DIRS.INFO The most relevant business & tech news

SummaryLaw Firms FTX founder allegedly misappropriated customer funds for European acquisitionFTX failed to find a buyer for the company in bankruptcy saleNEW YORK, July 13 (Reuters) - Bankrupt crypto exchange FTX sued insiders at FTX Europe AG late Wednesday, seeking to recover $323 million that FTX had invested in an ill-fated expansion into European crypto markets. After FTX filed for bankruptcy in November, it sought to sell FTX Europe, only to conclude that no buyer would offer meaningful value for the company, according to FTX. FTX acquired Digital Assets for nearly $400 million in three transactions in 2020 and 2021, hoping to obtain regulatory approvals and expand into European markets. FTX filed for bankruptcy protection in November, saying it was unable to completely repay customers who had deposited funds on its exchange. Prosecutors have charged Bankman-Fried, 31, with stealing billions of dollars in FTX customer funds to cover losses at its affiliated hedge fund Alameda Research.

Persons: FTX, Sam Bankman, Patrick Gruhn, Robin Matzke, Brandon Williams, Cosima Capital, Williams, Fried, Gruhn, Steven Holley, Stephen Ehrenberg, Brian Glueckstein, Christopher Dunne of Sullivan, Cromwell, Read, Clinton, Dietrich Knauth Organizations: FTX, AG, DA AG, Assets, Matzke, Gruhn, Prosecutors, Alameda Research, Trading, Bankruptcy, District of, Cromwell LLP, Thomson Locations: Zurich, Switzerland, Europe, Delaware, Matzke, Oregon, Alameda, U.S, District of Delaware

July 5 (Reuters) - Stellantis-LG Energy Solution (LGES) (STLAM.MI) will resume construction of an electric-vehicle battery plant in Canada after the federal government and province of Ontario increased subsidies for the C$5 billion ($3.7 billion) project. The companies said on Wednesday battery production at the plant in the city of Windsor in Ontario was now set to begin in 2024, creating some 2,500 new jobs and targeting annual production capacity over 45 gigawatt hours. Stellantis and LGES first announced their battery plant investment in March last year, but tensions emerged a few months later in August when the U.S. passed the IRA, which includes a massive package of clean-tech incentives for companies. In April, Canada agreed to provide up to C$13 billion in manufacturing tax credits and a C$700 million grant to lure German automaker Volkswagen AG to build its North American battery plant in the country. It was the biggest single investment ever in Canada's EV supply chain.

Persons: Stellantis, LGES, North America Mark Stewart, Francois, Philippe Champagne, Chrystia Freeland, Steve Scherer, Ismail Shakil, Costas Pitas, Caitlin Webber, Eric Beech, Sonali Paul Organizations: LG Energy, Canada, IRA, Federal, Provincial, North America, Industry, Volkswagen AG, Thomson Locations: Canada, Ontario, Windsor, Detroit, United States, U.S, Ottawa

☆ Ontario to offer more money for Stellantis to resume battery plant
▼ + stars: | 2023-05-19 | by ( Sam Jabri-Pickett | ) www.reuters.com time to read: +2 min

[1/2] Ontario's Premier Doug Ford and Canada's Prime Minister Justin Trudeau answer questions from the media at the Stellantis Research and Development Centre in Windsor, Ontario, Canada May 2, 2022. ... Read moreTORONTO, May 19 (Reuters) - Ontario Premier Doug Ford said on Friday that his government will put more money on the table to help carmaker Stellantis (STLAM.MI) resume its battery plant in Canada. Stellantis on Monday stopped construction at a C$5 billion ($3.7 billion) electric-vehicle battery plant in Canada, which is being built in partnership with South Korea's LG Energy Solution (LGES) (373220.KS), saying Canada has not fulfilled the promises. read moreStellantis and LGES announced their battery plant investment in March last year, but tensions emerged when the United States in August passed the Inflation Reduction Act (IRA), a massive package of clean-tech incentives for companies. Canada's federal government has argued that the province of Ontario, where the battery plant is being built, should pay its share to resolve the dispute.

☆ Canada has increased planned Stellantis battery factory support -minister
▼ + stars: | 2023-05-16 | by ( Steve Scherer | ) www.reuters.com time to read: +3 min

OTTAWA, May 16 (Reuters) - Canada has increased its planned support to carmaker Stellantis (STLAM.MI) to build a battery plant in Windsor, Ontario, the industry minister said on Tuesday, but it wants the Ontario provincial government to help pay for it. To break the "stalemate," it is important that Ontario "pay its fair share," Industry Minister Francois-Philippe Champagne told reporters at a news conference in Seoul. Stellantis on Monday stopped construction at a C$5 billion ($3.7 billion) electric-vehicle battery plant in Canada, which is being built in partnership with South Korea's LG Energy Solution (LGES) (373220.KS). Canada has not delivered what it already promised and there are no new talks under way, Stellantis spokesperson LouAnn Gosselin said. Prime Minister Justin Trudeau is also making an official visit to South Korea this week before heading to the G7 in Japan.

[1/2] Canadian Prime Minister Justin Trudeau addresses the media during a tour of the Stellantis Windsor Assembly Plant in Windsor, Ontario, Canada. REUTERS/Rebecca CookOTTAWA, May 15 (Reuters) - Automaker Stellantis (STLAM.MI) has stopped construction at a more-than C$5 billion ($3.7 billion) electric-vehicle battery plant in Canada amid talks with the federal and provincial governments about their support for the factory. "Effective immediately, all construction related to the battery module production on the Windsor site has stopped," the spokesperson said. However, some construction related to battery cell production continues, the spokesperson said. The Volkswagen battery gigafactory is the biggest single investment ever in the country's electric-vehicle supply chain.

☆ After growing GM corn for decades, some US farmers open to Mexican restrictions
▼ + stars: | 2023-04-06 | by ( Tom Polansek | ) www.reuters.com time to read: +5 min

"I'm all for free and fair trade," said Fred Huddlestun, who grows GM corn and soybeans in Yale, Illinois. Supporters of the policy say GM corn can contaminate Mexico's age-old native varieties and have questioned its impact on human health. NCGA said GM corn is safe and it will fight all illegal trade barriers for farmers. But many would consider growing more non-GM corn, if the price were right. "You need to make it worth my while," said Illinois farmer Dave Kestel, who grows GM corn and sells seed for Corteva.

Mexico published a presidential decree on genetically modified (GM) corn in late 2020, saying it would ban GM corn in the diets of Mexicans and end the use the herbicide glyphosate by Jan. 31, 2024. The new decree eliminated the deadline to ban GM corn for animal feed and industrial use, by far the bulk of its U.S. corn imports. The new plan bans only GM corn used for dough or tortillas but leaves the door open to gradually substituting GM corn for animal feed and industrial use in the future. Some sector experts have said they worry that Mexico's restriction on GM corn, if successful, could set a precedent, prompting other countries to take a similar approach and disrupting the global corn trade. Corn for human food use comprises about 21% of Mexico's corn imports from the U.S., according to a representative from the National Corn Growers Association, citing U.S. Grains Council data.

The country buys about 17 million tonnes of mostly GM yellow corn from the United States each year, mostly for animal feed. Mexico will still prohibit use of GM corn for human consumption, such as flour, dough, or tortilla made from the grain. About 20% of Mexican corn imports from the United States is white corn for food products. It will still move forward with its plan to ban imports of the herbicide glyphosate, with a transition period in effect until March 31, 2024. The United States had given the Mexican government until Tuesday to explain the science behind its proposed bans.

Former President Donald Trump has dropped the federal lawsuit he filed in Florida against New York Attorney General Letitia James. Trump's lawyers filed a notice of voluntary dismissal in the case before U.S. District Judge Donald Middlebrooks on Friday morning. The suit charged James — who's filed a $250 million lawsuit against Trump and his company in New York state court — has "repeatedly abused her position as Attorney General for the State of New York to pursue a vendetta against President Trump." Trump had made similar claims against James in state and federal court in New York, both of which were dismissed. "Mr. Trump is a prolific and sophisticated litigant who is repeatedly using the courts to seek revenge on political adversaries.

☆ Trump drops lawsuit against New York AG after judge in same case sanctions him almost $1 million
▼ + stars: | 2023-01-20 | by ( Dan Mangan | ) www.cnbc.com time to read: +1 min

Former President Donald Trump stands on the 18th green during the Pro-Am tournament before the LIV Golf series at Trump National Doral, Oct. 27, 2022. Former President Donald Trump on Friday morning voluntarily dropped a longshot federal lawsuit in Florida against New York's attorney general — a day after the same judge in the case sanctioned him and his lawyer nearly $1 million for filing another, "frivolous" lawsuit against Hillary Clinton and many other defendants. Middlebrooks ordered Trump, who is seeking the 2024 GOP presidential nomination, and his lawyer Alina Habba to pay Clinton and other defendants around $938,0000 for filing the suit that the judge previously dismissed. Trump's suit had accused Clinton and the others of conspiring to create a false narrative during the 2016 presidential election that his campaign was colluding with Russia. Middlebrooks in that order cited how Trump has responded in court in New York to James' years-long civil investigation of his company, the Trump Organization, as one of the multiple examples of "a pattern of abuse of the courts" by the Republican former president.

REUTERS/Eva Plevier/File PhotoWINNIPEG, Manitoba, Jan 11 (Reuters) - Netherlands-based Rabobank NA (RABOVR.UL) is aiming to grab 10-15% of the Canadian farm lending market within 15 years, as it aims to shake up a sector dominated by government and domestic banks, its new Canadian agricultural head told Reuters on Wednesday. It took Rabobank a decade before deciding to expand into Canadian farm lending, taking a methodical approach, Lieverse said. Rabobank expects Canadian farm lending to be profitable from the start and plans to announce hiring plans shortly, she said. Rabobank did not release its estimate of the value of the Canadian farm lending market, but government agency Statistics Canada pegged 2021 farm debt at a record-high C$129 billion ($96.1 billion), with chartered banks accounting for 37%. Farm Credit Canada, owned by the Canadian government, is the biggest agricultural lender, controlling a market share of about one-third, Lieverse said.

☆ Florida's attorney general says Americans from blue states are moving to the Sunshine State because it's tough on crime: 'It's not rocket science'
▼ + stars: | 2022-11-28 | by ( Isabella Zavarise | ) www.businessinsider.com time to read: +3 min

Florida AG Ashley Moody says Americans are moving to Florida because it's a law and order state. Americans have flocked to the Sunshine State largely due to its low taxes, and business-friendly policies, according to the state's CFO, Jimmy Patronis. Using data from the FBI's 2018 Uniform Crime Reporting Program, USA Today ranked states from lowest violent crime rate to highest. Florida ranked 21st with a violent crime rate of 384.9 per 100,000 people, while California — the most populous state — ranked 14th with a violent crime rate of 447.4 per 100,000 people, according to the news outlet. New York was 25th on the list with a violent crime rate of 350.5 per 100,000 people.

WisconsinDemocrats see Republican Sen. Ron Johnson as a vulnerable incumbent. Barnes has espoused progressive views in office, but his Senate campaign has focused more on pocketbook issues such as inflation and taxes. Vance appears locked in a tight Senate race against Democratic Rep. Tim Ryan, despite running in a red-leaning state that Trump won handily in 2020. Incumbent Democratic Sen. Maggie Hassan's approval ratings have fallen, including among unaffiliated voters who make up a major chunk of the state's electorate. FloridaFormer Orlando police chief and Democratic Rep. Val Demings aims to unseat incumbent Republican Sen. Marco Rubio.

☆ Horoscop 5 iulie 2021: Vărsătorii se simt împliniți
▼ + stars: | 2021-07-05 | by ( ) www.jurnal.md time to read: +6 min

Sursa foto: AFPHoroscop 5 iulie 2021: Vărsătorii se simt împlinițiHoroscopul zilei de 5 iulie 2021 a pregătit multe momente frumoase pentru nativii din zodia Vărsătorului. BerbecȚi-ai setat câteva obiective pe termen lung și ești mai motivată ca niciodată să te ții de ele. S-ar putea să ai parte de o surpriză plăcută din partea partenerului în a doua parte a zilei. De altfel, s-ar putea ca sursa nemulțumirilor tale să provină dintr-un lucru care are legătură strict cu tine, nu cu relația actuală. Neptun, planeta ta guvernantă, te va veghea și va avea grijă să te simți fericită și împlinită.

Persons: Berbec, Fecioară Organizations: Gemeni, Saturn, Neptun Locations: Taur, ferești

☆ VIDEO/ Tirada agresivă a unui candidat la funcția de deputat în timpul unei dezbateri electorale: aspirantul la fotoliul de parlamentar s-a dezlănțuit și a aruncat replici tăioase, insulte... și o sti
▼ + stars: | 2021-06-29 | by ( ) www.zdg.md time to read: +3 min

Deși a fost rugat de către gazda emisiunii să se liniștească, Kalinin a continuat să insulte verbal atât prezentatoarea, cât și invitații. Moderatoarea: „Domnule Kalinin, vă rog să vă liniștiți”. Moderatoarea: „Domnule Kalinin, nu vorbiți la per tu cu mine, liniștiți-vă vă rog frumos”. „Domnule Kalinin, nu ați plătit dumneavoastră aceste panouri ca să aruncați cu sticla în ele. Dacă nu vă puteți comporta civilizat, vă rog să părăsiți studioul”, a menționat prezentatoarea.

Persons: Alexandr Kalinin, Kalinin, Lorena Bogza, Kalinin Alexandr Organizations: Partidului Regiunilor, Moldovenești, Moscovei, Naționalităților Locations: Kalinin, Moscova, Federației Ruse, Moscovei, Naționalităților

☆ Horoscop 2 iunie 2021: Momente tensionate pentru unele zodii
▼ + stars: | 2021-06-02 | by ( ) www.jurnal.md time to read: +8 min

Sursa foto: observatornews.roHoroscop 2 iunie 2021: Momente tensionate pentru unele zodiiAstăzi pot apărea tensiuni pentru unele zodii și este recomandat să tratați cu calm și răbdare orice fel de neînțelegere. Venus traversează în această perioadă zodia Racilor și se apropie tot mai mult de a V-a ta casă, a relațiilor conjugale. BalanțăHoroscopul zilei de 2 iunie 2021 anunță că nativii din zodia Balanței vor atinge echilibrul dorit pe parcursul dimineții. Venus, planeta ta guvernantă, te va ghida pe tot parcursul săptămânii și îți va da energia de care ai nevoie în momentele solicitante. Astrele nu te vor dezamăgi și îți vor aduce toată iubirea pe care o meriți.

Persons: Venus, Jupiter, Scorpion, Uranus Organizations: Gemeni, Pluto

☆ Horoscop 28 Mai 2021: Zodia care încheie săptămâna în glorie
▼ + stars: | 2021-05-28 | by ( ) www.jurnal.md time to read: +7 min

Sursa foto: AFPHoroscop 28 Mai 2021: Zodia care încheie săptămâna în glorieBerbecii simt nevoia unei pauze, Racii sunt foarte mulțumiți de noul loc de muncă, iar Scorpionii doresc să își îmbunătățească abilitățile și cunoștințele. Astfel, vei reuși pe parcursul zilei să îți recapeți energia. GemeniAi lăsat o sarcină foarte importantă pe ultima sută de metri crezând că o vei putea rezolva foarte rapid. Îți dorești să participi la această cină, de aceea îți vei da toată silința să termini cât mai repede posibil. Îți vei da toată silința pentru a-ți îndeplini sarcinile la cel mai înalt nivel și chiar vei reuși acest lucru.

Persons: Fecioară, Vărsător Organizations: Gemeni

☆ Tragediile anului 2020. Incendii, accidente rutiere și incidente care au lăsat în urmă o listă cu zeci de morți și pierderi materiale de milioane de lei
▼ + stars: | 2021-01-06 | by ( Publika.Md - Aici Sunt Știrile | ) www.publika.md time to read: +11 min

Suspecta de 21 de ani a fost reținută la scurt timp după comiterea crimei, iar ulterior plasată în arest preventiv pentru 30 de zile. Eu totdeauna o văd în fotografii.”, a spus mama tânărului, Angela Liurca.Poliţia, însă, l-a reţinut la scurt timp pe suspect. Acesta s-a dovedit a fi soţul femeii cu care se afla în proces de divorţ și a produs accidentul intenționat. Cel care circula regulamentar a fost scos din flăcări de un echipaj al poliției de frontieră, care se afla în preajmă și a fost transportat la spital cu diverse traumatisme. ", a spus mama copilului abandonat.După ce a fost externat, bebelușul a rămas în grija mamei.

Persons: Ion Budeci, Angela Liurca.Poliţia, suspectul, El, Ştefan, Mare, . Tu, Individul, neregulamentară, Rotari, Valentina Repesniuc.Şi, Serghei, Fulger, Igor Zglavuţa, Alexandru, astaBebelușul Organizations: Luna, Securitate Locations: Chișinău, Strășeni, Capitalei, Ismail, Racovăț, Rusia, Europa, sugarul, Hâncești, carabinieri

☆ Ultimele date al IGP: Fiecare secție de votare, păzită de polițiști
▼ + stars: | 2020-11-01 | by ( ) agora.md time to read: +3 min

Pentru a păstra ordinea publice, la finalul zilei lângă fiecare secţie de votare se vor afla câțiva polițiști care „vor asigura deplasarea documentației electorale și a buletinelor de vot către circumscripțiile electorale”. Acesta a mai precizat că toate cele 2.004 de secții de votare au fost monitorizare de peste 6.000 de angajați ai poliției. E vorba despre blocarea intenționată a secției de votare și acțiuni de huliganism admise în timpul unor altercații care au apărut între protestatari la Varnița. În ambele cazuri oamenii legii urmează să decidă stabilirea faptelor și propuneri spre calificare juridică. Însă calificare o vor da agenții constatatori care examinează aceste cazuri”, a mai precizat șeful adjunct al IGP.

Persons: Maxian, ., Chirtoacă Organizations: CEC, 19 în Centru, Dubăsari, Căușeni Locations: Nord, Sud, Chișinău, Florești, Dubăsari, bender, Căușeni, AGORA

Search resuls for: "DA AG"

19 mentions found