FTX’s Legal Bills Show Progress on Exploring a Crypto Exchange Reboot
(Bloomberg) — Whether FTX’s new chief executive officer actually pushes forward with an effort to restart the bankrupt crypto exchange, its lawyers are billing it for the job.
Bloomberg Business
JPMorgan and H&M Join Big Tech’s Carbon Removal Effort
Effort to tackle climate change attracts commitments even as economic outlook darkens
Goldman Strategists See More Stock Volatility as Risks Mount
Sanguine stock investors are at risk of being rocked by volatility during the rest of 2023 as concerns about a recession intensify, Goldman Sachs Group Inc. strategists say.
Warren Buffett Says Norfolk Southern Handled Train Derailment Poorly
Warren Buffett said Norfolk Southern Corp. did a poor job in the aftermath of its February train derailment in Ohio.
Adler Wins €6 Billion Debt Revamp Despite Opposition
Adler Group SA won approval to restructure €6 billion euros ($6.6 billion) of debts by a London judge, despite opposition from some of its creditors including DWS Group and Strategic Value Partners.
Swiss Parliament Nears Deal on UBS Guarantees as MPs Change Vote
Swiss parliament is approaching a deal to push through government guarantees for UBS Group AG’s takeover of Credit Suisse Group AG after a upper houses compromise was met with approval in the lower chamber.
Trucks Crossing Europe’s Busiest Alpine Pass May Need to Reserve
Truckers hauling goods between German and Italy through the Austrian Alps may soon need to book a reservation, after officials agreed to regulate queues and manage the environmental impact of traffic clogging the Brenner Pass, Europe’s busiest mountain corridor.
France Seeks Domestic Buyer for Nuclear-Submarine Parts Supplier
The French government is seeking a buyer for nuclear-submarine parts supplier Segault SAS to bring what it sees as a key technology into domestic hands, people familiar with the matter said.
Adani’s Utility to Supply Mostly Green Power to Mumbai by 2027
Adani Electricity Mumbai Ltd., a closely held utility of Adani Transmission Ltd., said it’s on course to procure as much as 60% of its power supply from renewable sources by 2027, reiterating the Indian conglomerate’s broader commitment to deploy and produce more green energy.
Crypto VC Funding Plunges by 80% in Dire Quarter for Startups
Global venture funding for cryptocurrency-related companies has hit its lowest level in two years.
