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World’s richest people lose $108 bln due to DeepSeek traction

NEW YORK, the United States | TASS | The world’s richest people lost at least $108 billion after the decline of the main indices as the Chinese AI developer DeepSeek-R1 update emerged, Bloomberg reported. Billionaires whose fortunes are related to AI suffered the largest losses. The fortune of Oracle co-founder Larry Ellison …

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The Fed is running scared of Trump

  COMMENT | STUART P.M. MACKINTOSH | Donald Trump is back in the White House, and the technocrats are running for cover. Trump has made clear his desire to dismantle the “deep state,” which he depicts as a shadowy network of bureaucrats who “weaponize” the “power of the state” to “persecute …

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What to know about U.S.-Colombia clash over deportation

WASHINGTON | Xinhua |  The United States pulled back from imposing punitive tariffs on Colombia after the South American country agreed to accept deported citizens sent on U.S. military aircraft on Sunday. This came after a flurry of tariff threats between U.S. President Donald Trump and his Colombian counterpart Gustavo …

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Hamas rejects Trump’s relocation proposal

GAZA | Xinhua |  Hamas on Sunday rejected U.S. President Donald Trump’s proposal to relocate Palestinians from the Gaza Strip to Egypt and Jordan. In a press statement, Hamas described the plan as an “aggressive scheme” aimed at displacing Palestinians and undermining their national cause. Hamas said that the Palestinian …

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S. Korean prosecution indicts President Yoon on insurrection charg

SEOUL | Xinhua | South Korea’s prosecution indicted arrested President Yoon Suk-yeol on an insurrection charge, multiple media outlets reported on Sunday. Yoon was put on trial in custody as the suspected ringleader of insurrection, becoming the country’s first incumbent president to be formally arrested and indicted. Yoon was accused …

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Israeli forces to remain in Lebanon after withdrawal deadline

JERUSALEM, Israel | Xinhua | Israel will maintain forces in southern Lebanon beyond the Sunday deadline stipulated in the ceasefire agreement with Hezbollah, the office of Prime Minister Benjamin Netanyahu announced Friday. The agreement, signed on Nov. 27, 2024, mandated a complete Israeli withdrawal from Lebanon within 60 days, concluding this …

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Beware the TikTokalypse

China already engages in espionage on an industrial scale. On January 14, the FBI announced that malware from Mustang Panda, a Chinese government-backed hacker group, had infected thousands of computers, stealing sensitive security information. COMMENT | TODD G. BUCHHOLZ | When the US president, Congress, and Supreme Court are all in a tizzy …

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