The SEC is looking into B. Riley’s loan to its founder and ties to the bankrupt Franchise Group SEC Investigates B. Riley’s Loan to Founder Amid Franchise Group Issues Los Angeles: So, B. Riley Financial is in hot water with the SEC. They’re digging into a loan that the company’s chairman, Bryant Riley, took out.…
Yuriy Butsa advises caution to investors betting on quick resolutions due to Trump’s potential return Ukraine’s Debt Chief Butsa Warns Bondholders About Trump Trade Speculations Vienna: So, Ukraine’s debt chief, Yuriy Butsa, is sounding the alarm for bondholders. He’s saying it’s risky to think that everything will magically get better if Trump comes back to…
Cocoa futures climbed after Lindt’s impressive sales growth showed strong demand despite high prices Cocoa Prices Rise as Lindt Reports Strong Sales Amid Demand Resilience New York: Cocoa futures are on the rise after Lindt & Spruengli AG shared some great sales numbers. It looks like demand is holding strong, even with prices hitting record…
London’s AI start-ups saw a remarkable $3.5 billion in funding last year, solidifying their position as leaders in Europe. London AI Start-ups Achieve Record $3.5 Billion in Venture Capital Funding London: Last year was a big one for AI start-ups in London. They raised a whopping $3.5 billion in venture capital, which is a record…
Country Garden Holdings faces a staggering loss as it navigates a tough housing market and debt restructuring in China Country Garden Reports Record Loss Amid Ongoing China Housing Crisis Shenzhen: Country Garden Holdings is really feeling the heat. They just reported a record loss of 178.4 billion yuan, which is about $24.3 billion. That’s a…
Wholesale inflation in the US eased in December, driven by falling food prices and stable service costs, easing inflation worries. US Wholesale Inflation Drops Unexpectedly Thanks to Lower Food Prices Washington: So, it turns out that US wholesale inflation took a bit of a breather in December. This was mainly because food prices dropped, which…
Further Ventures invests in Dfns to enhance crypto wallet technology for financial firms Abu Dhabi-Backed VC Firm Invests $16 Million in Crypto Startup Dfns Paris: So, here’s the scoop. Further Ventures, which is backed by Abu Dhabi’s ADQ, just dropped $16 million into Dfns, a crypto wallet tech company. This investment comes as the digital…
Kaja Kallas emphasizes the need for joint debt to enhance EU defense spending against Russia EU Diplomat Urges Bloc to Strengthen Economic Pressure on Russia Brussels: Kaja Kallas, the EU’s top diplomat, is pushing for the bloc to consider raising joint debt. This move aims to fund increased defense spending against Russia. She believes that…
Donald Trump will speak online at the Davos meeting shortly after his inauguration as US president, focusing on his policy priorities. Trump to Address Global Elite at Davos Meeting Next Week Online Washington: So, guess what? Donald Trump is set to speak online at the World Economic Forum in Davos next week, right after he…
Innocent Drinks has reduced its pre-tax loss significantly after a tough year, showing improved turnover and employment numbers. Innocent Drinks Cuts Losses After Navigating a Tough Year London: Innocent Drinks is making a comeback after a rough patch. They’ve managed to cut their pre-tax loss down to £39 million for 2023, which is a big…
