Short seller Carson Block scored a fresh victory this week when a plunge in shares of Solutions 30 SE provided a favorable outcome for the negative bet placed by his firm Muddy Waters Capital LLC.
Agency 63
The Philippines resumed deploying workers to Saudi Arabia, a day after suspending the practice because of reports that Filipinos were being asked to pay for Covid-19 quarantine and insurance costs.
Delivery for Tesla Inc.’s Model S Plaid will be pushed back a week to June 10, CEO Elon Musk said in a tweet.
Washington reimposes sanctions against Lukashenko regime for forced landing of Ryanair flight
Researchers split from Musk-funded outfit aiming to stop superintelligent computers from running amok
“SORRY” IS NOT a word you hear often in business. Japanese miscreants may bow in shame. But in the West even architects of some of the world’s most spectacular strategic blunders struggle to express remorse. It took Gerald Levin, boss of Time Warner, a decade to apologise for what he finally admitted was “the worst…
“THE STONE AGE did not end for lack of stone, and the oil age will end long before the world runs out of petroleum.” That battle cry animates critics of Big Oil, who dream of phasing out hydrocarbons in favour of cleaner fuels and technologies. Their bête noire is ExxonMobil, long the richest and mightiest…
Credit Suisse Group AG executives ignored warnings from colleagues about troubled steel tycoon Sanjeev Gupta as they channeled $1.2 billion of client funds to his businesses, according to people familiar with the matter.
Clear winners
AGIC Capital, the private equity firm led by Chinese dealmaker Henry Cai, has restarted a sale of medical laser company Fotona d.o.o. after postponing it due to Covid-19, people with knowledge of the matter said.