Trump Says US Sent Arms to Iranian Group to Use Against Government

Three ships attempting to transit the Strait of Hormuz were hit by drones, causing some damage to the vessels.  Iranian state media reported that one tanker traveling near the Omani coast was hit after it ignored a warning from the IRGC. The British military said that projectiles hit two other vessels. There were no reports […]

Regulators Circle StanChart After CEO's AI Layoff Comments Spark Uproar It has been a tumultuous week for Standard Chartered CEO Bill Winters. Winters appeared out of touch with the growing anxiety surrounding mounting white-collar AI-related job losses. He described the bank's AI adoption push as "not cost-cutting," but rather as "replacing lower-value human capital with financial and investment capital." Such language ignited a firestorm for the CEO and the bank, and by the end of the week, regulatory scrutiny had descended on the firm. Reuters reports that authorities in Hong Kong and...

US Navy Destroyer Suffered 4-Day Power Outage In Sweltering South China Sea Large US naval battleships continue to suffer problems at sea. While there have been many headlines of late detailing the problems of the USS Abraham Lincoln carrier connected to its extended deployment amid the Iran war, a separate warship is having serious problems in Pacific waters, quite apart from the crisis in the Persian Gulf. "A US Navy guided-missile destroyer spent four days last month without working toilets, galley services and air conditioning in the blistering heat of the...