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US regulator drops lawsuit against Binance
The US Securities and Exchange Commission (SEC) on Thursday dropped its civil lawsuit against the cryptocurrency exchange Binance and its majority shareholder, Changpeng Zhao.
A bad wrap: An angry Trump blasts the 'TACO Theory'
President Donald Trump made no pretense at hiding his irritation this week when he was asked by a reporter about "TACO" -- an acronym that has been gaining traction among Wall Street traders who believe that "Trump Always Chickens Out." "This is the TACO Theory: Trump Always Chickens Out."
Brazil sues China's BYD over 'slavery' conditions on build site
Brazilian prosecutors are suing Chinese electric car giant BYD and two contracting companies for human trafficking and alleged slave labor conditions at a build site, according to legal documents seen by AFP Thursday.
What comes next in Trump's legal battle over tariffs?
A US federal appeals court has temporarily halted a ruling that found many of President Donald Trump's tariffs illegal, but the chance it could ultimately back the original decision looms over the White House. - The appeals court could eventually uphold the trade court's original decision to block Trump's sweeping tariffs.
US judge sentences ex-Goldman Sachs banker to two years over 1MDB scandal
A US judge on Thursday sentenced a former Goldman Sachs banker central to the 1MDB scandal to two years in prison after prosecutors argued for leniency due to his cooperation. But Goldman Sachs dismissed Leissner's cooperation.
Trump steps up call for US rate cuts in talks with Fed chief
US President Donald Trump on Thursday stepped up the pressure on Federal Reserve chair Jerome Powell to cut interest rates, in their first sit-down since the Republican returned to the White House in January. Trump told Powell that he was "making a mistake by not lowering interest rates," White House Press Secretary Karoline Leavitt told a press briefing after the meeting.
Sidi Ould Tah: Africa's new 'super banker'
Sidi Ould Tah is the first Mauritanian to become president of the African Development Bank (AfDB) and will need all his international experience to tackle the challenges facing the institution.
Generative AI's most prominent skeptic doubles down
Two and a half years since ChatGPT rocked the world, scientist and writer Gary Marcus still remains generative artificial intelligence's great skeptic, playing a counter-narrative to Silicon Valley's AI true believers.
Boeing CEO confident US will clear higher MAX output in 2025
Boeing is eyeing approvals for significantly higher production of the 737 MAX in 2025 after US authorities allowed increased output on the 787 plane, the company's CEO said Thursday. Boeing CEO Kelly Ortberg said the company could win US approval to raise MAX output at mid-year and again at the end of 2025.
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