Temasek Holdings, a Singapore investment fund reduced financial pays of employees who were in charge of making investments in the cryptocurrency startup FTX Group, which failed last year. Temasek’s internal inquiry determined that the $275 million investment in FTX was not illegal, and did not violate any of the fund's guidelines.  The business also acknowledges that there are risks...

According to the WSJ, US authorities have given a record $279 million prize to whistleblower from Ericsson, who revealed that the Swedish business obtained contracts in poor nations through bribery. A record $279 million award from the U.S. Securities and Exchange Commission (SEC) Cash for Claims program was given to a whistleblower in the case of Swedish telecoms equipment firm Ericsson...

Bloomberg: Nvidia chief's fortune rises to $34 billion after share price spikes. Jensen Huang, the CEO and co-founder of American graphics card manufacturer Nvidia, saw a $6 billion increase in wealth, which brought his total wealth to a record $34 billion, according to Bloomberg. Huang's wealth increased by $6 billion, or 23%, to almost $34 billion at the start of trading, setting a record for...

Italian Ministry of Economy and Finance and Lufthansa Group have announced that the German airline has purchased a part in ITA Airways (formerly Alitalia), the national carrier of Italy. 41% of ITA were purchased by Lufthansa for €325 million. It is an option for Lufthansa to grow its ownership of the Italian business. The German corporation may eventually boost its share to 90%, according to...

The European Court of Justice upheld Ryanair's appeal against Italian state subsidies for COVID-19-affected airlines in its second instance decision. The European Union gave its approval to the government payments. In this case, the court again sided with the Irish carrier. The European Union General Court, situated in Luxembourg, stated that "the Commission was unable to provide justification...

The German utility EON SE will establish a new trading division in Europe to take advantage of opportunities in the European power and natural gas markets, Bloomberg reports. The company, known as EON Energy Markets, will increase portfolio management efficiency. The business will place an emphasis on connecting with shops and winning their support. EON will also develop a trading platform for...

Apple may surpass Amazon as the first business in history to be valued at over $3 trillion, reports Bloomberg. American Apple is very close to reaching the $3 trillion valuation threshold. Bloomberg’s estimates show that Apple’s shares have surged by 35% and the market value by $690 billion since the start of the year. Apple's market value is currently close to $2.76 trillion. Apple's market...

According to Irish broadcaster RTE, Meta has been fined a record-breaking €1.2 billion by Ireland's data protection authority for violations regarding transfer of personal data from the EU to the US. Ireland's data protection authorities fined Facebook’s parent company Meta €1.2 billion for violations regarding transfer of personal data from the EU to the US. The fine is the biggest ever levied...

The China Cyber Administration (CAC) announced on Sunday that US semiconductor manufacturer Micron had failed a cybersecurity test and critical infrastructure operators in China should stop buying its goods. The notification, which was published on the authority's official website, stated that the inspection found that Micron's products had "relatively serious hidden cybersecurity issues that...