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Tag: billion

Texas divests $8.5 billion from BlackRock, citing firm’s ‘destructive’ ESG push

The state of Texas notified investment management firm BlackRock on Tuesday of its plans to cancel an $8.5 billion investment, citing the company’s “disruptive” environmental, social and governance initiatives. fox business report. Texas State Board of Education Chairman Aaron Kinsey told news outlets that the Texas Permanent School Fund, which previously invested in BlackRock, will […]

China Says Collapsing Real Estate Giant Evergrande Overstated Revenue by $78 Billion

China’s securities regulator announced on Monday that it had banned the founder of real estate giant Evergrande from the stock market and charged the company with $78 billion in fraud. Evergrande was once one of China’s largest and most trusted companies, fueling a boom in the real estate market that encouraged many middle-class Chinese to […]

Texas schools pull $8.5 billion from BlackRock over fossil fuel ‘boycott’

Texas public schools are withdrawing billions of dollars invested in BlackRock, an asset manager the state accuses of boycotting fossil fuels. On Tuesday, State Board of Education Chairman Aaron Kinsey (R) announced that the board had divested $8.5 billion from BlackRock’s operations. The company’s “overwhelming and enduring leadership” in the environmental, social, and governance (ESG) […]

Texas Divests $8.5 Billion from BlackRock over Anti-Fossil Fuel Policies

Texas announced Tuesday it would sell $8.5 billion from asset management giant BlackRock over the company’s anti-fossil fuel policies. Republican State Board of Education Chairman Aaron Kinsey Said The $53 billion Texas Permanent School Fund (PSF) has issued a formal notice to BlackRock that it is “terminating financial management of approximately $8.5 billion in Texas […]

European Union Agrees to €7.4 Billion Aid Package to Egypt

(AFP) – Leaders of the European Union and five European countries visited cash-strapped Egypt on Sunday to secure a €7.4 billion loan focused on boosting energy trade and stemming irregular migration flows into the 27 member states. announced the policy. The deal includes billions of dollars in future loans to heavily indebted Egypt and increased […]

Powerball $1.765 billion jackpot winner Theodorus Struyck revealed in California

Golden State Billionaire! The winner of Powerball’s second-largest jackpot prize worth $1.765 billion was announced Friday, five months after the life-changing drawing. Theodorus Strück was named to represent the group that purchased $1 billion worth of tickets at the Frazier Park, California, market for the October 11 drawing. California Lottery announced. The brand new billionaire […]