Theranos former executive Ramesh Balwani jailed for 13 years in tech fraud

Ramesh “Sunny” Balwani, a former executive of US health technology company Theranos, has been sentenced to 12 years and 11 months in federal prison for fraud, announced United States Attorney Stephanie Hinds on Wednesday. In a statement, the U.S. Attorney’s Office said Balwani risked patient health by misrepresenting the accuracy of Theranos blood analysis technology … Read more

Air India’s legacy wide-body fleet being refurbished, first aircraft to enter service by mid-2024

MUMBAI: For passengers, it’s the cabin interiors that speak the loudest about the age and upkeep of an aircraft and that is why Air India has been at the receiving end of passengers’ ire when it comes to seats, inflight entertainment etc on its legacy wide-body fleet. The airline, which moved from government to private … Read more

FTX’s Bankman-Fried to face market manipulation probe, Do Kwon chimes in

United States federal prosecutors have reportedly begun investigating whether the collapse of the Terra ecosystem was in fact triggered by market manipulation tactics by former FTX CEO Sam Bankman-Fried. According to a Dec. 7 report from The New York Times (NYT), the prosecutors — as part of a broader inquiry into FTX’s own collapse — … Read more

Spain’s central bank to experiment with wholesale CBDCs

Spain’s central bank, the Bank of Spain (BDE) said it intends to launch an experimental program to begin testing wholesale Central Bank Digital Currencies (CDBCs) and is seeking collaboration proposals from local finance and technology institutions. The bank will focus on three main areas with the program that seeks to simulate the movement of funds, … Read more

Israel’s Netanyahu Secures Majority In Parliament, Close To Form Government

Netanyahu’s right-wing alliance won a comfortable victory in a Nov. 1 election. (File) Jerusalem: Israel’s incoming Prime Minister Benjamin Netanyahu secured a parliamentary majority on Thursday after his Likud party said it had reached an agreement with the Jewish ultra-Orthodox Shas party. Netanyahu’s right-wing alliance won a comfortable victory in a Nov. 1 election, Israel’s … Read more