SPACs and fraud: A bug or a feature? Trevor Milton, the founder of Nikola, is one of the most high-profile figures at the center of the boom in SPAC deals. Yesterday he was hit with criminal and civil charges by the U.S. attorney’s office in Manhattan and the S.E.C. The prosecutors accuse Milton of misleading investors about the technology for […]
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The University of Pennsylvania recently announced a $5 million gift to Wharton, its business school. The donation was not one of its largest, but the university announced the gift with the type of fanfare it usually lavishes on gifts many times its size. What gives? The gift, from an anonymous donor, was in Bitcoin. The announcement, therefore, was a trial […]
Read moreHONOLULU — If you’re homeless and looking for temporary shelter in Hawaii’s capital, expect a visit from a robotic police dog that will scan your eye to make sure you don’t have a fever. That’s just one of the ways public safety agencies are starting to use Spot, the best-known of a new commercial category of robots that trot around […]
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It comes shortly after intense rainfall and flooding wreaked devastation across parts of western Europe earlier this month. Germany and Belgium were the worst-hit countries by the extreme rainfall on July 14 and July 15, with authorities reporting more than 200 people to have died as floods engulfed entire villages. "I don't want to compare [to other countries], but if […]
Read moreTong Ying-kit, 24, was convicted of inciting secession and terrorism for driving his motorcycle into a group of police officers at a July 1, 2020, rally. He carried a flag bearing the banned slogan, "Liberate Hong Kong, revolution of our times." A pro-democracy protester was sentenced Friday to nine years in prison in the closely watched first case under Hong […]
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North Korea's economy suffered its biggest contraction in 23 years in 2020 as it was battered by continued U.N. sanctions, Covid-19 lockdown measures and bad weather, South Korea's central bank said on Friday. Gross domestic product in the isolated economy contracted 4.5% last year in real terms, the Bank of Korea said on Friday, the worst since 1997 and reversing […]
Read moreTOKYO (REUTERS) – Nomura Holdings, Japan’s biggest brokerage and investment bank, on Friday (July 30) reported a 66 per cent drop in first-quarter net profit due to a slowdown in the trading business and a previously flagged loss from the Archegos debacle. April-June profit came in at 48.5 billion yen (S$599 million) versus 142.5 billion yen a year earlier, when […]
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The measure bans government agencies from making individuals get vaccinated or provide proof of vaccination. Abbott incorporated an executive order he first implemented on May 18, which forbade local governments and school districts from issuing mask mandates. The order also emphasizes the removal of all public health limits on Texas businesses, encouraging the use of masks in areas with elevated […]
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As more people awake to the harsh reality that single-use plastic is a major contributor to global pollution, companies that finance its production and distribution are facing increasing pressure to divest from these businesses. This pressure isn’t coming just from tree-hugging environmentalists. Individual activist investors, university pension funds, and other stake-holders are reviewing their holdings and drawing links between return-on-investment […]
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