Investors have pulled out more than $790 million from the cryptocurrencies Binance and Binance.US (or more than $778 million and roughly $13 million, respectively). The U.S. Securities and Exchange Commission (SEC) filed a lawsuit against Binance and its creator Changpeng Zhao on Monday. They are...

Reuters: Shell ends its retail operations in the Netherlands, Germany, and the United Kingdom. According to Reuters, British-Dutch Shell announced leaving the retail energy markets in Britain, Germany, and the Netherlands due to low revenues. Following Wael Sawan's appointment as CEO, Shell began...

The Securities and Exchange Commission (SEC) sued the biggest cryptocurrency exchange Binance and its CEO Changpeng Zhao. The Securities and Exchange Commission (SEC) has filed a case in federal court against Binance, the largest cryptocurrency exchange in the world, and its CEO, Changpeng Zhao....

The FT learned that UBS is considering delaying the release of its second quarter financial results due to the acquisition of Credit Suisse. Informed sources told the Financial Times that Swiss bank UBS is considering delaying the release of its financial results for the second quarter of 2023 due...

Elon Musk, the CEO of Tesla Inc., expressed interest in growing his company's presence in China to Chinese Foreign Minister Qin Gang on Tuesday. This comes after a statement made by the Chinese Foreign Ministry following today's meeting between Musk and Gang. Musk also expressed his opposition to...

Two South Korean companies, LG Energy Solution and Hyundai Motor Group, will construct an electric vehicle battery plant in the US. Each business will own a 50% stake in the joint venture, which they will fund with $4.3 billion. The factory will be located in Georgia. Construction will start at the...

Jutta Doenges, the interim CEO of German energy company Uniper, stated that the company wouldn't require any additional financial support from the German government this year.  Due to the reduction and subsequent cessation of gas supplies from Russia, Uniper had significant issues the previous...

The global payment network Visa aims to establish a technology and product center, the first of its kind in Central and Eastern Europe, in Poland. The project will be the first of its kind in Central and Eastern Europe, according to a statement from Visa, one of the industry leaders in digital...

According to the WSJ, Exxon Mobil purchased a land plot in the United States to mine lithium, which is used in the batteries of electric vehicles, smartphones, and other gadgets. The Wall Street Journal’s sources report that U.S. Exxon Mobil has purchased the fossil rights to a location in the US...