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One-time cryptocurrency mogul Do Kwon was sentenced Thursday to 15 years in prison after a USD 40 billion crash revealed his crypto ecosystem to be a fraud. Victims said the 34-year-old financial technology whiz weaponised their trust to convince them that the investment -- secretly propped up by cash infusions -- was safe.
Kwon, a Stanford graduate known by some as "the cryptocurrency king," apologised after listening as victims -- one in court and others by telephone -- described the scam's toll: wiping out nest eggs, depleting charities and wrecking lives. One told the judge in a letter that he contemplated suicide after his father lost his retirement money in the scheme.
Engelmayer said the government's recommendation of a 12-year prison sentence was "unreasonably lenient" and the defense's request for five years was "utterly unthinkable and wildly unreasonable." Kwon faced a maximum sentence of 25 years in prison.
"Your offence caused real people to lose USD 40 billion in real 

Crime, Prison, Law, Arrest, Punishment

Press Trust of India

Kilmar Abrego Garcia has been released from an immigration detention centre in Pennsylvania following an order from a federal judge issued on Thursday, according to his attorney's office.
Abrego Garcia's attorney confirmed he was released just before 5 pm Thursday and told The Associated Press he plans to return to Maryland, where he has an American wife and child and where he has lived for years after originally immigrating to the US illegally as a teenager. Attorney Simon Sandoval-Moshenberg said he is not sure what comes next, but he is prepared to defend his client against further deportation efforts.
US District Judge Paula Xinis in Maryland earlier Thursday ordered Immigration and Customs Enforcement to let Abrego Garcia go immediately, writing that federal authorities had detained him again after his return to the United States without any legal basis. The judge gave prosecutors until 5 pm EST to formally respond to the release order.
The ruling marked a major victory for the

kilmar abrego garcia

NASA has lost contact with a spacecraft that has orbited Mars for more than a decade.
Maven abruptly stopped communicating to ground stations over the weekend. NASA said this week that it was working fine before it went behind the red planet. When it reappeared, there was only silence.
Launched in 2013, Maven began studying the upper Martian atmosphere and its interaction with the solar wind once reaching the red planet the following year.
Scientists ended up blaming the sun for Mars losing most of its atmosphere to space over the eons, turning it from wet and warm to the dry and cold world it is today.
Maven also has served as a communication relay for NASA's two Mars rovers, Curiosity and Perseverance.
Engineering investigations are underway, according to NASA.
NASA has two other spacecraft around Mars that are still active: Mars Reconnaissance Orbiter, launched in 2005, and Mars Odyssey, launched in 2001.

NASA

The call comes at a time when a US trade delegation, led by Deputy US Trade Representative (USTR) Rick Switzer, is in India to further the trade negotiations

Modi Trump

Business Standard

Sydney Kamlager-Dove issued the warning during a congressional hearing on the US-India Strategic Partnership, citing rising tensions over tariffs, visa fee hikes, and Trump's political grievances

Donald Trump, Trump

IndiGo said the ₹10,000 vouchers are in addition to government-mandated compensation of ₹5,000-10,000 for passengers whose flights were cancelled within 24 hours of departure

indigo airlines, indigo

According to Motilal Oswal, defence electronics continues to see long-term demand for radars, avionics, communication systems and electronic warfare solutions

defence sector, defence, army, Armed forces

Incoming Berkshire Hathaway CEO Greg Abel is assembling his team to help him lead the conglomerate Warren Buffett built starting in January after a couple of key departures.
Berkshire said Monday that one of its two investment managers besides Buffett who has also served as CEO of Geico for several years, Todd Combs, and longtime Chief Financial Officer Mac Hamburg are both departing. Combs is taking a job helping JP Morgan decide how to invest USD 10 billion while serving as a special advisor to CEO Jamie Dimon while Hamburg is retiring after 40 years.
Combs' departure is the most significant news in the announcement that also included creating the jobs of general counsel and a new manager of the many retail and consumer businesses Berkshire owns, But now the question is whether insurance Vice Chairman Ajit Jain, investment manager Ted Weschler and all the CEOs of Berkshire's myriad businesses will remain.
There's still two elephants in the room: what's Ajit Jain going to do and wh

berkshire hathaway

Boeing said Monday it has completed a $4.7 billion purchase of key supplier Spirit AeroSystems, which builds fuselages for the giant aerospace company's 737 Max jetliners, including an Alaska Airlines aircraft that suffered a door-panel blowout last year.
The deal, in the works for over a year, also brings Boeing's largest provider of spare parts in-house. CEO Kelly Ortberg called it a pivotal moment for Boeing's future.
As we welcome our new teammates and bring our two companies together, our focus is on maintaining stability so we can continue delivering high quality airplanes, differentiated services, and advanced defense capabilities for our customers and the industry," Ortberg said in a statement.
Boeing previously owned Wichita, Kansas-based Spirit but spun it off in 2005. Reabsorbing the company, which is not related to Spirit Airlines, reverses a longtime Boeing strategy of outsourcing major work on its passenger planes  an approach that faced mounting criticism in recent ..

Boeing

Donald Trump said that American farmers have flagged their concerns about the falling rice prices, blaming rice imports from countries like India, Thailand, and Vietnam

Sensex Today | Stock Market LIVE Updates, December 9, 2025: In the broader markets, the Nifty MidCap index was up 0.32 per cent, and the Nifty SmallCap index was up 1.14 per cent

Stock Market LIVE Updates: Sensex, Nifty are trading gap-down on Tuesday

Lululemon Athletica Inc on Thursday said its CEO Calvin McDonald will step down effective January 31 as the athletic wear maker wrestles with a year of disappointing sales.
The company, based in Vancouver, Canada, said that McDonald and the board are working together to manage a "smooth transition," and he will serve as a senior advisor to the company through March 31, 2026.
The board said it was conducting a comprehensive search in partnership with a leading executive search firm to select his successor. McDonald took the helm in 2018.
Lululemon said Marti Morfitt, the board's chair, will take on the expanded role of executive chair, effective immediately, to "ensure the continued execution of the company's near- and long-term growth strategy during the leadership transition."
In addition, Meghan Frank, chief financial officer, and Andr Maestrini, chief commercial officer, will serve as interim co-CEOs following McDonald's exit, the company said.
The announcement came alongside .

Lulumelon CEO Calvin McDonalds

The United States has officially launched the Trump administration’s new “Gold Card” visa, a replacement for the long-running EB-5 investor route. Here’s what it means, who qualifies

The US has approved a $686 million upgrade package for Pakistan’s F-16 fleet. Watch to know what’s included, why Washington cleared it now, and what it means for regional security dynamics.

Mexico has approved a major tariff overhaul that will impact imports from countries without trade agreements, including India, China, South Korea, Thailand, and Indonesia.

The US Federal Reserve has cut interest rates for the third meeting in a row.

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