The Biz Journals

Author: admin

  • Eight states file enforcement action against crypto lending platform Nexo

    Eight states file enforcement action against crypto lending platform Nexo

    New York State Attorney General Letitia James speaks at a news conference after former U.S. President Donald Trump’s White House chief strategist Steve Bannon arrived to surrender, in New York, U.S., September 8, 2022. Caitlin Ochs | Reuters Eight states announced on Monday they’re bringing actions against the crypto lending platform Nexo Group in connection…

  • Feds commit $50 million to for-profit nuclear fusion companies, chasing the ‘holy grail’ of clean energy

    Feds commit $50 million to for-profit nuclear fusion companies, chasing the ‘holy grail’ of clean energy

    A picture shows the winding facility for the construction of poloidal field coils which will be part of the magnetic system that will contribute to confine and model plasma during the launch of the assembly stage of nuclear fusion machine “Tokamak” of the International Thermonuclear Experimental Reactor (ITER) in Saint-Paul-les-Durance, southeastern France, on July 28,…

  • Facebook takes down political influence operations from China and Russia

    Facebook takes down political influence operations from China and Russia

    Facebook parent company Meta said it took down two unconnected networks of accounts based in China and Russia seeking to influence political narratives in the U.S. and Europe. The platform regularly searches for and removes accounts it believes to have violated its policy against coordinated inauthentic behavior. Such activity became a flashpoint in the U.S. after the 2016 presidential…

  • South Korea’s president pardons Samsung leader Jay Y. Lee

    South Korea’s president pardons Samsung leader Jay Y. Lee

    Samsung Electronics Vice Chairman Lee Jae-yong speaks during U.S. President Joe Biden’s visit on May 20, 2022 in Pyeongtaek, South Korea. Kim Min-Hee | Pool | Getty Images News | Getty Images South Korea’s President Yoon Suk-yeol pardoned Samsung Electronics Vice Chairman Jay Y. Lee on Friday, with South Korea’s Justice Ministry saying the business…

  • This Chinese province set a 9% GDP target — but then it locked down

    This Chinese province set a 9% GDP target — but then it locked down

    Sanya, on the southern coast of Hainan, was the top destination for couples flying from three of China’s largest cities last week for China’s version of Valentine’s Day, according to booking site Trip.com. Lucas Schifres | Getty Images News | Getty Images BEIJING — China’s tourist-heavy province of Hainan is falling further behind lofty growth…

  • Huawei’s second quarter revenue rises slightly from a year ago

    Huawei’s second quarter revenue rises slightly from a year ago

    Chinese telecommunications giant Huawei released figures Friday that showed its first quarterly increase in revenue since 2020. Pictured here on July 8, 2022, is a Huawei flagship store in Shenzhen, Guangdong province of China. Jade Gao | Afp | Getty Images BEIJING — Chinese telecommunications giant Huawei released figures Friday that showed its first quarterly…

  • German energy giant RWE to burn extra coal as Russian gas supplies dwindle

    German energy giant RWE to burn extra coal as Russian gas supplies dwindle

    An excavator photographed at a lignite mine operated by RWE on April 8, 2022. RWE says it wants to be carbon neutral by 2040. The chief financial officer of German energy firm RWE told CNBC Thursday that it will burn more coal in the short term — but insists its plans to be carbon neutral in the…

  • 5 things to know before the stock market opens Friday

    5 things to know before the stock market opens Friday

    Traders on the floor of the NYSE, Aug. 11, 2022. Source: NYSE Here are the most important news items that investors need to start their trading day: 1. Markets looking up U.S. stock futures pointed to a rally Friday morning, a day after the three major indexes posted mixed results. On Thursday, the Dow finished slightly positive, while the…