Forgiving 61 Billion
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‘People are looking to forgive him’: inside Will Smith’s carefully choreographed comeback
Two years after that slap at the Oscars made him persona non grata, the Fresh Prince is making a fresh start with a return to Bad Boys. His rehabilitation seems assured – so long as his films don’t flop. In one of those dumb ironies that can ...The Guardian - World -
Market value of carbon offsets drops 61%, report finds
Negative scientific and press reports on the efficacy of carbon credit projects has led to a ‘direct pullback in buyer investment’. The market for carbon offsets shrank dramatically last year, falling from $1.9bn (£1.5bn) in 2022 to $723m in 2023, ...The Guardian - World -
Why are 61% of parents still giving financial help to their adult kids? It’s the economy, stupid.
“Early-career recessions can have permanent effects,” one economist told MarketWatch.MarketWatch - Business -
Brookfield in Talks for $6.59 Billion Deal for France's Neoen
Brookfield Asset Management is in talks to acquire France’s Neoen in a deal that values the renewable-power producer’s equity at $6.59 billion.The Wall Street Journal - Business -
Court orders business mogul to pay whopping $1 billion divorce settlement
The chairman of South Korea's sprawling SK Group was ordered to pay his wife $1 billion in cash in the country's largest ever divorce settlement.CBS News - Top stories -
EXCLUSIVE: The Biden Administration to Outline Small-Business Grant Opportunities Worth Billions
The White House's Lael Brainard hopes the new guide will be a 'one-stop shop' for businesses scouring for funding opportunities.Inc. - Business - Joe Biden -
Biden administration awarding nearly $1 billion for green school buses
The Biden administration is sending $900 million in rebates to more than 500 school districts.CBS News - Politics - Joe Biden -
Google Plans $2 Billion for Malaysia Data Center, Cloud Services
The investment by Alphabet’s Google is the latest in a string of multibillion-dollar plans by Western tech giants to meet growing computing needs in Southeast Asia.The Wall Street Journal - Tech - Google -
Google to invest $2 billion in Malaysian data center and cloud hub
Google plans to invest $2 billion in Malaysia, developing its first data center and a Google Cloud hub in the latest big foray by a U.S. tech giant in the Southeast Asian countryABC News - Tech - Google -
‘Largest Botnet Ever’ Tied to Billions in Stolen Covid-19 Relief Funds
The US says a Chinese national operated the “911 S5” botnet, which included computers worldwide and was used to file hundreds of thousands of fraudulent Covid claims and distribute CSAM, among other crimes.Wired - Tech -
Saudi Aramco offers nearly $11.5 billion in new stock for sale
Aramco will offer 1.545 billion shares in a price range between 26.70 and 29 Saudi riyals per share on Sunday.CNBC - Business -
Apple Supplier STMicroelectronics to Build $5.4 Billion Chip Plant in Italy
STMicroelectronics is planning a new manufacturing plant in Italy for an investment of around $5.4 billion that will come with state support, as the chip maker jockeys for position in the semiconductor market’s recovery.The Wall Street Journal - World - Apple -
Saudi Arabia to Kick off Aramco Stock Sale of Up to $12 Billion
Saudi Arabia confirmed it plans to sell a portion of its stake in oil giant Aramco valued at up to $12 billion.The Wall Street Journal - World -
Japan confirms first currency intervention since 2022 with $62 billion in spending
Data from Japan's Ministry of Finance confirmed the country's first currency intervention since 2022, after the yen plunged to a 34-year-low in April.CNBC - Business - Japan -
Elon Musk Lobbies on X for His $46.5 Billion Tesla Pay Package
The Tesla chief executive is taking to his social media company to press shareholders to vote for a critical pay package on June 13.The New York Times - Business - Elon Musk -
Dubai bling: Billions of dollars worth of African gold is being smuggled into the UAE each year, research finds
Each year, as much as $35 billion worth of gold from artisanal and small-scale mining in Africa is smuggled out of its borders, a report found.CNBC - Business -
KKR's $23 Billion Acquisition of Telecom Italia's Broadband Network Receives EU Approval
Unconditional approval from the EU means that the deal can go ahead without KKR or Telecom Italia having to make so-called remedies or commitments.The Wall Street Journal - World - European Union -
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KKR's $23 Billion Acquisition of Telecom Italia's Broadband Network Receives EU Approval
Unconditional approval from the EU means that the deal can go ahead without KKR or Telecom Italia having to make so-called remedies or commitments.The Wall Street Journal - Business - European Union -
China will impose export controls on billions of dollars of aviation equipment, technology and software, a move it said was aimed at enhancing national security.
China will impose export controls on billions of dollars of aviation equipment, technology and software, a move it said was aimed at enhancing national security.The Wall Street Journal - World - China -
Alphabet's Google said it would invest $2 billion to establish a data center in Malaysia to power new cloud services.
Alphabet’s Google said it would invest $2 billion to establish a data center in Malaysia to power new cloud services.The Wall Street Journal - World - Google -
Tens of billions of dollars in gold flows illegally out of Africa each year, a new report says
A new report has found that billions of dollars in gold is smuggled out of Africa each year and most of it ends up in the United Arab Emirates, where it is refined and sold to customers around the worldABC News - World -
Oil giant Saudi Aramco offers a second stock tranche worth billions of dollars
Saudi Arabia says it will sell a second sliver of stock in its state oil giant Aramco worth billions of dollars, its first tranche since its initial public offering back in 2019ABC News - World -
Ex-CEO of $2 billion company: I couldn't break the glass ceiling—so I went around it instead
On her path to becoming IHOP's first-ever female CEO, Julia Stewart took detours around career obstacles that might have otherwise blocked her ascent.CNBC - Business -
Top proxy advisor ISS recommends against Elon Musk's $56 billion Tesla pay package
Top proxy advisor Institutional Shareholder Services on Friday recommended that Tesla shareholders vote against the reapproval of CEO Elon Musk's $56 billion pay packageCNBC - Business - Tesla -
Lessons From the Fall (of Boeing), Elon Musk’s $56 Billion Pay Fight, and More
Inc.'s daily news digest for small businesses and entrepreneurs.Inc. - Business -
Bill Ackman selling stake in Pershing Square at $10.5 billion valuation, aiming for IPO one day
Billionaire investor Bill Ackman is selling a 10% stake in Pershing Square, aiming to eventually take his investment firm public.CNBC - Business -
Elon Musk Gets Testy Over Growing Opposition to His $56 Billion Tesla Pay Package
As proxy investor advisory firms and major shareholders voice hostility to signing off on his record-setting 2018 payout, Elon Musk lashes out using X, another company he owns.Inc. - Business - Elon Musk -
US Energy Secretary calls for more nuclear power while celebrating $35 billion Georgia reactors
U.S. Energy Secretary Jennifer Granholm is calling for more nuclear reactors to be built in the United States and worldwideABC News - Tech -
The Wall Street Whisperer Leading the Charge for Elon Musk's $46 Billion Pay Package
Tesla chair Robyn Denholm is trying to convince investors to approve Musk’s pay packageThe Wall Street Journal - World