Corporate news, financial markets, and economic trends
A global ‘Whistle-Up’ will be organized from noon on 1st January, 2025 to celebrate the bicentenary of the birth of the modern railway. Organised by Heritage Railway Association with more than 50 heritage railways participating with some 200 locomotives globally, people are being asked to tweet their events and honk their horns or sound their…
Two California residents have been charged with defrauding cryptocurrency investors of about $22 million in the largest NFT fraud case ever tried. In what authorities claim is the largest non-fungible token (NFT) fraud scheme ever prosecuted, two Californians are charged in a landmark case with defrauding cryptocurrency investors out of over $22 million. Defendants and…
Party City has declared that it plans to liquidate all of its 700 locations nationwide as its financial troubles worsen and has filed for Chapter 11 bankruptcy protection for the second time in two years. For the second time in two years, Party City Holdco Inc., the largest party supply store, filed for Chapter 11…
In response to such comments from the FCA pertaining to Consumer Composite Investments by the Association of British Insurers, they respond, “Laws are going to have to get rebalanced if laws were to protect the customers from these new investment structures in a way that enables an innovative market. Associates of British insurers viewed as…
Platform technologies for new electric vehicles and renewable energy storage battery production have gained much momentum in recent funding exercises undertaken by the government and the private sectors. The pressure from the widespread adoption of electric vehicles and renewable energy storage around the world has led to an urgent quest for innovative battery manufacturing technologies….
Analyze the current state of the eurozone economy in terms of recent trends of expansion, inflation management, and monetary policy adjustments by the European Central Bank as of December 19, 2024. The eurozone economy is currently at a challenging state with minimal inflation, slowing growth, and significant monetary policy shifts by the European Central Bank….
After the departure of its former leader, the UK Gambling Commission nominated an interim chair to show its continued commitment to regulatory control in the gambling sector. Following the recent retirement of its previous leader, the UK Gambling Commission has announced the selection of an interim chair. This step indicates that the Commission will maintain…
Consumer prices in the United States rose 2.7% from November 2023 to November 2024, the largest annual gain in seven months, mainly because of housing and food. The U.S. Consumer Price Index (CPI) increased 2.7% between November 2023 and November 2024. It marked the largest annual gain in seven months. Citeturn0news14 This reflects persistent inflationary…
The country has finalized Clean Electricity Regulations that balance pursuit of environmental objectives with concerns regarding the reliability and economic feasibility of its system, thereby putting its target date for attaining a net-zero electrical grid back ten years until 2050 from an earlier goal date of 2035. By finalizing its Clean Electricity Regulations and shifting…
Under the Marketing Assistance for Specialty Crops program, the U.S. Department of Agriculture announced critical financial support for farmers of specialty crops. Through the USDA marketing assistance worth up to $2 billion, specialty crop producers now have an opportunity to expand new markets and balance increasing costs. Apply by January 8, 2025. This program, through…
