Business – Page 16 – PressClub World

23. 8. 2022 No Responses

Cineworld – The World’s Second-Largest Cinema Chain Confirms It Is Mulling Bankruptcy Filing in US

Cineworld Group PLC confirmed on Monday that it is considering filing for voluntary bankruptcy in the U.S. as well as associated proceedings in other regions. The London-based cinema company–which owns Regal Cinemas–was responding to recent press reports. On Friday the...

21. 8. 2022 No Responses

Banks to pay $1 Billion over traders’ use of WhatsApp

A handful of Wall Street banks are preparing to pay up to $200m each to settle a case with the Securities and Exchanges Commission (SEC) and the Commodity Futures Trading Commission (CFTC) over the use of WhatsApp messages. The banks...

19. 8. 2022 No Responses

KIA’s New EV Is Faster Than a Corvette

KIA unveiled the muscular version of its already fairly powerful EV6 electric car on Friday during Monterey Car Week, the largest auto show in the US The EV6 was already available with 320 horsepower in the GT-Line AWD, but the...

18. 8. 2022 No Responses

The 10 Biggest Military Spending Nations In The World

Military spending and technology has come under the spotlight as the world tracked Western arms shipments and watched how Iskanders, Kalibrs, HIMARS and other weaponry affected the conflict. But, as Visual Capitalist’s Niccolo Conte details here, devel...

17. 8. 2022 No Responses

North Korea fired two cruise missiles towards the sea

South Korea says it is investigating launches after it detected two missiles fired from the North’s west coast into the sea. North Korea has fired two cruise missiles into the sea, according to South Korean officials, in Pyongyang’s first weapons...

16. 8. 2022 No Responses

Three Arrows Founders Bought $50 Million Superyacht Called “Much Wow” Prior To Firm’s Collapse

The Crypto Geniuses Who Vaporized a Trillion Dollars The boat was a beauty of a thing: some 500 tons across 171 feet of glass and steel as white as Santorini. All rounded edges, the five decks — one with a glass-bottom...

15. 8. 2022 No Responses

Aramco’s Q2 net income surges to $48.4 billion

Saudi Arabia’s largely state-owned energy firm has highlighted the colossal profits made by gas and oil-rich nations during the energy crisis by revealing profits in the three months to the end of June up 90% to $48bn (£40bn). Saudi Aramco...

14. 8. 2022 No Responses

The faux “fact-checking” organizations are directly funded by Washington

Most of the fact-checking organizations Facebook has partnered with to monitor and regulate information about Ukraine are directly funded by the U.S. government, either through the U.S. Embassy or via the notorious National Endowment for Democracy (NED). In li...

10. 8. 2022 No Responses

Sam Bankman-Fried’s crypto firms had deep ties to bankrupt Voyager Digital

Sam Bankman-Fried became a crypto billionaire and one of the most famous players in the industry by building cryptocurrency exchange FTX. His company was pseudo-valued at $32 billion in January and currently has more than a million users. Voyager is a...

9. 8. 2022 No Responses

Ukraine halts Russian oil supply to EU

Ukraine’s state oil pipeline operator Ukrtransnafta has stopped pumping Russian crude through the southern branch of the Druzhba system to the EU, RIA Novosti news agency reported on Monday, citing Russia’s Transneft. According to the report, transit suppl...

7. 8. 2022 No Responses

Turkey Agrees To Pay For Russian Gas With Rubles

Turkey’s President Tayyip Erdogan and Russia’s President Vladimir Putin agreed on Friday to bolster cooperation after a four-hour meeting, a joint statement from the two nations has revealed as cited by Reuters. As part of the deal, which would increase...

4. 8. 2022 No Responses

Gazprom can’t accept Nord Stream 1 turbine

Western sanctions make it impossible to properly return a turbine for the Nord Stream 1 gas pipeline from Russia to Germany, Russian energy giant Gazprom claimed on Wednesday. The missing equipment has been the key reason for supply cuts. Siemens...

3. 8. 2022 No Responses

PayPal: $15 Billion buyback, new CFO

PayPal Holdings said on Tuesday Elliott Investment Management has an over $2 billion investment in the company, making the activist investor one of the largest shareholders in the fintech firm. The company also announced a slew of moves including appointing...

2. 8. 2022 No Responses

Retail broker Robinhood cutting workforce by 23%

Retail broker Robinhood CEO Vlad Tenev said Tuesday in a press release that the broker fintech company will reduce its workforce by approximately 23%. The layoffs will be primarily in operations, marketing and program management. In the release, Tenev blamed...

1. 8. 2022 No Responses

Stellantis Sentenced for Cheating Diesel Emissions in Jeeps and Rams

The company will pay $300 million in criminal charges, in addition to an earlier $500 million in civil penalties and class-action owner compensation. On Monday, the American arm of the company — what used to be FCA US — was...

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