Authorities confiscated Sam Bankman-Fried’s two private jets, worth a collective $28.4 million, as the indicted founder of now-bankrupt cryptocurrency exchange FTX — who was posed as a “flight risk” — enters the fourth day of his six-week trial.

Though the government seized Bankman-Fried’s two jets in an apparent move to ensure he and his family remain grounded in the US, the 31-year-old former billionaire reportedly never even flew on the planes.

The top dogs of Boeing are living the high life — refusing to relocate their residences despite the aerospace giant’s push for staffers to return to the office — and instead commuting via private jet to the company’s headquarters, according to a report.

David Calhoun took over as Boeing’s CEO just before the pandemic, in January 2020.

In the third high-level U.S. official visit to China in about a month, U.S. special envoy for climate John Kerry emphasized efforts to stabilize the bilateral relationship.

“Now we’re in a place where because of the efforts of President Biden and President Xi to try to stabilize the relationship, we can now I hope, make progress between now and the meeting in the UAE, in December, of COP 28,” Kerry said Tuesday, in opening remarks at a meeting with Chinese Premier Li Qiang.

John Kerry, the US climate envoy, has called for more rapid action to confront the climate crisis in a crucial visit to China that is taking place against a fraught backdrop, with both countries currently baking under record heatwaves and Kerry facing hostile opposition from Republicans back home.

Special Climate Envoy John Kerry arrived in China Sunday ahead of planned "in-depth" talks on climate change with the country's communist government.

"We need genuine cooperation," Kerry said ahead of the trip last week, according to the New York Times. "China and the United States are the two largest economies in the world and we’re also the two largest emitters. It’s clear that we have a special responsibility to find common ground."

John Kerry wants us to believe that he has only flown “possibly once” on a private jet in the past two and a half years.

That was just one of the ‘Climate Czar’s’ questionable statements during his recent testimony in front of a Congressional House Foreign Affairs Committee on Thursday in which the former Senator from Massachusetts appeared confused and angry when he realized he wasn’t getting one by the American people.

It all started when Kerry brought up his use –or “lack there of” –of his trips on a private jet.

The World Economic Forum’s annual meeting began in Davos with corporate executives and economists warning a global recession is likely this year.

Of 4,410 business leaders surveyed by PricewaterhouseCoopers LLP in October and November last year, 73% predicted global growth to decline over the coming 12 months. The reading was the worst since the consulting firm began polling in 2011. Two out of five even expressed concern their companies may not last a decade. 

There’s a hangover happening in Davos even though the party hasn’t yet started. The World Economic Forum’s annual winter shindig in the Swiss mountain resort, which kicks off on Monday, marks a return for glitzy parties and high-minded debates following a three-year hiatus. A record number of business leaders are set to make the trip, and the passage of commercial, private and government aircraft through Zurich’s airport suggests overall attendees are at pre-Covid-19 levels. Yet the direction for the future – and those who will lead it – is more clouded than ever.

Greenpeace International, a global climate group that opposes fossil fuels, released a study showing that elites largely travel to the World Economic Forum's (WEF) annual conference via private jets.

Twitter owner Elon Musk suspended several prominent media personalities from his platform on Thursday — a decision that was met with swift criticism by some, but to the applause of others.

The suspended journalists include CNN correspondent Donie O'Sullivan, New York Times technology reporter Ryan Mac, Washington Post reporter Drew Harwell, The Intercept journalist Micah Lee, Mashable writer Matt Binder, former MSNBC host Keith Olbermann and former Vox journalist Aaron Rupar.