Congo begins exporting liquified natural gas under Italian firm’s initiative
The African nation of Congo on Tuesday became the latest liquefied natural gas exporter to begin producing its first cargo, a year after Italian energy company ENI launched the Congo LNG project with local partners. ENI said in a statement that the first cargo ship loaded with LNG will head to Italy’s regasification plant in […]
Law firms pumped millions into NY campaigns as lawmakers made it easier to sue: report
Trial lawyers poured millions of dollars into the campaign coffers of New York politicians to push for expanded laws that would make it easier to sue, according to an analysis by a business advocacy group. The top 20 plaintiffs’ law firms gave $4.7 million to New York state lawmakers, including Gov. Kathy Hochul and Attorney […]
Exclusive: Eightcap cutting brokerage service to all prop trading firms – FX News Group
FNG limited…FNG has learned that retail FX and CFD broker Eightcap has informed prop trading clients that it will cease brokerage services for all prop trading firms as of the end of February. The move by Eightcap comes as Cyprus-based trading platform company MetaQuotes, developer of the popular MetaTrader family of platforms, has told several […]
Michael Burry bets on CNN parent Warner Bros. Discovery, restaurant firms
Hedge fund manager Michael Burry, known for his prescient comments ahead of the 2008 U.S. housing market crash, is closing out put option positions in semiconductor stocks while also investing in Warner Bros. in the fourth quarter of 2023. The company said in a securities report released on Wednesday that it had purchased shares in […]
Temu’s Super Bowl ads spark backlash over China-based firm’s lack of forced labor protections
Congressman Young Kim (R-Calif.) is reacting to a new report alleging that U.S. investment firms are supporting the Chinese military and enabling human rights abuses. Fast-fashion retailer Tem’s Super Bowl ad drew ire from members of Congress over the China-based company’s ties to products made using forced labor in Xinjiang and its data-sharing policies. . […]
Wall Street firms hit with $81M in fines in latest WhatsApp, texting crackdown
A new group of Wall Street firms has agreed to pay more than $81 million in civil penalties to resolve Securities and Exchange Commission charges that they failed to meet record-keeping obligations, regulators announced Friday. Settlements with broker-dealers and investment advisers such as Oppenheimer and U.S. Bancorp are part of an SEC investigation into how […]
News Corp in ‘advanced’ talks with AI firms on content licensing deals, CEO says
News Corp., the media giant that owns the Post and the Wall Street Journal, is in “advanced” discussions with major artificial intelligence companies to license news content, a top company official has said. Ta. CEO Robert Thomson has been vocal in criticizing AI companies that effectively steal content from news organizations to train chatbots that […]
Top US firms that invested $3B in Chinese military, tech revealed by House panel investigation
US venture capital firms have reportedly sunk at least $3 billion into Chinese tech companies that have supported the Communist government, its military, and the ongoing genocide against Muslim Uyghurs in the Xinjiang region. thursday report From a bipartisan House committee. The House Select Committee on the Chinese Communist Party (CCP), led by Chairman Mike […]
How buyout firms are boosting profits despite a lack of deals
After a so-called “lost year” in which private equity volumes slumped amid soaring interest rates, buyout executives are making large sums of money, even if they are essentially just moving money around. is keen to leverage its capital. Entering a “continuation fund”: A method of rolling assets from one fund to another within the same […]