Bitcoin hit a new record high of US$107,554 on December 16 following growing interest in Bitcoin as a potential reserve asset. The speculations were spurred by a statement from US President-elect Donald Trump about creating a strategic reserve for cryptocurrencies. “We’re going to do something great with crypto because we…
A rocky year for restaurants separated the industry’s biggest chains into winners and losers, as eateries competed for a smaller pool of customers who have grown more discerning about how they spend their dollars. “I’ve been eating out less this year — it tastes just as good, and it’s way…
McKinsey & Company agreed to pay $650 million in a deferred prosecution agreement that will resolve a federal criminal probe into the company’s consulting work advising Purdue Pharma on how to increase sales of its opioid painkiller OxyContin, a court filing said Friday. A former top partner at McKinsey, Martin Elling, also agreed to plead guilty to…
President-elect Donald Trump and the head of Japanese tech conglomerate SoftBank, Masayoshi Son, will announce a $100 billion investment effort designed to spur artificial intelligence and related infrastructure projects. The effort, first reported by CNBC, will attempt to create 100,000 jobs over four years. Trump and Son announced a similar…
The former head of Ozy Media has been sentenced to 10 years in prison for his role in an alleged fraud involving the failed content startup. Carlos Watson was facing a maximum of 37 years in prison after his July conviction on securities and wire fraud charges. Prosecutors had sought…
Israel’s Foreign Minister Gideon Sa’ar announced the closure of the country’s embassy in Ireland on Sunday, accusing Ireland of “extreme anti-Israel policies.” “The actions and antisemitic rhetoric used by Ireland against Israel are rooted in the delegitimization and demonization of the Jewish state, along with double standards. Ireland has crossed…
Milei, who has three Italian grandparents who emigrated to Argentina in 1926, before he was born, was accorded it on the grounds of “ius sanguinis,” or his bloodline, the spokesperson said. Milei’s sister and political adviser Karina Milei was also granted Italian citizenship during the visit to Rome, during which…
In the early years of Xi Jinping’s war on corruption, the Chinese leader consolidated control over the world’s largest military by taking down powerful generals from rival factions and replacing them with allies and proteges loyal to himself. A decade on, having given the People’s Liberation Army (PLA) a structural…
An Israeli airstrike in Gaza killed an Al Jazeera photojournalist on Sunday – exactly one year to the day after an attack killed one of his colleagues. Ahmad Al-Louh, 39, and four other people were killed by the strike that targeted an office of the Civil Defense service in central…
Israeli Prime Minister Benjamin Netanyahu said Sunday that he had a “very warm” phone call with US President-elect Donald Trump, during which they spoke about the need for Israel’s victory in its war on Hamas in Gaza and its stance on Syria. In a video statement, Israel’s leader said he…