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Eric Schmidt backed out of buying the Alfa Nero megayacht last year. The ship — one of the biggest yachts owned by a tech billionaire —was listed for about $161 million. AdvertisementLast year, Eric Schmidt made waves in the yachting community when news came out that he was the soon-to-be owner of the Alfa Nero, an 81-meter megayacht that belonged to a sanctioned Russian oligarch. But as the sale proceedings went on, legal challenges piled up as people laid claim to Alfa Nero, and Schmidt backed out of the deal. In September 2023, just three months after he won the Alfa Nero auction, the billionaire purchased Kismet, renaming her Whisper, Business Insider has learned.
Persons: Eric Schmidt, Alfa Nero megayacht, Shahid Khan, , Alfa Nero, Schmidt, Marcus Brandt, Shahid Khan — Organizations: Alfa, Service, Google, Bloomberg, Getty, Jacksonville Locations: Russian, Antigua, Barbuda, Russia, Ukraine, Caribbean
Pakistan's embattled former Prime Minister Imran Khan was hit with a fresh 14-year jail sentence on Wednesday after a state court found him guilty of graft, just one day after being handed a 10-year term on a conviction of leaking state secrets. His wife Bushra Bibi was also sentenced to a 14-year jail term for graft; the case implicating the couple involved the illegal sale of state gifts for profit while Khan was in office. Previously, many political analysts saw him as the likely winner of Pakistan's upcoming general election on Feb. 8. A towering figure in Pakistani politics for decades, Khan — along with his supporters — says the charges and arrests are politically motivated. It is not clear whether the 10 and 14-year-sentences will be served consecutively or concurrently, though some media reports say the terms will be concurrent.
Persons: Imran Khan, Bushra Bibi, Khan, Khan —, Organizations: Pakistan, Bureau
Federal Trade Commission (FTC) Chair Lina Khan testifies before a House Judiciary Committee hearing on "Oversight of the Federal Trade Commission," on Capitol Hill in Washington, July 13, 2023. In Lina Khan's two years helming the Federal Trade Commission, her name has been most associated with one company: Amazon . So far, that's largely been because of her viral Yale Law Journal article from 2017, titled "Amazon's Antitrust Paradox." The article made Khan's name ubiquitous in antitrust circles and helped launch her on a path to becoming the youngest-ever FTC chair. That lawsuit is now expected to come as soon as this month, The Wall Street Journal and Bloomberg reported this week.
Persons: Lina Khan, Lina Khan's, Meta, Khan Organizations: Federal Trade Commission, Yale, FTC, Amazon's, Street Journal, Bloomberg, Amazon, CNBC, Journal, YouTube Locations: Washington, Arlington , Virginia
UBS sought to reassure investors that the Credit Suisse deal wouldn't disrupt long-term strategy. UBS agreed to acquire Credit Suisse on Sunday in a deal arranged by the Swiss government. Credit Suisse has faced crisis after crisis in recent years, from Archegos to a spying scandal. "These events could alter the course of not only European banking but also the wealth management industry more generally," Georgiou said. "It's an outcome that we may not have hoped for," Hamers said of the Credit Suisse deal.
Party official Asad Umar says Khan was wounded in the foot and was not seriously hurt. Khan with later seen with a bandage on his right leg, just above the foot, according to reports and a blurry image. An unspecified number of supporters from his Tehreek-e-Insaf party who were part of the march were also wounded, according to the announcement from the party. The attack happened less than a week after Khan began his march from Lahore, the capital of Punjab province, along with thousands of supporters. Earlier, Fawad Chaudhry, a senior leader in Khan’s party, had said they plan to enter Islamabad on Friday.
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