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Japan’s warning to Elon Musk’s X

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Japan’s finance ministry has issued a rare warning to X, formerly known as Twitter, urging the platform to take down an account impersonating Masato Kanda, the country’s top currency diplomat.

The ministry asked users not to follow or comment on the posts from the impersonation account. Masato Kanda is a significant figure in Japan’s efforts to stabilize the value of the yen, and his public statements can influence the currency’s value against other major currencies.

The impersonation account, which had around 550 followers, had not made any comments related to the yen or financial markets. It had only posted five times, with the latest post attempting to impersonate Mr. Kanda’s trip to Ukraine.

Following Japan’s request, the fake account now appears to have been suspended by X, with a notice on the platform indicating a violation of Twitter rules.

The yen has traditionally been considered a safe-haven currency in the global financial markets. However, it has depreciated against the US dollar in recent months due to Japan’s central bank keeping its main interest rate below zero while other central banks raised their interest rates, making their currencies more attractive to investors.

The Bank of Japan recently announced it would allow rates to rise more freely, but the yen remains weak against the dollar, reaching its lowest level in over a month at 143.89.

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Trump trial: will the jury selection impact the trial’s outcome?

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The Trump hush money trial has progressed with the selection of the first seven jurors, marking a significant step in the legal proceedings.

  • Seven jurors were selected

  • Defense and prosecution lawyers questioned potential jurors for impartiality

  • The judge warned lawyers he would not tolerate disruptions after he said Former US President Donald Trump audibly muttered during a prospective juror’s questioning

The selection of jurors is a crucial step in ensuring a fair trial, as they will ultimately decide Formers US President Donald Trump’s fate in this legal battle, as reported by Reuters.

The process of jury selection involves careful vetting of potential jurors to ensure impartiality and fairness.

Each juror’s background, beliefs, and potential biases are scrutinised to ensure they can render an impartial verdict based solely on the evidence presented in court.

With seven jurors already chosen, the selection process is expected to continue as both the prosecution and defence seek individuals who can objectively weigh the evidence.

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How a ransomware attack would disrupt the food supply chain

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Massive financial gains continue to be one of the top motivating factors behind cyberattacks.

The Information Technology – Information Sharing and Analysis Center (IT-ISAC) has been tracking ransomware incidents and trends since 2021.

Despite government and law enforcement efforts to take down malicious infrastructure, new ransomware strains continue to emerge.

The company just released its analysis of the 2023 ransomware landscape report and insights for 2024.

Jonathan Braley, Director of the Food and Ag-ISAC joins Veronica Dudo to discuss. #IN AMERICA TODAY #featured #ransomware #ransomwareattacks #foodsupplychain

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Curious times for AI & investing as stark reality becomes clear

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Both private funding for startups and corporate mergers and acquisitions within the sector have decreased, reflecting a shift in investor sentiment.

While some AI ventures continue to attract significant investments, experts attribute the overall downturn to challenges in scaling AI technologies and a more cautious investment climate.

Generative AI stands out as a bright spot, experiencing exponential growth in funding despite lingering skepticism among corporate executives.

Amidst this market correction, some view the shift as necessary for a more sustainable investment landscape, predicting stable growth in the coming years.

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