According to local reports, the Australian Securities and Investment Commission (ASIC) has started legal procedures against two crypto companies and their directors for operating unlicensed in the country. Allegedly, the companies participated in an elaborate scheme that resulted in the loss of AU$ 160 million, worth $104 million, from investors. Related Reading: Hong Kong Set […]
Trump Media & Technology Group may have lost $4 billion in value since the stock plummeted on reports the company makes no money, but that hasn't kept the company's executives from raking in big salaries, bonuses and stock options as investors and analysts question the long-term viability of the parent company of Truth Social.Stock in the now-public technology company launched on Monday at $79.38 before going into a freefall all week and ending Friday at $40.49.A substantial reason for the...
The Bank of China has supplied ACWA Power with a US$80 million equity bridge loan for the latter’s Tashkent solar-plus-storage portfolio.
Ben Lewis and Angela Vranich, co-founders of Little Spoon, detail the launch and massive growth of their healthy baby and kids food brand.
Welcome to The Hill's Business & Economy newsletter {beacon} Business & Economy Business & Economy The Big Story Millions impacted by Biden’s new student loan plan More than 25 million student loan borrowers who owe more money than they did at the start of repayment because of the interest rate on federal student loans could
Dr Maureen Tamuno has assumed office as the Group Managing Director of the Abuja Investments Company Limited. The company, in a statement on Wednesday, said it was pleased to welcome Tamuno, who assumed duties as the group managing director of AICL, effective April 8. The announcement came on the heels of the announcement made by Read More
Republican House Speaker Mike Johnson announced Wednesday that his chamber will finally hold a vote this weekend on passing additional foreign aid including support for Ukraine, Israel and Taiwan, as well as $481 million to assist refugees in the U.S.But after releasing text of the funding measures—which are split into three separate bills—Johnson is once against facing pushback from members of his own party, who have withheld authorizing supplemental funding for months.Drafts of the legislation...
The Bank of Canada's interest rate decision on Wednesday didn’t bring cuts, but it did bring new insight into where the central bank thinks interest rates may be headed. The bank kept its overnight interest rate steady at five per cent, but it raised something else: its nominal neutral interest rate. The neutral rate is the rate at which the central bank’s monetary policy is neither stimulating nor holding back the economy. It's essentially the "Goldilocks" interest rate, explained...
WASHINGTON ― President Joe Biden’s reelection effort pulled in more than $90 million in March, his campaign announced Saturday, giving him nearly $200 million in the bank heading into April.
Ellis Island's museum is getting a 21st-century makeover, more than 100 years after millions of immigrants took their first steps in America there.
By Stephen Johnson, Business Reporter for Daily Mail Australia Published: 11:50 p.m. EDT, April 16, 2024 | Updated: 00:44 EDT, April 17, 2024 ANZ Bank is preventing its customers from ordering a new checkbook in just eight weeks.The bank's 8.5 million Australian customers were told via email on Wednesday that internet banking customers will no longer be able to order a deposit book of checks from June...
The European Banking Federation (EBF) is calling on the European Union (EU) to streamline regulation of banks and to declare banks a “strategic sector.” The group is promoting these reforms as a way to boost the competitiveness of the region’s banks, Reuters reported Tuesday (April 16). EBF CEO Wim Mijs told reporters Tuesday during a briefing that Europe must take a […]