Ex-Abercrombie & Fitch CEO fit to stand trial, prison officials say

Do Kwon, the crypto entrepreneur responsible for the collapse of the stablecoins Luna and TerraUSD, has been sentenced to 15 years in prison after pleading guilty to conspiracy to defraud and wire fraud. This sentencing follows the significant $40 billion crash of his digital currencies in 2022, which resulted in extensive financial losses for investors.

Cadmium zinc telluride, a material known for its powerful properties, is produced by only a select few companies, highlighting its rarity and specialized manufacturing process.

Mexico has approved tariffs of up to 50% on various imports from China and other countries, set to take effect on January 1. This decision includes a range of goods such as cars, clothing, and appliances, marking a significant shift in the country's trade policy.

The Swiss city of Lugano has begun accepting bitcoin for a variety of transactions, including payments at shops, restaurants, and even the local council. This initiative marks a significant step in the integration of cryptocurrency into everyday commerce in the region.

Shares in Oracle, a leading cloud computing company, have declined following a revenue miss that has intensified concerns regarding the company's financial stability and the sustainability of its investments in artificial intelligence. This downturn has raised questions about the potential for an AI market bubble.

Leon, the healthier fast food chain, has announced the closure of 20 stores and confirmed job losses as it appoints administrators to restructure its operations.

The price of silver has reached a record high, surpassing $60 an ounce for the first time, reflecting a significant surge in demand for precious metals amid economic uncertainties.

A recent survey indicates that individuals in the UK are spending an average of four hours and 30 minutes online daily in 2025, surpassing the time spent during the pandemic. This trend highlights a significant shift in digital engagement among the population.