BYD Shares Soar Most In 13 Months As Chinese EV Push Into Americas Accelerates

Former AI SPAC Executives Indicted For Fabricating "Virtually All" Revenue And Customers What looked like a booming AI company was, prosecutors say, an audacious house of cards built on deception. iLearningEngines (former stock symbol AILE) executives allegedly fabricated virtually every pillar of their business—customers, revenues, and contracts—to cash in on the AI hype and dupe both everyday investors and major institutions. The scheme involved creating entire fake client ecosystems: shell companies with polished websites, insiders or relatives posing as corporate executives, and bogus multimillion-dollar agreements designed to withstand scrutiny, according to a...

World Economic Forum Boss Borge Brende Quits As Epstein Fallout Deepens The Jeffrey Epstein fallout continues to spread across the corporate and political worlds, with new headlines daily. Bill Gates told foundation staff earlier this week, "I did nothing illicit." Goldman Sachs' top lawyer, Kathy Ruemmler, stepped down last week over her ties, and former Prince Andrew was arrested on suspicion of misconduct related to sending Epstein trade documents. Now, the World Economic Forum chief executive, Børge Brende, is stepping down following an investigation by the organization into his connections...

US Warns Ally Oman That It Better Pick The 'Right' Side In Hormuz Standoff The saga of rare Washington pressure on its longtime regional ally Oman continues, with on Tuesday The Wall Street Journal reporting that US officials are growing "increasingly frustrated" with Muscat's neutral stance, which they now view as hostile to US interests. Oman has stood accused of cooperating with Iran on a proposed toll collection scheme which would benefit Tehran and circumvent America's aims for the region. Via container-news "In recent days, the Trump administration has threatened to sanction and even bomb Oman,...