Alibaba shares plummeted

24.11.2023
Alibaba co-founder Jack Ma has abandoned plans to sell shares in the company. Shares in the Chinese tech giant plummeted last week after it abandoned a plan to spin off its $11bn cloud business. The...
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Bankrupt Genesis sues Gemini to recover $690 million in damages

23.11.2023
In a lawsuit filed Tuesday in New York bankruptcy court, Genesis claims Gemini's withdrawals were unprecedented and amounted to a "run on the bank" at the expense of the cryptocurrency lender's other creditors. The lawsuit...
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New aerodynamic gas turbine offering comes to market

23.11.2023
PROENERGY, a global provider of peaking power solutions based in Sedalia, Missouri, has launched a new 48 MW aeroderivative gas turbine designed to respond quickly to gaps between electricity supply and demand. The unveiling of...
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US Securities and Exchange Commission delays BTC filings again

20.11.2023
Bitcoin enthusiasts eagerly awaiting the green light to launch a bitcoin exchange-traded fund (ETF) will have to be patient as the US Securities and Exchange Commission (SEC) has once again delayed decisions on filings. The...
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Foxconn’s electric car division falls in debut market

20.11.2023
Shares of Foxtron Vehicle Technologies, a unit of Taiwanese contract manufacturer Foxconn, fell on Monday's market debut amid concerns about unfavourable factors in the highly competitive electric vehicle market. Foxtron shares did recover slightly from...
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