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Jack Dorsey lost $526 million hours after Hindenburg report

Block co-founder Jack Dorsey's net worth plummeted after Hindenburg Research's latest report, which alleged the payments company ignored widespread fraud.

The former Twitter CEO's fortune dropped $526 million, or 11%, in one day on Thursday. According to the Bloomberg Billionaires Index, Dorsey is now worth $4.4 billion.

Block's stock also fell as much as 22% on Thursday, before closing down 15%.

Investment research firm Hindenburg released a report Thursday claiming that Block had inflated user metrics and that the stock has downside of 65% to 75% "on a purely fundamental basis."

Block denied the allegations and said it plans to explore legal action against Hindenburg.

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Man who supplied guns for Haitian president Moise's assassination pleads guilty
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A dual Haitian-Chilean citizen has pleaded guilty to being part of the assassination of Haitian President Jovenel Moise, who gunned down in his hom

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Biden says 'doesn't mean they won't' but China has not 'yet' delivered arms to Russia
WION - world News Releases (RSS)

United States President Joe Biden on Friday told the press that he believes China is yet to send arms to Russia for Moscow's invasion of Ukraine.

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NZ FM To 'Raise Concerns' with Beijing over Security

During her four-day visit, Foreign Minister Nanaia Mahuta will discuss key regional and global security challenges with counterpart Qin Gang, and advocate "for approaches and outcomes that reflect New Zealandโ€™s interests and values, including on human rights."

It is an opportunity to discuss "where our interests and values align, like that of climate change, and where they differ,โ€ Mahuta said, before meeting with business and women leaders.

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The good times of Western economic prosperity are over and not coming back any time soon
RT World News (RSS)

Having once built a capitalist system of booming growth, the US is now throttling it with politics and bad fiscal decisions

Yesterday, the United States Federal Reserve decided to yet again increase interest rates by 0.25% up to 5% despite the collapse of several US banks, including Silicon Valley Bank (SVB), as well as more trouble overseas.

This eye-watering increase is expected to have a negative impact on US economic growth, place banks under even further strain, and, by extension, have global implications. The goal of the hike is to tame surging inflation that has spooked Western countries and...

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Donald Trump's former aides ordered to testify in Capitol riots probe
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A US Judge has ordered Donald Trump's ex-aides to appear before the grand jury investigating the notorious attack on the US Capitol building.

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Jeff Bezos' Blue Origin hopes to resume space flights 'soon'
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Billionaire Jeff Bezos' space company Blue Origin on Friday expressed hopes of resuming flights of its grounded rockets soon.

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How Soviet armored trains helped defeat Nazi Germany

The outbreak of war came as a real nightmare for Soviet armored trains, which frequently had to cover the withdrawal of Red Army units single-handedly. If the enemy managed to sever the railway line, the armored train was doomed. It was either destroyed or blown up by its own crew.

With the turning of the tide in the war, the โ€œfortresses on wheelsโ€ were transformed from desperate โ€œsuicide trainsโ€ into a solid back-up for Soviet troops as they swept westwards.
One elusive Soviet armored train caused the Germans so much trouble that they dubbed it the โ€˜Green Ghostโ€™.

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US Firm Claims Beijing Authorities Raided Office and Detained Staff

Due diligence company Mintz Group claims five of its Chinese staff were apprehended and its operations ceased, and have vowed to "resolve any misunderstandings" with authorities.

The New York-headquartered business - which according to its website specialises in background checking, fact gathering and internal investigations - claims it was not given legal notification of the raid, and says the detainees are being held incommunicado outside of Beijing.

"Red alerts should be going off in all boardrooms right now about risks in China," a US-based business community person told Reuters.

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Mexico Tapped the Phone of Human Rights Activist - President

President Andres Manuel Lopez Obrador confirmed his government tracked the phone of activist Raymundo Ramos in 2020, but added that it was lawful because he โ€œwas speaking on the phone to a suspected drug traffickerโ€ who was under investigation.

The admission comes after a report by non-profits claimed the military had access to messages Ramos had sent to journalists, follows allegations of widespread spying on journalists and opponents - an assertion the President furiously denies.

Ramos claims the government โ€œwant to shoot the messenger,โ€ he told Reuters in response to the Presidentโ€™s comments.

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US Senate rejects bid to repeal 2001 war authorization
RT World News (RSS)

The decades-old legislation has been invoked to justify US military operations in at least 22 countries

The US Senate has overwhelmingly voted down a proposal to repeal a 2001 law which has been interpreted to grant sweeping war powers to the White House. Several presidents have cited the same measure as legal backing for dozens of military interventions around the world over more than 20 years.

Introduced by Republican Senator Rand Paul to mark the 20th anniversary of the US invasion of Iraq, an amendment to rescind the 2001 Authorization for Use of Military Force (AUMF) was...

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China responds to TikTok allegations
RT World News (RSS)

Beijing insisted it would never ask any Chinese company to collect data or intelligence abroad

China has rejected charges by US officials that TikTok is used to collect Americansโ€™ data, rebutting the claims after the companyโ€™s CEO was grilled by lawmakers in Washington amid growing calls to ban the popular video-sharing app. 

Asked about TikTok chief Shou Zi Chewโ€™s contentious appearance before the US Congress this week, Chinese Foreign Ministry spokesperson Mao Ning argued that the Peopleโ€™s Republic โ€œtakes data privacy and security very seriously.โ€

...

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US due diligence firm Mintz Group's office raided in Beijing
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US corporate due diligence firm Mintz Group said on Thursday (March 16) that its office in Beijing was raided by Chinese authorities and that five

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'Hotel Rwanda' hero to be released from Rwandan prison
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The Rwandan government has announced that Paul Rusesabagina, who was portrayed as a hero in the Hollywood film "Hotel Rwanda" about the Rwandan gen

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