Author: 5amResearch

The “missing” witness long touted by Republicans in Congress as the missing link to their probe into alleged Biden family corruption was accused Monday of being an unregistered foreign agent for China and international arms trafficker while violating U.S. sanctions on Iran and lying to investigators, among a laundry list of other federal charges. Dual U.S.-Israeli citizen Gal Luft had already skipped out on his bail while in Cyprus awaiting extradition to the U.S. for a separate case in March—though…

SINGAPORE – DBS Bank has agreed to sell a 77.8 per cent stake in electronic payment services provider AXS to Tower Capital Asia, a private equity firm based in Singapore. The bank will retain a minority stake of 9.9 per cent in AXS, it said on Tuesday. It did not disclose the stake’s sale price. The deal is slated to close by August, and is not expected to have a material impact on DBS’ earnings or net tangible assets for…

NEW YORK – Standard Chartered is ramping up its bullish Bitcoin prediction, targeting as much as US$120,000 (S$161,000) by the end of 2024 – almost quadruple the current price – as increasingly cash-rich miners reduce their sales of the token. “Increased miner profitability per BTC mined means they can sell less while maintaining cash inflows, reducing net BTC supply and pushing BTC prices higher,” Geoff Kendrick at Standard Chartered wrote on Monday. Bitcoin mining is an energy-intensive process in which…

TAIPEI/BENGALURU – Taiwan’s Foxconn has withdrawn from a US$19.5 billion (SS26 billion) semiconductor joint venture with Indian metals-to-oil conglomerate Vedanta, it said on Monday, in a setback to Prime Minister Narendra Modi’s chipmaking plans for India. The world’s largest contract electronics maker signed a pact with Vedanta last year to set up semiconductor and display production plants in Mr Modi’s home state of Gujarat. “Foxconn has determined it will not move forward on the joint venture with Vedanta,” a Foxconn…

  The remains of a German real estate tycoon who has been missing since July 4 have been found inside a freezer of a rental home in the Thai city of Pattaya, according to local authorities. Hans Peter Mack, 62, had been reported missing by his wife, 24-year-old Thai national Piraya Boonmak, a day after his disappearance. According to local reports, Boonmak had grown concerned after her husband failed to return to their home in Pattaya after a scheduled meeting…

A threat actor referred to as ‘RomCom’ has been targeting organizations supporting Ukraine and guests of the upcoming NATO Summit set to start tomorrow in Vilnius, Lithuania. BlackBerry’s research and intelligence team recently discovered two malicious documents that impersonated the Ukranian World Congress organization and topics related to the NATO Summit to lure selected targets. The attackers used a replica of the Ukrainian World Congress website hosted on an “.info” domain instead of the real one that uses an “.org” top-level domain….

  SAN DIEGO — A 14-year-old girl was found in the barracks at a California Marine Corps base last month, two weeks after her grandmother in San Diego reported she had run away from home, and a Marine was detained for questioning, officials said Monday. The Marine has since been released to his command while federal law enforcement officials investigate, said Marine Capt. Charles Palmer of the 1st Marine Logistics Group at Camp Pendleton, about 40 miles (65 kilometers) north…

Here we go again. It was only a month ago that Karl Bode wrote about Disney’s absolutely and totally cool process of removing a bunch of content from its Disney Plus streaming platform not because the content sucks and nobody liked it, but because it gets to play accounting tricks as to its assets in order to receive giant tax breaks. To some extent, a big media company prioritizing quarterly profit reports over providing customers value in its streaming platform…

As you’ll recall, Reddit CEO Steve Huffman whined about what he called the “landed gentry” among moderators of subreddits that were protesting his ridiculous extractive API changes. He insisted that perhaps things should be more democratic. In response, many subreddits took a vote on how subscribers to those subreddits wanted the mods to handle things, and many urged the moderators to continue protesting. But, Huffman apparently couldn’t handle that kind of democracy. So he’s spent the last few weeks threatening…

“The US Department of State has finally turned into the ‘Ministry of Truth’ predicted by George Orwell and actually dictates to the American media what exactly they should write and say. In June, the Department of State issued instructions to major telecommunications holdings such as AT&T, Comcast Corporation, Graham Media Group, Nash Holdings, Newsweek Publishing, and The New York Times Company to misrepresent events in and around Russia,” the SVR said in a statement, adding that the goal is to…

  Joe Biden blurted out to reporters on Sunday that his decision to send widely-banned cluster bombs to Ukraine was made because “we’ve run out of ammunition.” “Mr President– on cluster munitions, why now?” a reporter asked. “We’ve run out of ammunition,” Biden bluntly responded. Joe Biden wasn’t supposed to say the quiet part out loud: “We’ve run out of ammunition”. But now that the cat’s out of the bag, one must ask whether continued support of Ukraine’s military is…

  According to the company, Spain imported 7,673 gigawatt hours (GWh) of liquefied natural gas from Russia last month, which accounted for 26.8% of the kingdom’s total purchases. From January to June, Spain purchased 41,145 GWh of LNG from Russia, Enagas added. Russia is followed by Algeria and the United States. Algeria exported to Spain 21% of the total amount of gas, and the United States – 18.5%. Earlier, media reported, citing sources, that Madrid urged Spanish importers of Russian…

BENGALURU – Nearly 900 Amazon workers at a warehouse in Britain will stage a strike for three days in the coming week over a pay dispute, labour union GMB said on Saturday. The strike will take place from July 11-13 at Amazon’s warehouse in Coventry, for two hours during the morning and two hours in the evening on the three days, GMB said in an emailed statement to Reuters. It coincides with a “Prime Day” sales event the company has…

Mali has freed at least two jihadists from the Sahel affiliate of the Islamic State group in a prisoner exchange, a security official and two politicians told AFP on Saturday. The Sahel country’s military had in recent days released Oumeya Ould Albakaye and Dadi Ould Cheghoub, both members of the Islamic State in the Greater Sahara (ISGS), flying them from Bamako to the Gao region in the north, the security official said. One of the politicians, an elected official in Gao, said that at least three jihadists were…

The Kremlin on Saturday slammed Ukrainian President Volodymyr Zelensky‘s decision to repatriate several Ukrainian commanders who should have remained in Turkey until the end of the conflict under a deal. The Ukrainian presidency confirmed that it had secured the return of members of the crack Azov regiment, which is despised in Russia, after “negotiations with the Turkish side.” They were greeted at Istanbul airport by Zelensky, who was on a visit to Turkey. “The return of Azov commanders from Turkey to Ukraine is nothing but a direct violation of the terms…

Last week, in a significant victory for free speech, a federal court stepped in to curb potential overreach by the Biden administration in its collaboration with social media platforms to suppress online content. The court ruling, issued by US District Judge Terry Doughty of Louisiana on Tuesday caused critics to complain that it hinders the administration’s efforts to counter online conspiracy theories and “disinformation.” But in the usual doublespeak in an interview with MSNBC, the former head of the government’s controversial Disinformation Governance…