U.S. Treasury Secretary Janet Yellen has issued a warning to Chinese banks and companies, as well as Beijing’s leadership, stating that there will be sanctions imposed if they assist Russia’s armed forces with the invasion of Ukraine. Yellen made this statement in an interview with CNBC’s Sara Eisen in Beijing, emphasizing that any involvement in
Politics
The recent decision by Israel to withdraw troops from Southern Gaza has sparked discussions about the country’s military strategy. According to National Security Spokesman John Kirby, the troop withdrawal is primarily aimed at allowing the soldiers to rest and refit after being on the ground for an extended period. This move does not necessarily indicate
Donald Trump continues to make headlines with his controversial statements as he prepares to face a hush money trial in New York. Trump recently took to Truth Social to compare himself to Nelson Mandela, the former president of South Africa, and Jesus Christ in response to his upcoming legal battle. The former president stated that
As U.S. Treasury Secretary Janet Yellen embarked on her visit to China, the focus was largely on discussions surrounding overcapacity concerns and the encouragement for market-oriented reforms. Yellen’s meetings with key Chinese officials highlighted the importance of a healthy economic relationship that benefits both nations. The issue of China’s industrial overcapacity, which has raised global
In a recent development, British billionaire Joe Lewis was ordered by a U.S. judge to pay a $5 million fine and serve three years of probation for sharing illegal stock tips. Lewis, founder of the Tavistock Group, pleaded guilty in January to one count of conspiracy and two counts of securities fraud. U.S. District Judge
Two Florida brothers, Michael Shvartsman and Gerald Shvartsman, have pleaded guilty in New York federal court to insider trading charges. The charges are related to their purchase and sale of securities of the company that eventually merged with former President Donald Trump’s social media firm. The brothers were able to earn more than $22 million
President Joe Biden’s recent phone call with Chinese President Xi Jinping marks an important step in the efforts to manage the strained relationship between the two superpowers. The call, described by the White House as a way for the leaders to “check in,” highlights the need for intense diplomacy to address tensions, misperceptions, and prevent
After a two-week operation, Israeli forces have withdrawn from Al Shifa Hospital in Gaza City, leaving behind a scene of devastation. Reports indicate that the hospital complex was in a state of disarray, with destroyed buildings and Palestinian bodies scattered throughout the area. Allegations have surfaced that Israeli forces executed individuals at the complex, with
The recent collapse of the Francis Scott Key Bridge in Baltimore has sent shock waves across the U.S. economy. Maryland Governor Wes Moore described it as a national economic catastrophe, emphasizing the significance of the bridge as a key shipping route for certain goods. The Port of Baltimore, which is among the busiest and most
Engineers in Maryland have initiated efforts to raise a portion of the Francis Scott Key Bridge from the waterway in Baltimore following its collapse due to a container ship collision. Governor Wes Moore emphasized the significance of this initial action, highlighting the complexities involved in the process. Baltimore Mayor Brandon Scott expressed empathy for the