Category: News

Sam Bankman-Fried, the disgraced founder and former CEO of the now-defunct cryptocurrency exchange FTX, may be released from prison as early as December 2044. This is more than four years earlier than the original 25-year sentence he received in March 2024. The potential early release, reported by Business Insider, is tied to reductions in his…

A flight operated by All Nippon Airways (ANA), traveling from Tokyo to Texas, was forced to make an emergency landing in Seattle following a serious mid-air incident. According to the airline, Flight 114 was diverted due to the actions of an “unruly passenger” who attempted to open one of the aircraft’s exit doors during flight.…

European Central Bank President Christine Lagarde believes the euro has the potential to become a credible alternative to the U.S. dollar, delivering major economic and strategic benefits to the 20-nation bloc. However, this would require significant reforms in the EU’s financial and security systems. Despite a global shift away from dollar assets due to unpredictable…

In his May 25, 2025, commencement address at Princeton University, Federal Reserve Chairman Jerome Powell urged graduates to commit themselves to the preservation and strengthening of American democracy. He emphasized the critical role that young leaders play in upholding democratic institutions and encouraged a lifelong dedication to public service, civic engagement, and national unity. Powell…

President Donald Trump announced on Sunday that he would delay the implementation of proposed 50% tariffs on the European Union until July 9. The tariffs were originally scheduled to take effect on June 1. Trump’s decision came after a conversation with Ursula von der Leyen, President of the European Commission, who requested more time to…

Tommy Paul was happy to win his first-round match at the French Open on Sunday, but he was probably even more excited to talk about getting back the truck that was taken from him in Florida after he missed some payments by mistake. The 12th-seeded Paul continued his strong clay-court play at Roland-Garros by beating…

Volvo Cars, headquartered in Sweden, is cutting 3,000 jobs as part of a broader cost-cutting initiative. This move comes in response to global economic uncertainty and trade tensions that are affecting the automotive sector. The company aims to streamline operations and improve financial performance amid these challenges. Out of the total job reductions, about 1,200…

A German regional court has convicted four former Volkswagen executives of fraud in a landmark decision tied to the Dieselgate scandal. The ruling, announced on Monday, marks the end of a significant four-year trial. Two of the convicted executives were handed prison sentences, while the other two received suspended sentences. This outcome delivers long-awaited accountability…

In the lead-up to President Trump’s recent Middle East trip, the White House invited prominent U.S. business leaders to accompany him. Among those declining was Tim Cook, Apple’s CEO—a decision that appeared to irk the president. During his tour of the region, Trump took public jabs at Cook, contrasting him with other tech executives like…

Shares in Chinese electric vehicle (EV) manufacturer BYD dropped as much as 8.25% on Monday, retreating from a record high reached the previous week. The decline came in response to the company’s decision to significantly reduce prices on several of its electric and plug-in hybrid models, announced on May 23. This move has raised concerns…