Business – Page 16 – PressClub World

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...

31. 7. 2022 No Responses

Miners Discover Largest Pink Diamond In 300 Years

Australian miner Lucapa Diamond Co. announced it had unearthed a 170-carat pink diamond, believed to be the largest recovered in centuries. Called the “Lulo Rose,” the 170-carat pink Type IIa diamond was discovered at the Lulo mine in Angola’...

14. 7. 2022 No Responses

Crypto DeFi Lender Celsius Files for Bankruptcy

Cryptocurrency lender Celsius Network Ltd. filed for Chapter 11 bankruptcy. Celsius – the latest casualty of a $2 Trillion crash that has wiped out some of the industry’s biggest idiots and exposed hundreds of thousands of individual investors to steep...

5. 7. 2022 No Responses

Crypto lender Vauld freezes withdrawals, eyes restructuring

Vauld, a crypto lender backed by U.S. based Coinbase Inc., said it froze withdrawals and hired advisers to explore a potential restructuring, joining rivals Celsius Network, Babel Finance etc. in resorting to last-ditch measures to survive the crypto market cr...