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Former US president Donald Trump has been fined $354.9m (£281.6m) after a civil fraud trial in New York.

The judge also banned Trump from running businesses in New York for three years. His sons, Eric and Donald Jr, received similar bans for two years.

Trump and the Trump Organisation were also banned from applying for loans from any New York financial institution for three years.

Alina Habba, his lawyer, said after the hearing that the ruling was a “manifest injustice…plain and simple”.

She said in a statement: “It is the culmination of a multi-year, politically fuelled witch hunt that was designed to ‘take down Donald Trump,’ before Letitia James ever stepped foot into the Attorney General’s office.”

Judge Arthur Engoron had already ruled in an earlier judgement that the former president inflated his wealth on financial statements given to banks, insurers and other institutions to make deals and secure loans.

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Trump: ‘They don’t like me running’

New York Attorney General Letitia James sought $370m (£294m) and a ban on Trump and other defendants from doing business in the state in the civil fraud case.

Such a huge penalty as the one imposed today could leave Trump’s real estate empire in tatters – an image that helped lead him to fame and the White House in 2016.

Judge Engoron also cancelled his prior ruling from September ordering the “dissolution” of companies that control areas of Trump’s real estate empire, saying today that this was no longer necessary because he is appointing an independent monitor and compliance director to oversee Trump’s businesses.

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In the ruling, the judge wrote that Trump and the other defendants in the case “are incapable of admitting the error of
their ways”.

He added in his written verdict: “Their complete lack of contrition and remorse borders on pathological. Instead, they adopt a ‘see no evil, hear no evil, speak no evil’ posture that the evidence belies.”

In response, Trump’s legal team claimed the testimony during the trial “proved there was no wrongdoing, no crime, and no victim” and added an appeal would be launched.

An aerial view of former President Donald Trump's Mar-a-Lago estate is seen Aug. 10, 2022, in Palm Beach, Fla. New York Judge Arthur Engoron, ruling in a civil lawsuit brought by New York Attorney General Letitia James, found that Trump and his company deceived banks, insurers and others by massively overvaluing his assets and exaggerating his net worth on paperwork used in making deals and securing loans. (AP Photo/Steve Helber, File)
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Trump’s Mar-a-Lago estate in Palm Beach was central to the case. Pic: AP

FILE ...Trump Tower is shown in this photo, in New York, March 21, 2023. New York Judge Arthur Engoron, ruling in a civil lawsuit brought by New York Attorney General Letitia James, found that Trump and his company deceived banks, insurers and others by massively overvaluing his assets and exaggerating his net worth on paperwork used in making deals and securing loans. (AP Photo/Seth Wenig, File)
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Trump Tower is one of the ex-president’s many properties. Pic: AP

Ms Habba added: “Given the grave stakes, we trust that the Appellate Division will overturn this egregious verdict and end this relentless persecution against my clients.

“Let me make one thing perfectly clear: this is not just about Donald Trump – if this decision stands, it will serve as a signal to every single American that New York is no longer open for business.”

Last month Trump was also ordered by another judge in New York to pay $83.3m (£65.5m) in punitive damages to writer E Jean Carroll.

She launched a defamation case against the ex-president, accusing him of sexually assaulting her in a Manhattan department store in the mid-1990s.

In this latest civil case, Ms James’ office estimated Trump exaggerated his wealth by as much as $3.6bn.

State lawyers claimed Trump used the inflated numbers to get lower insurance premiums and favourable loan terms, saving at least $168m on interest alone.

Judge Arthur Engoron attends the closing arguments in the Trump Organization civil fraud trial at New York State Supreme Court in the Manhattan borough of New York City, U.S., January 11, 2024. REUTERS/Shannon Stapleton/Pool
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Judge Arthur Engoron at the closing arguments of the trial. Pic Reuters

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Donald Trump at the trial in New York

During the trial, Trump launched a six-minute diatribe from the witness stand and was ordered not to disparage court staff – but defied the judge and was fined $15,000 (£11,800) for twice violating the order.

The Republican presidential front-runner testified in November that his financial statements actually understated his net worth and that banks did their own research and were happy with his business.

During closing arguments in January this year, he claimed the case was a “fraud on me”.

Before the trial, Judge Engoron ruled on James’ main claim, finding that Trump’s financial statements were fraudulent.

As punishment, the judge ordered some of his companies should be removed from his control and dissolved, but due to an appeal, another court has put that on hold.

Because it is a civil case, rather than criminal, there was no threat of Trump being jailed.

However, four of the investigations into the former president are on criminal grounds.

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Trump and Putin’s first meeting in years does not necessarily mean a ceasefire in Ukraine

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Trump and Putin's first meeting in years does not necessarily mean a ceasefire in Ukraine

It could be diplomatic dynamite.

The first meeting between a sitting US and Russian president in more than four years, following one of the bleakest periods in the history of their countries’ bilateral relations.

But a PutinTrump summit does not necessarily mean there will be a ceasefire.

Ukraine war latest: Kremlin aide’s full statement on Trump-Putin talks

On the one hand, it could signal that a point of agreement has been reached and a face-to-face meeting is needed to seal the deal.

That has always been Russia’s stance. It’s consistently said it would only meet at a presidential level if there’s something to agree on.

On the other hand, there might not be anything substantive. It might just be for show.

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‘Good chance’ Trump will meet Putin soon

It might just be the latest attempt by the Kremlin to diffuse Donald Trump’s anger and dodge his deadline to end the war by Friday or face sanctions.

It would give Trump something that can be presented as progress, but in reality, it delivers anything but.

After all, there has certainly not been any sign that Moscow is willing to soften its negotiating position or step back from its goals on the battlefield.

Tellingly, perhaps, it’s this latter view which has been taken by some of the Russian press on Thursday.

Donald Trump and Vladimir Putin have not met face to face since the US president returned to the White House. File pic: Reuters
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Donald Trump and Vladimir Putin have not met face to face since the US president returned to the White House. File pic: Reuters

“Putin won” is the headline in Moskovsky Komsomolets regarding the Kremlin leader’s meeting with Witkoff.

The state-run tabloid quotes a political scientist, Marat Bashirov, who claims Putin “bought time” ahead of Friday’s deadline.

“It is noteworthy that in his rhetoric [on sanctions] Trump did not mention Russia at all,” the paper notes.

Komsomolskaya Pravda is similarly dismissive.

“Donald Trump has two simple interests in connection with Ukraine: to earn money for America, and political whistles and the Nobel Peace Prize for himself,” it says.

“Russia has its own interests,” it adds, “securing them is what Vladimir Putin will seek at a meeting with Trump.”

At this stage, the most likely location is the United Arab Emirates. Putin met the country’s president in the Kremlin today, and afterwards said it would be a “suitable location”. It felt like a strong hint.

And the UAE certainly makes sense.

It’s played mediator for a number of the prisoner swaps between Russia and Ukraine; it has good relations with the US (and was one of Trump’s stops on his recent Middle East tour); and most importantly for Moscow, it’s not a member of the International Criminal Court. So Putin doesn’t have to worry about being arrested.

But if NBC’s reports are correct, that a Putin-Trump summit is conditional on the Russian president meeting with Ukrainian leader Volodymyr Zelenskyy, then the summit may not happen at all.

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Until now, Putin has refused to meet Zelenskyy, despite numerous demands from Kyiv, because he views him as illegitimate.

The Kremlin said the prospect of a trilateral meeting between the leaders was mentioned by Witkoff on Wednesday, but the proposal was left “completely without comment” by Russia.

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OpenAI releases long-awaited GPT-5 AI chatbot upgrade

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OpenAI releases long-awaited GPT-5 AI chatbot upgrade

GPT-5, the long-awaited upgrade to the ChatGPT AI chatbot, has been released by its maker OpenAI.

It has been one of the most highly anticipated launches in Silicon Valley after OpenAI’s first offering ChatGPT – powered by its GPT-3 model – kick-started the current AI boom in late 2022.

“GPT-3 sort of felt like talking to a high school student,” said Sam Altman, OpenAI’s chief executive.

“GPT-4, maybe it was like talking to a college student. But with GPT-5, now it’s like talking to an expert, a PhD-level expert in anything, any area you need, on demand.”

At the launch event, OpenAI claimed the new chatbot, which will be released to all ChatGPT users on Thursday, was more than a simple upgrade to its previous offerings.

According to OpenAI, the new model exceeds the chatbot competition from the likes of Google, X and Antropic on “benchmarks” – standardised tests used to rank models.

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OpenAI claims it has been designed to be easier and more natural to communicate with, better at writing prose and advanced computer code, solving academic questions from mathematics to law, assisting with healthcare-related questions, as well as being safer than its predecessors.

“It’s an incredible superpower on demand,” claimed Mr Altman.

GPT-5. Pic: OpenAI
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GPT-5. Pic: OpenAI

The model is also more intelligent in how it uses its own brain power – and therefore an expensive computing resource – according to OpenAI.

It is a hybrid of previous chatbots and slower, more computing-intensive “reasoning” models like OpenAI’s Deep Research.

Based on a user’s request, the model will decide how much “thinking” is required before answering, rather than requiring the user to switch between different models.

GPT-5. Pic: OpenAI
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GPT-5. Pic: OpenAI

Although AI enthusiasts who had been expecting GPT-5 to represent “artificial general intelligence [AGI]” will be disappointed.

Despite this being OpenAI’s stated goal, Mr Altman billed GPT-5 as a “major upgrade” to GPT-4 and a “significant step along the path to AGI”.

But they’re clearly not there yet.

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A real test of GPT-5 will be whether it sells.

OpenAI is projected to spend $8bn (£6bn) this year, on top of $5bn (£3.7bn) last year, and while it is expected to make a profit this year, the business case for increasingly powerful AI models is still not clear to many investors.

Given a single training run for GPT-5 is rumoured to have cost $500m (£373m), there will be an expectation the new model is significantly more useful to business users.

Despite a very slick demonstration of its coding skills at the launch presentation, where it built an online language learning game in seconds, GPT-5 will have to prove its worth for professional coding.

Many in the tech industry prefer Anthropic AI’s Claude model to write code. OpenAI and its investors will be hoping GPT-5 changes that.

AI experts will also be testing GPT-5’s tendency to “hallucinate”, an issue OpenAI claims to have improved with GPT-5.

But erroneous or bizarre answers are a problem that dogs all large generative AI models.

“Shiny things are always fun to play with, and I fully expect GPT-5 to be the shiniest so far,” said Gary Marcus, a cognitive scientist at New York University and AI commentator.

“But that doesn’t mean that it is a critical step on the optimal path to AI that we can trust,” Mr Marcus added in a post.

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Ex-Superman Dean Cain to join ICE ‘ASAP’ to ‘save America’

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Ex-Superman Dean Cain to join ICE 'ASAP' to 'save America'

Dean Cain has been branded the “worst superman ever” as he announced he will join the US Immigration and Customs Enforcement (ICE) “ASAP”.

The 59-year-old, who was cast as Superman in the TV series Lois & Clark: The New Adventures of Superman, announced he had joined the team amid the federal agency’s unprecedented immigration raids.

He told Fox News on Wednesday his recruitment video on Instagram had gone viral and since then, “I have spoken with some of the officials over at ICE and I will be sworn in as an ICE agent ASAP”.

“You can defend your homeland and get great benefits,” he said in the Instagram post where he appealed for his followers to join ICE.

Speaking with the Superman theme song in the background, he said “hundreds of thousands of criminals” had been arrested since US President Donald Trump took office.

He then told his followers they would get a series of benefits if they joined ICE, including a $50,000 (£37,407) signing bonus and student loan repayment.

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“If you want to help save America ICE is arresting the worst of the worst and removing them from America’s streets,” he said, before adding: “I voted for that.”

ICE agents are under pressure from the White House to boost their deportation numbers in line with Mr Trump’s campaign promise to crack down on illegal immigration.

Cain’s post on Instagram received some backlash, with one user commenting: “Worst superman ever”.

Another said: “Shame on you Dean – that’s the most un-Superman thing you could possibly advocate.”

One fan turned against him and said: “Until I saw this I was such a fan. What a sad human being you must be.”

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