Author: Grace Johnson

The United States has seized more than $14 billion in bitcoin and charged Cambodian businessman Chen Zhi, founder of the Prince Group, for allegedly running one of the world’s largest cryptocurrency scams. The joint US-UK operation uncovered a sprawling criminal network built on fraud, forced labour, and international money laundering. Cambodian Businessman Accused of Leading International Fraud Chen Zhi, a dual citizen of Cambodia and the UK, was charged in New York with conspiracy to commit wire fraud and money laundering. Both governments sanctioned his companies and froze his assets. UK authorities confirmed 19 London properties linked to Chen’s network…

U.S. Treasury Secretary Scott Bessent has criticized China’s export controls, warning that they threaten the global economy. His remarks underline Washington’s commitment to protecting international trade and financial stability. Bessent accused Beijing of actions that disrupt supply chains and create uncertainty for businesses worldwide. He emphasized that the United States will monitor these measures closely and respond as needed to safeguard economic interests. China’s export restrictions affect critical products and technologies. Experts warn that these measures could slow production, raise costs, and impact companies dependent on international trade. Bessent stressed that fair economic practices are essential to maintain stability and…

Virudhunagar, a small town in southeastern India, is famous for temples that have stood for centuries. But today, it hosts a new kind of innovation: training artificial intelligence systems that serve the world. Tradition meets technology Mohan Kumar spends his days teaching machines to understand and predict the world. “I work in AI annotation. I collect and label data to train models that recognize objects and make decisions independently over time,” he explains. India has long been a hub for outsourced IT work, with cities like Bangalore and Chennai dominating. Recently, companies have shifted operations to smaller towns where talent…

China has accused the United States of escalating a global trade conflict after Donald Trump threatened to impose a 100% tariff on Chinese goods. Beijing called the threat “a blatant example of double standards” and warned it could retaliate if Washington follows through. A commerce ministry spokesperson said China “does not want a trade war, but will not shy away from one.” Trump fuels tensions with fresh tariff warning Trump’s threat came after China tightened export rules for rare earth materials critical to advanced technologies. He accused Beijing of acting “hostile” and trying to hold the world “captive.” The former…

Millions of computer users face a critical deadline. Microsoft will officially end support for Windows 10 on Tuesday, 14 October. After that date, PCs will stop receiving essential security updates, leaving them vulnerable to hackers and malware. Without these updates, older systems will become easy targets. Microsoft urges users to upgrade to Windows 11 for free, though many devices cannot meet the new system’s hardware requirements. Nathan Proctor, senior director at US consumer group PIRG, warns that ending support could affect both consumers and the environment. Millions continue to rely on Windows 10 Windows remains the world’s most widely used…

The European Union’s economic policies are showing positive results, leading to stronger trade relations and improved stability across its member countries. Recent reports highlight that the EU’s strategies are helping the region maintain steady growth and attract investment. Experts say the EU’s focus on sustainable development, trade agreements, and fiscal coordination has been central to this progress. Member countries are seeing benefits in both domestic markets and international trade, creating a more resilient economic environment. Trade relations between EU nations and global partners have strengthened, thanks to policies that promote fair commerce and reduce barriers. This has encouraged businesses to…

Only four bottles of Asahi Super Dry remain on the shelves at Ben Thai, a small restaurant in Tokyo’s Sengawacho district. Owner Sakaolath Sugizaki hopes for new deliveries soon, but suppliers hold most stock for larger clients. Major beer production halts after cyber-attack Japan’s leading beer producer, Asahi, stopped operations at most of its 30 factories last month after a cyber-attack. All facilities, including six breweries, have partially reopened, but computer systems remain offline. The company now relies on pen, paper, and fax machines to process orders and shipments, drastically reducing delivery volumes. Asahi accounts for around 40% of Japan’s…

“This technology is our future threat,” warns Serhiy Beskrestnov as he examines a newly captured Russian drone. Unlike traditional weapons, it uses artificial intelligence to locate and strike targets without human control. Beskrestnov, a consultant for Ukraine’s defence forces, has analysed countless drones since the war began. This model stands out. It neither sends nor receives signals, making it impossible to jam or detect. Both Ukrainian and Russian forces now deploy AI on the battlefield. They use it to locate enemy positions, analyse intelligence, and clear mines faster than ever before. AI becomes Ukraine’s invisible ally Artificial intelligence has become…

Elon Musk has reached a settlement in a $128 million lawsuit filed by four former senior executives of Twitter, now rebranded as X. The case focused on unpaid severance the executives said Musk refused to pay after his 2022 takeover. Executives claim they were fired unfairly The group, including former CEO Parag Agrawal, said Musk dismissed them without cause and denied the severance promised under their contracts. In a court filing, their lawyers wrote, “The parties have reached a settlement, and the settlement requires certain conditions to be met in the near term.” The financial details were not disclosed. The…

Gold has surged past $4,000 (£2,985) an ounce, reaching an all-time high. Investors are flocking to the precious metal amid growing fears over political instability and economic turbulence worldwide. The rally marks gold’s strongest surge since the 1970s. Prices have risen nearly one-third since April, when US President Donald Trump’s tariffs disrupted international trade and rattled markets. US shutdown intensifies market fears The ongoing US government shutdown, now in its second week, is heightening investor anxiety. Analysts say delays in releasing key economic data have added to uncertainty. Gold, widely considered a safe haven, continues to gain from this volatility.…