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  • 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

  • News
    The Canadian Press

    Baltimore bridge collapse puts the highly specialized role of ship's pilot under the spotlight

    The expert pilots who navigate massive ships in and out of Baltimore's port must often maneuver with just 2 feet (0.6 meter) of clearance from the channel floor and memorize charts, currents and every other possible maritime variable. The highly specialized role — in which a pilot temporarily takes control of a ship from its regular captain — is coming under the spotlight this week. Two pilots were at the helm of the cargo ship Dali about 1:25 a.m. Tuesday when it lost power and, minutes later,

  • 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, a development that supports the central bank’s case for remaining cautious as it plots its policy course after conducting Japan’s 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