A California man falsely claimed to be an MIT-trained physicist who worked on secret government projects to raise $26 million for supposed battery technology and cancer-research startups, the SEC said in a fraud lawsuit.
Investors will flock to funds focusing on buzzy themes when the Federal Reserve cuts interest rates, according to Cathie Wood, who is doubling down on innovative investment strategies with a new acquisition.
Adler Group SA has extended the deadline for its planned €191 million ($204 million) bond sale, giving itself 10 more days to attract investors despite dangling a 21% interest rate to lure prospective buyers.
Italy’s competition authority has opened a probe into Ryanair Holdings Plc’s market position in the country, further escalating tensions between the Irish budget carrier and Prime Minister Giorgia Meloni’s government.
Polish President Andrzej Duda laid into Ukraine’s Volodymyr Zelenskiy over a dispute about imported grain in comments that threaten to wreck an alliance that’s been central to Kyiv’s push to repel Russia’s invasion.
Shell Plc has been forced to halt a unit at Europe’s biggest oil refinery, potentially curbing supply of diesel in a tight market.
Prime Minister Rishi Sunak said he would roll back some green-energy policies without abandoning the UK’s carbon goal, opening rifts within his Conservative Party and adding new uncertainty for companies that have invested based on those targets.
Traders are betting on an imminent end to the Bank of England’s string of interest-rate increases after inflation unexpectedly slowed to the lowest level in 18 months.
Bank of America Corp.’s chief financial officer said prospects for a US recession are getting dimmer amid robust consumer spending.
The world’s biggest coal producer, state-owned Coal India Ltd., is facing a potential three-day strike across its core and subsidiary units, according to a stock exchange filing, prompting fears of supply disruptions across the country.
