Category: delays
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Mt. Gox Delays Repayment Plan Until October 2025
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This article is also available in Spanish. In a development that could provide relief to Bitcoin (BTC) and the broader cryptocurrency ecosystem, Mt.Gox, the defunct Cryptocurrency exchange Which was hacked in 2014, announced a major delay in the payment plan for affected creditors. The original repayment date was set for…
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Kenya eyes UAE-backed Sh193bn debt as IMF delays
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Kenya has turned to $1.5 billion (Sh193.8 billion) in UAE-backed bonds in the wake of faltering IMF financing to plug the country’s financing shortfall as UAE royals seek wider influence in Africa. . The UAE will guarantee the bonds while Kenya expands the scope of financing available after the withdrawal…
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Super Micro delays annual filing to review internal controls, shares fall By Reuters
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(Reuters) – Super Micro Computer Inc (NASDAQ:SMIC) on Wednesday delayed filing its annual report and said it needed more time to evaluate the “effectiveness of internal controls” over its financial reporting, sending shares of the artificial intelligence server maker down 21%. The move comes a day after Hindenburg Research revealed…
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Ukraine Jittery Over Funding Delays From Frozen Russian Assets
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Breadcrumbs Path Links PMN Business Ukrainian officials are concerned about delays in finalizing a deal that would open the door to $50 billion in support by tapping profits from frozen Russian central bank assets, according to people familiar with the matter. Article author: Bloomberg News Darina Krasnolotska, Alberto Nardelli and…
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Delays impact 40% of Biden administration’s biggest climate projects – FT (NASDAQ:ICLN)
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GetYourPic/iStock via Getty Images According to a report by the International Finance Corporation, about 40% of projects announced in the first year of implementation of the Biden administration’s industrial and climate infrastructure spending policies have been delayed or temporarily halted. Financial Times The investigation was published this week. Inflation Reduction…
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US judge delays launch of sports streaming venture from Disney, media giants By Reuters
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By Don Chmielewski and Jack Quinn (Reuters) – A U.S. judge on Friday temporarily blocked the launch of a new sports streaming service backed by three media giants, Walt Disney Co and Amazon. Disney (NYSE:), Fox, and Warner Bros. Discovery (NASDAQ:), which aim to attract younger sports fans who don’t…
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Rayner signals potential delays to key employment reforms
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Angela Rayner has indicated that some elements of her planned reform of workers’ rights could be delayed, in a setback for union leaders. At a key meeting at the Cabinet Office in Whitehall, the deputy prime minister told union and business lobby representatives that “not everything” initially proposed would be…
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Rayner signals potential delays to key employment reforms
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Angela Rayner has indicated that some elements of her planned reform of workers’ rights could be delayed, in a setback for union leaders. At a key meeting at the Cabinet Office in Whitehall, the deputy prime minister told union and business lobby representatives that “not everything” initially proposed would be…
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B. Riley stock extends losses after bank delays quarterly report By Reuters
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Written by Manya Saini, Nikit Nishant and Saeed Azhar (Reuters) – Shares of investment bank B. Riley Financial fell to their lowest level in nearly eight years on Tuesday after the company delayed filing its quarterly report with the Securities and Exchange Commission, adding to concerns about a second-quarter loss.…
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Tel Aviv light rail construction plagued by delays
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Major changes are underway deep inside Tel Aviv’s Ibn Gabirol Street. Tunnel boring machines have passed under the intersection with Nordau Street and reached what will become the Arlozorov station. The Green Line of the Tel Aviv Light Rail will extend from Rishon LeZion in the south via an underground…
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JNF indecisiveness delays development of Jerusalem land
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In one of the largest real estate deals ever seen in Jerusalem, in January 2023, Jewish-American real estate tycoon Gary Barnett purchased land owned by the Greek Patriarchate for NIS 750 million. The deal was intended to end the deadlock over leasing the land so it could be developed. But…
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US resumes taking F-35 after delays over software upgrade By Reuters
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FAIRFORD, England (Reuters) – The United States has resumed deliveries of F-35 jets with an interim upgrade after months of delays due to software delays and will withhold some payments until remaining upgrades are ready, senior officials said on Saturday. Lockheed Martin The company (NYSE:) and major suppliers have been…
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US resumes taking F-35 after delays over software upgrade By Reuters
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FAIRFORD, England (Reuters) – The United States has resumed deliveries of F-35 jets with an interim upgrade after months of delays due to software delays and will withhold some payments until remaining upgrades are ready, senior officials said on Saturday. Lockheed Martin The company (NYSE:) and major suppliers have been…
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Buildots to cut delays on construction of Intel plants
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Israeli startup BuildsIntel, which develops software to help real estate companies manage construction and monitor progress, has been hired by Intel’s construction division to improve the pace of new construction and warn of potential delays, a source familiar with the matter told Globes. The deal is estimated to be worth…
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Vietnam’s VinFast delays US electric car plant amid market slowdown By Reuters
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By Phuong Nguyen HANOI (Reuters) – Vietnamese electric vehicle maker VinFast has postponed the launch of its planned $4 billion North Carolina factory to 2028 and cut its delivery forecast for this year by about 20,000 units amid uncertainty in the global electric vehicle market. Vinfast, founded by Vietnam’s richest…
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Tesla delays robotaxi launch to October from August, Bloomberg News reports By Reuters
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Tesla Inc. has delayed the launch of a robotaxi by about two months until October after the design team was asked to redesign some elements of the vehicle, Bloomberg News reported on Thursday, citing people familiar with the decision. Shares of Tesla (NASDAQ:TSLA), which is betting on self-driving vehicles over…
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Jerusalem light rail delays pile up
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Delays are piling up in the expansion of Jerusalem’s light rail system. Globes has learned that the Green Line between Mount Scopus and Gilo, which was scheduled to open next year, will now not open until March 2026. And the Red Line extension, originally scheduled to open in July 2023,…