Apr 5, 2021
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Alibaba to pay US $600M to settle allegations it allowed illegal sales
WASHINGTON — The Chinese tech giant Alibaba will pay $600 million to resolve a dispute with the U.S. government over allegations that the Hangzhou-based firm sold and imported illegal pharmaceuticals, controlled substances, regulated chemicals, and pill-making equipment into the U.S. Alibaba operates some of the world’s largest e-commerce platforms, including Alibaba.com and AliExpress.com. The…
Vance anti-fraud task force suspends 447 hospices in Los Angeles over more than $600M in suspected fraud
NEWYou can now listen to Fox News articles! FIRST ON FOX: The anti-fraud task force led by Vice President JD Vance has suspended 447 hospices and 23 home health agencies suspected of fraud in Los Angeles, with a total fraud estimate of more than $600 million. The number of suspensions is a roughly 539% increase from the 70 reported by Fox News Digital at the beginning of April. “Where there is…
How reality crushed Ÿnsect, the French startup that had raised over $600M for insect farming
French startup Ÿnsect shot into the spotlight when “Iron Man” star Robert Downey Jr. touted its merits on the Late Show during Super Bowl weekend 2021. Now, nearly four years later, the insect farming company has been placed into judicial liquidation — essentially bankruptcy — for insolvency. The company’s demise is hardly a surprise, as Ÿnsect had been embattled for months. Still, there is…
Africa: AUC Chairperson Underscored Africa's Deep Energy Paradox - a Continent Rich in Resources Where 600m People Lack Electricity and 900m Still Rely On Biomass.
At the opening of the African #Energy Efficiency Ministerial Conference at the African Union (AU) headquarters in Addis Ababa, Ethiopia this morning, the Chairperson of the AU Commission H.E. @ymahmoudali underscored Africa’s deep energy paradox: a continent rich in resources where 600M people lack electricity and 900M still rely on biomass. He called for urgent action to overcome the triple…
Why CoinShares Just Quit the $600M XRP and SOL ETF Battle
The company’s CEO said they have a new focus. One of the largest cryptocurrency-focused companies, CoinShares, said on Friday that it has withdrawn all of its applications to launch spot crypto ETFs in the United States, including filings for XRP and SOL. At the same time, the demand for both large-cap altcoins on Wall Street has been rather impressive, with the cumulative total inflows…