QtrendsChinese billionaire Guo Wengui sentenced to 30 years in US prison for massive fraud. In World Cup shockers, Paraguay eliminated Germany in a shootout and Morocco knocked out the Netherlands. Over 100 Venezuelans deported from the US hours before deadly earthquakes struck are missing after a hotel collapse. China imposes 60-day payment cap on energy storage sector amid price war fallout, while factory activity rebounds with weak domestic demand persisting. A Monaco explosion wounds three, including a Ukrainian tycoon, as police hunt for the suspect.
Chinese billionaire Guo Wengui has been sentenced to 30 years in a US prison for orchestrating a massive fraud scheme. The conviction caps a high-profile legal saga that drew international attention. Guo was found guilty of defrauding thousands of investors through a complex web of fraudulent investment schemes. The sentence reflects the severity of the financial crimes committed over multiple years.
Paraguay pulled off one of the biggest World Cup upsets in history by eliminating Germany in a penalty shootout. Meanwhile, Morocco knocked out the Netherlands, marking a dramatic day of action at the tournament. Japan also exited, while Brazil advanced to the next stage. The results have reshaped the tournament bracket and sent shockwaves through the football world.
More than 100 Venezuelans deported from the US just hours before deadly earthquakes struck are now missing. Reports indicate they were being housed in a hotel that collapsed during the quakes. Families and advocacy groups are urgently seeking information about their loved ones. The incident has sparked renewed scrutiny of US deportation policies amid natural disaster conditions.
China has imposed a 60-day payment cap on the energy storage sector as the fallout from an intense price war continues. S&P warns the move to cut EV payment cycles may force weaker carmakers out of the market. Meanwhile, China's factory activity rebounded in June, though weak domestic demand continues to weigh on the broader economic recovery. The policy interventions aim to stabilize market conditions across these critical industries.
An explosion in Monaco has wounded three people, including a Ukrainian tycoon, triggering a police manhunt. Authorities are searching for a suspect believed to be involved in the blast. The motive remains unclear, and investigations are ongoing. The incident has shaken the normally tranquil principality.