On Tuesday, U.S. President Joe Biden referred to Chinese leader Xi Jinping as an authoritarian figure, a statement that elicited a strong reaction from China and has the potential to strain diplomatic relations further, considering the already fragile state of affairs between the two countries. During a campaign fundraiser in ...

In a unanimous decision on Wednesday, European Union governments reached an agreement to impose an 11th package of sanctions against Russia in response to its invasion of Ukraine. The primary objective of these sanctions is to prevent other nations and companies from evading the existing measures that have been put ...

In the lead-up to the police visit to Binance’s Paris office, the chief executive officer of Binance France nonchalantly waved off any concerns regarding the potential impact of regulatory charges in the United States on the exchange’s other operations. Drawing a rather unconventional comparison, the executive likened these concerns to ...

Elon Musk’s SpaceX has made history by hiring its youngest employee ever. Kairan Quazi, a 14-year-old software engineer, has joined the esteemed spacecraft company after successfully navigating SpaceX’s rigorous and exciting interview process, known for its technical challenges. Quazi’s appointment showcases the company’s commitment to recognizing talent regardless of age ...

Lawyers for Binance and founder Changpeng Zhao assert that SEC Chair Gary Gensler offered to serve as an advisor to Binance’s parent company in 2019, amid his current crackdown on crypto companies. According to documents submitted by the SEC on Wednesday, attorneys from Gibson Dunn and Latham & Watkins, both ...

In a filing made on Tuesday night, federal regulators expressed concern that the $2.2 billion worth of U.S. customer assets held by Binance, a cryptocurrency exchange, is under a “significant risk” of being misappropriated by its founder, Changpeng Zhao. The regulators emphasized the necessity of implementing a freezing order to ...

WASHINGTON – In his inaugural Oval Office address on Friday evening, President Joe Biden addressed the nation to discuss a significant bill aimed at raising the debt ceiling and imposing limits on federal spending. Describing the agreement as “critical,” President Biden highlighted the importance of this legislative measure. Subsequently, on ...

The US Transportation Department has imposed a $1.1 million (£878,000) fine on British Airways for alleged failure to issue refunds for flights that were cancelled during the coronavirus pandemic. In a legal document, the department stated that the airline did not promptly provide refunds to passengers for abandoned or rescheduled ...

India – The Reserve Bank of India (RBI) has announced its decision to withdraw ₹2,000 denomination banknotes from active circulation as part of its “Clean Note Policy.” It is important to note that the ₹2,000 notes will still retain their status as legal tender. This move echoes a similar withdrawal ...

The US government plans to invest $500 million to transform metropolitan areas in middle America into new centers for tech innovation. On Friday, the Department of Commerce announced the first notice of funding opportunity (NOFO) for the Regional Technology and Innovation Hub program, also known as Tech Hubs. This initiates ...