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US sanctions Iran’s largest digital asset exchange, Nobitex June 3, 2026
As part of the Trump administration's ongoing campaign to pressure Iran into a deal that would end an ongoing war with the US and Israel, the US placed sanctions on Iran's largest digital asset exchange and three other exchanges on Tuesday.
Chinese online retailer Temu hit with US$232-million fine over claims of unsafe toys and electronics June 2, 2026
Temu was hit with a 200-million euro (US$232-million) fine after a European Union (EU) investigation found the Chinese online retailer failed to protect consumers from illegal products, like toxic or hazardous toys and unsafe electronics. The 27-nation EU's fine follows preliminary findings last year that Temu was exposing consumers to a high risk of products […]
Jerome Powell uses JFK award speech to warn against political pressure on Fed, courts and schools June 2, 2026
Former Federal Reserve Chair Jerome Powell used one of his first major public appearances since leaving office to defend independent institutions while accepting an award on Sunday honouring his efforts to preserve the central bank's independence.