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Crypto mogul Do Kwon sentenced to 15 years for fraud
Crypto mogul Do Kwon sentenced to 15 years for fraud
by  AFP

A US court sentenced cryptocurrency tycoon Do Kwon to 15 years in prison Thursday over fraud linked to his company's failure, which wiped out $40 billion of investors' money and shook global crypto markets. Kwon successfully marketed them as the next big thing in crypto, attracting billions in investments and global hype.

Crypto mogul Do Kwon sentenced to 15 years for fraud: US media
Crypto mogul Do Kwon sentenced to 15 years for fraud: US media
by  AFP

South Korean cryptocurrency tycoon Do Kwon was sentenced to 15 years in prison Thursday over fraud linked to his company's failure, which wiped out $40 billion of investors' money and shook global crypto markets, US media reported. Kwon successfully marketed them as the next big thing in crypto, attracting billions in investments and global hype.

US Treasury chief seeks looser regulation at financial stability panel
US Treasury chief seeks looser regulation at financial stability panel
by  AFP

US Treasury Secretary Scott Bessent signaled key changes Thursday to a high-level panel on financial stability, putting more emphasis on economic growth and reduced regulation. Chaired by the Treasury secretary, it comprises representatives of top financial regulators including the Federal Reserve, the Securities and Exchange Commission, and the Federal Deposit Insurance Corporation.

Make your own AI Mickey Mouse - Disney embraces new tech
Make your own AI Mickey Mouse - Disney embraces new tech
by  AFP

Walt Disney and OpenAI announced a three-year licensing deal Thursday that will allow users to create short videos featuring beloved Disney characters through artificial intelligence. Disney shares rose as much as two percent on Thursday after the announcement.

Mexico approves measure raising tariffs on Chinese imports
Mexico approves measure raising tariffs on Chinese imports
by  AFP

President Claudia Sheinbaum defended a tariff increase on goods from China and other countries with which Mexico has no trade agreements, saying the measure was intended to strengthen the national economy. "The reason for these legal adjustments is to strengthen the national economy," she said.

Steam - and uncertainty - rise from Serbia's shuttered refinery
Steam - and uncertainty - rise from Serbia's shuttered refinery
by  AFP

Steam still rises from the chimneys of Serbia's only oil refinery as it slowly grinds to a halt under US sanctions, fuelling fears of job losses and uncertainty. Vladimir Mutavdzic, 33, from Pancevo, also feared job loss -- and the impact not just locally, but across Serbia.

Time magazine names 'Architects of AI' as Person of the Year
Time magazine names 'Architects of AI' as Person of the Year
by  AFP

Time magazine named the "Architects of AI" as its Person of the Year on Thursday, highlighting the US tech titans whose work on cutting-edge artificial intelligence is transforming humanity. Yet the magazine notably steered away from using AI to generate its cover art, opting instead for human artists.