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Gautam Adani, chairman of Adani Group, during the inauguration ceremony for the Navi Mumbai International Airport in Navi Mumbai, India, on Wednesday, Oct. 8, 2025. Indranil Aditya | Bloomberg | Getty ImagesThe U.S. Securities and Exchange Commission on Thursday sought court approval for a settlement in its civil lawsuit against Indian billionaire Gautam Adani and his nephew, Sagar Adani, over allegations they misled investors.Under the settlement, Gautam Adani will pay a $6 million penalty, while Sagar Adani will pay $12 million. Both men have consented to “entry of the final judgment without admitting or denying the allegations made in the…
Alphabet sells yen bonds worth $3.6 billion, largest such issue by foreign company Source link
The tourist and ski resort town of Lake Tahoe must scramble to find a new energy supplier by May 2027—the result of a Nevada utility company saying it needs the power capacity in part for new data centers. The resulting energy crisis impacts 49,000 California residents who live near Lake Tahoe, nestled in the Sierra Nevada mountains on the border between California and Nevada. Lake Tahoe’s local electricity provider, California-based Liberty Utilities, has been obtaining 75 percent of its power from the Nevada-based company NV Energy. But the latter has said it will stop providing power to the Lake Tahoe…
The Green Party leader previously told Hackney mayoral candidate Zoë Garbett “you have my vote”. Source link
The Sea Voyager crude oil tanker anchored off the Port of Long Beach in Long Beach, California, US, on Thursday, May 7, 2026.Tim Rue | Bloomberg | Getty ImagesOil prices rose Friday after U.S. President Donald Trump said China has agreed to purchase oil from America, following talks with Chinese leader Xi Jinping.International benchmark Brent crude futures for July gained 1.49% at $107.30 a barrel. U.S. West Texas Intermediate futures for June advanced 1.55% at $102.74 per barrel.”They’ve agreed they want to buy oil from the United States, they’re going to go to Texas, we’re going to start sending Chinese ships to Texas and to Louisiana and…
US set to drop criminal fraud case against India’s Gautam Adani, sources say, as deal reached in civil case Source link
OpenAI CEO Sam Altman arrives at the federal courthouse, as the trial in Elon Musk’s lawsuit over OpenAI’s for-profit conversion continues, in Oakland, California, U.S., May 14, 2026. Manuel Orbegozo | ReutersThe first phase of the Musk v. Altman trial concluded proceedings in federal court in Oakland, California, on Thursday after attorneys for Elon Musk and OpenAI presented their closing arguments to the jury.The nine-person jury, which is made up of six women and three men, will begin deliberating on Monday. The jury’s verdict will be advisory, which means Judge Yvonne Gonzalez Rogers will make the final decision on liability.“You…
Gopixa | Istock Editorial | Getty ImagesThe cryptocurrency industry notched a key win after a Senate panel on Thursday approved the Clarity Act, the first wide-ranging piece of legislation pertaining to the new industry.The Senate banking committee largely voted along party lines, 15-9, with Democratic Sens. Ruben Gallego, of Arizona, and Angela Alsobrooks, of Maryland, joining all Republicans on the panel to vote for the bill. The measure has a long way to go before becoming law, given both powerful opposition and the fact that it would need to clear the full Senate as well as the House before heading…
US President Donald Trump (R) shakes hands with China’s President Xi Jinping at the Great Hall of the People in Beijing on May 14, 2026. Kenny Holston | Afp | Getty ImagesU.S. President Donald Trump said China has agreed to buy American oil, in a pre-recorded interview with Fox News that aired Thursday evening stateside, as the two nations push for concrete trade and business wins at their ongoing bilateral summit.”They’ve agreed they want to buy oil from the United States, they’re going to go to Texas, we’re going to start sending Chinese ships to Texas and to Louisiana and…
Chip export controls not major topic in China talks, US trade rep Greer tells Bloomberg News Source link