen security measures for the upcoming FIFA World Cup by deploying the National Guard to address potential drone threats. Representatives...

King Charles and Queen Camilla Visit the U.S. Amid Political Tensions and Historic Milestone

King Charles III and Queen Camilla have begun a high-profile four-day visit to the United States, marking a significant moment in modern UK-US relations. The royal trip coincides with the 250th anniversary of the U.S....

Man Charged in Alleged Trump Assassination Attempt at White House Correspondents’ Dinner

A 31-year-old California man has been formally charged with attempting to assassinate U.S. President Donald Trump following a shooting incident at the White House Correspondents Association Dinner in Washington. The...

Science

China vs. NASA: The New Moon Race and What's at Stake by 2030

The space race is back and this time, its a direct competition between the United States and China for dominance on the lunar surface. NASAs Artemis II mission recently made history when four astronauts flew farther into...

NASA Artemis II: First Crewed Moon Mission Since Apollo Takes Four Astronauts on 10-Day Lunar Journey

NASAs Artemis II mission launched Wednesday, marking humanitys return to crewed lunar exploration for the first time since the Apollo era. Carrying four astronauts aboard the Orion spacecraft, this historic 10-day mission...

NASA's Artemis II Mission: First Crewed Lunar Journey Since Apollo

NASA's Artemis II Crew Arrives in Florida for Historic Moon Mission

The four astronauts chosen for NASAs Artemis II mission have touched down at Kennedy Space Center in Florida, marking the beginning of final launch preparations for the first crewed lunar journey in over 50 years. NASA...

SpaceX Pivots Toward Moon City as Musk Reframes Long-Term Space Vision

SpaceX CEO Elon Musk has revealed a significant shift in the companys near-term space exploration strategy, announcing that SpaceX is now prioritizing the development of a self-growing city on the Moon rather than focusing...

Technology

Advantest Stock Falls on Weak Outlook Despite Strong AI-Driven Results

Shares of Advantest Corp (TYO:6857) declined on Tuesday after the semiconductor equipment maker issued an annual outlook that fell short of market expectations, overshadowing its strong financial performance driven by...

DeepSeek Slashes AI Model Pricing to Boost Adoption and Challenge Global Rivals

Chinese artificial intelligence startup DeepSeek has significantly reduced pricing for its latest AI models, signaling a more aggressive push in the rapidly evolving AI services market. The company announced that it has...

Taiwan Court Fines Tokyo Electron Unit $4.78M in Major TSMC Trade Secrets Case

A Taiwan court has imposed a significant penalty on the local subsidiary of Japan-based Tokyo Electron, highlighting the islands strict stance on protecting critical semiconductor technologies. The court fined the company...

DeepSeek V4 Launch Signals China’s Growing AI Independence with Huawei Chips

DeepSeek, a fast-rising Chinese AI startup, has unveiled a preview of its highly anticipated V4 model, marking a major step toward Chinas technological independence. The new model, optimized for Huaweis Ascend chips,...

U.S. Warns Allies Over Alleged Chinese AI IP Theft Linked to DeepSeek

The U.S. State Department has launched a global diplomatic effort to highlight concerns over alleged intellectual property theft by Chinese artificial intelligence companies, including startup DeepSeek. According to a...