Two lawyers stand to win as much as $3 billion in a legal battle over one of the biggest known arbitration awards but their careers are at stake if a crucial London verdict goes against them.
Barclays Plc paid Jes Staley £107,000 ($129,427) to cover the cost of his move back to the US after he stepped down as boss of the lender following criticism of his disclosure of ties to the late pedophile financier Jeffrey Epstein.
Tesla Inc. will open part of its US charging network to other companies’ EVs as the White House and billionaire Elon Musk look to improve ties.
Barclays Plc docked its 2022 bonus pool by about £500 million ($604 million) over a pair of scandals, with staffers involved in the blunders feeling the brunt of the cuts.
Anchorage Capital Group has forced the liquidation of five credit lines backed by BirchLane Capital, the London-based hedge fund that got caught out by the rise in interest rates and selloff in risky assets.
China has ramped up its oil purchases as an expected recovery in the nation’s crude consumption gathers pace following the end of its strict Covid Zero policy, boosting optimism in the outlook for global demand.
Anglo American Platinum Ltd.’s first female chief executive officer, Natascha Viljoen, resigned after three years at the helm to join Newmont Corp., the world’s No. 1 gold miner.
The International Energy Agency boosted forecasts for global oil demand as China reopens its economy following years of anti-Covid lockdowns.
Nomura Holdings Inc.’s digital asset arm Laser Digital is investing in Infinity, a decentralized finance protocol for institutional lending and borrowing.
This company collects used fat from Chengdu restaurants and exports it to makers of sustainable jet fuel.
