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Bank Company Act: BAB suggests removing family director limit and proposes a 9-year term

Bank Company Act: BAB suggests removing family director limit and proposes a 9-year term

Bangladesh Banks Association Proposes Revisions for Banking Corporations Act The Bangladesh Banks Association (BAB) has made suggestions to the central bank concerning upcoming changes to the Banking Corporations Act of 2025. They’re advocating for reforms that would enhance shareholder involvement and modify governance limitations. In a letter addressed to the Central Bank on September 7, […]

Warner Bros. Discovery Teams Up with Disney and Universal to Sue AI Company Midjourney, Claiming Significant Copyright Infringement

Warner Bros. Discovery Teams Up with Disney and Universal to Sue AI Company Midjourney, Claiming Significant Copyright Infringement

Warner Bros Discovery Files Lawsuit Against AI Startup Midi Joanie Warner Bros Discovery has initiated legal action against the AI startup Midi Joanie, claiming the company has produced numerous copies of its characters without permission. The conglomerate alleges that Midi Joanie has engaged in what it describes as brazen distribution of Warner Bros’ intellectual property […]

Taiwan Investment Company Plans $1 Billion Bitcoin Fund for Asian Treasuries

Taiwan Investment Company Plans $1 Billion Bitcoin Fund for Asian Treasuries

Simply put SORA Ventures is looking to raise $1 billion to enhance Bitcoin investments in Asia. The firm plans to gather an additional $800 million in BTC over the next six months. Last year, SORA invested in Metaplanet, recognized as Asia’s largest Bitcoin finance company. Crypto venture capital firm Sora Ventures has announced its intention […]

Utility company in California confronted with federal lawsuits regarding fatal fires

Utility company in California confronted with federal lawsuits regarding fatal fires

DOJ Charges California Utilities for Eton Fire The Justice Department has accused California utilities of being responsible for the Eton fire that occurred in January near Los Angeles, leading to a tragic toll of 19 lives lost and extensive property damage. In its legal actions, the DOJ has initiated two lawsuits against Southern California Edison, […]

Subpoenas sent to company involved in fatal Florida crash inquiry

Subpoenas sent to company involved in fatal Florida crash inquiry

Florida AG Issues Subpoena Over Illegal Trucking License On Thursday, Florida Attorney General James Usmier announced he would be issuing both civil and criminal subpoenas to the employer of Harjinder Singh, who stands accused of making illegal U-turns while driving a truck in Florida. Authorities allege that Singh acquired a commercial driver’s license in California […]

Jet2’s stock falls 14% as the travel company lowers profit forecasts

Jet2's stock falls 14% as the travel company lowers profit forecasts

On December 2, 2024, a Boeing 737-85p from Jet2 is set to take off at Barcelona Airport in Spain. LONDON – European stock markets presented a mixed bag on Thursday as investors awaited clarity regarding US President Donald Trump’s trade tariffs. The Stoxx 600 index managed to rise by 0.15% in early trading. In contrast, […]