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UAE Firm Invested in Trump Family Crypto Venture; Iran Warns of Regional War; Musk Eyes Satellite Launch; UK Tax List Features Styles, Joshua; Capgemini Divests US Subsidiary
A United Arab Emirates-linked investment firm purchased a significant stake in the Trump family's cryptocurrency company last year, becoming business partners even as Donald Trump negotiated foreign policy with the Middle Eastern nation, according to The New York Times. The investment firm acquired nearly half of World Liberty Financial, the Trump family's crypto venture.
The deal, first reported by The Wall Street Journal, was confirmed on Sunday by David Wachsman, a spokesman for World Liberty Financial, in a statement to The New York Times. Eric Trump signed the agreement with the investment firm for a $500 million investment in World Liberty days before his father's inauguration in January 2025, The Journal reported.
In other international news, Iran's Supreme Leader Ayatollah Ali Khamenei warned that any attack on Iran would ignite a regional war, BBC World reported. Khamenei's warning came as the US continues to build up its forces in the region. "The Americans should know that if they start a war, this time it will be a regional war," Khamenei was quoted as saying by the semi-official Tasnim news agency. Donald Trump earlier said Iran was in "serious discussions" and he hoped they would lead to something "acceptable", while Iran's Foreign Minister Abbas Araghchi told CNN he was "confident that we can achieve a deal" on Tehran's nuclear programme.
Meanwhile, Elon Musk's SpaceX applied to launch one million satellites into Earth's orbit to power artificial intelligence (AI), BBC Technology reported. The application claims "orbital data centres" are the most cost and energy-efficient way to meet the growing demand for AI computing power. SpaceX argues that processing needs due to the expanding use of AI are already outpacing "terrestrial capabilities." The existing Starlink network has nearly 10,000 satellites.
In the United Kingdom, the billionaire brothers behind gambling giant Betfred topped a list of the UK's 100 biggest taxpayers, BBC Business reported. Fred and Peter Done, who founded the Warrington-based business in 1967, paid an estimated £400.1m tax bill over the past year. Harry Styles and Anthony Joshua also appeared on the list. Manchester City's Erling Haaland, 25, is the youngest person to appear on the list - at number 72 - with a projected £16.9m tax payment, while Liverpool's Mo Salah is believed to have a £14.5m bill.
Finally, French technology giant Capgemini announced it will sell its US subsidiary after its work locating people for immigration enforcement agency ICE sparked outrage, BBC Business reported. Capgemini Government Solutions has faced pressure from French lawmakers over a contract its subsidiary signed with ICE, amid international scrutiny over the methods used by the agency's agents in Minnesota. The fatal shooting of US citizens Renee Nicole Good and Alex Pretti by Border Patrol agents in Minneapolis have sparked protests across the US and led to increased scrutiny of the agency.
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