Arthur Hayes, chief executive officer of BitMEX, speaks during the Consensus: Invest event in New York, U.S., on Tuesday, Nov. 28, 2017. Michael Nagle | Bloomberg | Getty ImagesPresident Donald Trump has granted pardons to three co-founders of the BitMEX cryptocurrency exchange, CNBC has learned.The co-founders, former CEO Arthur Hayes, Benjamin Delo and Samuel Reed, previously pled guilty to a range of federal criminal charges related to money laundering and failure to police the exchange.The trio received criminal sentences of probation, and ordered to pay civil fines totaling $30 million.Prosecutors accused the men of effectively operating BitMEX as a “money laundering…
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BYD hit new highs in 2024, reporting record revenue and accelerating its sustainability efforts. Quite interestingly, it has taken down Tesla. What fueled the Chinese EV giant’s record-breaking success? Surging EV sales and bold green energy initiatives propelled BYD to the top. BYD’s Profits and Sales Hit New Highs BYD’s net profit jumped 73.1% in Q4 2024, reaching a record 15 billion yuan ($2.1 billion). Strong sales and competitive pricing fueled this growth. Revenue surged 52.7% to 274.9 billion yuan. Yahoo Finance revealed that for the full year, profit rose 34% to 40.3 billion yuan. Revenue climbed 29% to 777…
BYD hit new highs in 2024, reporting record revenue and accelerating its sustainability efforts. Quite interestingly, it has taken down Tesla. What fueled the Chinese EV giant’s record-breaking success? Surging EV sales and bold green energy initiatives propelled BYD to the top. BYD’s Profits and Sales Hit New Highs BYD’s net profit jumped 73.1% in Q4 2024, reaching a record 15 billion yuan ($2.1 billion). Strong sales and competitive pricing fueled this growth. Revenue surged 52.7% to 274.9 billion yuan. Yahoo Finance revealed that for the full year, profit rose 34% to 40.3 billion yuan. Revenue climbed 29% to 777…
Furthering the process of establishing a carbon market in India, the government has approved detailed procedure for offset mechanism for eight different segments, including for renewable energy, green hydrogen production, industrial energy efficiency, landfill methane recovery, and mangrove afforestation and reforestation. An offset mechanism is a voluntary system where entities can compensate for greenhouse gas emissions by investing in projects that reduce, remove, or avoid emissions elsewhere, earning carbon credits. The framework approved by the government enables businesses, industries, and organizations-particularly those not covered under the compliance mechanism-to participate in climate action and receive carbon credits for verified emission reductions.>…
Image source: Aston Martin Aston Martin Lagonda (LSE:AML) shares have remained stuck in reverse over the last year. The FTSE 250 carmaker now deals at 70.2p per share, a whopping 59.5% lower than it was 12 months ago. Someone who bought £10,000 worth of shares would have seen the value of their investment tumble to £4,046. They wouldn’t even have received any dividends to help soften the blow, either. Aston Martin’s share price sits significantly below the 661.9p it was at five years ago. But past performance is not always a reliable guide to the future, and investing in the…
Tokio Marine HCC International (TMHCCI) is joined by Markel and Apollo in announcing they are providing insurance capacity for Artio, to power its data-driven early-stage carbon credit delivery insurance product. The new, innovative cover will be available to businesses globally with immediate effect.Artio’s data driven insurance products enable investors to confidently back early-stage carbon removal projects by providing risk mitigation from day one. This increased security aims to accelerate market growth and boost the supply of high-integrity carbon-dioxide removal (CDR) carbon credits, critical for helping corporations and governments meet their 2030 climate commitments.TMHCCI, a member of the Tokio Marine HCC…
Nickel is a key metal used in many industries. It’s found in stainless steel, electric vehicle (EV) batteries, and other high-tech uses. The nickel market has been volatile lately. This is due to global economic concerns and changes in supply. This article explores recent trends, factors affecting prices, and the future of nickel. Nickel Market Swings: Why Prices are Fluctuating Nickel prices have been highly volatile in early 2025. Worries about a U.S. recession, shaped by Trump’s economic policies, have hurt investor confidence. Nickel started the year at around $17,000 per metric ton but dropped below $16,000 in March, according…
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At International Maritime Organisation (IMO) talks next week, the trading of carbon credits between shipping companies looks increasingly likely to be the most favoured price-related mechanism… Source link
(Bloomberg) — Ghana’s new central bank Governor Johnson Asiama showed his commitment to fighting inflation by unexpectedly raising the benchmark interest rate. Most Read from Bloomberg The monetary policy committee lifted the policy rate to 28% from 27%, Asiama told reporters at a press briefing in Accra, the capital on Friday. None of the five economists in a Bloomberg survey expected an increase – the first since July 2023. It was Asiama’s first policy decision since replacing Ernest Addison as governor in February. The hike “is meant to re-anchor the disinflation process,” Asiama said. “I want to emphasize that as…