The Trump administration has launched audits of immigration cases involving U.S. citizens of Somali origin to identify potential fraud that could lead to denaturalization, officials said on Tuesday. Homeland Security Assistant Secretary Tricia McLaughlin stated that U.S. law allows revocation of citizenship if it was obtained fraudulently, noting that such cases are rare and typically take years to resolve. According to the Immigrant Legal Resource Center, an average of about 11 denaturalization cases were pursued annually between 1990...
The Bank of England is working with banks to strengthen cyber-recovery plans as artificial intelligence (AI)-powered cyberattacks pose growing risks to the global financial system, Deputy Governor Sarah Breeden said on Thursday. She warned...
Microsoft President Brad Smith has warned that the Trump administration’s move to restrict green-card access for skilled foreign workers could weaken US technological competitiveness and push global talent to other countries, Politico reported on...
The number of Americans filing new claims for unemployment benefits increased marginally by 1,000 to a seasonally adjusted 199,000 in the week ended October 10, according to the US Labour Department. The figure came...
Taiwan Semiconductor Manufacturing Company (TSMC), the world’s largest contract chipmaker, reported a record quarterly net profit of T$763.1 billion ($23.59 billion) for the July–September quarter, marking a 69% increase year-on-year. Driven by robust demand...
The cost of insuring against defaults by US technology companies hit record highs on Thursday, signalling growing credit stress in the artificial intelligence (AI) investment boom. Rising US inflation and expectations of higher interest...
Bank of America is facing growing concerns over the departure of several senior investment bankers, prompting executives to reassure employees and reinforce the bank’s commitment to growth. Among the notable exits was veteran banker...
Albertsons (ACI.N) has withdrawn its fiscal 2026 financial forecasts as the US grocery retailer launches a comprehensive business review aimed at cutting costs, lowering prices and reversing sluggish sales. The company is facing cautious...
European luxury companies have lost approximately $350 billion in combined market capitalisation since the beginning of 2026, as hopes of a sector recovery fade amid persistent weakness in China. The downturn has weighed on...
Bumble said on Tuesday it had agreed to be taken private by Ithaca Holdings in a deal valued at $1.3 billion, as the dating app seeks to revive growth amid declining paying users and...
JPMorgan Chase reported its first quarterly profit miss in nearly three years on October 13, as market volatility, economic uncertainty and slowing dealmaking weighed on its investment banking and trading businesses. The banking giant...