Two Chinese nationals were indicted on charges of conspiracy to launder money for drug cartels, the US Justice Department announced on Friday. Ruhuan Zhen and Hongce Wu allegedly hid the source of illegally obtained funds on behalf of various criminal groups operating across borders, including the Sinaloa Cartel and the Cartel de Jalisco Nueva Generacion (CJNG). The two remain at large, the Justice Department said. According to court documents filed in the Eastern District of Virginia, Zhen, Wu...

⁠Tulsi ⁠Gabbard is resigning ⁠from her job as President Donald Trump’s director of national intelligence, Fox News Digital ‌reported on Friday, citing her resignation letter. Gabbard advised Trump of her intention to step down during an Oval Office meeting ⁠on Friday, the news outlet reported. ‌The resignation is effective June 30, it said. In her ‌resignation letter, Gabbard told Trump ⁠she ⁠was “deeply grateful for the trust you ‌placed in me and for the opportunity to ‌lead ‌the Office of the...

Russian President Vladimir Putin on Friday ordered his military to prepare options to retaliate against Ukraine for what he described as a drone attack on a student dorm that killed six people and wounded dozens, with 15 still unaccounted for. Putin said the attack had struck the dorm in Starobilsk in Luhansk, a Russian-controlled region in eastern Ukraine. He said Kyiv’s military must have ‌known what it was targeting. Ukraine’s military denied the Russian accusations and said it had struck an...

Canadian Prime Minister Mark Carney said on Friday that Alberta was “essential” to the country’s future, hours after the province’s leader moved the oil-rich region closer towards a referendum on independence. Separatists in the western province spent months collecting signatures seeking to trigger a binding October vote on seceding from the nation. On May 4, they delivered their petition to provincial officials, insisting they had collected more than enough names to force a vote under Alberta...

Everlane, the retailer that bucked the fast-fashion industry by promising affordable ethically sourced and sustainable clothing, is being acquired by the king of fast-fashion, China’s Shein. A letter to Everlane employees from CEO Alfred Chang confirming the deal was obtained by Associated Press on Friday. Everlane did not disclose a purchase price. Shein declined to comment. Everlane was founded in 2011 by Michael Preysman and Jesse Farmer with a mission to produce eco-friendly and affordable...

Chinese AI firms MiniMax Group and Knowledge Atlas Technology – better known as Zhipu AI – will join the Hang Seng Tech Index next month. Their inclusion follows investor criticism that the city’s primary technology gauge has underperformed by missing out on the global artificial intelligence boom. Concurrently, Shanghai-based courier J&T Global Express, lightweight metal giant Aluminum Corp of China and Beijing-founded global drug firm BeOne Medicines will join the benchmark Hang Seng Index....

China has moved to ease residency restrictions that prevent migrant workers from accessing social insurance where they work, in a sweeping effort to expand coverage and strengthen labour protections nationwide. The new measures were announced on Friday by the State Council, China’s cabinet. The move is part of China’s broader push to create a unified national market by removing barriers to the free flow of capital and talent. Under the new policy, workers can enrol in social insurance programmes...