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  • News
    The Canadian Press

    Biden OKs $60M in aid after Baltimore bridge collapse as governor warns of 'very long road ahead'

    BALTIMORE (AP) — Maryland Gov. Wes Moore warned Thursday of a “very long road ahead” to recover from the loss of Baltimore's Francis Scott Key Bridge as the Biden administration approved $60 million in immediate federal aid after the deadly collapse. Meanwhile the U.S. Army Corps of Engineers was moving the largest crane on the Eastern Seaboard to help remove the wreckage of the bridge, Moore said, so work to clear the channel and reopen the key shipping route can begin. The machine, which can l

  • Business
    Bloomberg

    Tokyo Inflation Slows, Backing BOJ Case for Caution on Rates

    (Bloomberg) -- Consumer price growth in Tokyo decelerated in March, supporting the central bank’s case for a cautious policy stance after its first rate hike since 2007 earlier this month.Most Read from BloombergTesla’s $25,000 Car Means Tossing Out the 100-Year-Old Assembly LineBankman-Fried Is Sentenced to 25 Years in Prison Over FTX CollapseUBS Banker’s Frustration Exposes Cracks in World of Climate FinanceDubai Is Losing Its Allure for Wealthy RussiansApple Plans New iPad Pro for May as Prod

  • Business
    Bloomberg

    Blackwells Sues Disney Over Ties to ValueAct in Proxy Fight

    (Bloomberg) -- Blackwells Capital LLC asked a Delaware judge to force Walt Disney Co. to hand over records about its relationship with activist investor ValueAct Capital Management and the role it played in a fight over the makeup of the entertainment giant’s board of directors.Most Read from BloombergTesla’s $25,000 Car Means Tossing Out the 100-Year-Old Assembly LineBankman-Fried Is Sentenced to 25 Years in Prison Over FTX CollapseUBS Banker’s Frustration Exposes Cracks in World of Climate Fin

  • Business
    The Canadian Press

    Fallen crypto mogul Sam Bankman-Fried sentenced to 25 years in prison

    NEW YORK (AP) — Crypto entrepreneur Sam Bankman-Fried was sentenced Thursday to 25 years in prison for a massive fraud on hundreds of thousands of customers that unraveled with the collapse of FTX, once one of the world’s most popular platforms for exchanging digital currency. Though he described Bankman-Fried as “extremely smart,” U.S. District Judge Lewis A. Kaplan delivered a blistering analysis of Bankman-Fried and his crimes before announcing a sentence that was half of what prosecutors sou