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    1. Business News
    2. Authors
    3. bloomberg

    Bloomberg

    Phony ChatGPT Brief Leads to $5,000 Fine for NY Lawyers
    Phony ChatGPT brief leads to $5,000 fine for NY lawyers

    Castel imposed the fine following a June 8 hearing in which he questioned Schwartz, LoDuca and Levidow’s sole equity partner,…

    By Bloomberg
    June 23, 2023 13:37 IST
    Justice Department has been among other US agencies probing Binance
    Binance hires former Justice Department prosecutor in SEC fight

    Reportedly, M Kendall Day will appear in the SEC case as counsel for Binance

    By Bloomberg
    June 23, 2023 13:00 IST
    Jio, Mukesh Ambani, Reliance, fundraising, equipment purchase, Nokia, investment
    Ambani’s Jio in talks to raise about $1.6 billion for equipment

    The loan will likely have a maturity of as much as 15 years and will be priced over the Secured…

    By Bloomberg
    June 23, 2023 12:45 IST
    Adani Group, Hindenburg report, US authorities, regulatory scrutiny, share prices, stock manipulation, accounting fraud, financial results, ESG funds, Deutsche Bank
    Adani Group draws regulatory scrutiny in US after Hindenburg report

    The US Attorney’s Office in Brooklyn, New York, has sent inquiries in recent months to institutional investors with large holdings…

    By Bloomberg
    June 23, 2023 12:38 IST
    France is one of several countries this year that banned the app for public employees
    Advertisers embrace TikTok in Cannes despite the country’s ban

    This marked a contrast with the way US officials speak about TikTok’s security risks and powerful algorithms

    By Bloomberg
    June 23, 2023 12:22 IST
    It’s believed that regulators have stepped up their scrutiny of stablecoins
    Japan’s biggest bank MUFG is in talks to issue global stablecoins

    Reportedly, Japan’s stablecoin law became operative on June 1

    By Bloomberg
    June 23, 2023 11:47 IST
    The exchange was founded in 2018 and launched the following year
    Steve Cohen-backed 24 Exchange shuts down spot crypto product citing weak demand

    Reportedly, 24 Exchange raised $14 million in late 2021

    By Bloomberg
    June 23, 2023 10:20 IST
    3M
    3M agrees $12.5 billion payout to US municipal water authorities over polluting drinking water supplies

    The water pollution cases are part of roughly 4,000 lawsuits targeting 3M and other companies over PFAS environmental harms that…

    By Bloomberg
    June 23, 2023 09:47 IST
    Going by sources, AnubisDAO is a dog-inspired decentralised finance (DeFi) project
    Bitcoin set for best week since March fueled by speculation over ETFs

    Reportedly, the token edged below $30,000

    By Bloomberg
    June 23, 2023 09:03 IST
    Shell energy, India
    Church of England Pensions Board to offload stake in Shell, cites lack of ambition to decarbonise

    Shell said last week it intends to devote an ever larger chunk of annual spending to oil and gas, a…

    By Bloomberg
    June 23, 2023 08:00 IST
    Tata Steel, steel production, crude steel, revenue, deliveries, domestic deliveries, automotive, commercial vehicles, industrial products, branded products, Tata Steel Aashiyana
    Tata Steel says it won’t reach emissions goal by 2030 with current tech

    Tata Steel is seeking to trim emissions from the current 2.5 tons of carbon dioxide for every ton of the…

    By Bloomberg
    June 23, 2023 07:55 IST
    Covestro
    Covestro rejects Abu Dhabi National Oil’s $12 billion takeover proposal

    In a recent meeting with Covestro leadership, Al Jaber had proposed a potential bid in the mid 50 euros per…

    By Bloomberg
    June 23, 2023 07:00 IST
    US Securities and Exchange Commission,Regulation,Commodity Futures,Markets,Finance,Government,Americas,Well Spent,Futures Markets,markets
    JPMorgan mistakenly deleted 47 million records, SEC alleges

    JPMorgan declined to comment. The bank didn’t admit to or deny the regulator’s allegations. 

    By Bloomberg
    June 22, 2023 22:17 IST
    US Fed, inflation, consumer price index, food costs, rate hikes, housing market, global economy, deflationary risk, investors, recovery, GDP, fuel subsidies
    Fed chief Powell to testify before the Senate Banking committee today

    The Federal Open Market Committee paused its series of interest-rate hikes last week for the first time in 15 months.

    By Bloomberg
    June 22, 2023 18:37 IST
    Homomorphic encryption can allow information holders to get the benefit of AI analysis
    AI and crypto are becoming regulatory frenemies: Aaron Brown

    Experts believe that AI scares people because it threatens individual human agency and privacy

    By Bloomberg
    June 22, 2023 17:45 IST
    Bank of England, rate hike, inflation, BOE minutes meeting
    Shocker from Bank of England! Central bank raises rates by 50 bps, warns to hike again

    Markets had priced in only a 40% chance of a half-point hike, with most economists anticipating a quarter point.

    By Bloomberg
    June 22, 2023 17:38 IST
    Swiss National Bank, interest rate, repo rate, rate hike, inflation, inflationary pressure, consumer prices, economy, price growth, purchasing power, financial conditions
    Swiss National Bank raises interest rate to 1.75%, says more increases likely

    The decision to dial down hiking suggests Swiss officials are becoming less concerned about the threat posed to consumer prices…

    By Bloomberg
    June 22, 2023 16:51 IST
    US Antitrust regaulator claims Google engaged in 15 years of anticompetitive conduct, including a pattern of acquisitions to dominate the market
    EU’s support for breakup gains momentum: Google’s adtech faces uncertain future

    The European Commission last week joined the Department of Justice in touting a breakup as a viable remedy for the…

    By Bloomberg
    June 22, 2023 15:59 IST
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    Latest News

    Sanjeev Sanyal addressing education and skill development reforms; he criticizes the UPSC obsession as outdated and urges focus on AI and apprenticeships.

    PM’s Economic Advisor Sanjeev Sanyal calls UPSC pursuit ‘a complete waste of time’ – Why he said so?

    Valuation reality

    IndiGo raises crew allowances as operations stabilise

    D Gukesh succumbed to a defeat to a 12-year-old in the FIDE World Blitz Championship. (File Photo: X/@FIDE_chess)

    World champion Gukesh loses to 12-year-old at World Blitz Championship

    Tariff Tanturm: Headroom for duty cuts but India must keep self interest intact

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