United States
- World News
Texas tot triggers turmoil with unloaded handgun in kindergarten
A kindergarten in San Antonio, Texas, was thrown into disarray as an unloaded handgun was discovered in the backpack of a three year old pupil. The child’s father, identified later as Pete Robles, was subsequently arrested today, sparking widespread controversy. The alarming incident was reported on Tuesday at the San Antonio Pre-K Center, with no injuries or security risks highlighted.…
- World News
Foot-shooting frenzy: US keeps stoking the flames of war with China (video)
Call it what you will: Shooting yourself in the foot, scoring an own goal, or simply provoking a bear in a cage with a big stick, the United States continues to stoke the flames of war with China. A day after US Secretary of State Antony Blinken met with Chinese President Xi Jinping, in a bid to ease tensions between the…
- Thailand News
US SEC sues Binance for deception, crypto market takes a hit
Cryptocurrencies and shares in blockchain-related firms experienced a sharp decline following the US Securities and Exchange Commission’s (SEC) lawsuit against Binance, the world’s largest crypto exchange. The SEC accused Binance and its CEO Changpeng Zhao of secretly controlling Binance.US, inflating trading volumes, diverting customer funds, and failing to restrict US customers from its platform. This has led to a drop…
- World News
Supreme Court grants Slack reprieve in shareholder lawsuit over 2019 direct listing
The US Supreme Court has granted Slack Technologies, a subsidiary of Salesforce, an opportunity to evade a shareholder lawsuit regarding the company’s 2019 direct listing. In a unanimous ruling, the court overturned a previous decision that allowed Fiyyaz Pirani’s proposed class action lawsuit to proceed, citing an incorrect interpretation of federal investor protection law. The San Francisco-based 9th US Circuit…
- World News
US House passes bill to suspend US$31.4tn debt ceiling, averts default
The US House of Representatives has passed a bill to suspend the US$31.4 trillion debt ceiling, with both Democrats and Republicans supporting the measure to avoid a catastrophic default. The legislation now moves to the Senate, which must enact it and get it to President Joe Biden‘s desk before the government runs out of funds to pay its bills. The…
- Politics News
US-Taiwan trade deal signing set to escalate Beijing-Washington tensions
Taipei has announced that the United States and Taiwan are set to sign a trade agreement, a move that is expected to increase tensions between Beijing and Washington over the island. The Office of Trade Negotiations in Taipei stated that the first set of agreements under “The US-Taiwan Initiative on 21st Century Trade” would be signed in Washington, without providing…
- World News
Biden, McCarthy in debt ceiling talks as US default risk looms
US President Joe Biden and House Speaker Kevin McCarthy met at the White House yesterday to discuss raising the US government’s US$31.4 trillion debt ceiling, with the US economy at risk if no agreement is reached within 10 days. The Democratic president and the top congressional Republican have struggled to make progress on a deal, as McCarthy pressures the White…
- Business News
Micron to invest £3.7bn in Japan’s EUV tech for advanced chip production
Micron Technology revealed planned yesterday to invest up to 500 billion yen (US$3.7 billion) in extreme ultraviolet (EUV) technology in the coming years, supported by the Japanese government. The advanced EUV lithography chip-making machines will be utilised to manufacture 1-gamma chips, which are essential for the mass production of materials used in complex applications such as image processing networks. The…
- Business News
FTX founder eyes Supreme Court ruling in bid to dismiss fraud charges
FTX founder Sam Bankman-Fried is seeking to use a recent Supreme Court ruling to strengthen his defence against fraud charges related to the collapse of his cryptocurrency exchange. However, legal experts have suggested that the chances of having the charges dismissed remain low. Bankman-Fried requested on May 8 that most of the charges against him be dropped, arguing that some…
- World News
Montana becomes first US state to ban TikTok over Chinese surveillance fears
Montana becomes the first US state to ban the Chinese-owned TikTok app, with Governor Greg Gianforte signing legislation that prohibits Google and Apple’s app stores from offering it within the state’s borders. The ban is set to take effect on January 1, 2024. TikTok, which has over 150 million American users, has faced increasing calls for a nationwide ban due…
- World News
CIA seeks Russian whistleblowers with emotional Telegram video
The US Central Intelligence Agency (CIA) ramped up its efforts to encourage Russians to disclose their country’s secrets, releasing a poignant video on Telegram targeting individuals dissatisfied with President Vladimir Putin‘s regime. The brief video portrays a Russian bureaucrat and a woman at home with a child, both seemingly discontent with their lives, and asks if this is what they had…
- World News
G7 finance leaders gather amid US debt ceiling standoff and recession fears
A standoff over raising the US debt ceiling overshadowed a meeting of Group of Seven (G7) finance leaders, heightening US recession fears as central banks seek a soft landing for the global economy. President Joe Biden recently urged Republican lawmakers to move quickly to raise the limit on the government’s permitted borrowing from the current US$31.4 trillion or risk throwing…
- Business News
Former Coinbase product manager sentenced in first cryptocurrency insider trading case
In a landmark legal decision, a former Coinbase Global Inc. product manager has been sentenced to two years in prison in what is being deemed the United State’s first case of insider trading involving cryptocurrency. Ishan Wahi, 32 years old, received his sentence from US District Judge Loretta Preska in a Manhattan federal court yesterday after pleading guilty to two…
- Business News
Biden meets Republican leaders in bid to resolve US debt limit impasse
A significant meeting took place between President Joe Biden and Republican leaders yesterday, with the hope of breaking the deadlock over the US debt limit, which could have repercussions in the upcoming presidential election. The key gathering had President Biden, House Speaker Kevin McCarthy, and Senate Republican leader Mitch McConnell discussing the national debt ceiling, which currently stands at US$31.4…
- World News
7 killed as car ploughs into Texas bus stop crowd
At least seven people lost their lives yesterday in South Texas, and several others were injured when a vehicle crashed into a group of individuals waiting at a bus stop outside a migrant aid centre. The police currently consider the incident an accident; however, a witness claimed that the driver had shouted insults at the group before speeding up. The…
- Business News
White House to discuss AI’s promise and risks with tech giants
The White House is set to host discussions with leading executives from Google, Microsoft, OpenAI, and Anthropic, aimed at tackling the potential risks and benefits of artificial intelligence(AI). The agenda includes Vice President Kamala Harris and other US administration officials exploring methods to ensure consumers reap the advantages of AI while remaining safeguarded from its potential dangers, as stated in…
- Business News
US Federal Reserve considers final interest rate hike to tackle inflation
The US Federal Reserve has commenced a two-day meeting to determine if it will raise its benchmark lending rate for possibly the last time in this campaign, in an effort to tackle persistent inflation. Since March of last year, the Fed has embarked on a bold series of interest-rate hikes to address inflation, which currently stands at 5%, significantly higher…
- World News
JPMorgan Chase swoops in to buy US crisis bank First Republic
US financial authorities seized California’s struggling First Republic Bank on Monday and sold it to JPMorgan Chase, hoping to bring stability to a banking crisis that has rattled the financial system. First Republic, following the disclosure of a loss of over US$100 billion in deposits in the first quarter, became the second-largest bank by assets to collapse in US history.…
- Business News
No ripple effect in Thailand from US banking crisis, says Finance Minister
Finance Minister Arkhom Termpittayapaisith insists that the recent troubles faced by some major banks in the United States have had no impact on Thailand so far. Arkhom added that the government is prepared to take action in case of any potential volatility that may arise from global markets. The comments were made in response to the recent collapse of Silicon…
- Technology News
Proposed RESTRICT Act could ban TikTok in the US
TikTok banned in the United States? If a new bipartisan bill gets its way, the popular short-video app could be blocked due to national security concerns. US Senators Mark Warner and John Thune have introduced a bill called the Restricting the Emergence of Security Threats that Risk Information and Communications Technology (RESTRICT) Act that could ban TikTok and other security…
- World News
China says the US, not them, are flying spy balloons
Tensions between China and the United States have increased following accusations from China that the US has been flying surveillance balloons into its airspace. The White House shot back that it is China, not them, launching spy balloons worldwide. National Security Council spokesperson Adrienne Watson responded on Twitter. “Any claim that the US government operates surveillance balloons over the PRC…
- World News
US to form military alliance with Philippines to check China
The United States is set to announce details of a new alliance with the Philippines and four new military bases on the island nation as it attempts to curb China’s expansion in the South China Sea. The US is keen to rekindle a former friendship with the Philippines, 30 years after they were told to leave, and plug a gap…
- Crime News
Teacher shot by 6 year old student in US
A shocking and disturbing incident occurred at Richneck Elementary School in Newport News, Virginia in the US yesterday. A 6 year old student shot and wounded a teacher, a woman in her 30s, during an altercation in the classroom. The teacher was taken to a local hospital with injuries believed to be life-threatening, but there has reportedly been “some improvement”…
- China News
China threatens retaliation over restrictions on Chinese tourists
China is striking back as governments around the world are making policies for Chinese tourists entering their countries. A massive Covid-19 wave has been surging through the mainland, but January 8 reopening plans are still in place allowing a huge tourism demographic of Chinese tourists to flock to holiday destinations worldwide. But not only that! China is threatening countermeasures against…
- Crime News
Mall of America shooting: one dead, five arrested
A shooting at the largest shopping centre in the United States is the latest in the unrelenting gun violence epidemic in the country. Police have now arrested five suspects in connection with a shooting inside the Mall of America, a massive shopping centre that draws tourists nationwide to Bloomington, Minnesota. The shooting occurred on Friday evening when apparently two groups…
- World News
Animal activists call for ban on US monkey imports
Animal activists are calling on the US government to ban imports of primates for laboratory use after a government report revealed that deadly pathogens entered the country through imported monkeys from Cambodia. The report detailed that between 2018-2021, six cases of Burkholderia pseudomallei were identified in such imported primates from Cambodia. The rare but deadly disease has a mortality rate…
- World News
What are US midterm elections?
US midterm elections are elections held during the middle of a president’s four-year term in office (so two years into their term). These elections are held on the Tuesday after the first Monday of November, which means today. During midterms, all 435 seats in the US House of Representatives are up for election. This year, 35 out of the 100…