Alex Mashinsky, the founder and former CEO of cryptocurrency lender Celsius Network, has pleaded guilty in the United States to two counts of fraud.Mashinsky, 59, was indicted on July 13,…
Category: Business News
UK: Theives stole van that contained 2,500 pies
A stolen van that contained 2,500 pies has been found by police, a Michelin-starred chef has confirmed. Tommy Banks, who runs award-winning restaurants in North Yorkshire, said the van had…
USA: Uber probed by US regulator over subscription plan
Uber is facing an investigation by the US Federal Trade Commission (FTC) into its flagship subscription plan, the company has said. As first reported by Bloomberg, the US consumer watchdog…
UK: Jaguar’s new concept car divides opinion
Luxury car maker Jaguar has unveiled its new electric concept car and, like a recent controversial teaser video, it has divided opinion. Some on social media said the new Type…
USA: Musk’s record $56bn pay deal rejected for second time
Tesla chief executive Elon Musk’s record-breaking $56bn (£47bn) pay award will not be reinstated, a judge has ruled. The decision in the Delaware court comes after months of legal wrangling…
Vietnam: Tycoon loses death row appeal over world’s biggest bank fraud
Vietnamese property tycoon Truong My Lan has lost her appeal against her death sentence for masterminding the world’s biggest bank fraud. The 68-year-old is now in a race for her…
Norway: Authorities suspend controversial deep-sea mining plan
Norway has paused its controversial project to open up its seabed for commercial-scale deep-sea mining.Oslo had planned to let companies apply to mine 280,000 sq km (108,000 sq miles) of…
USA: Software giant Adobe accused of ‘trapping customers’
The US government has sued software giant Adobe, accusing it of violating consumer protection laws with “hidden” termination fees and a convoluted cancellation process. The Federal Trade Commission (FTC) said…
UK: CEO of Stellantis (Jeep, Peugeot and Chrysler brands owner) abruptly quits in boardroom clash
The boss of car making giant Stellantis, Carlos Tavares, Stellantis, Carlos Tavares, has quit with immediate effect following a boardroom clash. His abrupt exit from the company – which owns…
USA: Trump threatens 100% tariff on Brics nations if they try to replace dollar
US President-elect Donald Trump has threatened to impose 100% tariffs on a bloc of nine nations if they were to create a rival currency to the US dollar. “The idea…