Japanese stocks fell for a second day as an impasse in US debt ceiling negotiations convinced some investors

French gaming nerds are planning to open the world's biggest video game museum...

It says something about the popularity of Colombia’s government that a political scandal which threatens to undermine the

North Dakota Governor Doug Burgum launched a long-shot bid for the Republican presidential nomination, betting that a little-known

Oil declined after rallying almost 10% over the past two weeks, with technical indicators suggesting recent gains may

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

ISLAMABAD Pakistan lowered its GDP growth forecast for the current fiscal year, ending June 30, to 0.29% from

Taiwanese electronics giant Foxconn has bought a huge tract of land on the outskirts of Indian tech hub Bengaluru, the key Apple supplier said in a filing Tuesday as it...

A federal judge ordered the release of legal documents related to a fight over the grand jury testimony

By Pete Schroeder and Chris Prentice WASHINGTON The Federal Reserve said on Wednesday it fined Deutsche Bank and

BERLIN Unexpectedly good sales of Yeezy inventory left over from its abandoned collaboration with rapper Kanye West helped

CHICAGO Tyson Foods Inc will terminate about 262 employees in South Dakota who chose not to move to