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Fashion tech founder Christine Hunsicker was sentenced to five years in federal prison for orchestrating a $300 million fraud scheme involving falsified financial documents presented to hundreds of investors.
The Trump administration plans sweeping “economic D-Day” sanctions targeting countries doing business with Iran to break a military stalemate, though Iran has demonstrated resilience against decades of economic pressure.
The UK government borrowed £1.8bn in July, exceeding forecasts by £2.3bn and constraining the Chancellor’s ability to fund cost-of-living measures ahead of the October Budget.
UK inflation rose to 2.9% in July, driven by higher energy bills following an increase in the price cap and geopolitical disruptions to global oil supplies.
The U.S. federal debt reached $40 trillion this week, with annual interest costs now exceeding $1 trillion. Lenders are demanding higher rates, affecting borrowing costs across mortgages, auto loans, and credit cards.
UK competition watchdog investigates Trainline, Virgin Atlantic, and Red Driving School over allegations of hidden fees that made prices appear artificially low to consumers.
