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Tech tycoon Mike Lynch likely suffocated after his yacht sank off Sicily last month. Seven people died after the "Bayesian" yacht went down, including Lynch and his daughter Hannah. AdvertisementBritish tech tycoon Mike Lynch likely died of suffocation after his "Bayesian" superyacht sank off Sicily last month, autopsy results suggested, an investigative source told Reuters. Seven people died after the yacht went down during a storm off the coast of Porticello on August 19, including Lynch and his 18-year-old daughter Hannah. The unnamed source told Reuters that initial autopsy results on Hannah Lynch's body were inconclusive, but they ruled out traumas or wounds as a cause of death.
Persons: Mike Lynch, Lynch, Hannah, , Hannah Lynch's Organizations: Service, Reuters, Business Locations: Sicily, British, Seven, Porticello
According to the Bureau of Labor Statistics, the share of Americans who were absent from work because of child care difficulties matched the all-time record for August. At the same time, employment in child care services has not been nearly enough to match the demand, according to Julia Pollak, chief economist at ZipRecruiter, who highlighted the statistic in a note following Friday’s job report. The issue largely stems from the havoc created by the pandemic, which prompted many child care facilities to shut down, Pollak said. Consumer payments for child care are up at least 32% since 2019, a recent Bank of America study found. Child care advocates say that almost 10% of the state’s day care sites or home-based programs have shuttered since the pandemic.
Persons: Donald Trump, Sen, JD Vance, Vance, Kamala Harris, Julia Pollak, Natalia Lebedinskaia, ” Pollak, Pollak, , , Trump, Ohio, Charlie Kirk, he’d, Harris, ” Vance, Tim Walz, Hannah Anderson, Kirk, Vance “, ” Anderson Organizations: Bureau of Labor Statistics, GOP, Child Care, NBC News, of America, BLS, Economic, of New, Minnesota Gov, Economic Policy Institute Locations: Ohio, of New York, United States, Georgia
Major pro-Trump influencers worked for a company the DOJ alleges was funded by Russia. Prosecutors say Tenet Media got nearly $10 million from Russia to spread its message in the US. AdvertisementAfter the Department of Justice accused a US media company of being bankrolled by Russia, several conservative influencers who've worked for the company denied any knowledge of Russian involvement. In an indictment this week, the DOJ said an unnamed Tenessee firm took almost $10 million from the Russian state media company RT. The aim, according to the DOJ, was to "create and distribute content to US audiences with hidden Russian government messaging."
Persons: Trump influencers, — Benny Johnson, Tim Pool, , influencers who've Organizations: DOJ, Russia, Prosecutors, Media, Service, Department of Justice, Business Locations: Russia
The psychotherapist's 2020 book, "Polysecure," has become the poly bible for an increasingly queer and fluid generation. As consensual nonmonogamy went mainstream, searches for Fern's "Polysecure" spiked. "I've heard authors joke they get a cup of coffee from their book," Fern said. When Jessica Fern and Dave Cooley opened up their relationship, Cooley was surprised at the "searing anguish" he felt about his wife seeing other men. Fern, Cooley, and Fern's partner bought the property together and settled in, planning to live there long term.
Persons: Jessica Fern, Feeld, Lionel Messi, Fern, John, nonmonogamy, Molly Roden Winter's, Miranda July's, I've, Nielsen BookScan, you've, we're, Hannah, Dave Cooley, Cooley, Esther Perel, Dan Savage, Guralnik —, Ross Geller, it's, butch barista, deblasio, Chirlane McCray, Suki Waterhouse, Allison P, Davis, Clinton, isn't, Gilmore, Diego, — they're, Fern disentangled, polyamory, Julia, Apryl, Jessica, John Bowlby, Mary Ainsworth, Fern's polyamorous, she's, It's, Mike Belleme, Tobias, Lindsay, Molly Roden Winter, compersion, Fern's, , Abby, she'd, Axios they'd, Christopher Gleason, they'd, Gleason, We've, curt, Escher, Franklin Veaux, Eve Rickert's, Rickert, aren't, I'm, Daniel Lavery, " Lavery, polysecurity hasn't, She's, pats, hasn't, polysecurity, Fern isn't, We're, Myers, Briggs, there's Organizations: New York Times, New York Magazine, SUNY, Kinsey Institute, George Mason University Locations: Costa Rica, North Carolina, Russian, Manhattan, Asheville, patrick, Fort Greene, San Francisco, Cooley, Sheepshead Bay , Brooklyn, British, polyworld, Boulder , Colorado, Vancouver, Brooklyn, COVID, Bahamas, Feeld, Fern
A musician was charged with using bots to rack up billions of streams for AI-generated music. Michael Smith made $10 million from the streams, against the platforms' policies, the DOJ said. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementA man scammed major streaming platforms into paying him millions of dollars for music nobody was really listening to, prosecutors said.
Persons: Michael Smith, , Rob Smith, Smith Organizations: DOJ, Service, Apple Music, Business, Department of Justice Locations: North Carolina
Could a dating app that's built around setting up an actual date help? First Round's on Me is a new dating platform founded by husband-wife duo Joe and Hannah Feminella. The two are actually a Hinge success story, Joe told Business Insider. Fundraising is a bit like dating, it turns out, Joe told BI. FROM is growing at a time when other newcomers in the dating and social space are emerging as well.
Persons: , Joe, Hannah Feminella, Hannah, Let's, There's, — Tinder Organizations: Service, Business, Manna Property, IRL Locations: DMs
AdvertisementJoshi's dating app, Friend of a Friend, has ads plastered around New York City. AdvertisementThe anti-swipersWhen setting out to build a dating app, swiping fatigue was top of mind for Vaish Sesetty and Cyrus Belsoi, the founders of the dating app Pique. AdvertisementLast year, Chernyak followed her frustration out of her legal career and launched the video-profile dating app Fast-Forward Dating App with two cofounders. AdvertisementThe Instagram DMsOne of the biggest dating apps isn't even a dating app — it's Instagram. Fast-Forward Dating App is a video-profile dating app where users answer five questions on camera with no edits or filters.
Persons: , Forbes, who'd, Serena Kerrigan, Kerrigan, Rex Woodbury, Vaish Sesetty, Cyrus Belsoi, Belsoi, Karima Ben Abdelmalek, France who's, Abdelmalek, they've, Happn, Joe Feminella, Feminella, Hannah, Elle Wilson, Wilson, Danielle Dietzek, Julie Griggs, Fourplay, Nicole Fara Silver, Dietzek, Anushka Joshi, Friend, Joshi, Derek Lee, Lee, Boo, David Chang, Richard Chang, Katya Chernyak, Chernyak, Aeen Avini, Victoria Todis, Bumble, Nandini Mullaji, Mullaji, Chad DePue, who's, Jeremy Liew, Sitch, Alex Weitzman, hasn't, Weitzman, Amori, Tabitha, Ethan, Pique, Lieu Organizations: Service, Match, Business, Bradley, Microsoft, Daybreak Ventures, Amazon Web Services, Manna, New, Lightspeed Locations: New York City, York City, Paris, TikTok, Park, Brooklyn, France, singlehood, Victoria, Chicago, Los Angeles, Phoenix, Sitch
TERMINI IMERSE, Italy — Prosecutors said there "could be a question of manslaughter" as they opened an investigation into the deaths of seven people after a superyacht sank while anchored off the Sicilian coast Monday. Speaking at a press conference, prosecutor Ambrogio Cartosio said the investigation is not currently directed at any individuals, and is looking into “the crime of culpable shipwreck and multiple manslaughter." New Zealander James Cutfield has already been questioned for more than two hours, and prosecutors said he had been "extremely cooperative." Bad weather was forecast ahead of the sinking, and questions about the weather were also raised by journalists. The body of Recaldo Thomas, a Canadian Antiguan national who was the ship’s cook, was recovered shortly after the accident.
Persons: Italy —, Ambrogio Cartosio, Cartosio, Divers, , Prosecutors, New Zealander James Cutfield, Mike Lynch —, Bill Gates ” —, Hannah, Jonathan Bloomer, Morgan Stanley, Judy, Christopher Morvillo, Neda, Recaldo Thomas Organizations: Italy — Prosecutors, New Zealander, Sky News, Morgan, Morgan Stanley International, Prosecutors Locations: Italy, New York City, Canadian
An Italian Coast Guard vessel and rib during search operations for the luxury yacht Bayesian which sank off the coast of Porticello, Sicily, on Thursday, Aug. 22, 2024. An Italian prosecutor has opened a manslaughter investigation into the deaths of British tech magnate Mike Lynch and six other people who were killed when a luxury yacht sank off Sicily this week. The public prosecutor's office of Termini Imerese, headed by Ambrogio Cartosio, announced the investigation, saying the probe was not aimed at any individual person. Lynch's 18-year-old daughter, Hannah, was also among those who died when the family's 56-metre-long (184-foot) boat, the Bayesian, capsized during a fierce, pre-dawn storm on Monday off Porticello, near Palermo. Fifteen people survived, including Lynch's wife, whose company owned the Bayesian, and the yacht's captain.
Persons: Mike Lynch, Ambrogio Cartosio, Hannah Organizations: Italian Coast Guard Locations: Porticello, Sicily, Italian, Palermo
Italian authorities said on Saturday that they had opened a manslaughter investigation into the sinking of the Bayesian luxury yacht, but that they had not yet zeroed in on any potential suspects. On Saturday, Ambrogio Cartosio, the prosecutor in charge of the case, said at a news conference that it was “plausible” crimes were committed during the accident. “There could be responsibilities of the captain only,” he said. There could be responsibilities of the boat makers. Or there could be responsibilities of those who were in charge of surveilling the boat.”
Persons: Michael Lynch, Hannah, Ambrogio Cartosio, Locations: British
CNN —Authorities in Italy have opened a manslaughter investigation into the sinking of a superyacht, which killed British tech tycoon Mike Lynch and six others off the coast of Sicily earlier this week. Seven bodies have been recovered over the past four days, with divers working nearly 50 meters (160 feet) underwater to retrieve them. Italian authorities have confirmed who was missing from the Bayesian, but have not yet released a coroner’s report to formally name those found. While the reasons for the sinking of the Bayesian superyacht remain unconfirmed, many believe the yacht was struck by a waterspout — one of several types of tornadoes. The coast guard reported the yacht was struck by a tornado, and a waterspout was reported to the European Severe Weather Database around the same time.
Persons: Mike Lynch, Ambrogio Cartosio, ” Cartosio, , , Hannah, Morgan Stanley, Jonathan Bloomer, Judy Bloomer, Chris Morvilloand, Neda Morvillo, Recaldo Thomas, Raffaele Cammarano Organizations: CNN, Authorities Locations: Italy, British, Sicily, American
Divers scouring the wreckage of the superyacht that sank off the Sicilian coast have found the body of the last person missing from the luxury boat, believed to be the daughter of a British tech magnate. The body of Mike Lynch's 18-year-old daughter Hannah was discovered early Friday, the Italian Coast Guard said, according to the Associated Press news agency — the culmination of a challenging five-day rescue operation. One other body, of the ship’s cook Recaldo Thomas, was recovered shortly after the accident. The local prosecutor's office has launched an investigation, though no cause or possible suspects had been publicly identified. Italian prosecutors investigating the case have scheduled a news conference on Saturday.
Persons: Mike Lynch's, Hannah, Lynch, Recaldo Thomas, Morgan Stanley, Jonathan Bloomer, Judy Organizations: Italian Coast Guard, Associated Press, Palermo, Morgan, Morgan Stanley International, AFP, Getty Locations: British, United States, Sicily’s
The corporate world reeled this week after a superyacht carrying the British software mogul Mike Lynch, his family and associates and others sank on Monday during a violent storm off the coast of Sicily. Of the 22 people on the yacht, 15 were rescued and seven bodies were recovered, including that of Mr. Lynch, an official in the Italian city of Palermo confirmed. The bodies of two other prominent business figures — Christopher J. Morvillo, a top white-collar defense lawyer, and Jonathan Bloomer, the chairman of Morgan Stanley International — were among those recovered. Others who were missing but whose bodies have now been recovered are Hannah Lynch, Mr. Lynch’s 18-year-old daughter; Mr. Morvillo’s wife, Neda Morvillo; and Mr. Bloomer’s wife, Judy Bloomer. Image Christopher J. Morvillo in New York in 2011. Credit... Scott Eells/BloombergChristopher MorvilloMr. Morvillo, 59, was a partner at Clifford Chance, the international law firm.
Persons: Mike Lynch, Mr, Lynch, — Christopher J, Jonathan Bloomer, Morgan Stanley, , Hannah Lynch, Lynch’s, Morvillo’s, Neda, Bloomer’s, Judy Bloomer, Recaldo Thomas, Christopher J, Morvillo, Scott Eells, Bloomberg Christopher Morvillo Mr, Clifford Chance, Robert, Martha Stewart Organizations: Morgan, Bloomberg Locations: British, Sicily, Italian, Palermo, New York
Divers of the Vigili del Fuoco, the Italian Corps. of Firefighters leave Porticello harbor near Palermo, to resume research for a last missing person on August 23, 2024, four days after the British-flagged luxury yacht Bayesian sank. Divers on Friday found the body of the final person missing after a luxury yacht sank off the coast of northern Sicily, the Italian fire service said. Eighteen-year-old Hannah Lynch, daughter of British tech entrepreneur Mike Lynch, is the last person still unaccounted for, out of six people that went missing after the superyacht Bayesian sank suddenly during a violent storm in the early hours of Monday morning. Recaldo Thomas, a Canadian-Antiguan national who was working as a chef onboard, was confirmed dead earlier this week.
Persons: Hannah Lynch, Mike Lynch, Morgan Stanley, Jonathan Bloomer, Judy Bloomer, Clifford Chance, Chris Morvillo, Neda Morvillo, Recaldo Thomas, Angela Bacares Organizations: Italian Corps, Firefighters Locations: Porticello, Palermo, British, Sicily, Canadian
After retrieving six bodies from the wreck over the past four days, Lynch’s is the final body being searched for by Italian authorities. The body of her father, Mike Lynch, was retrieved and identified on Thursday, an Italian interior ministry official told Reuters. Fifteen people were rescued on Monday and one body was recovered – thought to be that on the onboard chef Recaldo Thomas. Five days on, Italian authorities are still working to understand how the 56-meter (184-foot) yacht sank so quickly. “In just 60 seconds, you can see the ship disappear,” he told Italian outlet ANSA.
Persons: Hannah Lynch, Mike Lynch, , Lynch’s, Recaldo Thomas, Lynch, Morgan Stanley, Jonathan Bloomer, Judy Bloomer, Chris Morvillo, Neda Morvillo, Organizations: Italy CNN, Reuters Locations: Porticello, Italy, Sicily, Italian, American,
The first time I went to North Korea, I thought I knew what to expect. AdvertisementIn the two decades since then, I've visited North Korea more than 180 times on various tours and trips — perhaps the most of any Westerner. Pictured with a North Korean tour guide in front of a statue of North Korean leader Kim Il Sung in Pyongyang. Steer clear of comparisons to South KoreaA lot of tourists who come to North Korea have experience in South Korea as well (it's not true that visiting South Korea makes it difficult to enter North Korea). Simon's travel documents on his 180th trip to North Korea - boarding pass for Pyongyang, DPRK visa, and a well-used passport.
Persons: , Simon Cockerell, I've, Kim Il Sung, you've, — it's, Kim Jong, I'm, they're, Simon, Joss Stone, Steer, haven't, it's Organizations: Service, Business, Pyongyang Airport, South Locations: Koryo, North Korea, Beijing, China, Russia, , Korean, Pyongyang, Korea, South Korea, DPRK
Divers on Friday recovered the body of the final person who had been missing after a violent storm off the coast of Sicily sent a luxury yacht to the bottom of the sea, the Italian firefighter corps said. The discovery of the body, that of Hannah Lynch, the 18-year-old daughter of the British tech entrepreneur Mike Lynch, who also died in the yacht’s sinking, put an end to a wrenching search and to the slim hopes that any of the missing people might have survived. Ms. Lynch, whose family owned the yacht, was the final person who had been formally unaccounted for since Monday after tragedy struck a group that had been celebrating her father’s victory in a high-profile fraud case. There were 10 crew members and 12 passengers on board the 180-foot vessel, named Bayesian after the mathematical theorem around which Mike Lynch had built his technology empire. Fifteen survived.
Persons: Hannah Lynch, Mike Lynch, Lynch Locations: Sicily, British
If Your Debt Is Ballooning, There Are Steps You Can Take
  + stars: | 2024-08-23 | by ( Ann Carrns | ) www.nytimes.com   time to read: +1 min
Americans are increasingly struggling with credit card debt and other loans, and consumers are paying more for basic banking services like A.T.M. And 42 percent of households carrying balances on credit cards reported that their overall debt level was “unmanageable,” up from 38 percent in 2022, the network found. More borrowers have been falling behind on credit card payments, especially those who have maxed out spending on their cards, according to the Federal Reserve Bank of New York. Making payments on credit cards as well as car loans, student loans and other installment loans has been increasingly challenging for consumers, the financial network found. (The analysis, which the network publishes annually, is based on public data and a nationally representative survey of consumers.)
Persons: , Hannah Gdalman Organizations: Financial Health Network, Federal Reserve Bank of New Locations: Federal Reserve Bank of New York
Read previewThis as-told-to essay is based on a conversation and emails with Nadia Said, a 25-year-old IT project manager at a major tech company where she started working full-time in 2020. When I was in my second year at Temple University, I got the opportunity to work at my company as an intern. Nadia Said, 25, is putting her burgeoning career in tech to focus on her mental health and passion for travel. I was talking to a friend who was working at a tech company. My big fear is that when I come back, I'm going to be ready to get a job and there won't be one available for me.
Persons: , Nadia Said, Said, Hannah Vy Nguyen, ED JONES, what's, haven't, it's, I'm, I've Organizations: Service, Business, Temple University, Google, Microsoft, Getty Locations: Asia, South Korea, Europe, India
Read previewThe maker of Mike Lynch's superyacht, which sank off the coast of Sicily, said it was "absolutely stable" and that it never should have gone down. It went down in 16 minutes," Costantino told the Financial Times. Advertisement"The boat sank because it took on water," Costantino said. Advertisement"The water came in from [hatchways] left open," Costantino told FT. "There is no other possible explanation. Witnesses told BBC News they saw a waterspout — an uncommon weather phenomenon consisting of tornadolike wind and water — before the ship went down.
Persons: , Mike Lynch's superyacht, Lynch, Hannah, Mike Lynch, Yui Mok, Giovanni Costantino, Costantino, Recaldo Thomas, Stephen Askins, MailOnline, Matthew Schanck, Schanck Organizations: Service, Business, Divers, Italian Coastguard, Italian Sea Group, Financial Times, BBC News Locations: Sicily, Palermo, Italy, London
Hailed as Britain's Bill Gates, Lynch sold Autonomy, his groundbreaking data-management company, to Hewlett-Packard for $11 billion. Shareholders and business commentators were puzzled about what HP, a hardware company, would do with Autonomy, a software company — and why the latter was worth $11 billion. A year after the acquisition, HP wrote down $8.8 billion of the purchase value and accused Lynch of lying about Autonomy's finances. Lynch said HP stifled Autonomy with mismanagement and bureaucracy that pushed out employees and stymied sales. "This verdict closes the book on a relentless 13-year effort to pin HP's well-documented ineptitude on Dr. Lynch," Morvillo said in a joint statement with his attorney colleague Brian Heberlig.
Persons: , Mike Lynch, Bill Gates, Lynch, Sushovan Hussain, Stephen Chamberlain, Chamberlain, Chris Morvillo, Léo Apotheker, Apotheker, Meg Whitman, James B, Stewart, Time Warner, Bryn Colton, Hussain, hadn't, Henry Nicholls, David Cameron, Cameron, Lynch —, Whitman, Apotheker's, Robert Hildyard, Hildyard hadn't, wasn't, that'd, Guglielmo Mangiapane Morvillo, Morvillo, Brian Heberlig, Angela Bacares, Hannah, Charles Morvillo Organizations: Service, Autonomy, Hewlett, Packard, HP, Business, Cambridge University, Cambridge, Oracle, Adobe, Cisco, Shareholders, New York Times, Time, FBI, Deloitte, Telegraph, The New York Times, KPMG, US Justice Department, Justice Department, High Court, REUTERS, BBC, British Museum, Politico, The Times, Times, Bacares Locations: San Francisco, London, California, Kenya, Sicily
Mike Lynch, 59, is the founder of enterprise software firm Autonomy. Dominic Lipinski | PA Images | Getty ImagesDuring the course of the trial, Lynch took the stand in his own defense. He became a key voice supporting the U.K. technology industry, backing key names like cybersecurity firm Darktrace and legal tech firm Luminance. Mike Lynch, founder of software firm Autonomy, at the company's headquarters in, Cambridge, U.K., Aug. 24, 2000. Bryn Colton | Hulton Archive | Getty Images"I keep rare breeds," Lynch told LeadersIn in a 2016 interview.
Persons: Mike Lynch, Hewlett Packard, Chris Ratcliffe, Lynch, , Angela Bacares —, Bacares, Hannah, Bill Gates, Graham Barclay, David Tabizel, Richard Gaunt, Thomas Bayes, Dominic Lipinski, Autonomy's, Stephen Chamberlain, Sushovan Hussain, Hussain, Thoma, Bryn, LeadersIn Organizations: Autonomy, Hewlett, Bloomberg, Getty, LONDON, CNBC, Sky News, Bancroft's, British Industry, University of Cambridge, Lynett Systems, Cambridge, South Yorkshire Police, Cambridge Neurodynamics, HP, U.S, Packard, Prosecutors, Capital Management, Thoma Bravo, BBC, Council for Science, Technology, Forbes, East Anglian Times, The Times Locations: Sicily, U.S, Porticello, Palermo, Italy, Ilford, East London, Chelmsford, English, Essex, Woodford Green, London, Cambridge, Britain, Suffolk, Bryn Colton, England
Mike Lynch, 59, is the founder of enterprise software firm Autonomy. Lynch, 59, is the founder of enterprise software firm Autonomy. During the trial, Lynch took the stand in his own defense, denying wrongdoing and telling jurors that HP botched Autonomy's integration. "I keep rare breeds," Lynch told LeadersIn during an interview. Weeks before he was reported missing, Lynch told The Times newspaper of how he feared dying in prison if found guilty over the HP allegations.
Persons: Mike Lynch, Hewlett Packard, Chris Ratcliffe, Lynch —, Bill Gates, , Lynch's, Angela Bacares, Hannah —, Morgan, Jonathan Bloomer, Judy, Clifford Chance, Chris Morvillo, Neda, Stephen Chamberlain, Chamberlain's, Lynch, Autonomy's, Chamberlain, Sushovan Hussain, Hussain, David Tabizel, Richard Gaunt, Thoma, LeadersIn, Weeks Organizations: Autonomy, Hewlett, Bloomberg, Getty, LONDON, U.K, Morgan Stanley, Reuters, HP, U.S, Prosecutors, University of Cambridge, Lynett Systems, Cambridge, South Yorkshire Police, Cambridge Neurodynamics, BBC, Council for Science, Technology, Capital Management, Thoma Bravo, Forbes, East Anglian Times, The Times Locations: Sicily, Porticello, Palermo, Italy, Cambridgeshire, England, Britain, U.S, Ilford, East London, Chelmsford, English, Essex, U.K, British, Suffolk
Read previewSerial liar and former US congressman George Santos pleaded guilty to criminal charges in court Monday, avoiding a criminal trial. Santos ultimately pleaded guilty on Monday to two counts — one count of wire fraud and one count of identity theft — as part of a plea agreement. Advertisement"You trusted me to represent you with honor and to uphold the values that are central to our democracy," Santos told reporters outside court after the hearing. Related storiesCourt filings previously indicated Santos was in talks for a plea deal as early as December. Two associates of Santos — Nancy Marks and Sam Miele — have previously pleaded guilty to fraud charges against them and would have likely testified in Santos' trial.
Persons: , George Santos, Santos, Joann Seybert, Seybert, Breon, I've, Goldman Sachs, Hannah Montana, Zack, Cody, Tom Williams, Ferragamo, Santos — Nancy Marks, Sam Miele —, Tom Suozzi, Jimmy Kimmel Organizations: Service, Business, Eastern, of, Republican, The New York Times, Citigroup, Baruch College, New York University, Disney Channel, U.S . Capitol, Inc, Getty, Congress Locations: of New York, New York, Long, Queens, The, Brazil, Eastern, OnlyFans, Hermes, United States, New
Short-seller Hindenburg Research made accusations against the head of India's market regulator. It said that the regulator had links to offshore funds also used by the Adani Group. Adani companies lost around $2.43 billion in market value during a share sell-off on Monday. AdvertisementGautam Adani, one of the world's richest men and founder of Adani Group, has suffered yet another setback. This week, fresh accusations by activist short-seller Hindenburg Research led to a heavy share sell-off at Adani's group of companies, wiping off around $2.4 billion in their total market value, according to Reuters.
Persons: , Gautam, Hindenburg Organizations: Hindenburg, Adani, Service, Hindenburg Research, Reuters, Business Locations: New York
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