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In a letter to Treasury Secretary Scott Bessent and Attorney General Pam Bondi dated Tuesday, Democratic Senators Elizabeth Warren and Jack Reed requested an investigation by December 1 into World Liberty Financial's compliance with anti-money laundering rules, sanctions, and governance. The demand stems from a September report by Accountable.US alleging the project sold $WLFI governance tokens to wallets linked to North Korea's Lazarus Group, a Russian sanctions-evasion stablecoin, Iran's NoBitex exchange, and the sanctioned mixer Tornado Cash. DT Marks DEFI LLC, controlled by Donald Trump and his family, holds 22.5 billion tokens and receives 75% of sales revenue, while the project lists Trump family members in prominent roles; World Liberty Financial maintains it has robust compliance measures with no evidence of wrongdoing.

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Senators Elizabeth Warren and Jack Reed have fired off a letter urging a federal probe into World Liberty Financial, the Trump family's crypto project, over alleged sales to North Korean hackers and sanctioned entities.

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Forty-four Democratic representatives, led by Pramila Jayapal and Greg Casar, sent a December 3 letter to Secretary of State Marco Rubio demanding Global Magnitsky sanctions, visa bans, and asset freezes on senior Pakistani officials. They cite transnational repression against US critics like Noorani and musician Salman Ahmad, whose family faced abductions, plus demands for Imran Khan's release from Adiala Jail where he has been held since 2023. The letter questions US ties with Prime Minister Shehbaz Sharif and Army Chief Asim Munir amid rigged 2024 elections and abuses against opposition, journalists, and minorities. Pakistani-Americans voice strong support for ending military influence.

Key Takeaway

Journalist Ahmed Noorani's brothers were dragged from their home, beaten, and held for over a month after his report exposed military corruption. This personal ordeal highlights the threats reaching US soil from Pakistan's crackdown.

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Unveiled in Ottawa on December 12, 2024, the $7.5 million Memorial to the Victims of Communism honors those who suffered under communist rule and celebrates Canada as a refuge. Historians in 2023 flagged over 330 of the proposed names for potential Nazi collaborations, unverifiable details, or lack of Canadian ties, including figures like Roman Shukhevych and Janis Niedra. The wall will now display thematic content, such as the fall of the Berlin Wall, to focus on broader history without individual listings. The change highlights the tangled histories of Eastern European anti-communist fighters.

Key Takeaway

The memorial's planned Wall of Remembrance aimed to honor 553 individuals who fled communist regimes. But concerns over Nazi and fascist links among many names led officials to scrap the idea entirely.

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Alibaba Group Holding Ltd. is overhauling its flagship AI app by renaming it Qwen and integrating agentic features for Taobao shopping to compete with OpenAI's ChatGPT. The update to the Tongyi apps on iOS and Android will introduce a conversational interface for tasks like browsing and purchasing, shifting focus to consumer users to build a large base before monetization via premium features and ads. Following reports on Thursday, Alibaba's Hong Kong-listed shares rose over 5%, aiding the Hang Seng Tech Index's recovery.

Key Takeaway

Alibaba's bold AI pivot ignites a 5% stock surge in Hong Kong, as the tech giant renames its app Qwen to challenge ChatGPT with seamless Taobao shopping agents.

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Chinese President Xi Jinping declared open the 15th National Games on November 9 at the Guangdong Olympic Sports Center in Guangzhou, marking the first time the event is co-hosted by Guangdong province, Hong Kong, and Macao. The multisport competition, running until November 21, features over 40 sports and cross-border events like cycling over the Hong Kong-Zhuhai-Macao Bridge. Xi met with IOC leaders Kirsty Coventry and Thomas Bach to reaffirm China's Olympic commitment and engaged sports representatives to promote national achievements, while the ceremony blended ancient traditions with modern technology including robot performances.

Key Takeaway

As fireworks illuminated the Guangzhou sky, President Xi Jinping ignited the 15th National Games, uniting Guangdong, Hong Kong, and Macao in a historic display of cross-border harmony and athletic prowess.

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At the Jewish Federations of North America's General Assembly in Washington, D.C., Senator Ted Cruz argued that the $3.8 billion in annual military aid to Israel targets shared enemies like Hamas and Hezbollah, saving U.S. lives and costs while benefiting American defense firms. He highlighted Israel's Mossad providing critical intelligence to Washington and noted post-October 7, 2023, additional aid exceeding $14 billion amid regional conflicts. Cruz warned of declining support for Israel among young Republicans influenced by social media, citing GOP tensions between traditional hawks and an isolationist 'America First' wave.

Key Takeaway

Senator Ted Cruz slammed U.S. aid to Israel as a mere 'pittance' that delivers priceless intelligence and security gains for America.

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