A property investor family, the Schreibers, is accused of exploiting a tax loophole by hosting fake prayer sessions to avoid business rates on commercial properties. Simultaneously, a similarly named company provides temporary accommodation to councils, raising concerns about potential conflicts of interest and profit maximization.
Sky is exiting its joint venture, Sky News Arabia, with UAE's IMI, relinquishing ownership due to concerns over its coverage of the Sudan war, accused of genocide denial. Sky will retain brand licensing.
Cash holdings at traditional industry companies listed in Hong Kong and Shanghai have increased, contrasting with tech firms investing in AI. Companies are deploying capital towards buy-backs and dividends due to subdued confidence and weak investment appetite.
Chinese artificial intelligence high-flier DeepSeek is expected to close its first external financing round soon, boosting its valuation to up to US$50 billion, according to three people familiar with the matter, as the country’s marquee state-backed investment vehicle joins in bankrolling what is seen as a national technology champion. The round was being backed by a group of state-linked investors, including AI-focused affiliates under the third phase of the China Integrated Circuit Industry...
Robinhood Ventures Fund I (RVI), a publicly traded vehicle for retail investors, announced a $75 million investment in OpenAI. The move provides everyday investors access to the AI giant despite past tensions between the companies.
Institutional investors are looking past the crypto market’s two largest behemoths, aggressively rotating capital into alternative cryptocurrencies as geopolitical tensions in the Middle East agitate traditional markets. Data from SoSoValue shows that US-based investment vehicles tracking the spot price of XRP absorbed $55.39 million in fresh capital over the past week, positioning the asset as […] The post Wall Street moves beyond the Bitcoin ETF trade as XRP leads altcoins on fragile macro relief appeared first on CryptoSlate.
