U.S. advances deal with Iran to swap prisoners, free frozen oil funds
The Biden administration has issued a waiver for banks to transfer $6 billion in frozen Iranian oil funds without fear of U.S. sanctions — a key step in securing the release of five American citizens detained in Iran, people familiar with the matter said. As a part of the arrangement, the administration will release five Iranian citizens detained in the United States.
Congress was notified of the move on Monday, and it’s likely to come as a relief to U.S. prisoners’ families and supporters, many of whom have waited several years for the return of the detainees. It also isexpected to come under harsh criticism from Republicans in Congress opposed to any agreement that allows for the release of frozen Iranian funds, money that is being transferred from South Korea to Qatar and limited for the purchase of humanitarian goods like food or medicine.
The deal marks a major breakthrough for the longtime adversaries who remain at loggerheads over a range of issues, including the rapid expansion of Tehran’s nuclear program, its ongoing military support for Russia and Iran’s harsh crackdown on dissent. Though it remains unclear when the two sides could complete the prisoner transfer, Monday’s announcement comes as President Biden and Iranian President Ebrahim Raisi each prepare to travel to New York for the annual U.N. General Assembly next week.
Amid the prisoner release talks, the United States and Iran have been discussing a possible informal arrangement that would seek to place some limitations on Iran’s nuclear program and avoid an international crisis. U.S. officials have insisted, however, that those talks are unrelated to the prisoner-exchange negotiations.
The U.S. prisoners held by Iran include Siamak Namazi, an Iranian American who had been behind bars in Tehran for nearly eight years, the longest duration the Islamic republic has jailed any American. Others include Morad Tahbaz, an Iranian American who also holds British citizenship, and Emad Shargi, an American Iranian dual citizen. Each was released from Iran’s notorious Evin Prison last month in an initial step of the deal.
Two other American detainees involved in the swap have not been named at the request of their families.
While the five American detainees remain in Iran, the waiver decision, first reported by the Associated Press, tees up the prisoners’ full release, which could happen as early as next week amid the high-profile U.N. gathering, according to people familiar with the matter. They spoke on the condition of anonymity to discuss sensitive details.
South Korea, one of Iran’s largest oil customers, has held $6 billion in Iranian funds as a result of a waiver issued by the Trump administration in 2018 that allowed Seoul to continue purchasing Iran’s oil. Those funds became stuck in 2019 when the Trump administration tightenedsanctions on Iran.
The new waiver, signed by Secretary of State Antony Blinken, is aimed at providing assurances to foreign banks that they will not be subject to U.S. sanctions for converting and transferring to Qatar Iran’s funds in South Korea. Under the arrangement, Iranian funds in Qatar’s central bank can be used only to purchase items from vetted providers of humanitarian goods and services allowed under existing sanctions.
“These funds will be moved to restricted accounts in Qatar, and the United States will have oversight as to how and when these funds are used,” the State Department said in a statement Monday. “It is longstanding U.S. policy to ensure our sanctions do not prevent food, medicine, and other humanitarian goods and services from flowing to ordinary people, no matter how objectionable their governments.”
Despite those restrictions, Republicans remain opposed to the deal, saying the unfreezing of funds “creates a direct incentive for America’s adversaries to conduct future hostage-taking,” Rep. Michael McCaul (Tex.), the top Republican on the House Foreign Affairs Committee, said in a statement following the administration’s notification to Congress.
McCaul added that the timing of the deal, ahead of the Sept. 16 anniversary of the death of Mahsa Amini, a 22-year-old woman who died in the custody of Iran’s morality police and ignited nationwide demonstrations, was “particularly egregious.”
Besides its clampdown on internal criticism last year, Iran has come under criticism for providing Russia powerful self-detonating drones that the Kremlin has used in its invasion of Ukraine.
The State Department said the Biden administration would continue to “counter the Iranian regime’s human rights abuses, destabilizing actions abroad, its support for terrorism, and its support for Russia’s war against Ukraine.”
Before the prisoner deal, the Biden administration’s rapport with Tehran has been marked by deep distrust and the failure to revive a nuclear deal that Biden vowed to renew when he ran for president. Tehran has repeatedly refused to talk directly with Washington, requiring third parties to help broker discussions.
Qatar played a significant role in facilitating discussions between the two sides over the detainees’ release and hosting the talks, said officials familiar with the matter. Switzerland, Oman, the United Arab Emirates and Iraq also played a role.
European allies, who broadly support a revised deal to restrain Tehran’s nuclear program, hope that progress on detainees could help pave the way for more productive nuclear discussions.
Iran’s nuclear program has expanded significantly following the decision by Donald Trump to pull the United States out of the 2015 nuclear deal. The accord, forged by the Obama administration, imposed strict limitations on Iran’s program in exchange for sanctions relief.
Karen DeYoung contributed to this report.
U.S. advances deal with Iran to swap prisoners, free frozen oil funds
US Court Sentences Nigerian to 8 Years in Prison Over $7.5m Charity Fraud
Olusegun Adejorin convicted of wire fraud, aggravated identity theft for sophisticated business email compromise scheme targeting two charitable organisations
A United States federal court has sentenced a 32-year-old Nigerian national, Olusegun Adejorin, to eight years in prison for orchestrating a sophisticated business email compromise scheme that defrauded two charitable organisations of more than $7.5 million. The sentence, handed down on August 28, 2026, by U.S. District Judge Theodore Chuang, also includes three years of supervised release following his prison term.
Adejorin was extradited from Ghana to the United States by the Federal Bureau of Investigation (FBI) in August 2024 to face prosecution. Following a six-day trial in December 2025, a federal jury found him guilty on all charges, including wire fraud, aggravated identity theft, and unauthorised access to a protected computer to obtain information. The sentence was announced by Kelly O. Hayes, U.S. Attorney for the District of Maryland, alongside Jimmy Paul, Special Agent in Charge of the FBI Baltimore Field Office.
According to evidence presented at trial, Adejorin carried out the fraud scheme between June and August 2020, targeting two charitable organisations—one based in Maryland and another in New York. The Maryland-based organisation provided investment services to other organisations, while the New York-based charity ultimately lost more than $7.5 million through the fraudulent transactions.
Prosecutors said Adejorin gained unauthorised access to employees’ email accounts and used the compromised accounts to impersonate staff and facilitate financial transfers. As part of the scheme, he registered spoofed domain names resembling those belonging to employees of the New York charity and used them to send requests to the Maryland organisation seeking withdrawals of funds belonging to the New York charity. He also fraudulently obtained access to email accounts of the Maryland organisation’s employees and used them to send messages falsely confirming the withdrawal requests.
The fraudulent communications ultimately led to more than $7.5 million being transferred from the Maryland organisation into bank accounts that were not associated with the intended recipient. Investigators also revealed that Adejorin had purchased a credential harvesting tool designed to steal email login credentials and had concealed fraudulent emails from a legitimate employee by moving them to an inconspicuous location within the employee’s mailbox. This sophisticated approach allowed the scheme to remain undetected for a significant period while the fraudulent transactions were processed.
The U.S. Attorney’s Office credited the FBI Baltimore Field Office with investigating the case and acknowledged the assistance of several Ghanaian agencies in locating and extraditing Adejorin. Among the Ghanaian authorities involved were the Office of the Attorney General and Ministry of Justice, the Economic and Organised Crime Office (EOCO), Ghana Immigration Service, Ghana Police Service–INTERPOL, and the National Intelligence Bureau. The FBI Legal Attaché in Accra also assisted with the investigation, and the U.S. Department of Justice’s Office of International Affairs worked with Ghanaian authorities to secure Adejorin’s extradition. Assistant U.S. Attorneys Joshua Rosenthal and Darren Gardner prosecuted the case.
The conviction highlights the use of compromised email accounts, impersonation and spoofed internet domains in business email compromise schemes—a form of fraud that can be used to divert large sums of money through seemingly legitimate financial instructions. Business email compromise has become one of the most financially damaging forms of cybercrime, with the FBI’s Internet Crime Complaint Center (IC3) reporting losses exceeding $2.9 billion in 2023 alone. The case is part of Operation Take Back America, a nationwide DOJ initiative focused on immigration enforcement, organised crime, and violent crime.
US Court Sentences Nigerian to 8 Years in Prison Over $7.5m Charity Fraud
Nepal flood death toll rises to 734 as 2,498 people remain missing
The death toll from devastating floods in Nepal has risen to 734, while another 2,498 people remain missing, according to the country’s disaster management authorities.
The latest figures were released as emergency responders continued search-and-rescue operations across several parts of Nepal affected by severe flooding, landslides and powerful torrents of water and debris.
The Nepal flood disaster has caused widespread destruction, damaging homes, roads, bridges and other critical infrastructure and leaving several communities difficult to access.
Authorities said Rasuwa, Nuwakot, Dhading and Chitwan are among the areas severely affected by the disaster.
Rescue teams have been working in difficult conditions as heavy rainfall, rising river levels and unstable terrain continue to create additional risks for emergency personnel and people living in vulnerable areas.
Officials have also raised concerns about further flooding following renewed increases in water levels in the Bhotekoshi River, urging people in at-risk communities to remain alert and follow evacuation instructions.
The disaster has been particularly challenging because of the mountainous terrain. Landslides have blocked roads and destroyed bridges, limiting access to some affected communities and making it harder for rescuers to reach people who may still be trapped or stranded.
In several locations, floodwaters have carried large quantities of mud, rocks and other debris through populated areas, destroying buildings and sweeping away vehicles and other property.
Rescue teams have been using helicopters and other emergency resources to reach isolated communities, evacuate residents and deliver essential supplies to areas where road access has been disrupted.
Search operations are also continuing at sites where people are believed to have been trapped following the flooding and landslides.
One of the major areas of concern is the Trishuli 3A hydroelectric project, where workers are believed to have been trapped inside tunnels following the disaster. Emergency teams have been attempting to reach the affected areas despite the difficult conditions.
The floods have also had consequences beyond Nepal, with neighbouring Tibet reporting deaths and missing people following a major landslide and flooding in the Himalayan region.
The scale of the disaster has raised concerns about the vulnerability of communities living in mountainous areas, where heavy rainfall, landslides, glacial activity and rapidly rising rivers can combine to produce sudden and destructive flooding.
The continuing rainfall is adding to those concerns, with authorities monitoring rivers, unstable slopes and other areas considered vulnerable to additional landslides or flash floods.
Emergency agencies have deployed security personnel, rescue workers and other responders to assist affected communities. Helicopters are also being used where necessary to evacuate people from locations cut off by damaged roads and bridges.
The humanitarian response is focused on finding missing people, recovering victims, evacuating residents from dangerous areas and providing food, water, shelter and medical assistance to survivors.
The large number of people still reported missing has heightened fears that the death toll could increase as rescue teams gain access to areas that remain difficult to reach.
Families across affected communities are also waiting for information about relatives whose whereabouts remain unknown.
The disaster has left thousands of people facing the loss of homes, livelihoods and essential infrastructure, while authorities continue to assess the full extent of the damage.
The Nepal floods have therefore developed into a major humanitarian emergency, with rescue and relief operations expected to continue as authorities work to reach isolated communities and reduce the risk of further loss of life.
Officials have urged residents in flood- and landslide-prone areas to remain vigilant, avoid dangerous waterways and move to safer locations when instructed as weather conditions and river levels continue to be monitored.
Nepal flood death toll rises to 734 as 2,498 people remain missing
Bill Gates warns AI could cause mass job losses, weaken critical thinking
Microsoft co-founder Bill Gates has raised a fresh alarm over the rapid development of artificial intelligence (AI), warning that the technology could fundamentally change human life, eliminate millions of jobs, weaken critical-thinking skills and increase access to dangerous information.
Gates, in a lengthy essay examining the emerging AI era, said the world is not adequately prepared for the scale and speed of the transformation ahead.
He acknowledged that AI could deliver enormous benefits in healthcare, agriculture, education and scientific research, but warned that the technology could also create serious economic, social and security risks if governments and technology companies fail to establish effective safeguards.
“Even under the best circumstances, the transition to this new AI era will be one of the most turbulent times in human history,” Gates wrote.
“Right now, we are not preparing for it. I don’t see evidence that leaders, experts and communities are confronting the challenges.”
Gates said one of his biggest concerns is the impact of AI on employment.
According to him, increasingly capable AI systems are already able to perform many tasks traditionally carried out by humans, and businesses are likely to adopt the technology rapidly because it can potentially deliver work at a lower cost and with greater speed.
He warned that entry-level and mid-level jobs could be particularly vulnerable as companies become more comfortable relying on AI.
Fields such as software engineering, customer service, data analysis and some areas of healthcare could experience significant disruption, he said.
Gates also warned that the effect of automation would not be limited to office-based professions.
The combination of AI and advanced robotics, he said, could eventually allow machines to perform increasingly sophisticated physical tasks, including lifting heavy materials and carrying out some construction-related activities.
He cautioned that the growing sophistication of robots should not be judged solely by viral videos showing machines performing simple tasks.
As robotics improves, Gates expects businesses to deploy machines capable of operating with little or no human supervision, potentially reducing demand for workers in some industries.
He said the rapid pace of change could create particular difficulties for young people entering the workforce if traditional entry-level positions used to gain experience begin disappearing.
Gates also expressed concern about what AI could mean for human intelligence and critical thinking.
He argued that people could become overly dependent on AI for information, decision-making and problem-solving, reducing their willingness or ability to evaluate information independently.
“This would be the worst possible time for humans to lose their critical thinking skills,” Gates wrote.
He said the threat is especially serious because AI is making it easier to produce sophisticated deepfakes and personalised misinformation.
As fake videos, images, audio and written material become increasingly convincing, Gates warned that people will need stronger critical-thinking skills to determine what is genuine and what is fabricated.
He said the ability to distinguish fact from falsehood could become one of the most important skills in the AI era.
Beyond jobs and misinformation, Gates raised concerns about AI and national security.
He warned that increasingly sophisticated AI tools could lower the level of expertise required by criminals and hostile actors seeking to cause harm.
According to Gates, information about producing biological weapons, explosives and malicious computer programmes has existed for years, but AI could make it easier for people with limited technical knowledge to find, process and apply dangerous information.
“Even criminals with very limited skills will be able to target victims at every scale,” he wrote.
Gates also warned that advanced AI could eventually present a more fundamental challenge if systems become capable of operating independently and pursuing objectives that conflict with human interests.
The concern, he suggested, is not simply that AI could make mistakes, but that increasingly autonomous systems could become difficult for people to supervise effectively.
However, Gates stressed that he does not believe AI should be abandoned.
Instead, he argued that society must ensure that the technology is developed in ways that maximise its benefits while limiting its potential harm.
In healthcare, Gates said AI could help doctors and medical workers make faster and more accurate diagnoses, particularly in places where specialist expertise is unavailable.
He cited hospitals without on-site specialists as an example, saying AI could help identify life-threatening conditions quickly and potentially improve patient outcomes.
AI could also assist medical researchers by organising scientific literature and helping professionals process large amounts of information more efficiently.
Gates believes agriculture could also benefit substantially from AI, particularly in low-income countries.
AI tools could help farmers access information, improve decision-making and respond more effectively to challenges affecting crops and productivity.
Education is another area where Gates sees significant potential.
He said AI could help teachers identify students’ weaknesses, provide personalised assistance and reduce some administrative workloads, allowing educators to devote more time to direct interaction with learners.
But Gates warned that the benefits of AI will not automatically reach everyone.
He said governments need to ensure that the technology does not widen existing inequalities by concentrating economic gains among large corporations and highly skilled workers.
One of his proposals is to consider taxes on AI and robots.
Gates has argued that businesses currently have financial incentives to replace human workers with machines because automation can reduce labour costs.
A tax on AI-related activity or robots, he suggested, could slow the pace of job displacement while providing governments with revenue to retrain affected workers and strengthen social support programmes.
He also suggested that governments should consider restricting or regulating AI adoption in certain areas where replacing humans could have unacceptable consequences.
Another idea Gates has proposed is the creation of “Human Reserved” jobs — roles where humans would remain responsible because empathy, judgment and personal interaction are central to the work.
He cited caregiving as an example, arguing that some roles involving vulnerable people should retain a strong human component even as AI becomes increasingly capable.
Gates said countries could ultimately make different decisions depending on their economic and demographic circumstances.
A country facing a severe shortage of caregivers, for example, might be more willing to use robots to supplement human workers.
The technology billionaire also called for stronger AI regulation and international cooperation.
He argued that governments need to prepare for the possibility that AI will affect virtually every major part of society, including employment, healthcare, education, national security, taxation and communication.
Gates believes governments should develop policies before the disruption becomes widespread rather than attempting to respond after large numbers of people have already lost their jobs.
The discussion comes as governments and technology companies around the world race to develop increasingly powerful AI systems.
While companies continue to invest billions of dollars in the technology, policymakers are facing growing pressure to address concerns about job displacement, misinformation, privacy, cybersecurity and the long-term control of advanced AI.
Gates’ warning is therefore not a call to stop technological development but an argument for preparing society for its consequences.
He believes AI could dramatically improve living standards, particularly by expanding access to healthcare, education and scientific knowledge, but only if its development is accompanied by appropriate safeguards.
The former Microsoft chief’s position reflects the growing tension surrounding AI: the same technology capable of helping doctors diagnose illnesses, supporting farmers and improving education could also disrupt employment, amplify misinformation and create new security risks.
For Gates, the crucial question is whether governments and societies can adapt quickly enough.
He warned that the choices made during the early stages of the AI revolution could determine whether the technology becomes a powerful tool for human progress or a major source of economic and social instability.
Gates’ representative also reportedly confirmed that he did not use AI to write the essay, underscoring his argument that humans must continue to play a central role in thinking, decision-making and shaping the technology’s future.
Bill Gates warns AI could cause mass job losses, weaken critical thinking