Archegos Founder Bill Hwang Sentenced to 18 Years in Prison
His firm’s collapse wiped $100 billion in market value, prosecutors said. Source link
Deepfakes of Elon Musk are contributing to billions of dollars in fraud losses in the U.S.
Deepfakes of Elon Musk contribute to billions in fraud losses in the U.S. Deepfakes of Elon Musk contribute to billions in fraud losses in the U.S. 05:31 She first saw the ad on Facebook. And then again on TikTok. After seeing what appeared to be Elon Musk offering an investment opportunity over and over again, Heidi … Read more
Allianz Commercial UK boss Côté departs to join RSA in new CEO role
Allianz Commercial managing director UK Nadia Côté has left the insurer to join RSA as CEO Europe. She only assumed the Allianz Commercial role in May 2023, after the new trading arm was created featuring an integrated approach for Allianz Global Corporate & Specialty and mid-sized country-based accounts. An Allianz spokesperson said: “We can confirm … Read more
FY25 capex may ‘undershoot,’ but GDP growth projection intact: DEA secretary
The government’s FY25 capex target of ₹11.11 lakh crore may see some undershooting, but spending will still surpass last year’s ₹9.5-lakh crore outlay, said Ajay Seth, Secretary of the Department of Economic Affairs (DEA), in a conversation with CNBC-TV18. During a panel discussion at FICCI’s 97th AGM and Annual Convention, Seth emphasised the government’s commitment … Read more
With tariffs in mind, Donald Trump picks Howard Lutnick as commerce secretary
US President-elect Donald Trump has picked Cantor Fitzgerald CEO Howard Lutnick to lead the Department of Commerce. The businessman and long-time friend of Trump’s is slated to lead the incoming administration’s efforts to implement wide-ranging tariffs on goods entering the United States, in a bid to boost local manufacturing. Also in this edition: we bring … Read more