Any Conflict Over Taiwan Would Risk U.S.-China Nuclear Escalation, Study Finds

By Greg Torode and Jun Yuan Yong SINGAPORE, May 28 (Reuters) – A conflict between the ⁠U.S. ⁠and China over Taiwan would risk a ⁠nuclear escalation with both militaries likely to stage sweeping operations targeting rival command and communications ​hubs, a leading defence research centre said on Thursday. In a strategic assessment ahead of Asia’s …

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Google employee accused of making over $1.2M on Polymarket through insider trading

A software engineer at Google is facing federal charges after allegedly betting on confidential company information on Polymarket, netting more than $1.2 million in profits, the second insider trading prosecution against a user of the popular prediction market service in recent months. In court papers released by the Justice Department, Michele Spagnuolo was accused of …

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Trump Administration in Talks to Fund US Drone Companies, WSJ Reports

May 27 (Reuters) – The Trump administration ⁠is ⁠in talks to ⁠provide funding to some drone companies, ​including Unusual Machines and Sequoia Capital-backed Neros, the ‌Wall Street Journal reported ‌on Wednesday, citing people familiar with ⁠the ⁠matter. Drone dominance was described as a “presidential priority” in President ​Trump’s $1.5 trillion defense budget request for fiscal …

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Thirteen Dead After Overloaded Bus Rear-Ends Truck in Central China

BEIJING, May 28 (Reuters) – ⁠A ⁠passenger bus ⁠packed with 16 ​people, well above its ‌nine-seat rated capacity, ‌crashed into ⁠the ⁠back of a large truck in ​central China’s Henan province early on Thursday, ​killing 13 people, state broadcaster ⁠CCTV ⁠reported. • ⁠The collision ​took place at 2:40 a.m. (1840 ​GMT ⁠Wednesday) on a section …

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Panama Passes Law Imposing Stricter Requirements on Multinational Firms

PANAMA CITY, May 27 (Reuters) – Panama’s ⁠National ⁠Assembly approved a law ⁠that requires multinational entities domiciled in the ​country to demonstrate real local operations or face a 15% tax ‌on passive foreign income, ‌the Ministry of Economy and Finance said on ⁠Wednesday. • The ⁠law is intended to help satisfy European Union tax ​transparency …

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