Bank of England boss Andrew Bailey dropped a warning that tech companies are basically YOLOing into massive debt to build AI infrastructure, and if the bubble pops, it could wreck financial markets harder than people think. The central bank figures companies need to drop around 5 trillion...
Trump pardoned former Honduran President Juan Orlando Hernandez, who got convicted of smuggling 400 tons of coke into America over two decades. The guy walked out of a West Virginia prison after serving part of a 45-year sentence, while the US military has been blowing up boats in the Caribbean...
Federica Mogherini got hit with fraud and corruption charges after European prosecutors accused her of rigging a tender process while she ran the College of Europe in Bruges. The former EU foreign policy boss allegedly knew about the selection criteria before a training program contract went...
Human Rights Watch wants Cameroon to figure out what actually happened when opposition leader Anicet Ekane died while locked up at a State Defense Secretariat facility. Ekane led the African Movement for New Independence and Democracy party and got arrested after the sketchy presidential...
The UN General Assembly passed a resolution telling Russia to send back all the Ukrainian kids who got deported since the war kicked off. The vote landed at 91 for it, 12 against it, and 57 countries sitting on the fence. General Assembly President Annalena Baerbock said Russia is breaking...
The UK government dropped plans to ditch jury trials for crimes carrying sentences under three years because the court system has a massive backlog that could hit 100,000 cases. Justice Secretary David Lammy said victims are stuck waiting years for their day in court, and these swift courts with...
Skadden jumped in to rep Walkers while Freshfields backed Vitruvian Partners on a deal where the private equity shop is co-investing in the offshore law firm's corporate services arm. Walkers Professional Services does back-office stuff for hedge funds and CLO managers, and the partnership means...
Incyte brought in Richard Hoffman as their top lawyer to replace Sheila Denton, who's bouncing after the holidays. Hoffman was grinding at Goodwin as a partner handling biotech stuff out of Boston, and he'll be running legal and compliance while sitting on the executive squad at the Delaware...
Kirkland & Ellis grabbed two competition lawyers from Weil to beef up their London antitrust squad. Nafees Saeed made the jump as a partner, and Chris Thomas got bumped up to partner from counsel. Saeed does work for private equity shops and corporates on massive global deals, and he spent time...
The City of London Law Society set up a scholarship for Stephen Denyer, their former director of strategic relationships, who passed away. Denyer used to work at Allen & Overy and was a big deal at the International Bar Association before he died. The scholarship kicks in with help from his...
Duduzile Zuma-Sambudla's half-sisters went to Parliament asking for help getting back South African guys who got tricked into fighting for Russia in Ukraine. The siblings met with International Relations Committee chair Supra Mahumapelo in Johannesburg, and they told him some family members are...
Amazon just dropped a 30-minute delivery thing called Amazon Now in Seattle and Philadelphia, targeting Prime members who need stuff fast. The service uses tiny warehouses near residential areas to cut down delivery distances, and it competes directly with Instacart and DoorDash in the...
Ernst Roets from Lex Libertas got dragged hard after claiming the Trump administration's refugee exemption for Afrikaners proves South Africa is falling apart. The exemption came after the US slashed refugee admissions to 7,500 spots and carved out priority access for Afrikaners facing alleged...
Jacob Zuma got slapped with another loss when a Gauteng High Court judge shut down his appeal attempt over having to pay back 28.96 million rand that taxpayers covered for his personal legal defense. Judge Anthony Millar basically said Zuma had zero shot at winning this and that higher courts...
President Cyril Ramaphosa told business leaders in Vilankulo, Mozambique, that South African and Mozambican companies need to stop playing it safe and start launching major deals together. He spoke at the South Africa–Mozambique Business Forum and said the cautious approach has to end because...
Qatar's got an air ambulance ready to fly Khaleda Zia out of Bangladesh for treatment, and their embassy confirmed it. The former prime minister's been dealing with a bunch of health issues like arthritis, diabetes, kidney and lung problems, and eye conditions. Medical specialists from the UK...
Khaleda Zia is fighting for her life in a hospital, and millions across Bangladesh are praying for the former prime minister's recovery. She was moved to intensive care at Evercare Hospital after her health got worse, which has left the whole country worried and upset. People have even offered...
Gambian lawmakers pushed through a bill that bumps their salaries and pension packages, with Sulayman Jammeh from Bundungka Kunda moving the proposal forward while Biram JS Sowe from Niamina West backed it up. The National Assembly Salaries and Pensions Amendment got sent to the Committee of the...
West Coast Region deputy governor Musa Amul Nyassi shut down rumors that three village heads from Foni Bintang got their official stamps yanked because they skipped President Barrow's tour stop. The alkalolu from Kaimo, Bantending, and Sitta villages lost their stamps after repeatedly blowing...
Gambian lawmakers grilled the finance ministry about Social Security dropping roughly 1.1 billion dalasi on 70 buses for GTSC through some company called TK Export, and legislators wanted receipts on whether this counted as a government loan or just a straight purchase. The minister said the...
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