President Vladimir Putin has signed decrees to take temporary control of assets belonging to some Western companies in

LONDON England and Wales are on track for the highest quarterly number of company insolvencies since early 2009,

A tentative agreement between striking screenwriters and Hollywood studios offers some hope that the industry’s dual walkouts may be over soon

More curvy models than ever showed up on Milan runways this season, due mostly to a single show by Brazilian designer Karoline Vitto, while designers of color showed their work at collateral events meant to promote diversity in the backrooms of Italian fashion

(Reuters) -About 4,000 workers represented by the United Auto Workers (UAW) reached an agreement with Volvo Group-owned Mack Trucks just

The U.S. military is considering putting armed personnel on commercial ships traveling through the Strait of Hormuz, in what would be an unheard of action aimed at stopping Iran from seizing and harassing civilian vessels

MIAMI--(BUSINESS WIRE)--Oct 2, 2023--

The UK will announce new planning regulations that will lift an effective ban on new onshore wind farms

Traders are adding to bets that the Bank of England’s unexpectedly large interest-rate hike won’t be its last.

The majority of Thais disagree with efforts by populist Pheu Thai Party to form a coalition government after

The Securities and Exchange Commission announced that it had settled fraud charges with the financial firm tied to former president Donald Trump’s Truth Social platform, Street Insider reported. The SEC had accused Digital World Acquisition Corporation (DWAC), a special purpose acquisition company, of making material misrepresentations in forms it filed with the SEC as part of its initial public offering and its proposed merger with Trump Media & Technology Group Corp (TMTG), which Mr Trump founded. DWAC had misled both the SEC and investors when it failed to disclose that it had formulated a plan to acquire and was pursuing the acquisition of TMTG. Special purpose acquisition companies are meant to identify and acquire operating businesses. But the SEC said in the forms DWAC filed to support its IPO in September 2021, neither it nor its officers had said it had discussions with any target companies before its IPO. But the SEC’s order found that the person who would become DWAC’s chief executive and board chairman, along with other people, had extensive special purpose acquisition company meetings with Mr Trump’s company, and that the executive had pursued talks with TMTG for another special purpose acquisition company he created. In turn, the SEC called DWAC’s Form S-1 false and misleading. “DWAC failed to disclose its discussions with TMTG and failed to disclose a material conflict of interest of its CEO and Chairman,” Gurbir S Grewal, the director of the SEC’s enforcement division. “In the context of a SPAC – a ‘blank-check’ entity without business operations – these disclosure failures are particularly problematic because investors focus on factors such as the SPAC’s management team and potential merger targets when making financial decisions.” The SEC said that DWAC violated antifraud provisons of security laws. It had previously announced that it would pay an $18m settlement in the event it closes a merger transaction and it would sign a cease and desist order. Last month, federal authorities arrested Michael Shvartsman, Gerald Shvartsman and Bruce Garelick and the three were named in an unsealed federal indictment. The all pleaded not guilty to insider dealing at a court in New York City this month. Read More Truth Social’s merger partner reaches $18m settlement with SEC

The owner of Facebook and Instagram says it'll put labels on political ads created using artificial intelligence