Author: 5amResearch

Vietnam has suspended the operations of Chinese online retailer Temu after it failed to meet a government deadline to register the company by the end of November. It is unclear if Temu, a unit of Chinese e-commerce giant Pinduoduo, will be allowed to resume its business once it registers. The suspension comes after the ministry had raised concerns about the authenticity of Temu’s extremely cheap products and their impact on Vietnamese manufacturers. Temu said Thursday it was working with the…

South Korean prosecutors have opened an investigation into President Yoon Suk Yeol, his interior minister, and the now-former defence minister over their roles in an attempt to impose martial law, Yonhap news agency reported on Thursday. Kim Yong-hyun, who resigned as South Korean defence minister over his involvement in Tuesday’s martial law order, also faces a travel ban as prosecutors investigate, Yonhap said. The other two do not face such bans. Citing unspecified threats from “anti-state forces” and obstructionist political…

One bitcoin will now set you back six figures. The cryptocurrency’s break above the $100,000 milestone has felt inevitable since Donald Trump’s election as the next U.S. president on a crypto-friendly platform. While it is just a number, it highlights how cryptos have carved out a place in modern financial markets. Some commentators joked that perhaps a sales pitch from children and grandchildren around the Thanksgiving table was enough to get it past $100,000 – after investors in recent weeks…

This piece was first published by CBC in 2017. It’s one of the most valuable and secretive technology companies in Silicon Valley: Palantir Technologies, a developer of data mining software used by spies, banks and some of the biggest companies in the world. The company was co-founded in 2004 by billionaire Peter Thiel — previously the co-founder of PayPal — and now an adviser to U.S. President Donald Trump. Financial institutions are said to use Palantir’s software to detect fraud and cyberattacks, while pharmaceutical…

Since rumors began to spread that a startup called Palantir helped to kill Osama bin Laden, Alex Karp hasn’t had much time to himself. On one sun-baked July morning in Silicon Valley Palantir’s lean 45-year-old chief executive, with a top-heavy mop of frazzled hair, hikes the grassy hills around Stanford University’s massive satellite antennae known as the Dish, a favorite meditative pastime. But his solitude is disturbed somewhat by “Mike,” an ex-Marine–silent, 6 foot 1, 270 pounds of mostly pectoral…

French lawmakers on Dec 4 voted to oust the government of Prime Minister Michel Barnier after just three months in office, a historic move which plunged the country further into political chaos. For the first time in over 60 years, the National Assembly lower house toppled the incumbent government, approving a no-confidence motion that had been proposed by the hard left but which crucially was backed by the far-right headed by Marine Le Pen. Mr Barnier’s rapid ejection from office…

Mexican authorities detained more than 5,200 migrants across the country on Tuesday, officials said on Wednesday, in a major sweep as the nation is under pressure from the incoming U.S. government to crack down on arrivals at the U.S.-Mexico border. U.S. President-elect Donald Trump has called on Mexico to ramp up efforts to stop both migrants and synthetic drugs such as fentanyl from coming into the U.S., threatening to slap tariffs on the southern trade partner. From Oct. 1 to…

Maryland’s Department of Public Safety and Correctional Services has failed to properly manage and oversee contracts with private companies that provide medical and mental health care to prisoners in state-run detention facilities, according to a newly released audit. The failures resulted in hundreds of missed evaluations for suicide risk and a shortage of mental health exams, among other problems. The findings stem from state auditors reviewing three contracts over roughly five years beginning in 2018. The report cites understaffing as…

A U.S. Senate panel planned to take aim at airline executives Wednesday for the carriers’ growing use of fees for early boarding, better seats and other comforts that used to be part of the ticket price. The panel’s chairman, Sen. Richard Blumenthal, D-Conn., said he thinks the federal government should review and perhaps fine the airlines for their use of what he called junk fees, which he said raise prices for consumers. Blumenthal said seat fees are pure profit for…

Google Cloud said on Wednesday it had partnered with Air France-KLM to deploy generative artificial intelligence (AI) technology on the airline group’s data. Google Cloud said in a statement that the Franco-Dutch airline group’s 551 operating aircraft, 93 million passengers carried in 2023, and its commercial and cargo flights generated large amounts of data, which would be used by Google Cloud’s AI solution in areas such as analyzing passenger preferences and travel patterns, and predicting maintenance of aircraft. Air France-KLM…

A member of China’s powerful Central Military Commission has been suspended and put under investigation, the country’s Defense Ministry said Thursday. Miao Hua was director of the political work department on the commission, which oversees the People’s Liberation Army, the world’s largest standing military. He was one of five members of the commission in addition to its leader, Chinese President Xi Jinping. Defense Ministry spokesperson Wu Qian said Miao is under investigation for “serious violations of discipline,” which usually alludes…

MEXICO CITY – Mexico’s Senate on Thursday passed a measure to abolish the autonomous bodies that regulate some economic sectors and ensure government transparency, a reform that has sparked outcry from the opposition and industry. Lawmakers in the upper chamber voted on the proposal’s general terms with 86 in favor and 42 against, with nearly the same tally coming in for the bill’s particular terms. It had passed in the lower house last week. The reform proposes scrapping autonomous agencies…

(Reuters) – Australia’s competition watchdog said on Friday it had given Virgin Australia [IPO-VIR.AX] and Qatar Airways interim approval to operate flights between Doha and Brisbane, Melbourne, Perth and Sydney under an integrated alliance. The two airlines can start marketing and selling 28 weekly scheduled return flights between the destinations, the Australian Competition and Consumer Commission said in a statement. Qatar Airways had said in October that it was set to buy a 25% stake in Virgin Australia from U.S….

BEIJING (Reuters) – China’s factory activity likely expanded modestly for a second straight month in November, adding to a string of recent data suggesting that a blitz of stimulus is finally trickling through and giving producers in the world’s No.2 economy a much needed boost. A Reuters poll of 21 economists estimated the official purchasing managers’ index (PMI) would come in at 50.2 when the data is released on Saturday, higher than October’s reading of 50.1 and above the 50-point…

Hinds County District Attorney Jody E. Owens II walked briskly toward a crowd of TV cameras and reporters on the steps of the federal courthouse in Jackson last week to denounce what he called a “horrible example of a flawed FBI investigation” and an “assassination attempt on my character.” Owens, the top elected law enforcement official for Mississippi’s largest county that encompasses its capital city, pleaded not guilty to multiple federal felony charges stemming from an alleged FBI bribery sting….

SACRAMENTO, Calif. (AP) — California voters have rejected a measure on the November ballot that would have amended the state constitution to ban forced prison labor. The constitution already prohibits so-called involuntary servitude, but an exception allows it to be used as a punishment for crime. That exemption became a target of criminal justice advocates concerned that prisoners are often paid less than $1 an hour for labor such as fighting fires, cleaning cells and doing landscaping work at cemeteries….