Chinese Hackers Breach US Treasury via Third-Party Software: Officials Report
The US Treasury Department has reported a “major cybersecurity incident” involving a breach by Chinese state-sponsored hackers. The intrusion, revealed in a letter sent to Congress on Monday, occurred through a third-party software service provider. The breach was first detected…
US Files Fraud Charges Against Indian Billionaire Gautam Adani
Indian billionaire Gautam Adani, one of Asia’s wealthiest individuals, faces fraud charges in the United States. Prosecutors accuse him of orchestrating a $250 million bribery scheme to secure lucrative contracts and concealing the misconduct to attract investors in the US…
Walmart and Branch Messenger Sued by US Watchdog for Allegedly Opening Illegal Accounts
Walmart Inc. and its financial technology partner, Branch Messenger Inc., are facing a lawsuit from the US Consumer Financial Protection Bureau (CFPB) over allegations that they opened costly and unauthorized bank accounts for delivery drivers. According to a report by…
Trump, Elon Musk’s Support for H-1B Visa Sparks Controversy in the US; Indian Government on Alert
The debate surrounding the H-1B visa policy has taken a new turn with the appointment of Chennai-born Sriram Krishnan as senior White House policy adviser on artificial intelligence (AI) under the incoming Donald Trump administration. The move sparked backlash from…
Key Changes in Regulations and Rules from January 1, 2025
As we welcome the new year, several significant changes are set to take effect across various sectors, impacting businesses, consumers, and the economy. From higher car prices to updates in GST compliance, here’s a rundown of what to expect starting…
U.S. Leads Global Effort to Tackle AI Safety Amid National Security Concerns
In a pivotal moment for artificial intelligence (AI), U.S. Commerce Secretary Gina Raimondo emphasized the importance of cautious innovation, stressing that AI’s rapid advancements should be tempered with careful consideration of its consequences. “AI is a technology like no other…
The Best and Worst North American Airports Ranked: A Deep Dive into Traveler Satisfaction
Airports are often the first and last impression of a trip, and travelers have plenty to say about their experiences. The 2024 J.D. Power North America Airport Satisfaction Study shines a spotlight on which airports stand out and which fall…
How ReelShort CEO Joey Jia Disrupted the U.S. Entertainment Industry with a Chinese Trend
When the first episode of The Double Life of My Billionaire Husband unfolds, it feels like a typical daytime TV drama: a female protagonist pleads with her father and evil stepmother for $50,000 to pay for her mother’s kidney dialysis….
Global Brands Fail to Meet Plastic Reduction Goals Despite Pledges
Despite major pledges from multinational corporations to reduce their plastic use, global efforts to curb plastic pollution have made little progress, according to a new report. The U.N. Environment Programme and the Ellen Macarthur Foundation’s latest annual review shows that…
McDonald’s Shifts Diversity Strategy in Response to Legal and Political Pressures
McDonald’s has announced significant changes to its diversity initiatives, becoming the latest in a growing list of major U.S. corporations to scale back their diversity, equity, and inclusion (DEI) programs following the 2023 U.S. Supreme Court ruling that banned affirmative…
Meta’s Fact-Checking Change: What It Means for Misinformation on Facebook and Instagram
Meta’s recent decision to end its fact-checking program in favor of a crowdsourced model is sparking intense debate over its potential consequences for online misinformation. Just ahead of Donald Trump’s return to the presidency, Meta is shifting its approach to…
Business Groups Push Back Against Tea Party Influence in GOP Primaries
In a move that signals the growing frustration among business leaders, prominent trade groups and executives are vowing to take an active role in upcoming GOP primaries. Their goal is clear: challenge the influence of Tea Party-backed conservatives who have…