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Lawyers for Caroline Ellison, the star witness in the prosecution of FTX founder Sam Bankman-Fried, are recommending no prison time for their client's role in the implosion of the crypto empire that was run by her former boss and ex-boyfriend.
As the Iran-backed Houthis up their attacks on ships passing through the Bab al-Mandab straits at the tip of the Arabian peninsula, they are causing major disruption to global trade. All eyes are on China, which is portraying itself as the peacemaker of the Middle East. There’s an expectation that it will pressure Iran to rein in its proxy in Yemen.
A tropical depression strengthened into Tropical Storm Debby north of Cuba on Saturday and was predicted to become a hurricane as it moves through the Gulf of Mexico on a collision course with the Florida coast.
Asia's biggest financial hubs have once again clinched the top spots for being the costliest cities for international workers to live in, according to Mercer.
Ireland, Spain and Norway have broken with the majority of European states by formally recognizing Palestine as an independent state. This follows the Bahamas, Trinidad and Tobago, Jamaica and Barbados, all of which did the same earlier this year, bringing the number of UN members that recognize Palestine to 143 out of 193.
Ryan Salame, a former top lieutenant of FTX founder Sam Bankman-Fried, has been sentenced to 90 months, or seven and a half years, in prison, followed by three years of supervised release. Salame has also been ordered to pay more than $6 million in forfeiture and more than $5 million in restitution.
The State of Palestine is recognised by 143 countries around the world. Norway, Spain and Ireland will join that list.
