Bitget, a cryptocurrency exchange located in Seychelles, has established a fund with the goal of investing $100 million in Web3 firms at a time when Asian nations are building a framework for growing Web3. In the past few months, governments in East Asia have been making moves to encourage cryptocurrency, with Hong Kong potentially lowering … Read more
Wednesday, Consumers Energy announced its intention to install 123 automatic transfer reclosers, or ATRs, in an effort to prevent power outages and enhance electric reliability. According to Consumers Energy, ATRs are technologies that seek to isolate problems on electric lines and transfer power automatically to enhance public safety and reduce the number of customers affected … Read more
Twitter’s stormy voyage continues, with the microblogging platform potentially facing tens of billions of euros in penalties in Germany for neglecting to remove hate speech posts. More than 600 cases involving hate speech on Twitter are pending before German courts, according to a report by Techcrunch. This week, Germany announced an investigation into “suspected systemic … Read more
Small companies help developing nations like India prosper. It boosts GDP and creates many jobs. These companies need reliable funding throughout their lifespans. They struggled to get credit. Financial institutions have neglected small enterprises despite their expansion. The IFC found that formal financing satisfied just 15% of small enterprises’ credit needs. Many small companies miss … Read more
The ClearBridge Energy MLP Opportunity Fund Inc. (NYSE: EMO) is a closed-end equity vehicle. The vehicle targets a high total return with a concentration on cash distributions by investing in MLP equity. Similar to other CEFs in the MLP space, this fund experienced a significant drawdown during the Covid crisis and never recovered. Investors voted … Read more
Uber CEO Dara Khosrowshahi disclosed to The Wall Street Journal that he spent several months posing as an Uber driver and delivery agent in order to better understand and resolve their issues. Beginning in September 2021, Khosrowshahi spent months in San Francisco transporting passengers and delivering UberEats orders. During his time as an undercover Uber … Read more
In order to increase its revenue base, the upcoming Noida International Airport at Jewar in Greater Noida will include an aero city similar to those at the airports in Delhi and Hyderabad. Christoph Schnellmann, the chief executive officer of Noida Airport, told Fe that the 172-acre aero city will include hotels, restaurants, nightclubs, retail centres, … Read more
ETF Managers Group LLC decreased its holdings in shares of Coeur Mining, Inc. (NYSE:CDE) by 3.8% during the fourth quarter. According to SEC filings, the institutional investor sold 127,836 Coeur Mining shares, bringing its total number of shares to 3,209,595 and reducing its stake in the mining company to 1.09%. The four business segments of … Read more
Titan All of the company’s core businesses grew by double digits, and the company’s revenues grew by 25% year-over-year thanks to greater growth contributions from watches and wearables and nascent businesses. The base quarter of Q4FY22 was negatively impacted by partial lockdowns caused by the Omicron wave and feeble consumer sentiments resulting from a fragile … Read more
The German Federal Office of Justice (BfJ) has initiated legal action against Twitter, alleging that the company neglected to adequately deal with illicit content. The NetzDG requires social media companies with more than two million registered users in Germany to respond to user reports of prohibited content and remove it. This must be accomplished within … Read more