Category: Global
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New York Attorney General Reaches $2 Billion Settlement with Genesis Global
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New York Attorney General Letitia James announced on Monday that her office has obtained a $2 billion settlement with bankrupt cryptocurrency company Genesis Global. The agreement comes in response to allegations that Genesis defrauded investors, including tens of thousands of New Yorkers. $2 billion settlement In a post on social…
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6% of global nickel output at risk as turmoil hits New Caledonia
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There is definitely some drama in the base metals market right now. Copper has reached record levels due to supply shortages, and now nickel prices are rising, partly due to violent protests in New Caledonia. France’s Pacific region has seen a wave of riots after a proposed amendment to the…
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Genesis Global can distribute billions to creditors: judge
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Genesis Global, the digital asset lender that went bankrupt last year, has won court approval to pay billions in cash and cryptocurrencies to creditors. according to BloombergOn May 17, Southern District of New York Judge Shawn Lin confirmed Genesis’ Chapter 11 repayment plan, including the structure for returning crypto assets…
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Genesis Global can distribute billions to creditors: judge
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Genesis Global, the digital asset lender that went bankrupt last year, has won court approval to pay billions in cash and cryptocurrencies to creditors. according to BloombergOn May 17, Southern District of New York Judge Shawn Lin confirmed Genesis’ Chapter 11 repayment plan, including the structure for returning crypto assets…
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How partnering with a global bank can elevate your enterprise
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From inward-looking businesses to global competitive powerhouses: How partnering with a global bank can level up your organization. You may never understand the weight attached to the bank your business operates until you have to deal with an international entity. One institution comes to mind. Recently, the company was seeking…
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Adyen Brews Up Global Expansion with Cotti Coffee Partnership
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Vmas: 24 | catch a glance Vmas: 24 | catch a glance Vmas: 24 | catch a glance Vmas: 24 | catch a glance Vmas: 24 | catch a glance Vmas: 24 | catch a glance Here’s a sneak peek at FMAS:24’s vibrant atmosphere! Join us at Africa’s premier financial…
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Alternative investment platform TheCarCrowd target global expansion after £1M deal
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Innovative automotive investment platform TheCarCrowd has just completed its two-tranche seed round, securing a total investment of over £1m. The investment from a group of experienced angels – as well as recurring investment from Notion Capital – indicates confidence in TheCarCrowd’s ambitious global strategy, its growing list of partners, and…
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Leatt reported a 19% decrease in total global revenue By Investing.com
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Leatt Corporation (TICKER: LEAT), known for its protective gear in the cycling and motorcycle industry, reported a mixed first quarter for 2024, with a 19% decrease in total global revenues compared to the same period last year. The company witnessed a decline in sales to global distributors but saw an…
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Global Crossing Airlines reports strong revenue growth By Investing.com
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Global Crossing Airlines (JET:NASDAQ) has announced a significant uptick in its financial performance for the first quarter of 2024, with a 67% increase in revenue to $53.8 million and a 16-fold rise in EBITDA year-over-year. Despite this growth, the company reported a net loss of $6.3 million and ended the…
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China’s Xi backs Macron call for global Olympic truce By Reuters
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Written by John Irish and Elizabeth Pineau PARIS (Reuters) – Chinese President Xi Jinping on Monday called for a global truce during the Paris Olympics this summer after the French president and the head of the European Commission urged him to use his influence over Russia to end its war…
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European markets in green, extending global rally (EUR:USD)
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Da-kook/E+ via Getty Images London (UKX) is closed for the bank holiday Germany (DAX:IND) +0.29% Germany’s services PMI improved to 53.2 in April France (CAC:IND) +0.16% France’s services PMI rose to 51.3 in April The services PMI and composite PMI rose to an 11-month high in the euro zone. Spain’s…
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Global Housing Shortages Are Crushing Immigration-Fueled Growth
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Breadcrumb Trail Links PMN Business Households go backwards in 13 developed economies as record immigration runs into a housing crisis. Author of the article: Bloomberg News Randy Thanthong-Knight, Swati Pandey and Tom Rees Published May 05, 2024 • 11 minute read You can save this article by registering for free here.…
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Climb Global Solutions reports mixed Q1 results By Investing.com
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Climb Global Solutions (ticker not provided) has reported its financial results for the first quarter of 2024, revealing a mix of positive developments and challenges. The company saw double-digit organic growth in North America and benefits from its recent acquisition of DataSolutions in Europe. However, softer volumes with key vendors…
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Weak diesel market adds to concerns about global oil demand (NYSEARCA:USO)
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Slavko Sereda/iStock via Getty Images Crude oil futures ended little changed on Thursday, as a surprisingly large build in US inventories that raised concerns about demand and a potential ceasefire in the Middle East hampered any potential recovery from yesterday’s sharp losses. Dip in Global demand for diesel is also…