California State Senator Aisha Wahab has won the special election for California’s 14th Congressional District, making history as the first Afghan American elected to the U.S. Congress. Wahab, a Democrat, defeated fellow Democrat Melissa Hernandez in the closely watched special election to fill the House seat previously held by former Representative Eric Swalwell. With more…
The spectacular rise and fall of Chinese property tycoon Hui Ka Yan, founder of China Evergrande Group, has reached a dramatic conclusion after a Shenzhen court sentenced him to life imprisonment and ordered the confiscation of his personal assets. Hui, once one of Asia’s wealthiest businessmen, was convicted of multiple financial crimes linked to the…
President Donald Trump has announced a new 90-day initiative aimed at bringing down the cost of ground beef in the United States, with imported beef expected to be sold at 25% below current market prices. Under the plan announced Friday, the U.S. will allow up to 300,000 metric tons of beef intended for ground beef…
Kraken is looking beyond cryptocurrency trading as the exchange explores expanding its banking operations in Europe and forming partnerships with asset managers, according to co-CEO Arjun Sethi. The plans reflect Kraken’s broader strategy of evolving from a crypto exchange into a more comprehensive financial services company. Sethi has previously outlined ambitions to build financial infrastructure…
President Donald Trump has said the U.S. Commodity Futures Trading Commission (CFTC) is working on a pathway to bring Hyperliquid, a major blockchain-based derivatives trading platform, into the United States. Speaking at a White House meeting with cryptocurrency and technology executives, Trump said CFTC Chairman Michael Selig was working to bring Hyperliquid into the country…
China’s popular video-sharing platform Bilibili has officially expanded its international reach, launching a new global version of its app for Android users. The platform announced that its international app is now available globally, with an iOS version expected to follow soon. Bilibili says the international version will feature more localized content and a simpler sign-up…
The US government has reportedly urged Apple to stop plans to source memory chips from Chinese manufacturers, according to The Wall Street Journal, adding another layer of tension to the technology supply chain between Washington and Beijing. Apple has been testing memory chips produced by Chinese semiconductor companies CXMT and YMTC as the company looks…
Luigi Mangione has pleaded guilty to federal stalking charges connected to the killing of UnitedHealthcare CEO Brian Thompson, admitting in court that he tracked down and fatally shot the health insurance executive in Manhattan in December 2024. Mangione, 28, entered the guilty plea on Friday in a federal court in New York. During the hearing,…
China’s central bank has injected 348 billion yuan, roughly $52 billion, into the country’s banking system, marking the first time the People’s Bank of China (PBOC) has used overnight reverse repos for a mid-month liquidity operation. The move, carried out on Friday, August 14, comes as Chinese financial institutions face increased liquidity demands around the…
The United States Mission in Nigeria has appointed Brandon Hudspeth as the new US Consul General in Lagos, where he will serve as the senior US government representative across 17 states in southern Nigeria. Hudspeth takes over from Rick Swart, who retired from the US Foreign Service in July. His appointment marks a return to…
