Elon Musk brands shorting stock a ‘scam’ following GameStop trading restrictions January 28, 2021 Redditors: We'll 'burn Robinhood to the ground' after Gamestop trading restricted
Former Nissan executive pleads not guilty to conspiring with Ghosn September 15, 2020 Former Nissan executive Greg Kelly has denied charges he conspired with former boss Carlos Ghosn to hide income in his first hearing at the Tokyo District Court. Kelly, who has been on bail in Japan since his release from jail in 2018, said: “I deny the allegations that have been made by prosecutors. I was [...]
Wework sells control of China arm for $200m in global pullback September 24, 2020 Wework is selling control of its Chinese division to one of its investors, in a deal that further reduces the office space provider’s global presence after the coronavirus pandemic worsened its financial troubles. Private equity firm Trustbridge Partners will pay the company $200m (£157m) for majority ownership of the unit, as Wework retreats from a [...]
AIG racks up $730m loss amid ‘ongoing catastrophe’ of pandemic August 4, 2020 Insurance giant American International Group (AIG) has piled up $730m (£558.7m) in coronavirus-related losses during the first half of 2020, its chief executive said today. AIG chief executive Brian Duperreault warned of the “formidable and ongoing catastrophe” of the pandemic, as he ran through the insurer’s results in a call with analysts. The firm, which [...]
Meghan loses latest High Court battle against Mail on Sunday September 29, 2020 The Duchess of Sussex has lost the latest ruling in her High Court lawsuit against the Mail on Sunday over its publication of a personal letter sent to her father. Meghan Markle is suing Mail on Sunday publisher Associated Newspapers (ANL) over claims the handwritten letter was a breach of the Data Protection Act and [...]
Alibaba under investigation by China for monopoly tactics December 24, 2020 Alibaba is under investigation by Chinese regulators for alleged monopolistic practices, in the latest blow for Jack Ma’s fintech and e-commerce empire. The probe is part of an accelerating crackdown on anticompetitive behavior in China’s booming internet space, and the latest setback for Ma, the 56-year-old former school teacher who founded Alibaba and became China’s [...]
Bitcoin breaks past $10,000 for first time in two months July 27, 2020 Bitcoin jumped past the $10,000 mark for the first time in almost two months this morning, after several weeks of trading in narrow ranges. In addition to suffering pricing blows due to the economic fallout from the coronavirus outbreak, the cryptocurrency went through its third so-called halving on 11 May, which cut the rewards given [...]
Explosive Ghislaine Maxwell documents set to be released today October 22, 2020 Documents that Ghislaine Maxwell fought to keep secret relating to her relationship with convicted sex offender Jeffrey Epstein are set to be released today after the British socialite lost a court appeal. Maxwell has denied all charges of playing a role in the “sexual exploitation and abuse of multiple minor girls” under Epstein’s watch. She [...]
Report: Apple to bundle services under ‘Apple One’ subscription August 13, 2020 Apple is reportedly planning to launch a range of subscription bundles that will give customers access to a selection of its digital services at a lower price. The bundles, dubbed Apple One, are set to be launched as early as October alongside the new generation of iPhones, Bloomberg reported, citing people with knowledge of the [...]
US election: Biden in touching distance of White House as Trump calls in the lawyers November 4, 2020 Joe Biden is closing in on the 270 Electoral College votes needed to win the presidency as Michigan has now been widely called for the Democrat candidate. The former Vice President is on at least 253 Electoral College votes, with some US broadcasters also calling Arizona for Biden, giving him 264 votes. All he needs [...]