Washington Financial News

Politicians on both sides of the Atlantic are speaking out against Twitter and its owner Elon Musk after the embattled social media company suspended the accounts of a competitor and several journalists, many of whom have written critically of Musk.

By Andrea Shalal

Wagner boss of «going off the rails» after receiving billions in public funds, as Moscow's new narrative takes shape after Wagner's brief mutiny. Last weekend the head of the Wagner mercenary group, Yevgeny Prigozhin, led his forces in a short-lived rebellion against Russia's top military brass, in a huge embarrassment for the Kremlin. «Prigozhin has gone off the rails because of big money,» Dmitry Kiselev, one of the main faces of the Russian propaganda machine, said on his weekly television show on Sunday.

Joe Biden has scheduled a diplomatic trip to Europe this month with stops in the United Kingdom, at the NATO summit in Lithuania and for meetings in Finland, the White House said Sunday. Biden is set to depart July 9 for «engagements» with the UK's King Charles III and Prime Minister Rishi Sunak, the White House said in a statement.

technology firms are looking at relocating their manufacturing bases to India to bring down their exposure to the Chinese market, top policymakers in the Taiwan government have said, amid the self-governed island's increasingly tense relations with China. Deputy Minister for Taiwan's National Development Kao Shien-Quey said there is huge scope for collaboration between New Delhi and Taipei in areas of emerging and critical technologies including manufacturing of semiconductors and electronics equipment.

Rahul Gandhi to marry. Given that Sonia Gandhi keeps getting upset over her son's refusal to get married, was it just an affectionate elder politician offering advice to a younger leader, that too on a public platform? Or, did Yadav really eye a stronger opposition unity through an envisioned 'Baraat Jodo Yatra' when he said that all opposition leaders would come as 'baraati's for Gandhi's wedding? Or did his advice go much beyond that? A significant number of successful politicians in India are/were indeed conspicuously single/unmarried.

After a six months gap, the actress is now active again on Instagram. She made her first post since her much-publicised trial against ex-husband Johnny Depp, who sued her after she accused him of domestic violence in a 2018 op-ed published in The Washington Post. On June 30, the ‘Aquaman’ actress shared a picture of her smiling and wrote, “Thank you for such an incredibly warm reception at the Taormina Film Festival for my latest movie In the Fire.

Tesla technology in charging stations, saying it is «premature,» according to a document seen by Reuters and a source aware of the matter. Reuters reported last week that Texas would require charging companies to include both Tesla's North American Charging Standard (NACS) as well as the nationally recognized rival Combined Charging Standard (CCS) technology to be eligible for a state program to electrify highways using federal dollars.

The maker of ChatGPT, OpenAI, is facing a class action lawsuit alleging that the company’s AI training procedures infringed the privacy and copyright of virtually everyone who has ever uploaded information online. To train its cutting-edge AI language models, OpenAI gathered a sizable amount of data from diverse online sources. These datasets include a variety of content, including explicit content from specialised genres as well as Wikipedia articles, best-selling books, social media posts, and popular publications. More significantly, OpenAI collected all of this data without first getting consent from the content producers.

Narendra Modi and Russian President Vladimir Putin had a phone conversation on Friday, where they discussed the situation around Ukraine and how Moscow successfully dealt with a rebellion by armed mercenaries, the Kremlin reported.PM Modi expressed his backing for what the Kremlin called the Russian leadership's decisive actions in handling the mutiny by the Wagner mercenary group last Saturday, as stated by the Kremlin. «On Friday, at the initiative of the Indian side, Russian president Vladimir Putin had a telephone conversation with PM Modi.

Brookfield Asset Management Ltd. is aiming to raise US$15 billion for its fifth flagship real estate fund, less than its previous version, according to people familiar with the matter, as the global property market is roiled by rising borrowing costs.

Despite a long history spent away from the public spotlight, Binance co-founder and senior executive Yi He is finally speaking up as two of the United States’ chief market regulators sue her company.

Israel has seized millions of dollars worth of cryptocurrency allegedly used to finance the Iran-backed militant groups.

The United States majority Senate leader Chuck Schumer plans to call for “comprehensive legislation” regarding safety measures for artificial intelligence (AI). 

A Victorian brownstone in Washington DC linked to former FTX CEO Sam Bankman-Fried may have been sold. 

An unidentified buyer or buyers could soon own a property previously linked to defunct cryptocurrency exchange FTX and its former CEO Sam Bankman-Fried in Washington D.C.’s Capitol Hill neighborhood.

BlackRock has recently filed an application for a spot Bitcoin ETF with the Securities and Exchange Commission.

Securities and Exchange Commission to strike a compromise with Binance that would allow the global cryptocurrency exchange to continue operating in the United States as it fights a civil fraud lawsuit filed by the regulator. Last week, the SEC charged Binance and its U.S. affiliate with mishandling customers' deposits and lying to regulators. It also sought to freeze the company's U.S. assets, a move that Binance claimed would force it to shut down in the United States. At a hearing in Washington on Tuesday, Judge Amy Berman Jackson of the U.S. District Court for the District of Columbia asked the two sides to confer on a possible agreement over the asset freeze, telling them that they were closer to a deal than the rhetoric in their court filings suggested. Jackson ordered them to continue negotiating and to submit a status update by Thursday. She also expressed skepticism about the SEC's use of its enforcement powers to regulate the crypto world, calling it «inefficient and cumbersome.»

WASHINGTON —  The Federal Reserve on Wednesday decided against what would have been an 11th consecutive interest rate increase as it measures what the impacts have been from the previous 10. But the decision by the Federal Open Market Committee to hold off on a hike at this meeting came with a projection that another two quarter percentage point moves are on the way before the end of the year.

The world’s largest asset manager is close to filing an application for a bitcoin exchange-traded fund, according to CoinDesk. 

The Binance Coin price has risen by 4% in the past 24 hours, reaching $235 as the altcoin tries to shake off the steep losses caused by the SEC's legal action against Binance.