Musk warns of Twitter bankruptcy as more execs quit
FTX looks for $9.4 bln in rescue funds: source
Wall Street soars on sign of cooling inflation
'Prudent regulation' of cryptocurrencies needed -WH
Fed will have hard time raising rates much farther after CPI report -analyst
Crypto having its 'Lehman-Bear Stearns moment' -analyst
U.S. inflation eases more than expected -report
Inflation catches up with Germany's beloved kebabs
The Los Angeles Superior Court judge threw out charges of conspiracy and grand theft by embezzlement of public funds against Eugene Yu, the CEO of Konnech, at the request of Los Angeles District Attorney George Gascon.
Konnech did not respond to a request for comment.
The office of Gascon, a Democrat, said the request stemmed from potential bias that it did not detail.
“We are concerned about both the pace of the investigation and the potential bias in the presentation and investigation of the evidence,” Tiffiny Blacknell, a spokeswoman for the office, told The Epoch Times in an email. “As a result, we have decided to ask the court to dismiss the current case, and alert the public in order to ensure transparency.”
Gary Lincenberg, an attorney representing Yu, said the dismissal shows that his client is innocent.
“Mr. Yu’s good name was tarnished by false narratives from fringe conspiracy theorists who bragged about enlisting Los Angeles prosecutors to further their political agenda. They have since been found in contempt of court and were imprisoned for their contempt. We are grateful that our judicial system still has checks and balances to guard against their dangerous conduct,” Lincenberg said in a statement to The Epoch Times.
He was referring to leaders of True the Vote, who were jailed after refusing to identify a person they described as a confidential FBI informant, but released from jail this week after an appeals court overruled the judge who issued the confinement order.
According to The Times of Israel, the bombers were on their way back from the Persian Gulf when they met with the Israeli jets. “The flight took place as part of the increasing cooperation with the US military,” the Israeli Defense Forces said in a statement.
US Central Command (CENTCOM), which oversees US military operations in the Middle East, said in a press release that it conducted a “Bomber Task Force mission” in the region with two B-52s. It said the bombers came from the Barksdale Air Force Base in Louisianna and integrated with “13 partner nation air forces” while on the mission.
The Department of Defense has announced that it will send Avenger air defense systems and a number of other weapons to Ukraine, bringing US security assistance to Kiev to over $1 billion in the last month alone.
A Pentagon press release issued Thursday says President Joe Biden approved a $400 million weapons transfer to Ukraine. The White House claims it can directly send arms from American stockpiles to foreign governments under the Presidential Drawdown Authority, insisting it requires no congressional authorization for the massive arms shipments. While the military has warned its weapons supplies are dwindling after the White House greenlit 25 rounds of security assistance for Kiev since Russia invaded in February, the aid appears to be set to continue into the foreseeable future.
The latest weapons package will include four Avenger air defense systems, self-propelled platforms capable of firing Stinger surface-to-air missiles. Boeing assembles the Avenger vehicle, while Raytheon – the former employer of Defense Secretary Lloyd Austin – manufactures its munitions.
Alena Douhan, a special rapporteur on unilateral coercive measures, made the comments after a 12-day visit to Syria. There she found that sanctions are harming civilians in many ways, including by causing a shortage of medicine and medical equipment.
“In the current dramatic and still-deteriorating humanitarian situation, as 12 million Syrians grapple with food insecurity, I urge the immediate lifting of all unilateral sanctions that severely harm human rights and prevent any efforts for early recovery, rebuilding, and reconstruction,” Douhan told the UN Security Council.
The talks will mark the first in-person meeting between the two leaders since President Biden came into office in January 2021. They are expected to discuss multiple issues, including Ukraine and the simmering tensions between the US and China over Taiwan.
A senior US official said that the meeting was about better understanding each other, but major differences aren’t expected to be resolved. “One of the main objectives is really about deepening their understanding of one another’s priorities and intentions and, where possible, with the goal of reducing misunderstandings and misperceptions,” the official said, according to The South China Morning Post.
I felt it then. I feel far more certain of it now. My dad, who died in 1983, was a member of what came to be known as the Greatest Generation, those who served in World War II. In fact, he volunteered the day after Pearl Harbor (though he was then old enough that he might not have been drafted) and ended up in the U.S. Army Air Corps — there was no separate Air Force in those days — with the First Air Commandos fighting the Japanese in Burma.
And here was the strange thing: though he had souvenirs of that war in his closet, including an old mess kit, a duffle bag filled with papers, his major’s hat, and various wartime badges, and as a boy I was fascinated, he would never really talk about his time at war. The only exceptions were those sudden outbursts of anger because my mother had shopped at a nearby grocery store whose owners, he claimed, had been war profiteers, or later because I had gone to a Japanese restaurant or bought a German car (a Volkswagen). Mind you, I thought I knew all there was to know about his war experience because he used to take me to the war movies of the 1950s where we both watched Americans ever triumphant, ever satisfied, ever glorious — and he never said a word about them, which seemed to validate everything I saw on screen.
The defense sector spent over $101 million on federal lobbying during the first three quarters of 2022 and affiliates of these companies have contributed $17.5 million to members of Congress during the 2022 midterm election cycle as of Oct. 19, a new OpenSecrets analysis found.
Congress is expected to pass the largest Pentagon spending bill in history after the midterm election. A huge share of the potential $858 billion package passed by the Senate Armed Services Committee – which still needs to be approved by both the House and Senate – will likely go to companies in the defense sector. One-third to half of the money allocated to the Department of Defense and related programs went to defense contractors from 2001 to 2020, the Brown University Costs of War Project found.
Aerospace and defense prime contractors –those that bid to work directly with the government on certain contracts – dramatically consolidated from 51 in the 1990s to just these five companies today, according to a February report from the Department of Defense.
GOP Arizona gubernatorial candidate Kari Lake and U.S. Senate candidate Blake Masters are likely to make large gains as ballots continue to be counted in the Grand Canyon State.
Lake has already overcome a double-digit election night deficit to pull within less than one percentage point of rival Katie Hobbs in the governor’s race.
As of Thursday afternoon, approximately 16,700 votes separated Lake and Hobbs, down from 183,000 on Tuesday night. In the Senate race, incumbent Democratic Sen. Mark Kelly leads Masters by roughly 5 percentage points or about 100,000 votes with 70 percent of the vote in.
Cohen said a poll worker removed two USB sticks from the machine before the results were completely uploaded. Because one has results on it and one does not, officials are unsure of the actual results.
Superior Court Judge David Bauman has given the Monmouth County Superintendent of Elections approval to open the machines.
A piece of NASA's fallen Challenger has been discovered in the Atlantic Ocean off the coast of Florida nearly 37 years after the craft exploded 73 seconds into flight and killing all seven astronauts aboard.
It was found by a History Channel documentary diving crew who shared footage of the find with the American space agency because the 'large humanmade object' was in 'proximity to the Florida Space Coast.'
NASA confirmed it is a segment of the heat shield that was in the nose cone of the Challenger, marking 'the first discovery of wreckage' from 1986 craft in more than 25 years,' History Channel proudly announced on Twitter Thursday.
Infowars host Alex Jones was temporarily blocked from transferring any assets or spending money other than for ordinary living expenses by the judge overseeing the Sandy Hook defamation trial in Connecticut.
State court Judge Barbara Bellis, who oversaw the case in which a jury last month ordered Jones to pay nearly $1 billion for spreading lies about the 2012 elementary school massacre, issued the freezing order late Wednesday over concerns that he was “looting” his own estate and hiding assets through a series of shell companies owned by family members.
“With the exception of ordinary living expenses, the defendant Alex Jones is not to transfer, encumber, dispose, or move his assets out of the United States, until further order of the court,” Bellis said in the one-page order.
A lawyer working for Twitter warns that the social network could face billions in fines from the FTC over potential violations of the consent decree it's been under - resulting from Elon Musk's rapid-fire changes that impact user privacy.
The note that was posted to the company's Slack and was viewable by all staffers goes on to say that its author has 'heard Alex Spiro (the current head of Legal) say that Elon is willing to take on a huge amount of risk in relation to this company and its users, because ‘Elon puts rockets into space, he’s not afraid of the FTC."'
Since taking the helm of the company, Musk has fired almost half its workforce, ended remote work for the remaining employees, said there was 'no way to sugarcoat' the firm's economic outlook and has gone back and forth with changes to its verification system and Twitter Blue.
Donald Trump's attorneys urged a court to allow the special master to proceed with reviewing the 11,000 documents seized from Mar-a-Lago, arguing he could experience irreparable damage without the review.
The arguments come as the Justice Department appealed the decision to let special master U.S. District Judge Raymond Dearie review the documents found at Mar-a-Lago.
In arguing that the special master's appointment be upheld on Thursday, attorneys James Trusty and Christopher Kise characterized the Justice Department's investigation as 'unprecedented' and as being carried out by 'the administration of his political rival.'
Riots broke out in Athens as thousands of people protested in the Greek capital in response to the soaring inflation rates befalling the country.
Molotov cocktails and rocks were thrown at Greek police on Wednesday as workers went on another general strike, walking off the job for 24 hours to demand pay hikes to alleviate the growing cost of living crisis.
The strike resulted in public transport grinding to a halt, including ferry operations to Greece’s many small islands. Public schools were also shut down and some government hospitals were forced to run at reduced capacity over staffing shortages, Euronews reported.
“We’re demanding an appropriate increase in salaries as our wages have been hit radically by such high energy prices and living costs,” Dimitris Georgiou, a telecoms worker said per The Guardian.
Oil-laden tankers risk being left languishing at sea if insurers do not urgently get clarity on an unfinished G7 and European Union plan to cap the price of Russian crude, two senior industry executives told Reuters.
The Group of Seven (G7), which includes the United States, Britain, Germany and France, agreed in September to enforce a low price on sales of Russian oil.
U.S. officials said the move, which is due to start on Dec. 5, was aimed at allowing it to continue to flow, heading off a potential price shock after total EU bans were ratified in June.
And with just three weeks to go, time is running out to fully convince the shipping services industry it will work.
Russian President Vladimir Putin may take part in an upcoming summit of the G20 grouping of nations in Bali via video link, state news agency RIA said on Thursday, citing the Russian embassy in Indonesia.
As G20 host, Indonesia has resisted pressure from Western countries and Ukraine to withdraw its invitation to Putin and expel Russia from the group over the war in Ukraine, saying it lacks the authority to do so without consensus among members.
"The format of Vladimir Vladimirovich Putin's participation is being worked out," the agency quoted a diplomat as saying. "It is possible that he will take part in the summit via video conference."
Poor access to safe water has exacerbated a cholera outbreak rampaging across Syria's war-battered provinces, where local authorities are struggling to contain the spread with chlorine tablets and vaccines.
More than 35,000 suspected cases of cholera have been reported across the country, according to the United Nations’ children's agency. UNICEF said only approximately 2,500 have been tested, of which nearly half were confirmed positive.
"Finding a single case of cholera means you've got an outbreak," said Zuhair al-Sahwi, the head of communicable and chronic diseases at the Syrian health ministry.
He said the curve had largely flattened, with a slowdown in the number of confirmed new cases daily.
Ukraine will ask its foreign partners for help in funding Starlink satellite internet systems currently being provided for free by SpaceX if the company begins to demand payment, Ukraine's defence minister told Reuters on Thursday.
"We will try to find the funds. (We) have partners in different countries. We will ask them to help us, to assist us with finance aid also," Defence Minister Oleksii Reznikov said in an interview, when asked if Kyiv would cover the costs if SpaceX asked for payment.
Ukraine's armed forces rely on thousands of Starlink devices for connectivity on the front lines, where normal cellular signal is either missing or easily intercepted.
SpaceX owner Elon Musk, who recently acquired Twitter Inc, had previously complained publicly of the financial losses SpaceX was incurring in Ukraine, but later promised on Twitter to keep providing services "for free."
Farmers are draining groundwater around Yemen's capital and removing soil to cultivate the narcotic green leaf qat that dominates life in the country, threatening to exhaust precious resources in the climate-vulnerable nation.
Chewing qat is a national pastime and demand is one of the few certainties in a nation torn apart by a seven-year war that has wrecked the economy and caused a dire humanitarian crisis and left millions facing hunger.
Qat can earn three times the revenue of any other crop but the steady cash flow comes at a heavy price. The bitter-tasting plant requires deep-well irrigation and disproportionate use of water, exacerbating Yemen's water scarcity problem.
The conflict has destroyed water infrastructure, leaving millions of people without safe water to drink or grow crops. The traditional terraced farming system, used as a source of food and livelihood in the arid and mountainous Arabian Peninsula nation, has been neglected.
The family of jailed Egyptian-British activist Alaa Abdel Fattah, who is refusing food and water, demanded information on his health on Wednesday amid what they said were "rumours of force-feeding".
International concern has mounted since Abdel Fattah, 40, who is imprisoned in Egypt, escalated his months-long hunger strike by also declining liquids since Sunday, the start of the UN climate summit COP27 hosted by Egypt in Sharm El-Sheikh.
Armenia ’s Defence Ministry reported Thursday that an Armenian soldier was wounded and in critical condition after being shot by Azerbaijani forces on the eastern section of the Armenian-Azerbaijani border.
Both sides accused each other of opening fire on border positions earlier in the week.
Azerbaijani President Ilham Aliyev accused Armenia on Tuesday of not complying with the Russia-brokered peace agreement of November 2020 by not fully withdrawing its troops from the disputed Nagorno-Karabakh region.
Armenian Prime Minister Nikol Pashinyan said at a government meeting that Azerbaijan started a “firefight” in order “to accuse Armenia.” Also on Thursday, Pashinyan proposed the creation of a demilitarized zone of three kilometers (nearly two miles) around Nagorno-Karabakh, as well as in other territories bordering Azerbaijan.
Egyptian police have ordered public events and shops across the country to cease activity on Friday amid growing calls on social media urging people to join anti-government protests.
Restrictions have been imposed on sports venues, youth centres, businesses, cafes, a film festival, and tourism offices, Middle East Eye has learned.
Incidents of police ordering shop owners to remain closed on Friday were reported in several cities. The only exception is the Cop27 summit currently taking place in the Red Sea resort of Sharm El-Sheikh.
Middle East Eye reached out to five youth centres in Cairo, Giza, Luxor, Alexandria, and Asyut and each one of them refused to accept pitch booking requests citing “security reasons”.
Three large insurance databases showed sharp increases in cases of severe brain inflammation after the Covid mRNA shots, according to a new peer-reviewed paper.
People who received the Pfizer jab or booster had a 40 to 70 percent higher chance over the next six weeks of encephalitis or encephalomyelitis. The Moderna jab carried an even higher risk after the second primary dose or a booster.
Encephalitis is inflammation of the brain itself, while encephalomyelitis is inflammation of nerve sheaths in the brain or spinal cord. Both can range from relatively mild conditions to serious or even fatal illnesses. The researchers reported 47 cases following Pfizer’s jab; they did not disclose an exact figure for Moderna’s.
Though the finding was published in the peer-reviewed journal Vaccine, it has received little attention – in part because the authors presented the findings in a way that made them seem less statistically robust than they were.