Even when he met with statesmen such as former U.S. President Bill Clinton, and British Prime Minister Tony Blair, he donned T-shirts and wrinkly shorts. At the height of his career, experts estimated Bankman-Fried had a $26bn fortune in digital assets. That said, at his first court appearance in December 2022 and the others that…
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In Melbourne, an Esso spokesperson suggested that following the uptick in good environmental news, its retired oil platforms would be removed — including the long steel support structures or ‘jackets’ — from the ocean. In doing so, Esso (owned by ExxonMobil) acknowledged scientific studies that disprove the creation of artificial reefs made from fuel waste.…
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This is the latest in a spurt of brick-and-mortar lease cancellations by tech-based firms. Those in the know said it is because many companies adopted a hybrid working model, where people go into the office to attend meetings and such but perform most of their work remotely. This practice is especially prevalent in the tech…
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In one of the largest anti-money laundering operations, the Singapore police arrested and charged 10 foreigners. The authorities laid their hands on S$2.4bn in assets that ranged from luxury properties and cryptocurrencies to motor vehicles. Singapore is widely known for its tough stance on money laundering. This incident raised eyebrows, and many are wondering if…
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The most important economic data for this week are: U.S. durable goods orders on Wednesday at 12:30 PM GMT. The data for the month of August are expected to increase by almost 5% and, since durable goods orders are a leading indicator of manufacturing activity, then, if the expectations are confirmed, there might be some…
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The agreement reached between the two companies stipulates that Amazon employees and Amazon Web Services (AWS) users will get early access to the latest Anthropic technologies. Anthropic, on the other hand, will primarily use Amazon’s cloud services. Additionally, the company will train future AI models on proprietary chips supplied by the global retailer. The chief…
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The company will pay a staggering $19m for its ESG misstatements and another $6m for the anti-mutual fund violation. After investigation, the SEC found that DWS issued deceptive statements about how it employs ESG factors when doing research and making recommendations. In view of the charges, the company did not follow sound policies and procedures…
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XS.com Group CEO, Mohamad Ibrahim, commented: We extend our heartfelt gratitude for being honoured with the prestigious Top Trusted Broker and Top Global CEO award at the Middle East Financial Markets Awards Ceremony. This recognition is a testament to our unwavering commitment to excellence and the trust our clients place in us. […] we…
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All three companies kicked their IPOs off on a high note, with trade closing above the initial pricing on the first day. Since, share prices have been seesawed somewhat, fueling renewed rounds of speculations. It seems short sellers played a significant role in Arm Holdings’ stock, which dipped below its $51 IPO price for the…
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In its last financial year, the company achieved more than $7bn in production in India. Apple has not yet responded to confirm these speculations. India is Apple’s base for the manufacture of iPhones. Rumours have it that the company also plans to start making Airpods in this country. In an earlier Bloomberg interview this month,…
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