- U.S. prosecutors accused FTX founder Sam Bankman-Fried of conspiring to bribe Chinese government officials to regain access to more than $1 billion in frozen cryptocurrency, in a new indictment that charged him with violating U.S. anticorruption law.
- JPMorgan Chase & Co CEO Jamie Dimon will be questioned in a civil lawsuit over the bank's relationship with Jeffrey Epstein, people familiar with the matter said.
- A federal judge ruled that former U.S. Vice President Mike Pence must testify before a grand jury about conversations he had with former President Donald Trump before Jan. 6, 2021, rejecting executive privilege claims by Trump, people familiar with the ruling said.
- Chinese e-commerce giant Alibaba Group Holding Ltd said it plans to split itself into six independently
run companies that could seek separate IPOs, effectively
dismantling a business empire built over two decades by
charismatic entrepreneur Jack Ma just as the tycoon reappeared
in China.
- House Speaker Kevin McCarthy tried to prod U.S.
President Joe Biden into starting talks over spending cuts as a
condition for raising the debt ceiling, just as Republicans are
struggling to unite around a blueprint for negotiations ahead of
dual deadlines later this year.
- Electric-vehicle maker Lucid Group Inc plans to lay off approximately 1,300 employees, or 18% of its workforce, as the electric-vehicle startup looks to cut operating expenses and preserve cash ahead of releasing a second model next year.
(Compiled by Bengaluru newsroom)
