Key Witness at Sam Bankman-Fried Trial to Launch New Crypto Exchange

A group of former FTX executives, including one who served as a key witness against Sam Bankman-Fried, are teaming up to build a new cryptocurrency exchange that aims to solve the problems that doomed their previous employer. Trek Labs, a Dubai-based startup led by the former FTX general counsel Can Sun, received a license from … Read more

Google Antitrust Trial Exposes Deepening Rift With Microsoft  

Satya Nadella wanted to make nice with longtime rival Google when he became chief executive of Microsoft almost a decade ago. Those days now feel like a distant memory. Google’s antitrust trial in Washington, D.C., has provided a stage for Microsoft to air long-simmering grievances about the search giant’s market dominance. It also has opened a … Read more

Which rules do the top tech moguls want?

And then there’s Anthropic, founded in 2021 by former members of OpenAI, the safety-focused AI company has swiftly attracted substantial investments, including a potential $4 billion (€ 3.8 bio) from tech behemoth Amazon — and despite the firm’s nascent existence, its CEO Dario Amodei has already carved his niche in the AI regulation debate. During a recent … Read more

Russia Turns to Longtime Arms Customers to Boost War Arsenal 

Listen to article (2 minutes) Russia has sought to retrieve parts from defense systems it had exported to countries such as Pakistan, Egypt, Belarus and Brazil, as it tries to replenish the enormous stocks of weapons being expended for the war in Ukraine. Last April, a delegation of Russian officials visiting Cairo asked Egyptian President … Read more

Canada Orders Phone Companies to Offer Wholesale Access to Fiber-Optic Broadband

OTTAWA—Canada’s telecommunications regulator on Monday ordered the country’s big phone companies to make available their fiber-optic internet services to small independent broadband providers, saying this would improve access to higher-speed internet for households and bolster competition in the sector. The Canadian Radio-television and Telecommunications Commission said the decision was triggered by worries over a decline … Read more

A Westernprice cap on Russian oilmeant to curb Moscow's war spending is increasingly losing its punch and U.S. officials are scrambling to shore up their experimental intervention in global oil markets.

A Western price cap on Russian oil meant to curb Moscow’s war spending is increasingly losing its punch and U.S. officials are scrambling to shore up their experimental intervention in global oil markets.

China Cracks Down on 'Pig Butchering.' (It Isn't What You Think.)

Beijing is pursuing scam mills that operate out of secretive, dystopian compounds and swindle people worldwide.

Detroit Revs Up Venture-Capital Deal Making

Oct. 25, 2023 6:00 am ET|WSJ Pro An unlikely city sits near the top of a venture-capital list: Detroit. Long a symbol of industrial decline, the Motor City ranked second, ahead of destinations such as Berlin and Miami, in a PitchBook Data report on venture-capital ecosystems worldwide that have shown the most growth, scoring high … Read more

SEC Retreats From High-Stakes Lawsuit Over XRP Cryptocurrency

Updated Oct. 19, 2023 7:11 pm ET WASHINGTON—The Securities and Exchange Commission on Thursday said it would drop its lawsuit against two cryptocurrency executives who oversaw $1.5 billion in sales of a digital coin known as XRP, in a move that boosts the industry’s battle against traditional regulation. The dismissal of civil claims against Brad … Read more