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Russia detains cyber-security tycoon on treason charges
The head of one of Russia’s top cyber-security firms has been detained on suspicion of state treason
A court in Moscow said it had ordered that 35-year-old Ilya Sachkov be held in custody for two months, but did not provide further details on the charges.
An anonymous security source told a state news agency that Mr Sachkov had denied passing on confidential information to foreign intelligence services.
Group-IB, the company which he founded, has worked alongside prominent banks, Russia’s Ministry of Internal Affairs and Interpol, to protect them from cyber-security attacks.
The company said in a statement their offices in Moscow and St Petersburg had been searched by authorities, but that it was not clear why.
Mr Sachkov has previously been awarded by Russian President Vladimir Putin for his work in identifying and preventing threats to national computer systems.
He is the latest in a series of prominent Russians, including scientists, cyber-security officials, and a former journalist, to be arrested in the country on treason charges in recent years.
News
U.S. approves Nvidia H200 chip exports to China amid tensions
U.S. approves Nvidia’s H200 AI chip exports to China, balancing security with tech collaboration amid ongoing tensions.
U.S. approves Nvidia’s H200 AI chip exports to China, balancing security with tech collaboration amid ongoing tensions.
The U.S. Commerce Department has approved exports of Nvidia’s H200 AI chips to China, signaling a cautious compromise in the ongoing technology standoff between the two countries. This decision reflects efforts to balance national security concerns with continued technological collaboration.
Nvidia shares jumped 2% following the announcement, showing investor optimism about the move. Analysts are closely watching how Chinese firms will respond and whether they will aggressively pursue these high-performance AI chips.
Despite the approval, concerns remain about the potential military applications of AI technology. Officials emphasize that the decision aims to protect U.S. interests while navigating complex international tech dynamics.
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Fed faces challenges ahead of Trump’s nominee as rate decisions loom
Fed faces critical leadership transition as Trump nominates new chair amid economic uncertainty and potential rate cut discussions.
Fed faces critical leadership transition as Trump nominates new chair amid economic uncertainty and potential rate cut discussions.
The U.S. Federal Reserve is entering a critical period as it prepares for President Donald Trump’s upcoming nominee to lead the central bank. Markets are closely watching how the Fed will navigate this leadership transition amid ongoing economic uncertainty.
The Fed’s two-day meeting could result in a modest quarter-percentage-point rate cut. However, future policy decisions will hinge on key economic projections and inflation trends, leaving analysts debating how much room the central bank really has to maneuver.
Trump is pushing for lower interest rates to boost the housing market before the midterms, but this could complicate the next Fed chair’s path. Data delays from the recent government shutdown may also affect the Fed’s decision-making this week, adding another layer of uncertainty.
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Paramount makes $108B hostile bid for Warner Bros Discovery
Paramount’s $108.4B bid for Warner Bros reshapes media landscape, likely facing antitrust hurdles amid board’s Netflix preference.
Paramount’s $108.4B bid for Warner Bros reshapes media landscape, likely facing antitrust hurdles amid board’s Netflix preference.
Paramount has launched a staggering $108.4 billion hostile bid to acquire Warner Bros Discovery, shaking up the media landscape. The proposal, supported by Jared Kushner’s investment firm and Middle Eastern funds, offers $18 billion more in cash than Netflix’s recent $72 billion deal for the same assets.
Warner Bros’ board is currently reviewing the Paramount offer but continues to recommend the Netflix deal. Analysts warn that a merger of this scale could face intense antitrust scrutiny, potentially delaying or even blocking the deal.
Paramount argues that its acquisition would boost competition and provide stronger support for the creative community, promising a new chapter in Hollywood consolidation.
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