The head of the Wagner Group, Yevgeny Prigozhin, has accused Russia’s military leadership of striking his fighters and vowed to retaliate. The threat, made over his official Telegram channel, has sparked a crisis in Russia, with the country’s security service FSB calling on Prigozhin’s own Wagner Group private army to refuse orders and detain him.
The Federal Reserve has been increasing interest rates to combat inflation, which is likely to result in more corporate defaults in the coming months. In May, the corporate default rate rose, indicating that US companies are struggling with higher interest rates that make it more expensive to refinance debt, as well as the uncertain economic
European Commission Thierry Breton recently held discussions with tech executives Mark Zuckerberg and Sam Altman, during which they expressed their support for government regulation and oversight of artificial intelligence (AI). Breton stated that he and Zuckerberg, CEO of Meta Platforms, were in agreement regarding the EU’s proposed regulation of AI, which is currently in the
Microsoft Gaming CEO Phil Spencer testified in San Francisco on Friday that the company previously opened up talks with mobile game developer Zynga but ended up not consummating a deal. The hearing came after the Federal Trade Commission gained a temporary restraining order to keep Microsoft from closing the Activision purchase. The court agreed to