Bessent and Powell Warn Banks on New AI Tool’s ‘Zero-Day’ Risks
U.S. Treasury Secretary Scott Bessent and Federal Reserve Chair Jerome Powell summoned Wall Street executives this week to warn that a new artificial intelligence model from Anthropic could mark the start of a more dangerous phase in cybersecurity.
Ukraine Sees Progress on Disrupting Drone Supply Chains, but Gaps Remain
Ukraine is seeing early signs that sanctions are disrupting Russia’s access to some foreign technology used in Shahed drones, although newly manufactured Western and Asian components are still being found in the weapons.
White House Acknowledges Major Error on NY Medicaid Fraud Stats
The Trump administration has acknowledged a major error in figures it used to support a fraud investigation into New York’s Medicaid program, conceding that a key claim by the Centers for Medicare & Medicaid Services significantly overstated the number of recipients of personal-care services in the state.
How a Blacklisted Iranian Conglomerate Has Ties to a Reform UK Donor
A donor to Nigel Farage’s Reform UK is the registered manager and shareholder of a Dubai-based company that previously had business ties to an Iranian conglomerate later placed under U.S. sanctions.
British and American Officials Warn of State-Backed Cyber Attacks
UK and U.S. officials are warning of rising cyber risks driven by Russia- and Iran-linked hacker groups, according to new reports by the Financial Times and Bloomberg.
In Spain, Two Corruption Cases Highlight Parties’ Legacies of Political Graft
Two criminal trials opening in Madrid this week have put renewed focus on allegations of kickbacks, illicit party financing, and broader political corruption in Spain.
Three Greek Cabinet Ministers Resign amid EPPO Fraud Probe
Three Greek cabinet ministers resigned on Friday as a European Union investigation into alleged farm subsidy fraud widened, in a case that has intensified political pressure on the government and added to unrest in the country’s farming sector.
How the ‘Panama Papers’ Changed (and Didn’t Change) Offshore Secrecy
Ten years after the Panama Papers exposed the offshore financial system exploited by tax cheats and criminals around the world, prosecutions and transparency reforms tied to the landmark investigation are still unfolding.
U.S. Removes Venezuela Leader Delcy Rodríguez from SDN List
The Trump administration on Wednesday lifted sanctions on Venezuela’s interim president, Delcy Rodríguez, removing a key barrier that had prevented Americans from doing business with her and potentially clearing the way for fresh U.S. investment in the country.
North Korea Suspected in Massive $286-Million Drift Exploit
Drift Protocol, the largest decentralized perpetual futures exchange on the Solana blockchain, was exploited for about $286 million in a hack that blockchain analytics firm Elliptic said bore multiple indicators of a possible North Korean link.