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Jaguar recalls I-Pace electric vehicles due to fire risk in batteries, tells owners to park outside
Jaguar recalls I-Pace electric vehicles due to fire risk in batteries, tells owners to park outside
Jaguar is recalling more than 6,000 I-Pace electric SUVs in the U.S. due to the risk of a battery fire, and it's telling owners to park them outdoors
2023-06-01 02:49
As Israel Readies Gaza Invasion, US Sees No Plan for What’s Next
As Israel Readies Gaza Invasion, US Sees No Plan for What’s Next
President Joe Biden has promised unconditional support for Israel as it gears up for a ground war in
2023-10-14 07:49
Some Fed officials backed rate hike in June, minutes show
Some Fed officials backed rate hike in June, minutes show
Some members of the US Federal Reserve's rate-setting committee supported another interest rate hike in June to tackle high inflation, but ultimately voted for a...
2023-07-06 03:29
EV maker Lucid's quarterly revenue misses estimates on weak demand
EV maker Lucid's quarterly revenue misses estimates on weak demand
Lucid Group Inc first-quarter revenue missed Wall Street estimates on Monday and its net loss widened as sales
2023-05-09 04:19
George Santos calls federal charges a ‘witch hunt’ and refuses to resign following arrest
George Santos calls federal charges a ‘witch hunt’ and refuses to resign following arrest
George Santos described criminal charges against him as a “witch hunt” in a defiant press conference following his arrest on Wednesday. The New York congressman spoke outside a federal courthouse after being arraigned on charges of fraud, theft of public funds and money laundering. “It’s a witch hunt,” he told a crowd of reporters. “I’m gonna fight my battle, I’m gonna deliver, I’m gonna fight the witch hunt, I’m gonna take care of clearing my name,” he said, adding that he was planning to run for reelection. The 34-year-old congressman for New York’s third district, who won his election after a campaign that was littered with lies about his past, was arrested shortly after 9am after turning himself in to authorities. In the 13-count indictment, federal prosecutors accused Mr Santos of lying on financial disclosure forms he filed to the House when he became a candidate, first by overstating his income from one job and failing to disclose income from another, and secondly by lying about his earnings from his company, the Devolder Organization. Prosecutors also allege that Mr Santos fraudulently used donations to his political campaign for his own benefit, spending “thousands of dollars of the solicited funds on personal expenses, including luxury designer clothing and credit card payments.” The indictment alleges that Mr Santos’s fraud began before his successful run for Congress, accusing him of running an unemployment insurance fraud scheme in which he applied for government assistance in New York while still employed by a Florida-based investment firm. “Taken together, the allegations in the indictment charge Santos with relying on repeated dishonesty and deception to ascend to the halls of Congress and enrich himself,” Breon Peace, the US attorney for the Eastern District of New York, said in a statement. Mr Santos pleaded not guilty to the charges and was released on a $500,000 bond following his arraignment, which lasted for around 15 minutes. His lawyer said that the congressman surrendered his passport to the court. Mr Santos could face up to 20 years in prison if convicted. Read More Here are the 13 counts New York Rep. George Santos faces George Santos pleads not guilty to duping donors, stealing campaign cash to burnish wealthy image George Santos pleads not guilty to 13 charges – live
2023-05-11 03:49
Accenture pouring $3 billion into AI, joining long list of tech companies prepping to meet demand
Accenture pouring $3 billion into AI, joining long list of tech companies prepping to meet demand
Technology services provider Accenture is the latest company to ramp up its artificial intelligence business, announcing Tuesday that it will invest $3 billion over the next three years and double its AI-related staff to accommodate scorching hot demand
2023-06-14 02:15
Berlusconi Heirs Near a Deal on Tycoon’s Empire, Corriere Says
Berlusconi Heirs Near a Deal on Tycoon’s Empire, Corriere Says
The five children of former Italian Prime Minister Silvio Berlusconi are close to reaching an agreement over their
2023-09-09 18:45
Fed's Mester: More hikes needed to bring inflation back down to target
Fed's Mester: More hikes needed to bring inflation back down to target
By Michael S. Derby Federal Reserve Bank of Cleveland President Loretta Mester said on Monday that still-strong levels
2023-07-10 23:20
Koch Foods Settles Antitrust Claims Over Chicken Contracts With DOJ
Koch Foods Settles Antitrust Claims Over Chicken Contracts With DOJ
Koch Foods Inc. reached an agreement with the Department of Justice to settle claims on anticompetitive practices in
2023-11-10 00:26
US Jobs Report Is Set to Provide Some Solace to the Fed
US Jobs Report Is Set to Provide Some Solace to the Fed
US employers are gradually dialing back the pace of hiring and hourly earnings are moderating, offering some solace
2023-05-28 04:25
UK State Bank Swings to £135 Million Loss on Sliding Tech Prices
UK State Bank Swings to £135 Million Loss on Sliding Tech Prices
The British Business Bank swung to a loss of £135 million ($165 million) in the year through March,
2023-09-25 07:47
Hong Kong’s Stressed Developers Start to Turn to Private Credit
Hong Kong’s Stressed Developers Start to Turn to Private Credit
Private credit lenders are circling distressed property developers in Hong Kong, with a record $23.4 billion of bank
2023-11-27 08:28