Category: All News

For a brief moment of time, a judge in Arizona conspired with a vindictive politician to pretend the First Amendment didn’t exist. Senator Wendy Rogers — who was censured by the state senate last year for stating her political opponents should be hanged — took litigious offense at the methods deployed by journalist Camryn Sanchez, who covers the state senate for the Arizona Capitol Times. Sanchez wanted answers on Senator Rogers’ seemingly excessive travel expenses, something supposedly owed her because…

WASHINGTON — Lockheed Martin, the world’s largest defense contractor by revenue, said its products were used in an exercise near Alaska to consistently share military information across services and environments. The testing during Northern Edge, a biennial experiment put on by U.S. Indo-Pacific Command, marked the first time “true” synchronization was demonstrated at such scale, the company said, hinting at its implications for the Defense Department’s connect-everything-everywhere campaign known as Joint All-Domain Command and Control. The department is pursuing JADC2…

COPENHAGEN, Denmark — The aircraft carrier Gerald R. Ford, on its first deployment under the aegis of a combatant commander, arrived Wednesday in Oslo. The flattop will remain in the Norwegian capital until Tuesday and then take part in drills with the Norwegian armed forces, reportedly in the Arctic. Norwegian military leaders say the training gives them “a unique opportunity to further develop cooperation and work more closely with our most important ally, the United States.” Described as the largest…

WASHINGTON — Boeing’s effort to build a new trainer aircraft for the Air Force is plagued by safety problems, schedule and testing delays, and the risk the T-7A Red Hawk could fall even further behind schedule, the Government Accountability Office said in a scathing report. Boeing’s relationship with the Air Force has also been strained by the T-7′s issues, GAO said in the May 18 report, with service officials describing their ties as “tenuous.” As the program proceeds and Boeing…

NEW YORK – Meta Platforms Inc started carrying out the last batch of a three-part round of lay-offs on Wednesday, according to a source familiar with the matter, as part of a plan announced in March to eliminate 10,000 roles. Meta earlier this year became the first Big Tech company to announce a second round of mass layoffs, after showing more than 11,000 employees the door in autumn. The cuts brought the company’s headcount down to where it stood as…

OSLO – The world’s largest aircraft carrier, the USS Gerald R. Ford, sailed into Oslo on Wednesday, a first for such a US ship. It is a show of Nato force at a time of heightened tension between the regional alliance and Russia over the war in Ukraine. The ship and its crew will be conducting training exercises with the Norwegian armed forces along the country’s coast in the coming days, the Norwegian military said. “This visit is an important…

  Labor authorities have recognized that the mental illness suffered by an executive of the Japanese leg of Swiss watchmaker Swatch Group Ltd was caused by bullying at the hands of the branch’s president, constituting an industrial accident, the employee’s union said Wednesday. The executive, a Japanese woman in her 50s, claims she was relentlessly scolded by the president of Swatch Group (Japan) KK, a female foreign national, and subjected to power harassment, as workplace bullying is referred to in…

LONDON – Britain’s Competition and Markets Authority (CMA) said on Wednesday it had provisionally found five major global banks allegedly broke UK competition law by exchanging sensitive information on government bond trading activities in one-to-one online chats. In a statement, the watchdog alleged Citi, Deutsche Bank, HSBC, Morgan Stanley and Royal Bank of Canada each unlawfully shared information by participating in one or more one-to-one conversations in Bloomberg chatrooms between a small number of traders at varying times between 2009…

WASHINGTON – More than 100 members of the US Congress and the European Parliament on Tuesday called for the removal of an oil industry executive tapped to lead the next United Nations climate change conference. The choice of Sultan Al Jaber, chief executive of the Abu Dhabi National Oil Company (Adnoc), to head December’s COP28 summit in Dubai has angered activists who fear it will hold back progress on reducing emissions. The lawmakers expressed “profound concern” over the appointment in…

NEW YORK – Martin Shkreli, the former pharmaceutical chief executive officer who served almost seven years in prison for securities fraud, is earning US$2,500 (S$3,370) a month consulting for a law firm and living with his sister in Queens, New York, according to the US Probation Office. Shkreli, 40, has had a mostly “positive adjustment” since being released from prison in 2022 and is currently employed by the Law Office of Christopher K. Johnston, according to a probation report filed…

SINGAPORE – Manulife US Real Estate Investment Trust (Manulife US Reit) has entered into a letter of intent to sell Phipps Tower in Atlanta, Georgia, to its sponsor The Manufacturers Life Insurance Company. The purchase consideration should be no more than the average of two independent valuations commissioned by the Reit’s manager and its trustee, DBS Trustee. On Wednesday, the Reit manager said its proposed divestment comes as part of its ongoing strategic review to “enhance unitholder value”. It intends…

Most of us wouldn’t argue that private companies can’t run their businesses the way they prefer. The gold standard has been the right to refuse service to anyone — something that covers everything from refusing paper checks from certain customers to booting people off social media services for refusing to stop behaving like inveterate assholes. When private companies do things, they rarely mess with constitutional protections. There are guardrails in place to prevent discrimination against minorities and other historically oppressed…

SINGAPORE – Financial institutions are required to alert the police and the financial regulator if they suspect that a transaction could be related to a crime, although there is no threshold set for when they must flag these activities. They are also required to step up their measures to manage the higher risks of money laundering and terrorism financing posed by customers such as wealthy individuals, said a Monetary Authority of Singapore (MAS) spokesman on Tuesday. MAS said financial institutions…

ZURICH – Switzerland’s Federal Administrative Court has received 230 claims against the country’s financial regulator Finma after it wrote off the value of Credit Suisse’s AT1 bonds, the court said on Tuesday. The claims related to 2,500 individual parties, a court spokesman told Reuters. The court in the north-eastern Swiss city of St Gallen, declined to say whether the time limit for filing further claims had expired or the amount of compensation claimed. The bond holders have sued Finma after…

LONDON – Meta on Monday was fined a record 1.2 billion euros (S$1.75 billion) and ordered to stop transferring data collected from Facebook users in Europe to the United States, in a major ruling against the social media giant for violating European Union (EU) data protection rules. The penalty, which eclipses a 746 million euro EU fine previously doled out to Amazon.com, was announced by Ireland’s Data Protection Commission. It is potentially one of the most consequential in the five…

WASHINGTON — The Air Force is focused on avoiding the mistakes that plagued past programs like the F-35, as the service officially kicks off its effort to build a sixth-generation fighter, Secretary Frank Kendall said Monday. That includes ensuring the Air Force has access to all the sustainment data it needs from the contractor building the Next Generation Air Dominance platform, Kendall told reporters at a breakfast roundtable hosted by the Defense Writers Group. “We’re not going to repeat the,…