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☆ From $40 billion fraud to $4.5 billion settlement: Inside the latest crypto firm paying big bucks to end legal trouble
▼ + stars: | 2024-06-16 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +14 min

This week, a judge signed off on Do Kwon and his bankrupt Terraform Labs settling with the U.S. Securities and Exchange Commission for $4.5 billion. This comes after a jury unanimously found Kwon and his company liable for securities fraud following less than two hours of deliberation. But investors piled in anyway, giving luna and UST a combined market value of almost $40 billion at one point. Terraform and Kwon fought our efforts to investigate – taking a fight over investigative subpoenas all the way to the Supreme Court. They are Caroline Ellison, the Alameda Research CEO who at one time dated Bankman-Fried; FTX engineering chief Nishad Singh; and Gary Wang, the co-founder and chief technology officer of FTX.

Persons: Kwon, Woohae Cho, Sam Bankman, Changpeng Zhao, Luna, atoning, Alex Mashinsky, Wall, Stevo Vasiljevic, Reuters Kwon, He's, Satoshi Nakamoto, Elon Musk, Mike Novogratz, Gary Gensler, –, Fried, Fatih Aktas, Lewis Kaplan, Kaplan, Bankman, convicting, Prosecutors, Ryan Salame, Caroline Ellison, Nishad Singh, Gary Wang, FTX, Jason Redmond, Zhao, Richard Jones, …, Binance, Justin Sullivan Organizations: Terraform Labs, Bloomberg, Getty, U.S, Forbes, Arrows Capital, Voyager, U.S . Securities, Exchange Commission, Labs, U.S . Justice Department, Futures Trading Commission, Treasury Department, bitcoin, BlackRock, Fidelity, Reuters, terraUSD, UST, Traders, Twitter, SEC, Supreme, Anadolu Agency, Alameda Research, ., Republicans, Bankman, AFP, of Prisons, District, Bank, DOJ, CFTC, Treasury, Binance, New, Commercial Bank Locations: U.S, Balkans, Podgorica, Montenegro, Singapore, Dubai, Serbia, Balkan, South Korea, United States, lockstep, New York, Manhattan, Seattle, Lompoc , California, Binance

CNN —A United Nations inquiry into the first few months of the war in Gaza has found both Israel and Hamas committed war crimes and grave violations of international law, in the body’s first in-depth investigation into the October 7 attacks and the ensuing conflict. Rockets are launched by Hamas from the Gaza Strip towards Israel on October 7, 2023. Hatem Moussa/APIn the first 2.5 months of the conflict, the commission found, Israel committed war crimes as well as crimes against humanity – the latter defined as a widespread, systemic attack directed at a civilian population. The International Criminal Court announced last month it was seeking arrest warrants for several top Hamas and Israeli leaders, including Israeli Prime Minister Benjamin Netanyahu on charges of war crimes and crimes against humanity. “It is imperative that all those who have committed crimes be held accountable,” said commission chair Navi Pillay.

Persons: Hatem Moussa, Israel, –, Israel’s, maiming, Benjamin Netanyahu, ”, Netanyahu, West Bank –, …, Said Khatib, Mahmud Hams, Nir, Itamar Ben Gvir, Bezalel Smotrich, Benny Gantz, Yoav Gallant, Gilad Erdan, Erdan, Anwar Organizations: CNN, United, The United Nations Commission, Rockets, AP, Criminal, Palestinian, West Bank, Getty, Al, Israel Defense Forces, UN, Gaza, National, Finance, UN Human Rights, Palestinian Authority, Hamas, Human Rights, Israel, UN Security Council, Assembly, United Nations Relief, Works Agency, Anwar Amro, UNRWA, Navi Pillay Locations: United Nations, Gaza, Israel, Gaza City, Rafah, AFP, Aqsa, Israel’s, Palestinian, United States, Lebanese, Beirut, East Jerusalem

India's Prime Minister Narendra Modi flashes victory sign at the Bharatiya Janata Party (BJP) headquarters to celebrate the party's win in country's general election, in New Delhi on June 4, 2024. Completed vote counts by the Election Commission of India showed that Modi's BJP won just 240 seats. India's Parliament has 543 seats, and the party or coalition that wins at least 272 forms the government. Modi's decade-long ruleUnder Modi, India, home to 1.4 billion people, has witnessed robust economic growth. While India has seen robust economic growth under Modi, observers and critics have warned about the country's "democratic decline."

Persons: Narendra Modi, Money Sharma, Modi, Aiyar, CNBC's, Shilan Shah, Shah, Kranthi, Sensex, Samir Kapadia, that's, Malcolm Dorson Organizations: India's, Bharatiya Janata Party, BJP, Afp, Getty, Indian, Modi's BJP, National Democratic Alliance, Developmental Inclusive Alliance, Indian National Congress, Policy Research, Centre, Monitoring, Capital Economics, BSE, WealthMills Securities, Adani, Adani Enterprises, State Bank of India, ICICI Bank, Monetary Fund, India Index, Vogel, Dem, Global, Vogel Group, IMF Locations: New Delhi, India, INDIA, China, Sweden

☆ India’s heat wave kills at least 33 poll workers as election wraps up in searing temperatures
▼ + stars: | 2024-06-02 | by ( Esha Mitra | ) edition.cnn.com time to read: +3 min

New Delhi CNN —India’s relentless heat wave killed 33 poll workers as the country concluded its final day of voting in the world’s largest general election, officials said, underscoring the impact of searing temperatures in recent days. Voters and election workers have endured an extended period of unusually high temperatures across much of the country’s north as India voted in a seven-phase election that began on April 19. Of that number, at least 43 were election workers, authorities said. The capital territory of Delhi sweltered to its highest-ever temperature of 49.9 degrees Celsius (121.8 degrees Fahrenheit) last week, as the oppressive heat wave forced authorities to impose water rationing. “Heat wave conditions over Northwest, Central & East India are likely to continue with reduced intensity during next 3 days,” the Indian Meteorological Department said on Sunday.

Persons: New Delhi CNN —, Navdeep Rinwa, They’re, Indranil Aditya Organizations: New, New Delhi CNN, European Union, Indian Meteorological Department, India, Central & East Locations: New Delhi, Uttar Pradesh, India, heatstroke, Varanasi, North America, Northwest, Delhi sweltered, Central, Central & East India

☆ SEC embrace of ether ETFs highlights cryptocurrency's shifting political fortunes
▼ + stars: | 2024-05-27 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +3 min

The newly opened door to ether ETFs is part of a larger story that dominated cryptocurrency markets last week: the industry's political tides appear to be shifting in its favor. Expectations of an approval were low as the week began, but flipped completely and suddenly last Monday — sending ether up 20% . Many are hailing FIT 21 as a landmark victory for the industry. "I'd be surprised if FIT 21 or something like it actually becomes law this year," said Thorn. It does portend a sweeping change in [the] Democratic leadership approach to this industry, and that can only help crypto."

Persons: Biden, Donald Trump, Rachel Lin, Oppenheimer, Owen Lau, Lau, Alex Thorn, didn't, Kirsten Gillibrand, Cynthia Lummis, I'd Organizations: Securities and Exchange Commission, SEC, Representatives, SAB, Innovation, Technology, Futures Trading Commission, CNBC, Galaxy Digital, Senate, Gillibrand, Democratic

☆ UN's top court orders Israel to halt military offensive in Rafah
▼ + stars: | 2024-05-24 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +3 min

The International Court of Justice displayed on a smartphone, with the flag of Israel visible in the background in Brussels, Belgium, on May 20, 2024. Nurphoto | Nurphoto | Getty ImagesThe U.N.'s top court, the International Court of Justice, on Friday ordered Israel to cease its military offensive in Rafah in the south of the Gaza Strip, citing concerns over the safety of Palestinian civilians. The court further found that evacuation and other measures undertaken by Israel in Rafah were not sufficient. watch nowEarlier this month, Israel advanced its military campaign into Rafah, where more than 1 million of displaced Palestinian people have sought shelter. "And not only in Rafah governorate, what is happening in Jabalia and other governorates of the Gaza Strip is no less criminal and dangerous than what is happening in Rafah."

Persons: Israel, Nawaf Salam, Bezalel Smotrich, Nabil Abu Rudeineh Organizations: Court, Nurphoto, International Court of Justice, United, CNBC, Israel's, Hamas, Court of, Palestinian, Palestinian Authority, Reuters Locations: Israel, Brussels, Belgium, Rafah, Gaza, United Nations, South Africa, Jabalia

☆ Homes on billionaire hot spot Nantucket are falling into the ocean at an alarming rate — but the wealthy won't stop buying
▼ + stars: | 2024-05-24 | by ( Madeline Berg | Dan Latu | ) www.businessinsider.com time to read: +14 min

Over the past two centuries, Nantucket has gone from a whaling town to a hippie refuge to a holiday hot spot for billionaires. "To use a well-worn phrase, come hell or high water, people are still buying multimillion-dollar homes on Nantucket." Between 2030 and 2100, the number of structures exposed to coastal erosion is expected to go from 113 to 860. "Without erosion, this would be an extremely valuable area," Baxter Road resident Joshua Posner told BI. "It's not inexpensive, but it is worth doing," Posner told BI.

Persons: Steve Schwarzman, Eric Schmidt, Barry Sternlicht, Elizabeth Gibson, David L, Ryan, Bruce Percelay, Edward Sanford's, he'd, Percelay, Greg Mckechnie, you'd, Barry Sternlicht's, Suzanne Kreiter, Shelly Lockwood, who's, I'm, Joshua Posner, Jack Welch, Bill Belichick, —, Sanford, Lockwood, Nature, Yorker Brendan Maddigan, Maddigan, Mckechnie, Schwarzman, She's, Posner, he's, Helmut Weymar, Anne Atherton Organizations: Resilience, Business, Boston Globe, Getty, Estate, Nantucket, Coastal, Nantucket's Cisco, Cisco, Beach, Patriots, Yorker, Preservation Fund, Baxter, Conservation, Conservancy, The New York Times, Conservation Commission, Nature Locations: Nantucket, England, Cape Cod, Nantucket's, Madaket, Sconset, Brant, Baxter

☆ New Caledonia: French President Emmanuel Macron heads to violence-hit Pacific territory
▼ + stars: | 2024-05-22 | by ( Edward Szekeres | Alex Stambaugh | ) edition.cnn.com time to read: +3 min

CNN —French President Emmanuel Macron is on his way to New Caledonia, a government official has said, after a week of deadly unrest in the Pacific archipelago. Macron was leaving Paris on Tuesday night and will “set up a mission” in the French territory, government spokesperson Prisca Thevenot told a press conference, without giving further details. He will be accompanied by Interior Minister Gérald Darmanin, Defense Minister Sébastien Lecornu, and Overseas Minister Marie Guévenoux, Darmanin told the National Assembly. Darmanin also told the French legislature the number of police and gendarmes in New Caledonia would soon reach 3,000. Lying in the South Pacific with Australia, Fiji and Vanuatu for neighbors, New Caledonia is a semiautonomous French territory — one of a dozen scattered throughout the Pacific, Caribbean and Indian Ocean.

Persons: Emmanuel Macron, Prisca Thevenot, Gérald Darmanin, Sébastien Lecornu, Marie Guévenoux, Darmanin, Paris –, Macron’s, Thevenot, Gabriel Attal Organizations: CNN, Paris, Interior, Defense, Overseas, National Assembly, France’s National Assembly, ”, New Locations: New Caledonia, Caledonia, Australia, New Zealand, France, South Pacific, Fiji, Vanuatu, , New Caledonia, Pacific, Caribbean, Indian, Colonial France, White

☆ Middle East Crisis International Criminal Court Prosecutor Requests Warrants for Netanyahu and Hamas Leaders
▼ + stars: | 2024-05-20 | by ( Matthew Mpoke Bigg | Patrick Kingsley | ) www.nytimes.com time to read: +5 min

The prosecutor for the International Criminal Court said he is seeking arrest warrants for the leaders of Hamas and for Prime Minister Benjamin Netanyahu of Israel. He also said he was requesting warrants for Mr. Netanyahu and for Israel’s defense minister, Yoav Gallant. Credit... -/Agence France-Presse — Getty ImagesOn April 26, Mr. Netanyahu said on social media that the country “will never accept any attempt by the I.C.C. “would set a dangerous precedent that threatens the soldiers and officials of all democracies fighting savage terrorism and wanton aggression,” Mr. Netanyahu said. is the world’s only permanent international court with the power to prosecute individuals accused of war crimes, genocide and crimes against humanity.

Persons: Benjamin Netanyahu, Israel, Karim Khan, Khan, Yahya Sinwar, Muhammad Deif, Ismail Haniyeh, Netanyahu, Yoav Gallant, Khan’s, Maya Alleruzzo, Sinwar, Deif, Haniyeh, ”, Gallant, “, Volker Türk, Mr Organizations: International, Criminal, Mr, Hamas, Credit, United Nations, Agence France Locations: Gaza, Israel, United States, Rome, Qatar, Hague, Israel’s

☆ What to Know About the I.C.C. Prosecutor’s Request for Warrants for Israeli and Hamas Leaders
▼ + stars: | 2024-05-20 | by ( Emma Bubola | ) www.nytimes.com time to read: +1 min

The prosecutor of the International Criminal Court said on Monday that he had requested arrest warrants for war crimes and crimes against humanity for Prime Minister Benjamin Netanyahu of Israel and the leaders of Hamas. Here’s a closer look at the court and the warrant. Why did the International Criminal Court prosecutor request the warrants? Mr. Khan said that the Hamas officials “planned and instigated the commission of crimes” on that day, and that they “have acknowledged their responsibility for those crimes” through their actions, such as personal visits to hostages shortly after their kidnapping. Mr. Khan also said that he had requested arrest warrants for Mr. Netanyahu and Israel’s defense minister, Yoav Gallant, because he believed they bore responsibility for war crimes and crimes against humanity, including the starvation of civilians as a weapon of war and “intentionally directing attacks against a civilian population.”

Persons: Benjamin Netanyahu, Israel, Here’s, Karim Khan, Yahya Sinwar, Mohammed Deif, Ismail Haniyeh, Khan, “, Netanyahu, Yoav Gallant, ” Organizations: Hamas, Criminal Locations: Israel

☆ Indian authorities seize over $1 billion worth of illegal vote inducements, including drugs and cash, in country's elections
▼ + stars: | 2024-05-19 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +1 min

Indian authorities have seized over $1 billion in cash, drugs, and goods in the country's elections. The amount has surpassed the total seized during the whole of the last general election in 2019. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe Election Commission of India (ECI) said it has seized 88.9 billion rupees, or around $1.1 billion, in drugs, cash, and other goods like precious metals and liquor as part of its efforts to stamp out illegal vote inducements in the country's general election.

Persons: — Organizations: Service, of India, Indian government's Press, Business

☆ Election Updates: Biden and Trump are aiming to have two debates, the first in June.
▼ + stars: | 2024-05-15 | by ( Jonathan Swan | Maggie Haberman | ) www.nytimes.com time to read: +13 min

Mr. Biden recently indicated he would debate Mr. Trump, but had until now declined to give any firm commitment or specific details. In a video announcing his offer, Mr. Biden taunted Mr. Trump. Mr. Trump leads Mr. Biden in most polls of battleground states, including the recent surveys by The New York Times, Siena College and The Philadelphia Inquirer. Significantly more voters trust Mr. Trump over Mr. Biden to handle the economy. Mr. Biden, exasperated, famously said to Mr. Trump, “Will you shut up, man?

Persons: Biden, Donald J, Trump, —, Robert F, Kennedy Jr, Mr, Biden’s, Jennifer O’Malley Dillon, O’Malley Dillon, ”, Trump’s, “ Let’s, Donald, Ms, Mark Makela, “ Will, Susie Wiles, Chris LaCivita, Reagan, “, There’s, Kennedy, Wiles, LaCivita, George W, Bush’s, Barack Obama, Mitt Romney, Richard Perry, Romney, Hillary Clinton’s, Bill Clinton, Reid J, Epstein Organizations: The New York Times, Biden, Commission, Mr, Trump, “, ”, Republican National Convention, Republican National Committee, Siena College, The Philadelphia Inquirer, White House, CNN, Electoral College —, Republican, Democratic, ” Networks, CBS News, ABC News, Telemundo Locations: Washington, Trump’s Manhattan, York, Milwaukee, America

☆ Curfew Imposed Amid Protests in Pacific Territory of New Caledonia
▼ + stars: | 2024-05-14 | by ( Yan Zhuang | More About Yan Zhuang | ) www.nytimes.com time to read: +1 min

The authorities in New Caledonia, a semiautonomous French territory in the South Pacific, put a curfew in place on Tuesday and banned all public gatherings after protests against a proposed constitutional change turned violent overnight. France’s High Commission of the Republic in New Caledonia announced on Tuesday that a “massive mobilization” of security and defense forces has been sent to quell the protests. In addition, a curfew was imposed in the capital, Noumea, for Tuesday night, and all public gatherings were banned along with the sale of alcohol and the transportation of weapons, the High Commission said. The latest protests started on Monday, before a scheduled Tuesday vote in the French Parliament on a change to New Caledonia’s Constitution that would expand French citizens’ eligibility to vote in provincial elections. Some pro-independence activists in the territory fear the amendment would water down their movement.

Organizations: High Commission Locations: New Caledonia, South, France’s, Republic, Noumea

☆ India elections 2024: Once again, millions of migrants are unable to vote
▼ + stars: | 2024-05-13 | by ( Jessie Yeung | Noemi Cassanelli | ) edition.cnn.com time to read: +7 min

Often referred to as the “city of dreams,” Mumbai draws migrants from across the country hoping to find wealth and success. Noemi Cassanelli/CNNThe Covid-19 pandemic only underscored the volatility of migrant workers’ circumstances when millions lost their jobs almost overnight and were forced to go home. The biggest group is in the United Arab Emirates, with 3.4 million NRIs, followed by 2.5 million in Saudi Arabia; next is the United States with 1.2 million. The massive group of disenfranchised migrant workers stands in sharp contrast to these achievements – with no solution in sight. That means for now, voting remains an unlikely reality for many migrant workers.

Persons: India CNN — Chanu Gupta, ” Gupta, Chanu Gupta, Noemi Cassanelli, ”, Gupta, –, “ Organizations: India CNN, CNN, Nations, United Arab, ”, Workers Locations: Mumbai, India, Uttar Pradesh, Maharashtra, ” Mumbai, Bihar, Rajasthan, Gujarat, United Arab Emirates, Saudi Arabia, United States, United Kingdom, Dubai, NRIs

☆ From 25 years in prison to just four months: Inside the final verdict on a crypto billionaire CEO archrivalry
▼ + stars: | 2024-05-05 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +18 min

Combination showing Former FTX CEO, Sam Bankman-Fried (L) and Zhao Changpeng (R), founder and chief executive officer of Binance. A month earlier, on the opposite coast in downtown Manhattan, FTX's Sam Bankman-Fried received a 25-year prison sentence for his crimes. At the beginning of his trial, SBF sported a fresh haircut and wore suits, but by its end, his curls were wild again. Cryptocurrency exchange Binance founder and CEO Changpeng Zhao speaks at a Binance fifth anniversary event in Paris, France, July 8, 2022. watch nowMoney makes all the differenceUnlike SBF, CZ didn't have his wealth wiped out by bankruptcy of the crypto company he founded.

Persons: Sam Bankman, Zhao Changpeng, Mike Segar, Benjamin Girette, Changpeng Zhao, FTX's Sam Bankman, Fried, Zhao, Binance's Zhao, FTX's, Toyotas, Braden Perry, Perry, Manfred, SBF, Michael Lewis, Lewis, Sam didn't, Amr Alfiky, Sam, Caroline Ellison, —, Zhao's, Yi He, Binance, David Ryder, Yang, Rachel Zhao, Yesha Yadav, Yadav, Mark Bini, Lewis Kaplan, Bankman, Kaplan, perjured, Neama Rahmani, Rahmani, Tre Lovell, Zhao hasn't, Lovell, weren't, FTX Organizations: Reuters, Bloomberg, Getty, Department of Justice, CFTC, Stanford University's, Bankman, CZ, Staff, Reuters Prosecutors, Alameda Research, Vanderbilt University, Wall Street, CNBC, FTX, Emergency Economic, Justice Department, DOJ Locations: Seattle, Manhattan, California, Hong Kong, Bahamas, Palo Alto, U.S, New York City, Alameda, Seattle , Washington, Paris, France, Angeles, Binance, Dubai, Delaware

Al-Bursh was arrested along with 10 other medical workers in December during the Israeli military ground invasion of the Jabalya refugee camp, CNN previously reported. He was taken away while treating patients in Al-Awda Hospital, according to the statement. Earlier on Thursday, Israel released dozens of Gaza detainees via the Kerem Shalom crossing in southern Israel. The seven-month bombardment of Gaza has killed more than 34,600 people, according to the Gaza health ministry. Concerns are also heightened over an anticipated Israeli military operation in southern Gaza’s Rafah, prompting renewed calls for a ceasefire.

Persons: Adnan Al, Bursh, Israel, Marwan Abu Saada, ”, “ Dr, Adnan, ” Saada, “, –, Ismail Khadr Organizations: CNN, Shifa, Palestinian Prisoners ’ Society, ’ Affairs, Al, Awda, Israel Defense Forces, IDF, United Nations Locations: Gaza, Al, Gaza City, ”, Israel, Gaza’s Rafah

☆ Scott Sheffield, former Pioneer CEO, accused of trying to conspire with OPEC to inflate prices
▼ + stars: | 2024-05-02 | by ( Matt Egan | ) edition.cnn.com time to read: +5 min

New York CNN —Scott Sheffield, the founder and longtime CEO of a leading American oil producer, attempted to collude with OPEC and its allies to inflate prices, federal regulators alleged on Thursday. Regulators say Sheffield, then the CEO of Pioneer Natural Resources, used WhatsApp conversations, in-person meetings and public statements to try to “align oil production” in the Permian Basin in Texas with that of OPEC and OPEC+, the wider group that includes Russia. Unlike with OPEC nations, US oil production is supposed to be decided by the free market, not by coordination among the major players. The FTC said that while Sheffield was discussing efforts to coordinate output with other Texas producers, the Pioneer CEO said: “If Texas leads the way, maybe we can get OPEC to cut production. Exxon said that in response to the FTC’s concerns, it will not add Sheffield to its board.

Persons: New York CNN — Scott Sheffield, “ Mr, —, Kyle Mach, Sheffield “, Douglas Farrar, Sheffield, ”, Exxon Organizations: New, New York CNN, OPEC, Federal Trade Commission, Sheffield, Organization of, Petroleum, Saudi Arabia, Regulators, Pioneer Natural Resources, FTC, ExxonMobil, Competition, CNN, Railroad Commission, Texas, Exxon Locations: New York, American, Saudi, Sheffield, Texas, OPEC, Russia, FTC’s, Saudi Arabia

☆ Kids should be banned from smartphones until 13 and social media until 18, a major French study says
▼ + stars: | 2024-05-01 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +3 min

Kids should be barred from using smartphones until 13 and social media until 18, a report said. The French government-backed report said social media should be limited to those with "ethical thinking." AdvertisementChildren should be barred from using smartphones until they turn 13 and social media until they are 18, according to a report commissioned by the French president. The report, "Children and Screens: In Search of Lost Time," said that children should not be allowed to have cellphones before the age of 11, should be barred from social media before they turn 13, and that between 15 and 18, social media access should be "limited" to those with "ethical thinking." Social media can have a strong impact on young people in particular, leading, in some cases, to suicide and exposure to dangerous content.

Persons: —, Emmanuel Macron Organizations: Service, Business, Google, Samsung

☆ Read the Harvey Weinstein Appeal Ruling
▼ + stars: | 2024-04-25 | by ( ) www.nytimes.com time to read: +2 min

24 many years. This is the method which is pursued in France, and it is claimed that entire justice is more apt to be done where such course is pursued than where it is omitted. The common law of England, however, has adopted another and, so far as the party accused is concerned, a much more merciful doctrine. By that law the criminal is to be presumed innocent until [their] guilt is made to appear, beyond a reasonable doubt, to a jury of 12 []. It is not proper to raise a presumption of guilt, on the ground, that having committed one crime, the depravity it exhibits makes it likely [they] would commit another”]).

Persons: Sharp Organizations: Molineux, Commonwealth, Jackson Locations: France, England, Massachusetts, Pennsylvania

☆ India election: Modi’s Muslim remarks spark ‘hate speech’ accusations as mammoth vote deepens divides
▼ + stars: | 2024-04-22 | by ( Rhea Mogul | ) edition.cnn.com time to read: +12 min

CNN —India’s Prime Minister Narendra Modi has been accused of delivering Islamophobic remarks during an election rally Sunday, triggering widespread anger from prominent Muslims and members of the opposition. India's Prime Minister Narendra Modi speaking during a rally in Sydney, Australia, on May 23, 2023. Kalpit Bhachech/Getty Images Narendra Modi, then BJP secretary is welcomed at Ahmedabad Railway Station by the party's followers on January 31, 1992. Kalpit Bhachech/Dipam Bhachech/Getty Images Narendra Modi pictured in India on January 23, 1998. Brent Lewin/Bloomberg/Getty Images India's Prime Minister Narendra Modi addresses Congress at the US Capitol in Washington, DC, on June 22, 2023.

Persons: CNN —, Narendra Modi, Islamophobic, Modi’s, Modi, ”, ” Modi, Matthew Abbott, Hiraben, Damodardas, Dipam Bhachech, Lal Krishna Advani, Subhas Chandra Bose, Kalpit Bhachech, Kalpit, Negi Yasbant, Amit Dave, Ajit Solanki, Kevin Frayer, Saurabh Das, AP Modi, Manish Swarup, Lucas Jackson, Barack Obama, Adrien Helou, Reuters Modi, Adnan Abidi, Stringer, Mark Zuckerberg, David Paul Morris, Marco Longari, Angela Merkel, Tobias Schwarz, Emmanuel Macron, Charles Platiau, Saudi Arabia's Crown Prince Mohammed bin Salman, India's, Jair Bolsonaro, Vladimir Putin, Xi Jinping, Amit Shah, Money Sharma, Boris Johnson, Phil Noble, Anthony Albanese, Brent Lewin, Pedro Ugarte, Joe Biden, Doug Mills, Paul Mashatile, Jacoline, Imtiyaz Khan, Amr Alfiky, Rana Ayyub, Asaduddin Owaisi, “ Modi, Mallikarjun Kharge Organizations: CNN, CNN — India’s, Bharatiya Janata Party, BJP, Indian National Congress, of India, India's, New York Times, Rashtriya Swayamsevak Sangh, Getty, Modi, Hospital, Narendra, India Today, AP, Madison, Garden, Reuters, Washington , D.C, French National Space Agency, of Yoga, Meta, Facebook, Bloomberg, European, Saudi Arabia's Crown, Rashtrapati Bhavan, Kyodo, British, Summit, Qudos Bank, White, Anadolu Agency, Anadolu, United, United Arab Emirates, Sangh, Hindu, “, Hate Locations: Rajasthan, Sydney, Australia, Gujarat, India, Ahmedabad, Ahmadabad, Varanasi, New Delhi, United States, Washington, Washington ,, Toulouse, France, Xian, AFP, Menlo Park , California, U.S, Pretoria, South Africa, China, Berlin, Paris, Rashtrapati, Russian, Brasilia, Glasgow, Red, Ayodhya, Uttar Pradesh, Abu Dhabi, United Arab, BJP, “

☆ TikTok could face EU fines and a suspension over sister app TikTok Lite
▼ + stars: | 2024-04-22 | by ( Brian Fung | ) edition.cnn.com time to read: +3 min

CNN —European officials are threatening TikTok with massive fines and a possible forced suspension this week of parts of a new spinoff app, launched this month, that regulators allege contains addictive features. The warnings target TikTok Lite, a less data-intensive version of TikTok’s main app which contains a feature that rewards users with cash for engaging with TikTok content and app features. EU officials fear the feature could be used to turn TikTok Lite users into addicts who can’t stop using the app and described it as an “experiment” on unwitting EU citizens in Spain and France where TikTok Lite has been made available. A decision to order the suspension could come as early as Thursday, commission officials told reporters on a conference call. TikTok could face further, additional fines of up to 6% of its global annual revenue if the TikTok Lite features the Commission is investigating are determined to be violations of the DSA.

Persons: ”, TikTok didn’t, TikTok, we’ve Organizations: CNN, European Union, EU, Digital Services, DSA, European Commission, Lite, Commission, TikTok Locations: Spain, France, European, United States, Israel, Ukraine, TikTok

☆ India kicks off the world's largest elections this week. Here’s what you need to know
▼ + stars: | 2024-04-18 | by ( Charmaine Jacob | In Charmainemariajacob | ) www.cnbc.com time to read: +7 min

A worker fixes a flag of the ruling Bharatiya Janata Party on a hoarding of their leader and India's Prime Minister Narendra Modi on April 15, 2024. The 2024 general elections will pan out in seven phases over the next six weeks, starting April 19. India's meteoric riseUnder Modi's rule, India's economy has scaled to new heights. It is now the world's fifth-largest economy with a GDP of $3.7 trillion and has set its sight on becoming the world's third largest economy by 2027. Home to 1.4 billion people, the world's most populous country is the fastest growing economy in the world.

Persons: Narendra Modi, Idrees Mohammed, Hong Kong's, Modi, Suyash Rai, Joe Biden, Chietigj Bajpaee, Biden, Bajpaee, Rahul Gandhi, Rajiv Gandhi, Indira Gandhi, Jawaharlal Nehru, Amitendu Palit, Modi's, R.satish Babu Organizations: Bharatiya Janata Party, India's, Afp, Getty, Voters, Monetary Fund, Carnegie India, CNBC, White, Bloomberg, India, South Asia, Chatham House, BJP, National Democratic Alliance, Indian, Developmental Inclusive, Indian National Congress, Institute of South Asian Studies, National University of Singapore, NDA, Centre, of Foreign Relations, Reuters Locations: Lok Sabha, Lok, Hong, Washington, U.S, India, China, Raipur, Coimbatore

☆ Trump Media shares soar in second day of strong gains for DJT stock
▼ + stars: | 2024-04-18 | by ( Dan Mangan | ) www.cnbc.com time to read: +1 min

In this photo, a smartphone displays the logo of Donald Trump's Truth Social app on March 25, 2024. The share price of Trump Media soared by as much as 21% Thursday, before pulling back a bit in volatile trading. It was the second day in a row of strong gains for the owner of the Truth Social app. DJT shares rose above $31 in early trading, a bump that could squeeze short sellers who have made recent bets that the stock price would fall. Trump Media shares closed more than 15% higher on Wednesday afternoon.

Persons: Donald Trump's Organizations: Trump Media, Securities and Exchange Commission

Donald Trump is charged with falsifying business records to conceal hush money payments made to Stormy Daniels, a porn film actress, to cover up a sexual relationship that Daniels said she had with Trump in 2006. Alvin Bragg, the Manhattan district attorney, claims that Trump falsely recorded the hush money payments as “legal expenses.” Falsifying business records is ordinarily only a misdemeanor, but the D.A. If he falsified business records to aid in the commission of these other crimes, then Trump could be guilty of a felony. When the case was filed, legal analysts from across the political spectrum voiced concern about the case, mainly on legal grounds. Now that the trial is underway, what’s your assessment of the case today?

Persons: David French, Mary McCord, Ken White, Trump, Donald Trump, Stormy Daniels, Daniels, Alvin Bragg Organizations: Trump Locations: Manhattan

☆ Cash, drugs and booze among record election bribes seized by India
▼ + stars: | 2024-04-17 | by ( Dhruv Tikekar | ) edition.cnn.com time to read: +3 min

CNN —A record quantity of bribes, including cash, booze, drugs and precious metals, has been seized by Indian election authorities in the run-up to mammoth nationwide polls that begin on Friday. The Election Commission of India (ECI) on Monday revealed it had recovered inducements worth just over $550 million since March — the largest amount in the country’s 75-year electoral history. It marks a “sharp increase” on the more than $400 million in bribes seized by the ECI in the country’s last general election in 2019, the agency said. India’s political parties and leaders routinely preach against election corruption and inducements, but the level of monitoring and tackling of graft across such a vast nation varies widely. Anti-corruption groups had long complained that the system meant a lack of transparency in donations to political parties — allowing corporations to donate large sums without disclosure.

Persons: Narendra Modi, gratis, Modi, ” Organizations: CNN, of India, Bharatiya Janta Party, BJP, “, Indian National Congress, India, Kazakhstan, India’s, Bank of India Locations: Rajasthan, Gujarat, Tamil Nadu, Karnataka, Lok, Maldives

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