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☆ Where Are People Going This Year?
▼ + stars: | 2024-01-18 | by ( Ceylan Yeginsu | More About Ceylan Yeginsu | ) www.nytimes.com time to read: 1 min

London, Rome, Tokyo, Cancún and Las Vegas, some of the most visited destinations in 2023, are still among the top places travelers are searching to go to this year, according to the travel sites Kayak and Hopper. Beach destinations like the Cayman Islands and French Polynesia are also trending destinations for 2024. “Americans are looking for fun in the sun,” said Laura Lindsay, a global travel trends expert at the travel search engine Skyscanner. “Our data shows that they are seeking out destinations with equal opportunities for relaxation and outdoor adventures.”After the extreme weather events of 2023 and overcrowding at popular destinations, travelers are also looking for cooler, less crowded spots.

Persons: ”, Laura Lindsay Locations: London, Rome, Tokyo, Cancún, Las Vegas, Cayman Islands, Polynesia

☆ Vietnamese companies eye the U.S. IPO market amid a lull in Chinese listings
▼ + stars: | 2023-12-06 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +5 min

While not strictly an IPO, the listing was soon followed by Vietnamese tech unicorn VNG's filing to list on the Nasdaq. As local companies grow, "they are outgrowing the ability of those markets to provide the capital that they need," said Drew Bernstein, co-chairman of accounting firm MarcumAsia. Since the fallout over Didi in the summer of 2021, regulation and a tepid U.S. IPO market have stalled most Chinese listing plans. She said given the success of Southeast Asian ride-hailing company Grab , more Vietnamese companies are starting to look beyond the domestic market to regional business. George Chan, global IPO leader at EY, expects "a lot" of companies from Southeast Asia will reach the IPO stage in the next 12 to 18 months, and might also consider the Hong Kong exchange.

Persons: Scott Mlyn, VinFast, Johan Annell, VNG, Drew Bernstein, It's, Bernstein, who'd he'd, Didi, Gary Dvorchak, Blueshirt, Nguyen Nguyen, Vu Van, ELSA, Van, George Chan Organizations: New York Auto Show, CNBC BEIJING, U.S, Spade, Nasdaq, ARC Group, China -, Renaissance Capital, Investor, CNBC, World Bank, Southeast Asia — Locations: Asia, U.S, Vietnam, Beijing, Cayman Islands, Malaysia, China, China - U.S, Thailand, Indonesia, Singapore, Southeast Asia, Hong Kong

☆ Angel Reese: Mystery still swirls around LSU forward’s absence as star is set to play high-profile game Thursday
▼ + stars: | 2023-11-30 | by ( David Close | ) edition.cnn.com time to read: +2 min

CNN —LSU women’s basketball head coach Kim Mulkey said star player Angel Reese will return to the defending national champion’s lineup on Thursday against No. Reese has been mysteriously absent from the team since the Tigers faced Kent State on November 14. “She’s coming back after not being with the team,” Mulkey said. “Angel is back and we are happy, happy, happy. She’s happy, happy, happy.”The Tigers-Hokies tilt on Thursday night is a 2023 Final Four rematch between the two programs; LSU won that game 79-72 en route to the national championship.

Persons: Kim Mulkey, Angel Reese, Reese, Mulkey, “, Reese didn’t, “ She’s, ” Mulkey, “ We’ve, ”, Angel, “ Angel Organizations: CNN, LSU women’s, Virginia Tech, Tigers, Kent State, LSU, LSU’s, Niagara, Cayman, Iowa, NCAA, YouTube, Hokies Locations: Virginia, ”

(AP) — LSU star forward Angel Reese, who has missed four games for undisclosed reasons, is rejoining the No. Reese had foreshadowed her return when she posted on social media a photo of herself inside LSU's basketball stadium, the Pete Maravich Assembly Center. The Tigers (7-1) won all of the games Reese missed, most of them by wide margins, and have not lost since dropping their opener in Las Vegas to then-No. Reese started LSU’s first four games, averaging 17 points and 10.3 rebounds as the Tigers went 3-1. Reese was LSU’s on-court leader last season, when the Tigers won the program’s maiden national title.

Persons: Angel Reese, Reese, Kim Milkey, ” Milkey, LSU’s, she’d, ”, gestured, Caitlin Clark, Jill Biden’s, Barack Obama, Joe Biden Organizations: — LSU, Tigers, Virginia Tech, Pete Maravich, Center, LSU, Southeastern, Texas Southern, Niagara, Cayman, Kent State, of Fame, Reebok, Michigan, Hawkeyes, Iowa, AP, womens Locations: BATON ROUGE, La, Southeastern Louisiana, Baton Rouge, Cayman Islands, Virginia, Las Vegas, Colorado, Iowa

☆ Alibaba Health Information Technology to buy AJK Technology for $1.73 bln
▼ + stars: | 2023-11-28 | by ( ) www.reuters.com time to read: 1 min

Nov 28 (Reuters) - Investment holding company Alibaba Health Information Technology Ltd (0241.HK) said on Tuesday it would buy entire stake in AJK Technology Holding Ltd from a unit of Alibaba Group Holding (9988.HK) for HK$13.51 billion ($1.73 billion). Alibaba Health would issue 2.56 billion consideration shares at an issue price of HK$4.50 and pay the U.S. dollar equivalent of HK$2 billion in cash to the Alibaba Group unit, Taobao Holding Ltd.AJK Technology is an offshore holding vehicle incorporated under the laws of the Cayman Islands. The completion of the deal is subject to approvals from independent shareholders and the stock exchange. ($1 = 7.7957 Hong Kong dollars)Reporting by John Biju in Bengaluru; Editing by Shilpi MajumdarOur Standards: The Thomson Reuters Trust Principles.

Persons: John Biju, Shilpi Majumdar Organizations: Investment, Health, Technology, HK, AJK Technology Holding, Alibaba, Taobao Holding, AJK Technology, Thomson Locations: Cayman Islands, Hong Kong, Bengaluru

GEORGE TOWN, Cayman Islands (AP) — Angel Reese didn't make the trip to the Cayman Islands with No. It's still unclear when the All-American, who has missed the last three games, will be back with the Tigers,“You will know when she comes back,” LSU coach Kim Mulkey said about Reese following the Tigers' 99-65 win over Niagara on Friday at the Cayman Islands Classic. “Obviously she’s not with us.”The Tigers were also missing Kateri Poole, who had appeared in four games this season and averaged 12.8 minutes. Political Cartoons View All 1265 ImagesAneesah Morrow had 28 points and 10 rebounds to lead LSU to the easy win. That makes me feel good.”BIG PICTUREMuch of the attention over the past week has focused on Reese, who is averaging a team-leading 10.3 rebounds.

Persons: GEORGE, — Angel Reese didn't, she's, It's, Kim Mulkey, Reese, ”, Kateri Poole, Mulkey, Aneesah Morrow, Hailey Van Lith, Mikaylah Williams, Flau’jae Johnson, Sa’Myah Smith, “ We’ll, ” Mulkey, ” Johnson, “, ___ Organizations: LSU, Tigers, ” LSU, Niagara, Cayman, Purple Eagles, UCLA, Saturday LSU, Virginia, AP, womens Locations: Cayman Islands, Niagara

WASHINGTON (AP) — While the scandals in the cryptocurrency industry seem to never end, Washington policymakers appear to have little interest in pushing through legislation to codify the structure of the industry. The latest shoe to drop is Binance’s multibillion dollar settlement with U.S. authorities and the resignation of its CEO this week. When cryptocurrencies collapsed and a number of companies failed last year, Congress considered multiple approaches for how to regulate the industry in the future. Brown has been highly skeptical of cryptocurrencies as a concept and he’s been generally reluctant to put Congress’ blessing on them through legislation. Yesterday’s development marks the same inflection point that we saw earlier at the intersection of the .com and post-.com eras.”

Persons: Sam Bankman, cryptocurrencies, Janet Yellen, Changpeng Zhao, Zhao, Binance, General Merrick Garland, — Binance, Debbie Stabenow, John Boozman, Sen, Sherrod Brown, Brown, He’s, ” Brown, Fried, can’t, ”, Dennis Kelleher, Yiannis Giokas Organizations: WASHINGTON, Treasury, White, Biden Administration, Binance, U.S . Treasury, U.S, Securities and Exchange Commission, Coinbase, SEC, PayPal, Futures Trading Commission, Agriculture Committee, U.S ., Financial Services, Senate, Consumer, Better, Moody’s Analytics, U.S . Authorities Locations: Washington, United States, Cayman Islands, Ohio, stablecoins, U.S

(AP) — Baylor Scheierman knocked down a 3-pointer to open Creighton's game against Loyola Chicago on Wednesday, turned to the crowd inside T-Mobile Center and promptly blew it a kiss. Isaac Traudt and Francisco Farabello hit 3-pointers early in the second half. Kalkbrenner began to assert himself inside, then added two more 3s — he hit only six all of last season. And by the time Ashworth connected on consecutive 3s, the Bluejays had stretched their lead past 20 and were able to coast to the finish. “We switched up a little bit what we were doing defensively in the second half.

Persons: —, — Baylor Scheierman, Scheierman, Ryan Kalkbrenner, Bluejays, ” Scheierman, “, ” Steven Ashworth, Des Watson, Braden Norris, ”, Sean Dwyer, Isaac Traudt, Francisco Farabello, Kalkbrenner, Ashworth, ” Creighton, Greg McDermott, MILLER, Mason Miller, McDermott, Jayden Dawson, Creighton, Trey Alexander, ___ Organizations: KANSAS CITY, — Baylor, Loyola Chicago, Mobile Center, of Fame, Cayman, Colorado State, Rams, Boston College, Ramblers, ” Loyola, NCAA, Loyola, NEXT Loyola Chicago, Eagles, AP Locations: KANSAS, Mo

STORRS, Conn. (AP) — UConn guard Azzi Fudd will miss the remainder of the season with a noncontact knee injury she sustained last week during practice, the school said Wednesday. Fudd tore the medial meniscus and anterior cruciate ligament in her right knee when she came down after a jump shot on Nov. 14 in practice, the school said. The school said Fudd will have surgery at UConn Health at a “later date.”“We’re all just so upset for Azzi,” coach Geno Auriemma said in a statement. She missed 10 games with a foot injury during her freshman season and 22 games because of knee injuries during her sophomore campaign. Fudd’s injury comes after the return of another UConn star, Paige Bueckers, who missed all of last season and 19 games during her sophomore campaign with knee injuries.

Persons: STORRS, —, Azzi Fudd, Fudd, ”, Geno Auriemma, Paige Bueckers, Auriemma, “ Azzi, “, ___ Organizations: — UConn, Huskies, Dayton, North Carolina State, UConn Health, Azzi, UConn, UCLA, AP, womens Locations: Conn, Cayman Islands

Zhao Changpeng, founder and chief executive officer of Binance, speaks at the Blockchain Week Summit in Paris, France, on Wednesday, April 13, 2022. Binance chief Changpeng Zhao will plead guilty to criminal charges and step down as the company's CEO as part of a $4.3 billion settlement with the Department of Justice, according to court documents. The plea arrangement with the government resolves a multi-year investigation into the world's largest crypto exchange. The Securities and Exchange Commission targeted the company with an expansive lawsuit in June, alleging that Binance was running an illegal securities exchange and mishandling customer funds. To this day, Binance remains the world's largest crypto exchange globally, processing billions of dollars in trading volume every year.

Persons: Zhao Changpeng, Changpeng Zhao, Zhao, Brian Tsuchida, Binance, Kraken, Gary Gensler, wasn't, Samuel Lim, —, ada, Kevin Breuninger Organizations: Department of Justice, Justice Department, DOJ, Emergency Economic, U.S, CNBC, Securities and Exchange Commission, Commodity Futures Trading Commission, Securities, Exchange Commission, SEC, Binance, Authority Locations: Paris, France, U.S, Seattle, Iran, Cayman Islands

CEO Changpeng Zhao pleaded guilty to one count of failure to maintain an effective anti-money-laundering program in federal court in Seattle. That case was similar to practices uncovered after the collapse of FTX, the second largest cryptocurrency exchange, last year. Of his many depictions in the cryptocurrency industry, Zhao was best known as the chief rival to Bankman-Fried. Zhao and Bankman-Fried were originally friendly competitors in the industry, with Binance investing in FTX when Bankman-Fried launched the exchange in 2019. A jury found Bankman-Fried guilty of wire fraud and several other charge in October.

Persons: Changpeng Zhao, Brian A, that's, Zhao, “, ”, Mark Bartlett, —, ” Bartlett, “ He’s, ” Zhao, Sam Bankman, Fried, FTX, Fatima Hussein, Ken Sweet, Whitehurst, Tucker Organizations: SEATTLE, Binance, U.S ., Associated Press, United, United Arab Emirates, U.S Locations: Seattle, Binance, Cayman Islands, FTX, United Arab, UAE, Washington ,, New York

(AP) — With LSU star forward Angel Reese missing in action and little explanation forthcoming from coach Kim Mulkey, the seventh-ranked Tigers are attracting unwanted scrutiny at the outset of their national title defense. On Monday, there was no indication that Reese would be back with the team for a home game against Texas Southern. It would be highly unusual for a player to begin missing games because of academic eligibility after the basketball season started but before the end of the first semester of an academic year. No LSU players were made available for postgame interviews. Nicknamed the “Bayou Barbie," Reese led LSU to its first national title in women’s basketball last season.

Persons: Angel Reese, Kim Mulkey, Reese, Grant Kauvar, Mulkey's reticence, Reese —, —, Reese's, Flau'Jae Johnson, Kia Brooks, Angel Webb Reese, Brooks, ” Brooks, Mulkey, ”, “, Jeanine Ogbonnaya, Hailey Van Lith, Aneesah Morrow, Mikaylah Williams, LSU hasn't, hasn't, LSU’s, Sylvia Fowles ’, ___ Organizations: —, LSU, Tigers, Texas Southern, LSU women's, Southeastern, Kent State, Universities, The Associated Press, Cayman, Southeastern Conference, AP, womens Locations: BATON ROUGE, La, Southeastern Louisiana, Colorado, Virginia

☆ See the best evening gowns at the 2023 Miss Universe competition
▼ + stars: | 2023-11-18 | by ( Alex Rees | ) edition.cnn.com time to read: +5 min

Benjamin Askinas/Courtesy Miss Universe Miss Bolivia, Estefany Rivero. Benjamin Askinas/Courtesy Miss Universe Miss Brazil, Maria Brechane. Benjamin Askinas/Courtesy Miss Universe Miss Bulgaria, Yuliia Pavlikova. Benjamin Askinas/Courtesy Miss Universe Miss Slovakia, Kinga Puhová Benjamin Askinas/Courtesy Miss Universe Miss South Africa, Bryoni Govender. The 2023 Miss Universe pageant also marks longtime Miss Universe Organization President Paula Shugart’s last year.

☆ Coast Guard searching for cruise ship crew member believed to have gone overboard near Puerto Rico, the second such incident within 48 hours
▼ + stars: | 2023-11-15 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +4 min

An MSC Cruise crew member is missing and believed to have gone overboard a ship on Tuesday. The Coast Guard is searching the waters near Puerto Rico for the 30-year-old man. AdvertisementThe Coast Guard is searching for a missing crew member believed to have gone overboard an MSC cruise ship on Tuesday evening. Officials are looking for a 30-year-old man of Indian nationality in waters north of Aguadilla, Puerto Rico, the Coast Guard said in a Wednesday press release. The time between someone going overboard and the cruise ship launching a search-and-rescue mission can often be the difference between life and death.

Persons: —, Cody Alcorn, KndanB6xeO — Cody Alcorn, Tyler Barnett, Elisha Reid, Barnett didn't Organizations: MSC Cruise, Coast Guard, Service, Guard, MSC, MSC Seascape, MSC Cruises, Cayman, Security, Safety, Business Locations: Puerto Rico, New Orleans, Aguadilla , Puerto Rico, San Juan , Puerto Rico, Puerto Plata, Dominican Republic, Atlanta, Cayman Islands, Cozumel, Mexico

☆ Ukraine says agreed with Britain discounts on insurance for Black Sea exports
▼ + stars: | 2023-11-14 | by ( Pavel Polityuk | ) www.reuters.com time to read: +3 min

Cayman Islands-flagged bulk carrier Puma leaves the sea port of Odesa, amid Russia's attack on Ukraine, in Ukraine September 15, 2023. This will make the Black Sea corridor more accessible to a wider range of exporters," Shmyhal said during the government meeting, video of which was posted on the Telegram messaging platform. Ukraine's government expects a harvest of 79 million tons of grain and oilseeds in 2023, with its 2023/24 exportable surplus totalling about 50 million tons. Ukrainian grain exports have fallen to 9.8 million metric tons as of Nov. 6 in the 2023/24 July-June marketing season from 14.3 million tons a season earlier. Ukraine has traditionally shipped most of its exports through its deep water Black Sea ports.

Persons: Stringer, Denys Shmyhal, Shmyhal, Mykola Solsky, Solsky, Volodymyr Zelenskiy, Pavel Polityuk, Sharon Singleton, Jonathan Oatis Organizations: Puma, REUTERS, Rights, Kyiv, United Nations, Ukrainian, Thomson Locations: Cayman, Odesa, Ukraine, Britain, Russia, Liberia, Ukrainian

☆ What we'd like to see from 3 economic readings and 2 earnings reports next week
▼ + stars: | 2023-11-11 | by ( Zev Fima | ) www.cnbc.com time to read: +9 min

The major averages advanced again this week as earnings results came in largely better than expected, interest rates stabilized and oil prices dropped below $80 a barrel. Looking ahead, we'll get a couple more earnings results and some key inflationary data to chew on. In this past week, we bought 150 shares of DuPont (DD) and added 75 shares of Wynn Resorts (WYNN). As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Stocks, Wynn Resort's, WYNN, we'll, That's, —, we're, it's, PANW, Tyson, Henry Schein, Spero, Sanara, Sara Lee Corp, JD.com, Woodward, Jim Cramer's, Jim Cramer, Jim, Mario Anzuoni Organizations: Nasdaq, Dow Jones, Coterra Energy, Emerson, Disney, PPI, TJX, Palo Alto Networks, DuPont, Wynn Resorts, WYNN, Tyson Foods, TSN, Tower Semiconductor, Partners, Genius Sports, Spero Therapeutics, Star Bulk Carriers Corp, Beauty Health, Asure, Gladstone Capital Corp, TeraWulf Inc, Harrow Health, Afya, Sea, Paysafe Group Holdings, Solar Inc, Aramark Holdings Corp, Lending, Holding, BioXcel Therapeutics, IHS Inc, Rewalk Robotics, Acurx Pharmaceuticals, Energizer Holdings, Power Solutions, Rekor Systems, Wine Estates, Momentus Inc, SIGMA Lithium Corporation, AlTi, QuickLogic Corporation, Arcturus Therapeutics, Dada Nexus, Solutions, Target Corp, Parts, ZIM Integrated Shipping Services, Alto Networks, Cisco Systems, Chemical & Mining Co, PennantPark Investment Corp, Copa Holdings S.A, Walmart, Arcos Dorados Holdings, ARCO, NICE, Body, Warner Music Group Corp, Ross Stores, Homes, Dolby Laboratories Inc, American Software, ESCO Technologies, ZTO, International, BJ's Wholesale, Jim Cramer's Charitable, CNBC, Maxx Locations: Macau, Chile, Cayman, Pasadena , California

☆ Global assets in spot bitcoin ETFs hit $4.16 billion - CoinGecko
▼ + stars: | 2023-11-03 | by ( Suzanne Mcgee | ) www.reuters.com time to read: +2 min

REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsNov 3 (Reuters) - Global assets invested in exchange-traded funds (ETFs) tied to the spot price of bitcoin now total $4.16 billion, according to CoinGecko, a cryptocurrency data and analysis company. Nearly half of that sum, or $2 billion, is invested in the seven spot bitcoin ETFs that have been launched in Canada since 2021. Canada also is home to the single largest of the 20 ETFs, the Purpose Bitcoin ETF , which has $819.1 million in assets. The SEC has so far denied all spot bitcoin ETF applications, saying applicants have not shown they can protect investors from market manipulation. There's fierce debate about the potential size of the U.S. spot bitcoin ETF market, with estimates starting at $1 billion or more in first-day demand.

Persons: Dado Ruvic, Suzanne McGee, Mark Potter Organizations: REUTERS, Global, United States Securities, Exchange Commission, SEC, Thomson Locations: bitcoin, Canada, U.S, Jersey, Cayman Islands, Liechtenstein, Brazil, Australia

☆ A doping free-for-all Enhanced Games calls itself the answer to doping in sports. Opponents say it poses a danger to health
▼ + stars: | 2023-10-30 | by ( Molly Stazicker | ) edition.cnn.com time to read: +23 min

The Enhanced Games is the brainchild of businessman Aron D’Souza. Aron D'Souza is the founder of the Enhanced Games. But that isn’t the only potential legal jeopardy the Enhanced Games faces, according to American lawyer Jim Walden, who represents Russian whistleblower Grigory Rodchenkov. “If you look at the Enhanced Games website, it’s almost as though they’re advertising their disregard of the law,” Walden told CNN Sport. If it goes ahead as planned in December 2024, D’Souza insists that the Enhanced Games will unlock the potential of humanity.

Persons: Dr, Grigory Rodchenkov, –, Rodchenkov, Oscar, Aron D’Souza, ”, D’Souza, “, Raphael Faiss, Faiss, WADA, they’re, Aron D'Souza, ” WADA, Travis Tygart, Jim Walden, ” Walden, Alex Wong, ” Rodchenkov, USADA’s Tygart, ” D’Souza, he’d, “ They’re, Ben Johnson, Johnson, Mike Powell, Pierre de Coubertin –, Ben Johnson –, Eugene, Simona Halep, – Faiss, CNN Roxadustat, Michele Verroken, ” Verroken, Verroken, Hamish Coffey, ’, Brett Fraser, ” Fraser, “ I’ve, I’ll, Jess Ennis, Hill, CNN D’Souza, Trevor Painter, ” Painter, John William Devine, ” Devine, don’t, Martial Saugy Organizations: CNN, Olympics, ”, Testing Agency, ITA, International Olympic Committee, Olympic Games, IOC, CNN Sport, Netflix, Doping Agency, Research, University of Lausanne, United, United States Anti, US Drug Enforcement Administration, FBI, Sports, Gaming Initiative, “, Games, Seoul, London Games, Bettmann, Athletics Integrity Unit, National Institutes of Health, Sporting Integrity, Australian Olympic, Olympic, United States Patent, Sciences, Swansea University Locations: Paris, United States, Seoul, South Korea, Eugene , Oregon, Cayman Islands, Tokyo, Wales

Instead, because the plan has been weakened, it says the minimum tax will generate only half that — less than 5% of corporate tax revenue. The watchdog group estimates that a 15% minimum tax could have raised roughly $270 billion in 2023. That carveout, the EU Tax Observatory warned, could “give firms incentives to move production to countries with tax rates below 15%." Despite its criticisms of what has happened to the minimum tax, the EU Tax Observatory praised a separate effort to stop the wealthy from dodging taxes. The EU TAX Observatory is calling for a 2% global tax on billionaires' wealth, a proposal it says would raise $250 billion annually from fewer than 3,000 people.

Persons: Janet Yellen, wouldn't, ″, Gabriel Zucman, ’ ’ Organizations: WASHINGTON, European Union, Organization for Economic Cooperation, Development, Apple, Nike, OECD, EU, Observatory, EU Tax Observatory, Companies, Treasury, Paris School of Economics, University of California Locations: Bermuda, Cayman Islands, United States, Berkeley

☆ US officials say they're worried a Chinese-owned bitcoin mine in Wyoming will pose a national security threat, NYT reports
▼ + stars: | 2023-10-14 | by ( Hannah Getahun | ) www.businessinsider.com time to read: +3 min

The mine is connected to multiple Chinese companies and sits across from a Microsoft data center. The company said that its placement near the data center, which supports the Pentagon, was unrelated. AdvertisementAdvertisementPentagon officials monitoring a Bitcoin operation in Wyoming that sits across from a Microsoft data center and a nearby military base are worried that the owners' ties to China could pose a national security threat, per The New York Times. The Cheyenne, Wyoming, center was one such mine, per the Times. Li Jiaming, the president of Bit Origin Ltd., said that the Microsoft data center or the nearby military base had nothing to do with why the area was chosen.

Persons: —, Francis E, Li Jiaming, Jiaming Organizations: Pentagon, Microsoft, Service, New York Times, Warren Air Force Base, Foreign Investment, Times, Microsoft's Data, The Times, Origin, Officials Locations: Wyoming, China, Cheyenne , Wyoming, Cayman Islands

☆ How this 77-year-old widow lost $661,000 in a common tech scam: 'I realized I had been defrauded of everything'
▼ + stars: | 2023-10-08 | by ( Greg Iacurci | ) www.cnbc.com time to read: +19 min

Older adults, many of whom have saved their entire careers for retirement, can have the most to lose. The Covid pandemic was a disproportionate threat to older adults, keeping Americans indoors and quickly pushing them online. Outcomes hinge on a complex web of federal and state rules that govern banking and elder financial fraud. Such "heightened procedures" to protect older adults are part of the bank's duty of care relative to older customers, the lawsuit said. Scammers had her wire funds from her PNC bank account to an account at the now-defunct Signature Bank in New York.

Persons: Marjorie Bloom, she'd, Bloom, Roth, Ester, Ester Bloom, Rebecca Keithley, —, they'd, I'm, Kathy Stokes, Keithley, General Merrick Garland, she'll, Marjorie Bloom Bloom, trekked, Mount, Kriangkrai, I've, There's, Sergio Flores, scammers —, Carla Sanchez, Adams, Sanchez, Banks, Marve Ann Alaimo, Porter Wright Morris, Arthur, Alaimo, Cryptocurrency, Scammers, scammers, it's, Patrick Wyman, Wyman, Al Drago Organizations: PNC Bank, Finance, CNBC, Federal Bureau of Investigation, PNC, FBI, Social, Department of Justice's, Vanguard Group, Federal, Consumer Finances, AARP, Microsoft, Department of Energy, Guaranty Corporation, U.S, North Dakota ., Everest Base, Social Security, North Bethesda Camera, PNC Bank —, District of Columbia, Bloomberg, Getty, National Consumer Law, Signature Bank, Asset Unit Locations: Chevy Chase , Maryland, U.S, Vietnam, Mount Everest, North Dakota, liquidating, Nepal, Marjorie Bloom Maryland, District, —, Maryland, PNC, New York, Cayman Islands, Washington ,

☆ Regulators Charge Money Manager Tied to Russian Oligarch
▼ + stars: | 2023-09-19 | by ( Matthew Goldstein | More About Matthew Goldstein | ) www.nytimes.com time to read: +1 min

The sanctions forced Mr. Abramovich to sell the Chelsea Football Club, the famed London soccer team. Authorities also froze more than $13 billion in assets held by financial institutions in Britain, the Cayman Islands, the Isle of Jersey and the British Virgin Islands. In June last year, the United States seized two jets believed to be owned by Mr. Abramovich. complaint covers activity beginning in 2012 when, the regulator said, the firm and Mr. Matlin, now 59, should have registered as investment advisers. The regulator said that over the next decade, the firm and Mr. Matlin had taken in $85 million in compensation.

Persons: Abramovich, Matlin, Concord, Gurbir, Grewal, ’, ” Jon Hammond, Michael Matlin Organizations: Chelsea Football Club, London, Authorities, British Virgin Islands, Concord, Concord Management Locations: Britain, Cayman Islands, Isle of Jersey, British Virgin, United States, Concord, British Virgin Islands, Jersey

☆ Ukraine says fifth ship leaves Odesa port under temporary corridor
▼ + stars: | 2023-09-15 | by ( ) www.reuters.com time to read: +1 min

Cayman Islands-flagged bulk carrier Puma leaves the sea port of Odesa, amid Russia's attack on Ukraine, in Ukraine September 15, 2023. REUTERS/Stringer Acquire Licensing RightsSept 15 (Reuters) - A bulk carrier has left Ukraine's Odesa port, deputy prime minister Oleksandr Kubrakov said on Friday - the fifth to sail since Russia withdrew from a safe-passage deal for grain ships. Lawmaker Oleksiy Honcharenko posted photographs of the vessel on its way, saying it had entered the Black Sea, though Reuters could not immediately verify the date or location. In response, Ukraine announced a "humanitarian corridor" hugging the western Black Sea coast near Romania and Bulgaria. Four vessels stuck in Ukrainian ports during the invasion have thus far been able to use the corridor to leave.

Persons: Stringer, Oleksandr Kubrakov, Kubrakov, Oleksiy Honcharenko, Anna Pruchnicka, Max Hunder, Yuliia, Mark Heinrich, Grant McCool Organizations: Puma, REUTERS, Reuters, Thomson Locations: Cayman, Odesa, Ukraine, Russia, Moscow, Romania, Bulgaria

REUTERS/Annegret Hilse/File Photo Acquire Licensing RightsSummaryCompanies CNIL's checks took place on WednesdayWorldcoin is new project of ChatGPT founderPARIS, Aug 31 (Reuters) - France's data watchdog carried out "checks" at Worldcoin's Paris office this week, amid global regulatory pressure on the digital currency firm co-founded by ChatGPT-founder Sam Altman. France's CNIL watchdog said in July it was investigating Worldcoin as the legality of its biometric data "seemed questionable". "Checks took place at the Worldcoin offices," a CNIL spokesperson said on Thursday, confirming an earlier Politico report that the visit took place on Wednesday. Worldcoin requires users to provide their iris scans in exchange for a digital ID and, in some countries, in exchange for free cryptocurrency. The Worldcoin Foundation, a Cayman Islands-based entity, told Reuters via email: "The team at Worldcoin welcomes any opportunity to address questions regarding the project’s purpose and technology."

Persons: Ricardo Macieira, Annegret, PARIS, Sam Altman, France's, Worldcoin, Sudip Kar, Martin Coulter, Alexander Smith, Mark Potter Organizations: REUTERS, ChatGPT, Politico, Worldcoin, Worldcoin Foundation, Microsoft, Thomson Locations: Europe, cryptocurrency, Berlin, Germany, Worldcoin's, Cayman Islands, London

☆ Shareholders ask China's Hollysys to set special meeting amid takeover frustration
▼ + stars: | 2023-08-30 | by ( Svea Herbst-Bayliss | ) www.reuters.com time to read: +2 min

NEW YORK, Aug 30(Reuters) - Shareholders in China's Hollysys Automation Technologies owning a total 32.2% of the automation control system maker's shares asked the board of directors to set a special shareholder meeting, according to a letter seen by Reuters. Asking for a special meeting is a highly unusual step and signals shareholders' mounting frustration with management of the U.S.-listed company, which has received takeover bids but which has not started a sales process, people familiar with the matter said. A year ago Hollysys management was ready to take the company private at a $1.8 billion valuation, Reuters reported, but nothing has happened since then. Registered shareholders have a statutory right under section 82 of the BVI Business Companies Act (British Virgin Islands) to require the Hollysys board to convene a shareholder meeting. Any shareholder also has a statutory right to apply to the court for an order requiring a shareholder meeting to be held on the basis that it is in the interest of the shareholders that such a meeting be held.

Persons: Conyers, Pearman, Hollysys, Svea Herbst, Bayliss, Louise Heavens Organizations: Automation Technologies, Reuters, Oasis Management, Maso, Company, Technology, . Ltd, Dazheng Group Investment Holdings Company, Act, Svea, Thomson Locations: U.S, United States, Cayman Islands, China, Virgin

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