Vietnamese Real Estate Tycoon Awaits Death Sentence Appeal Over $12.5 Billion Fraud
Truong My Lan, a Vietnamese tycoon, faces life imprisonment and a prior death sentence for property and bond fraud involving billions of dollars.
Australian PM Faces Backlash Over $2.9M Waterfront Property Purchase During Severe Housing Crisis
Australian PM Anthony Albanese, who earns $400,000 annually, faces criticism for buying a $2.9 million waterfront home during a housing crisis.
Indian Aviation Industry Hit By Multiple Bomb Threat Hoaxes, Causing Delays And Flight Diversions
Indian airlines, including Air India, IndiGo, SpiceJet, and Akasa Air, faced multiple fake bomb threats over 48 hours, but the reason for the surge is still unknown.
Walgreens To Shut Down 1,200 Stores By 2027 As Part Of $1 Billion Cost-Cutting Strategy, Despite Beating Q4 Earnings Estimates
Walgreens exceeded Q4 sales expectations but plans to close 1,200 stores by 2027 as part of its cost-cutting strategy.
Editor's Pick
China Imposes Trade Restrictions, Blacklisting on US Arms Suppliers for Selling Missiles, Jets to Taiwan
China has imposed sanctions on US companies selling arms to Taiwan, including trade restrictions and potential blacklisting, as tensions rise over Taiwan’s military acquisitions from the US.
Titan Submersible Employee to Testify That the Submarine Is 'Unsafe' Prior to Fatal Titanic Mission
An employee who labeled OceanGate’s Titan submersible as ‘unsafe’ will testify before U.S. Coast Guard investigators, potentially impacting the company’s future operation.
Global Central Banks Set to Lower Interest Rates: How Could This Impact Your Loans and Savings?
Central banks globally are set to announce interest rate changes this week, with the US expected to cut rates by up to half a point, while other countries will either hold steady or make smaller adjustments.
Investors
Most Read
Regions
China Bans Taiwan’s Fruit and Seafood Imports, Igniting Trade Dispute
China has banned Taiwan’s fruit, seafood, and vegetables imports, escalating tensions over trade and military issues.
Global Stocks Drop as Japan's Nikkei Falls 13% and European Shares Hit Six-Month Lows
China and Italy Hopes to Revive Ancient 'Silk Road' Route With New Trade Agreement
Novo Nordisk CEO Faces Investigation After Senate Reveals Ozempic And Wegovy Cost Up To 13 Times More In The US
Novo Nordisk CEO Lars Fruergaard Jørgensen will face a Senate hearing over the high prices of weight loss drugs Wegovy and Ozempic in the US.
Scotland-England Electric Link to Power 2 Million Homes, Construction Starts 2028
Regulators have approved a £4.3 billion subsea cable project between Scotland and England, designed to enhance renewable energy transfer and boost energy security.
ECB’s Interest Rates Remain Unchanged But May See Cuts in September
European Commission President Ursula von der Leyen Re-Elected to Second Term
Deals
Funding
Godmother of AI' Fe-Fei Li Secures $1B Valuation for New Startup, World Labs
Fei-Fei Li’s AI startup, World Labs, raised $230 million in funding, valuing the company at over $1 billion as it prepares to develop AI models for 3D interaction by 2025.
Nvidia Rival Groq Raises $640 Million in a New Funding Round
Groq was originally looking to raise $300 million at a slightly lower valuation. Groq, an artificial intelligence chipmaking startup, has secured more than $600 million in a recent funding round, the company announced Monday.
Trump Campaign's Financial Advantage Short-Lived as Democrats Surge with $100M Funds in Just 1 Day
Donald Trump and the RNC gained a financial edge over Democrats by June, but a historic fundraising surge followed Biden's withdrawal and endorsement of Kamala Harris.
Tractor Drone Maker Monarch Reveals $133 Million Series C Funding
Monarch Tractor CEO Praveen Penmetsa recently announced that it has raised $133 million through its Series C funding.
People
Businessman Arrested for Role in $34.8 Million Crystal Meth Seizure, Link to Dangerous Mexican Drug Trades
A businessman has pleaded guilty to his role in Ireland's largest crystal meth seizure, totaling 564 kg valued at approximately $35 million, and is set to be sentenced in December.
US Retirees Face Long-Term Care Costs That Could Jeopardize Savings—Here's What Financial Experts Suggest
U.S. retirees are increasingly worried about financial risks due to soaring healthcare costs and longer life expectancy, with 45% facing potential shortfalls in retirement funds.
US Jobless Rate Surges by 15%; Majority Due to Hurricane Helene and Boeing Strike
The US jobless rate last week has risen by 33,000 to 258,000, exceeding predictions, mostly due to Hurricane Helene and Boeing's temporary furlough for thousands of employees.
