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US judge sentences ex-Goldman Sachs banker to two years over 1MDB scandal
A US judge on Thursday sentenced a former Goldman Sachs banker central to the 1MDB scandal to two years in prison after prosecutors argued for leniency due to his cooperation. But Goldman Sachs dismissed Leissner's cooperation.
Trump steps up call for US rate cuts in talks with Fed chief
US President Donald Trump on Thursday stepped up the pressure on Federal Reserve chair Jerome Powell to cut interest rates, in their first sit-down since the Republican returned to the White House in January. Trump told Powell that he was "making a mistake by not lowering interest rates," White House Press Secretary Karoline Leavitt told a press briefing after the meeting.
Sidi Ould Tah: Africa's new 'super banker'
Sidi Ould Tah is the first Mauritanian to become president of the African Development Bank (AfDB) and will need all his international experience to tackle the challenges facing the institution.
Generative AI's most prominent skeptic doubles down
Two and a half years since ChatGPT rocked the world, scientist and writer Gary Marcus still remains generative artificial intelligence's great skeptic, playing a counter-narrative to Silicon Valley's AI true believers.
Boeing CEO confident US will clear higher MAX output in 2025
Boeing is eyeing approvals for significantly higher production of the 737 MAX in 2025 after US authorities allowed increased output on the 787 plane, the company's CEO said Thursday. Boeing CEO Kelly Ortberg said the company could win US approval to raise MAX output at mid-year and again at the end of 2025.
Chinese exporters "on hold" despite US tariff relief
Chinese exporters in one of the world's busiest port cities spoke Thursday of murky horizons as they try to navigate the trade maelstrom unleashed by the ever-changing saga of US tariff policy. Exporters at a bustling cross-border trade fair in Ningbo who spoke to AFP said they were stuck in port -- both metaphorically as they surveyed an uncertain future, and in some cases quite literally.
Italian designer Maria Grazia Chiuri out at Dior
Dior announced Thursday that Italian designer Maria Grazia Chiuri was stepping down as artistic director of the French fashion house's women's collection after almost a decade on the job. "The House of Dior wishes today to express its deepest gratitude to Maria Grazia Chiuri after a wonderful collaboration as Artistic Director of the Women's collections since 2016," Dior said in a statement.
Saudis in 'difficult' talks to keep Ronaldo next season: PIF source
Saudi officials are in "difficult" talks to keep Cristiano Ronaldo in the country, a source with knowledge of the negotiations told AFP on Thursday, after the star footballer suggested he was leaving Al Nassr.
Jihadist attacks hit Mozambique as Total readies to resume gas project
A series of attacks in northern Mozambique this month point to a resurgence of violence by Islamic State-linked militants as energy giant TotalEnergies prepares to resume a major gas project, analysts say. The group terrorised northern Mozambique for years before brazenly vowing in 2020 to turn the northern gas-rich Cabo Delgado province into a caliphate.
AFP
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