SEC sues Coinbase 24 hours after serving papers to rival exchange Binance June 6, 2023 The SEC is suing crypto exchange Coinbase, claiming its owners have been earning billions of dollars while operating illegally.
Coinbase shares sink and Bitcoin price falls after US regulator’s crypto crackdown June 6, 2023 US regulators are suing Coinbase, one of the world’s leading crypto brokers and exchanges, just a day after announcing action against fellow crypto giant Binance. The filing by the US Securities and Exchange Commission (SEC) in a Manhattan court accuses Coinbase of operating as an unlicensed broker since 2019. Per a Reuters report, the SEC [...]
Shell to ditch retail energy arm as suitors circle its 1.5m UK customers June 6, 2023 Shell has confirmed it has decided to exit its home retail energy businesses in the UK, Germany and the Netherlands.
Soaring inflation and recession fears trigger UK dealmaking slowdown June 6, 2023 Mergers and acquisitions in the UK tumbled sharply in the first three months of the year as recession fears and rapid rate hikes spooked dealmakers, official figures have revealed today.
Uncertainty but Optimism for Benelux M&A June 6, 2023 Despite rising inflation, increasing interest rates, the ongoing war in Ukraine, and more, uncertainty remains the biggest issue for M&A dealmaking in the Benelux region in 2023. Nevertheless, the market remains resilient and there are still a lot of opportunities to be had. These were the key conclusions from panellists at a recent event in [...]
Cheap and cheerful: Poundland owner to open 550 new sites as inflation drives expansion June 6, 2023 Poundland owner Pepco has plans to roll out 550 more sites this year across the UK and Europe as its cheap and cheerful goods continue to perform well with customers amidst the cost of living crisis. In its interim results the value shop, which sells everything from groceries to clothes, posted a 22.8 per cent [...]
Navigating Nordic M&A in 2023 June 6, 2023 At a recent event in Copenhagen, panellists met to discuss the headwinds and tailwinds affecting dealmaking in the Nordics. The conclusions? While inflation and higher interest rates will continue to challenge the market, realism and strategic discipline should help drive M&A in the region in the months ahead. Inflation and interest rates The record rate [...]
Ballooning public debt only strengthens the case for adopting crypto June 6, 2023 Temple Melville, CEO of The Scotcoin Project Community Interest Company, explains why growth in the economy is so important.
‘The destruction of Ukraine’s Kakhovka dam is an abhorrent act – and a war crime’ – Cleverly June 6, 2023 James Cleverly said that damage to a dam in Ukraine, which Russia is accused of carrying out, is a “catastrophe” and an “abhorrent act”. Ukraine has accused Russian forces of blowing up a major dam and hydroelectric power station in a part of southern Ukraine “The destruction of Kakhovka dam is an abhorrent act,” the [...]
Gary Gensler’s ongoing dogfight with crypto rattles digital asset markets June 6, 2023 Bitcoin is down more than 4% this morning, while Ethereum is in the red by around 3% as the SEC's case against Binance hits markets.
