Business
YouTube to pay $24.5m to settle Trump lawsuit over Capitol riot
YouTube has agreed to pay $24.5m (£18.6m) to settle a lawsuit brought by Donald Trump, filed after the video platform suspended his account in the wake of the 6 January attack on US Capitol.
The settlement from the video streaming giant’s parent company Alphabet – which also owns Google – comes after social media sites X/Twitter and Facebook also agreed to pay Trump for suspending his accounts.
Trump had accused YouTube and other tech companies of political bias, claiming they had unfairly censored conservative voices after the Capitol riot in 2021.
At the time of his suspension, social media companies said that Trump risked inciting further violence in Washington DC.
As part of Monday’s settlement, YouTube will pay $22m to the Trust for the National Mall, a non-profit group that is aiming to raise $200m to build a new ballroom at the White House.
Another $2.5m will be paid to other organisations and individuals who joined Trump’s lawsuit, including the American Conservative Union.
YouTube is the latest major platform to settle with the president.
In January, Facebook’s parent company Meta agreed to a $25m settlement – with $22m earmarked for Trump’s presidential library.
A month later, social media platform X – a company that was purchased by Trump ally Elon Musk in 2022 – settled for a reported $10m.
All of Mr Trump’s social media accounts have since been reinstated.
The settlements come as Silicon Valley has generally taken a more conciliatory tone towards the president. The CEOs of Alphabet, Meta and X all sat in the front row for his inauguration, signalling a shift in relations between the Republican Party and the tech sector.
The social media giants have also taken measures to loosen content moderation on their platforms which Republicans had claimed amounted to a violation of free speech.
Last week, YouTube said it planned to restore several accounts that had been banned for repeatedly making false claims about Covid and the 2020 presidential election.
“YouTube values conservative voices on its platform and recognizes that these creators have extensive reach and play an important role in civic discourse,” the company wrote to a Republican-controlled congressional committee, explaining the decision.
Osmond ChiaBusiness reporter, Singapore
Metropolitan PoliceA Chinese national has been convicted of playing a key role in what is believed to be the single largest cryptocurrency seizure in the world, worth more than £5bn ($6.7bn).
Zhimin Qian, also known as Yadi Zhang, pleaded guilty on Monday at Southwark Crown Court, London of illegally acquiring and possessing the cryptocurrency.
Between 2014 and 2017, she led a large-scale scam in China by cheating more than 128,000 victims and storing the stolen funds in bitcoin assets, the Metropolitan Police said in a statement.
The Met said the 47-year-old’s guilty plea follows a seven-year probe into a global money laundering web.
The police said the probe began in 2018 after they got a tipoff about the transfer of criminal assets.
Qian had been “evading justice” for five years up to her arrest, which required a complex investigation involving multiple jurisdictions, said Detective Sergeant Isabella Grotto, who led the Met’s investigation.
She fled China using false documents and entered the UK, where she attempted to launder the stolen money by buying property, said the Met.
She had help from another Chinese national, Jian Wen. The former takeaway worker was jailed for six years and eight months last year for her part in the criminal operation.
The Met said it had seized a total of 61,000 bitcoins from Qian.
“Bitcoin and other cryptocurrencies are increasingly being used by organised criminals to disguise and transfer assets, so that fraudsters may enjoy the benefits of their criminal conduct,” said Robin Weyell, deputy chief Crown prosecutor for the Crown Prosecution Service.
“This case, involving the largest cryptocurrency seizure in the UK, illustrates the scale of criminal proceeds available to those fraudsters.”
Monday’s conviction marks the “culmination of years of dedicated investigation”, which has involved the police and Chinese law enforcement teams, said Will Lyne, the Met’s Head of Economic and Cybercrime Command.
The Met said the investigation is still ongoing.
In 2024, Chinese media reported that investors, mostly between 50 and 75 years old, poured “hundreds of thousands to tens of millions” of yuan into schemes promoted Qian.
The investors reportedly knew little about Qian, who was described as “the female god of wealth”.
The Crown Prosecution Service (CPS) is working to ensure the fraudsters do not get hold of the stolen funds, the Met said.
The CPS said last year that many of the victims had some of their money returned to them by a compensation scheme established in China.
Qian is being held in custody ahead of sentencing. The date of her sentencing has yet to be fixed.
The BBC has contacted the Chinese embassy in the UK for comment.
Business
Top stocks to buy today: Stock market recommendations for September 30, 2025 – check list – The Times of India
Stock market recommendations: According to Somil Mehta, Head – Alternate Research, Capital Market Strategy, Mirae Asset Sharekhan, the top stocks to buy today are Apl Apollo Tubes Ltd, and Hindustan Zinc:Apl Apollo Tubes Ltd – Buy in the range between Rs 1695 & Rs 1710; Stoploss: Rs 1650; Target: Rs 1800Apl Apollo Tubes Ltd has formed a flag pattern and is expected to resume the uptrend. Momentum indicators have also given a positive crossover above the zero line. The stock has been consolidating in a broad range since last 2 weeks and has closed above 20 daily moving average i.e. 1677, resuming the up trend. Key resistance is 1718 & 1800 and support is at 1677 and 1650. Hindustan Zinc – Buy in the range between Rs 463 & Rs 469; Stoploss: Rs 445; Target: Rs 506Hindustan Zinc has formed a bullish flag pattern and expected to resume the uptrend. The stock has been consolidating since last week and has taken support at 20 daily moving average i.e. 449. Momentum indicator has given positive crossover below the zero line. The stock is expected to continue the up trend till the previous swing high i.e. 506. Key resistance is at 482 & 506 and support is at 458 and 445. (Disclaimer: Recommendations and views on the stock market and other asset classes given by experts are their own. These opinions do not represent the views of The Times of India)
Business
India-Russia trade ties: MoS Pabitra Margherita to visit Moscow; talks and apparel fair on agenda – The Times of India
Minister of state for external affairs and textiles, Pabitra Margherita will travel to Moscow this week for meetings with Russia’s Ministry of Industry and Trade and leading entrepreneurs from the textile and apparel sector, the Textile Ministry said on Monday.The visit, scheduled from October 1 to 3, comes at a time when India is scouting markets across 40 countries to expand textile exports after the US imposed 50% tariffs on Indian apparel, along with a 25% penalty on New Delhi’s Russian oil purchases.According to the ministry, the visit underscores India’s push to strengthen trade and cultural ties with Russia and to diversify markets for its textile exports, PTI reported. “These engagements will bolster bilateral trade, encourage market diversification, and enhance people-to-people linkages between the two countries,” it said.Margherita, who also holds charge as Minister of State for External Affairs, will inaugurate the “Best of India – Indian Apparel and Textile Fair” in Moscow. The event will showcase products from more than 100 Indian companies spanning handlooms, handicrafts, home furnishings, carpets, linens, apparel, and garments.The exhibition and buyer-seller meet is expected to draw around 1,000 domestic and international buyers, creating opportunities for Indian exporters to deepen their presence in Russia and other CIS markets.“The fair will serve as a strategic gateway for Indian exporters to expand in Russia and CIS markets, while also strengthening collaboration between Indian and Russian businesses,” the ministry said.
Chinese woman convicted in UK after ‘world’s biggest’ bitcoin seizure
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Top stocks to buy today: Stock market recommendations for September 30, 2025 – check list – The Times of India
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