Author: Admin
Former special counsel Jack Smith excoriated the Justice Department over its indictment of former FBI Director James Comey, saying it “reeks of a lack of process,” and he also weighed in on other actions by the department under the Trump administration.In an interview with former federal prosecutor Andrew Weissman at the University College London, Smith said, “The apolitical prosecutors who analyzed this said there wasn’t a case, and so they brought somebody in who had never been a criminal prosecutor on days’ notice to secure an indictment a day before the statute of limitations ended.”Smith, who investigated and prosecuted President…
[SINGAPORE] Industrial property developer Soon Hock on Wednesday (Oct 15) said that its 21.6 million shares on offer were 9.8 times subscribed.Its Singapore public offer of 2.8 million shares were 16.9 times subscribed, and drew 1,444 valid applications for 47.3 million shares in all.The international offer of 18.8 million shares was 8.7 times subscribed, with indication of interest received for some 164 million shares.Each share was priced at S$0.58.Three substantial investors were allocated more than 5 per cent of the total offering shares – Tokio Marine Life Insurance Singapore, Pheim Asset Management (Asia) and Lion Global Investors.They were allocated 1.08…
Artificial intelligence startup Anthropic is projecting to more than double and potentially nearly triple its annualized revenue run rate next year, fueled by the rapid adoption of its enterprise products, according to two people familiar with the matter.The company is on track to meet an internal goal of $9 billion in annual revenue run rate – a calculation of annual revenue extrapolated from the current sales pace – by the end of 2025, the people said. For 2026, Anthropic has set even more aggressive targets: a base case of more than doubling to $20 billion in annualized revenue and a…
Director of the United States Office of Management and Budget Russell Vought speaks in front of TV camera at White House in Washington, D.C., U.S., July 7, 2025. Kevin Lamarque | ReutersThe Trump administration could slash more than 10,000 federal jobs during the government shutdown, White House budget director Russell Vought said Wednesday.”We want to be very aggressive where we can be in shuttering the bureaucracy, not just the funding,” Vought, the director of the Office of Management and Budget, said at the White House. “We now have an opportunity to do that, and that’s where we’re going to be…
BRUSSELS — BRUSSELS (AP) — NATO’s two newest members, Finland and Sweden, said Wednesday that they would buy more weapons from the United States to give to Ukraine, a day after data showed that foreign military aid to the war-torn country had declined sharply in recent months.Over the summer, NATO started to coordinate regular deliveries of large weapons packages to Ukraine to help fend off Russia’s war. The aim was to send at least one load a month of targeted and predictable military support, each worth around $500 million.Spare weapons stocks in European arsenals have all but dried up, and…
Justin Haley’s release from Spire Motorsports after this season certainly won’t go down as a surprise.No driver outside the top 25 in the standings should be surprised when they’re released. Haley has been 28th or worse in the standings since the 11th race of the season and currently sits 31st.It wasn’t supposed to be this way for Haley, who has two top 10s and 13 top-20 finishes in 33 starts. He has 11 finishes outside the top 25 but only two of those are races where he failed to finish because of an accident. The team even made a crew chief…
The mastermind of a £5bn Chinese investment fraud was found with a device containing £67m of cryptocurrency in a secret pocket of her jogging bottoms when she was arrested after years on the run, a court has heard.Prosecutors are setting up a compensation scheme after Yadi Zhang, 47, conned around 128,000 Chinese investors into fraudulent wealth schemes between 2014 and 2017. Zhang, who is also known as Zhimin Qian, admitted money laundering charges after police discovered more than 61,000 Bitcoin, now worth more than £5bn, in digital wallets, in the UK’s biggest ever cryptocurrency seizure.She arrived in the UK on…
Artificial intelligence startup Anthropic has overhauled its smallest AI model, Haiku, as companies increasingly opt for AI systems that are nearly as capable as the most advanced tools – but come at a fraction of the cost.Anthropic said on Wednesday that the updated model, called Haiku 4.5, is about one-third the cost of Sonnet 4, one of its medium-sized models, and one-fifteenth the cost of its most advanced offering, Opus. The new Haiku model performs as well or better than Sonnet 4 on a range of tasks, including coding. Traditional companies outside of Silicon Valley are more likely to use AI…
America’s population of seniors is expected to surge by 40% over the next 25 years — a shift that could spark a crisis of aging, as most people remain unprepared for longer lives, according to new research from the MIT AgeLab and insurance company John Hancock.Americans are lagging in readiness to handle the demands of greater longevity, ranging from managing the cost of a longer retirement to maintaining their health in old age, according to the inaugural Longevity Preparedness Index, or LPI, from the MIT AgeLab, a research institute focusing on improving the quality of life for older people, and…
LONDON :The Bank of England will only remove proposed caps on the quantity of stablecoins individuals and businesses can hold when it is confident they do not pose a threat to financial stability.The central bank has taken a tougher stance than many authorities on embracing stablecoins, a type of cryptoasset pegged to fiat currency that has soared in popularity.The crypto industry has opposed the planned caps, but BoE Deputy Governor Sarah Breeden reiterated on Wednesday they were needed because of the potential impact of significant and rapid outflows of bank deposits into stablecoins.Such outflows, she said in a speech, could lead…