
Prosecutors accuse FTX's Bankman-Fried of witness tampering
By Shubham Kalia and Gokul Pisharody U.S. prosecutors have accused FTX founder Sam Bankman-Fried of witness tampering and
2023-07-21 15:22

Millions travel across China as national holiday kicks off
Chinese travellers thronged transport networks Friday as an eight-day national holiday kicked off, the first October break since the end of the strict zero-Covid policies that separated...
2023-09-29 18:25

Elizabeth Holmes prison: Everything we know about disgraced Theranos founder going to jail
Disgraced Theranos founder Elizabeth Holmes is about to begin her 11-year prison sentence after being found guilty of defrauding investors, including media mogul Rupert Murdoch, over fake claims about the company’s blood-testing capabilities. As well as being handed jail time over her role in misleading investors, Holmes was also ordered to pay $452m in restitution. Follow the latest updates live “This is a fraud case where an exciting venture went forward with great expectations and hope, only to be dashed by untruth, misrepresentations, hubris, and plain lies,” Judge Davila, presiding over the case, said before handing down the prison sentence to Holmes. “I suppose we step back and we look at this, and we think, what is the pathology of fraud? Is it the inability or the refusal to accept responsibility or express contrition in any way? Now, perhaps that is the cautionary tale that will go forward from this case.” Ahead of being sentenced, Holmes, who has long maintained she did not intend to defraud anyone, told the court: “I am devastated by my failings. “Every day for the past years I have felt deep pain for what people went through because I failed them. I regret my failings with every cell of my body.” Where will Holmes serve her sentence Holmes, who requested 18 months of house arrest as a punishment, will begin her sentence at Federal Prison Camp Bryan in Texas – an all-female facility 100 miles from Holmes’ hometown. The minimum security prison houses around 500 inmates, and runs a variety of programmes intended to prepare prisoners for life after incarceration, according to Camp Bryan’s handbook. Holmes’ day will begin at 6am, when inmates are woken up for meals and work; people failing to comply with the strict wakeup rules are subject to punishments. Inmates are then counted at five different times during the day, when they must assemble in specific areas (once again, punishments are doled out to those who are not present at these times). The prison features a study, game room, and work programmes that see all inmates take part in a six-week course on the importance of efficiency in the workplace before they are placed into a role – with some prisoners earning as little as $0.12 in some assignments. According to the handbook, “All designated inmates are required to develop a financial plan to meet their financial obligations”, which for Holmes will mean reparations of $452m. How will Holmes keep in touch with her family? Holmes is married to Billy Evans, and the pair have two children, William, 2, and newborn Invicta. She lives around 100 miles from her family, who will be permitted to visit at weekends. Inmates at Camp Bryan are also permitted to take part in video sessions with their friends and family, according to the handbook, as well as to send and receive text messages. Prior to beginning her sentence at Camp Bryan, Holmes spent the weekend with her husband and children at the beach.
2023-05-30 22:27

Know any airplane mechanics? A wave of retirements is leaving some US industries desperate to hire
Across the U.S. economy, a number of industries are facing the same formidable challenge: Replenishing a workforce that is being diminished by a surge of retirements that began during the pandemic and has continued since
2023-06-01 18:58

Debt ceiling talks push Washington toward new era of deficit cuts
One outcome is clear as Washington reaches for a budget deal to end the debt ceiling standoff: The ambitious COVID era of government spending is giving way to a new focus on stemming deficits
2023-05-13 12:15

Liberty Networks Deploys Taara’s Wireless Optical Communication Technology To Increase High-Capacity Connectivity In The Eastern Caribbean Region
MIAMI, FL.--(BUSINESS WIRE)--Nov 1, 2023--
2023-11-01 20:57

Ramaswamy’s Crypto Deregulation Plan Is Scaring the Industry
Presidential candidate Vivek Ramaswamy’s call for mass deregulation of the cryptocurrency industry and drastic cuts to the Securities
2023-11-23 03:59

Oil stable as investors weigh US debt uncertainty, potential OPEC+ cuts
By Laura Sanicola and Jeslyn Lerh SINGAPORE (Reuters) -Oil prices were little changed on Thursday as uncertainty over whether the
2023-05-25 12:46

Italian Leader Meloni to Leave G-7 Early to Deal With Floods
Italian Premier Giorgia Meloni will leave the Group of Seven summit in Japan a day early to help
2023-05-20 20:52

This Week in China: Biggest Reopening Fans Are Now Underweight
No valuation case seems compelling enough to keep global investors from giving up on Chinese assets. The evidence
2023-06-02 12:54

Tornado-damaged Pfizer plant in North Carolina restarts production
A major Pfizer pharmaceutical plant has restarted production, 10 weeks after it was heavily damaged by a tornado
2023-09-26 01:51

Glencore, Anglo Join South Africa in $1.5 Billion Water Plan
Some of the world’s biggest mining companies are working with South Africa’s government on a 27 billion rand
2023-07-14 15:54
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