Crypto exchange FTX said it expects to negotiate U.S. government claims in its bankruptcy down to $3 billion to $5 billion, leaving no money for shareholders and contradicting a reckless and false claim by founder Sam Bankman-Fried that FTX's collapse caused no harm. FTX revealed those estimates in court documents on Wednesday in response to founder Sam Bankman-Fried's claims that he should receive a light prison sentence because FTX will be able to repay its customers in full ....
The CHIPS Act is designed to boost semiconductor manufacturing in the US and improve innovation in the country, especially with the threat of a Chinese invasion constantly hanging over Taiwan, home of TSMC.Read Entire Article
Spanish utility Iberdrola has planned to invest €15.5 billion (US$17 billion) in renewables by 2026 and commission 6GW of solar PV and onshore wind by 2027.
Just after the White House announced the $19.5 billion investment as part of the CHIPS Act initiative, Intel has unveiled its ambitious plan for the future of chip manufacturing in the US. The x86 chipmaker plans to invest $100 billion in the next few years, constructing new manufacturing plants andRead Entire Article
(Bloomberg) -- Texas is divesting $8.5 billion from BlackRock Inc. due to the investment company’s fossil fuel policies, according to a statement from the chairman of the State Board of Education.Most Read from BloombergTrump Rules Out Vivek Ramaswamy as Running Mate as He Eyes New TeamApple Is in Talks to Let Google Gemini Power iPhone AI FeaturesNvidia Looks to Extend AI Dominance With New Blackwell ChipsEvergrande’s Alleged $78 Billion Fraud Is Among Biggest EverMusk Says His Ketamine...
Latin American eCommerce and payments firm Mercado Libre is reportedly set to invest a record $2.5 billion in Mexico this year, up from the $1.6 billion spent in 2023. The investment will be distributed across various business areas, including warehouse expansion, logistics network enhancement, loan increases, salary payments, and marketing and technology investments, Bloomberg reported […]
BOAO, China: The New Development Bank (NDB), set up by the BRICS group of emerging economies, aims to make about US$5 billion in loans this year, its vice president, Zhou Qiangwu, said on Tuesday (Mar 26). "During the epidemic, our business has been somewhat affected, and now everything is going back on tr
Italian grid operator Terna has planned to invest €16.5 billion (US$18 billion) in the next five years to strengthen and expand Italy’s transmission grid.
OTB Ventures' new $185 million fund for deep tech in Europe will mostly be deployed at the Series A stage; but up to 10% could be allocated to seed funding, and more than 50% to follow-on investments. © 2024 TechCrunch. All rights reserved. For personal use only.
Vice President Kamala Harris is more than three years into her role as the Biden administration’s “border czar,” but Republicans have not been impressed by her performance, instead accusing Harris of imposing immigration policies that caused the border crisis. Harris touted on Monday a total of $5.2 billion in financial commitments to Mexico’s southern neighbors during her […]
CHANDLER, Ariz. (AP) — President Joe Biden on Wednesday celebrated an agreement to provide Intel with up to $8.5 billion in direct funding and $11 billion in loans for computer chip plants around the country, talking up the investment in the political battleground state of Arizona and calling it a way of “bringing the future []
The Biden administration has reached an agreement to provide Intel with up to $8.5 billion in direct funding and $11 billion in loans for computer chip plants in Arizona, Ohio, New Mexico and Oregon.