List of All Articles with Tag 'world'

Disgraced Theranos founder Elizabeth Holmes is about to begin her 11-year prison sentence after being found guilty of defrauding investors, including media mogul Rupert Murdoch, over fake claims about the company’s blood-testing capabilities. As well as being handed jail time over her role in misleading investors, Holmes was also ordered to pay $452m in restitution. Follow the latest updates live “This is a fraud case where an exciting venture went forward with great expectations and hope, only to be dashed by untruth, misrepresentations, hubris, and plain lies,” Judge Davila, presiding over the case, said before handing down the prison sentence to Holmes. “I suppose we step back and we look at this, and we think, what is the pathology of fraud? Is it the inability or the refusal to accept responsibility or express contrition in any way? Now, perhaps that is the cautionary tale that will go forward from this case.” Ahead of being sentenced, Holmes, who has long maintained she did not intend to defraud anyone, told the court: “I am devastated by my failings. “Every day for the past years I have felt deep pain for what people went through because I failed them. I regret my failings with every cell of my body.” Where will Holmes serve her sentence Holmes, who requested 18 months of house arrest as a punishment, will begin her sentence at Federal Prison Camp Bryan in Texas – an all-female facility 100 miles from Holmes’ hometown. The minimum security prison houses around 500 inmates, and runs a variety of programmes intended to prepare prisoners for life after incarceration, according to Camp Bryan’s handbook. Holmes’ day will begin at 6am, when inmates are woken up for meals and work; people failing to comply with the strict wakeup rules are subject to punishments. Inmates are then counted at five different times during the day, when they must assemble in specific areas (once again, punishments are doled out to those who are not present at these times). The prison features a study, game room, and work programmes that see all inmates take part in a six-week course on the importance of efficiency in the workplace before they are placed into a role – with some prisoners earning as little as $0.12 in some assignments. According to the handbook, “All designated inmates are required to develop a financial plan to meet their financial obligations”, which for Holmes will mean reparations of $452m. How will Holmes keep in touch with her family? Holmes is married to Billy Evans, and the pair have two children, William, 2, and newborn Invicta. She lives around 100 miles from her family, who will be permitted to visit at weekends. Inmates at Camp Bryan are also permitted to take part in video sessions with their friends and family, according to the handbook, as well as to send and receive text messages. Prior to beginning her sentence at Camp Bryan, Holmes spent the weekend with her husband and children at the beach.

Dina Powell McCormick, who runs Goldman Sachs Group Inc.’s sovereign business, plans to leave to take a post

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UK lenders are removing mortgage deals from the market again as fresh increases in rates make loans more

British retailers pushed back against the government’s plans for voluntary price limits on basic food items like bread

JPMorgan Chase & Co. has quietly built a global unit focused on catering to the ultra-wealthy and their

Mercuria Energy Group’s ship-fueling business Minerva Bunkering started deliveries in Egypt, becoming the first international service to enter

European Union efforts to mend relations between Kosovo’s Serbian and Albanian communities are unraveling as violence spills across

Welcome to Social Buzz, a daily column looking at what’s trending on social media platforms. I’m Caitlin Fichtel,

The father of a three-month-old baby has been charged with murder after the little girl’s lifeless body was found dumped in a wooded area close to the Yankee Stadium in the Bronx. Genevieve Comager’s body was found at around 8.25pm ET on Sunday evening at West 161st Street and the Major Deegan Expressway, following a tip-off from the little girl’s grandfather. The NYPD said that emergency workers responded to the area – close to a transitional housing shelter where she lived with her parents – but the infant was pronounced dead at the scene. The little girl’s father Damion Comager, 23, was arrested and charged with murder and concealment of a corpse on Monday night, police said. Genevieve’s 20-year-old Ivana Paolozzi was also arrested and hit with charges of concealment of a corpse and obstructing governmental administration. It is not currently clear how the little girl died. However, Mr Comager’s father Donald Comager told The New York Post that his son told him he “shook” his daughter when she wouldn’t stop crying. He then later found her “stiff” and “cold” in her bed and panicked, before leaving her in the trash-strewn wooded area, he said. “He told me the baby was doing a lot of crying. She wouldn’t stop crying,” Donald Comager said. “He said he just shook her and lay her down, and he lay down and went to sleep. “He got up and reached for her and she was stiff and her body was cold. He panicked. He told his girlfriend, ‘I think she is dead.’” Donald Comager, 47, said it was him who then turned his son into authorities after speaking to a priest and deciding he needed to “do the right thing”, he told the Post.

European natural gas fluctuated near the lowest level in two years as traders assessed the impact on demand

Euro-zone consumers’ price expectations have fallen to the lowest since 2020, according to a European Commission index that