FTX to use $16.5b in assets to repay 98% of customers in a model case of Chapter11 bankruptcy.
On Monday, the court approved FTX’s bankruptcy plan, enabling it to use the $16.5 billion in assets it has collected since the fall of the
Nigeria’s lithium boom is driven by Chinese merchants, illegal mines, and child labor.
Six-year-old Juliet Samaniya, wearing a worn pink dress, squats under blazing sun to use a stone tool to chip away at a sharp white rock.
Warren Buffett’s US toymakers given the nod to sue China’s Alibaba for the sale of allegedly fake Squishmallows.
A New York judge has ruled that Alibaba must respond to a case brought by a US toymaker who claims the Chinese e-commerce behemoth's internet
The US spent $17.9b in unprecedented military support to Israel since the Gaza war began.
A report for Brown University’s Costs of War project was released on the anniversary of Hamas’ attacks on Israel. It states that since the war
Blackstone’s new Asia PE fund will raise at least $10b and focus on India.
The largest alternative asset manager in the world, Blackstone Inc., has begun to raise its third private equity (PE) fund with an emphasis on Asia,
Solar powers Africa with providers making brisk businesses, where 600m still lack electricity.
On a continent whose governments have long battled to solve some of the worst infrastructure in the world and the challenges of climate change, companies
Meta AI Movie Gen that creates audio-rich video to rival OpenAI and ElevenLabs.
The owners of Facebook, Meta said on Friday that it has developed a new artificial intelligence model called Movie Gen. It claims that this model
ChatGPT maker OpenAI raises $6.6b fresh funds as it departs from its nonprofit foundation.
The maker of ChatGPT, OpenAI, announced on Wednesday that it raised $6.6 billion in venture capital investments, marking a larger departure from its nonprofit beginnings.
IOC’s Japanese sponsors Toyota, Bridgestone, and Panasonic terminate contracts.
The three main Japanese sponsors of the International Olympic Committee, Toyota, Panasonic, and Bridgestone, are ending their relationships. Due to this, the IOC is now
Equinix JV to raise $15b to build U.S. “hyperscale” data center infrastructure.
Equinix, a data center business, announced on Tuesday that it is launching a joint venture with GIC, a sovereign wealth fund in Singapore, and the
World Bank grants Nigeria a $1.57b loan to tackle out-of-school children, health and power.
As part of a new initiative to assist Nigeria’s health and education sectors and contribute to the country’s sustainable energy supply, the World Bank authorized
The 3 largest U.S. oil companies disclose payments of $42b to foreign governments in 2023.
Regulatory filings last year reveal that the three biggest U.S. energy exploration companies paid foreign governments about $42 billion, nearly eight times the amount they
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