Senator Bob Menendez recently raised concerns about the exploitation of the litigation finance industry by foreign actors during a Senate Banking Committee hearing. Specifically, he highlighted the issue of Russian billionaires with ties to President Vladimir Putin funding bankruptcy lawsuits in New York, despite being sanctioned after the invasion of Ukraine. Menendez’s questioning of Deputy
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The United States has issued a clear warning to China, stating that they are prepared to sanction Chinese banks, companies, and Beijing’s leadership if they assist Russia in the invasion of Ukraine. U.S. Treasury Secretary, Janet Yellen, emphasized in an interview that any form of assistance towards Russia’s military efforts in Ukraine will not be
National Security Spokesman John Kirby has stated that Israel’s decision to withdraw some troops from Southern Gaza does not signify a shift in military strategy. According to Kirby, the troops are being withdrawn for rest and refit after four months on the ground, rather than in preparation for a new operation. The Israel Defense Forces
In a bold statement on Saturday, former President Donald Trump declared his willingness to go to jail for violating a gag order in his upcoming New York hush money trial. Trump likened himself to a “Modern Day Nelson Mandela,” stating that it would be his great honor to face imprisonment for his actions. This provocative
During her official meetings in China, U.S. Treasury Secretary Janet Yellen emphasized the importance of pursuing market-oriented reforms and addressing overcapacity concerns. Yellen’s visit to Guangzhou and Beijing highlighted the need for a healthy economic relationship that benefits both American and Chinese economies. The issue of China’s industrial overcapacity, which can have global spillover effects,
British billionaire Joe Lewis has found himself in hot water after being ordered to pay a $5 million fine and serve three years of probation for sharing illegal stock tips. U.S. District Judge Jessica Clarke in Manhattan handed down the sentence after Lewis pleaded guilty to one count of conspiracy and two counts of securities
In a recent case that has captured public attention, two Florida brothers, Michael Shvartsman and Gerald Shvartsman, pleaded guilty to insider trading charges in New York federal court. The charges were related to their purchase and sale of securities of Digital World Acquisition Corp., a shell company that eventually merged with former President Donald Trump’s
The recent phone call between President Joe Biden and Chinese President Xi Jinping was described as an opportunity for the two leaders to “check in” and manage the strained U.S.-China relationship. The White House emphasized the need for intense diplomacy to address tensions, misperceptions, and prevent unintended conflict. This call was seen as a way
The aftermath of the two-week operation by Israeli forces at Al Shifa Hospital in Gaza City has left a wasteland of destroyed buildings and the shocking sight of Palestinian bodies scattered in the dirt of the complex. The area around the Gaza Strip’s largest hospital has become a scene of devastation, with hundreds of residents
The recent collapse of Baltimore’s Francis Scott Key Bridge has had far-reaching implications that extend beyond the city and state of Maryland. This tragic event is being described as a national economic catastrophe by Maryland Governor Wes Moore. The bridge collapse has disrupted a key shipping route that serves as a primary access point for