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'Remorseless' FTX Founder Sam Bankman-Fried Sentenced to 25 Years for $8 Billion Fraud
FTX founder Sam Bankman-Fried was sentenced to 25 years for a $8 billion fraud scheme. The judge criticized his defense, and victims testified on the impact. Bankman-Fried plans to appeal.
Ford Considers Spain Plant for New SUV Production, Expanding European Market Presence
Ford is considering making a new SUV in Valencia, Spain, aligning with European market trends. Spanish PM welcomes the move, potential job boosts amid trimming Ford workforce, slowing EV sales in Michigan.
Thames Water's Debt Crisis To Be Passed On To Customers With 40% Bill Hike
Thames Water, a major UK water company, grapples with £15 billion ($19.5 billion) debt. As expected £500 million ($650 million) funding falls through, and bill hikes up to 40% will be implemented instead.
Russia Suspiciously Received $20 Billion Crypto Transfers; US And UK Now Investigating
The US and UK are investigating cryptocurrency transactions exceeding $20 billion routed through a Russian-based virtual exchange, part of their strategy to combat sanctions evasion linked to Vladimir Putin's actions in Ukraine.