A U.S. Bankruptcy Judge ruled that the FTX Recovery Trust can proceed with claims to recover at least $1.76 billion from Binance entities and Changpeng Zhao, allegedly transferred during a 2021 share repurchase, while dismissing other claims related to FTX's collapse.
Investors showed overwhelming demand for China's CXMT IPO, a leading DRAM producer, submitting applications for nearly 817 billion shares. The high interest triggered a clawback mechanism, shifting shares to retail investors, highlighting appetite for domestic chip alternatives. Winning lottery numbers for allocations are due Monday.
The prime minister said universities will be held to account on tackling antisemitismIn his speech Keir Starmer also said that, if arts organisations platform antisemitism, the Arts Council “must act using its powers to suspend, withdraw and clawback funding”.And he announced a review into whether this is happening properly. He went on:And today we’re mandating an independent audit of how allegations are handled. This will be a hard-edged review of where systems are failing and where they need to be strengthened.We will not and cannot accept complacency, delays or weak enforcement.We’re rolling out antisemitism training for staff and in our schools, colleges and universities. We’re investing £7m to tackle antisemitism while making sure Holocaust education is taught in all schools.And today, we’re going further. Continue reading...
Shopkeepers charged millions of pounds, including alleged £10,000 penalty for mistake that cost firm £7.08Vodafone incentivised its security staff to increase “clawbacks” levied on its own franchisees, as part of a programme that led to the telecoms group fining its own shopkeepers millions of pounds for seemingly small administrative errors.The policy – which included one alleged case of a £10,000 penalty for a franchisee whose mistake cost Vodafone £7.08 – involved setting “key performance indicators” (KPIs) for the telecoms group’s internal employees to collect total annual fines of £1.5m from the small business people running the FTSE 100 company’s high street stores. Continue reading...
