Category: 3. Business

  • Evolve Bank’s New CEO Charged With Child Pornography Crimes – The Wall Street Journal

    1. Evolve Bank’s New CEO Charged With Child Pornography Crimes  The Wall Street Journal
    2. What the hell is happening at Evolve Bank and Trust?  Protos | Informed crypto news
    3. Ex-Memphis bank Evolve CEO was arrested after FBI sting on Grindr  The Commercial Appeal
    4. Evolve Bank Ousts CEO Bob Hartheimer After Arrest On Sexual Exploitation, Obscenity Counts  CU Today
    5. Bank CEO tries to meet 15-year-old for sex on Grindr app, court docs show  Action News 5

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  • Fly Emirates to Dubai This Winter and Unlock Over 700 Incredible Offers with My Emirates Pass

    Fly Emirates to Dubai This Winter and Unlock Over 700 Incredible Offers with My Emirates Pass

    Emirate announces exclusive offers this winter with My Emirates Pass; with access to over 700 exclusive offers across Dubai. In addition to year-round benefits, Emirates has introduced seasonal offers giving travellers even more ways to make the most of their Dubai visit.

    Running until 31st March 2026, passengers flying, through, or to Dubai can unlock discounts on top culinary experiences, world-class shopping experiences, unmissable leisure attractions, and tranquil luxury spas. Whether it’s an unforgettable family trip, a relaxing couples retreat, or a solo adventure, My Emirates Pass will offer those visiting Dubai unforgettable experiences no matter the season.

    Using My Emirates Pass is as easy as ever, customers will simply need to show their physical or digital boarding pass along with a valid ID at participating venues to enjoy the benefits.

    Passengers who check in online and download their boarding pass to the Emirates App or Wallet should remember to screenshot it before landing, as it will no longer be accessible afterwards.

    Unmissable Seasonal Offerings

    Whether passengers are seeking Dubai’s beautiful golden beaches, world-class hospitality or cultural attractions, the city caters for all visitors. My Emirates Pass offers unrivalled access with huge savings to some of the most exciting experiences including the Arte Museum Dubai and the Messi Experience..

    Dubai Shopping Festival

    The Dubai Shopping Festival is back again starting from 5th December 2025 and will run to 11th January 2026 bringing out of this world experiences to visitors, including exceptional shopping, A-list performances, family fun, unforgettable prizes, and spectacular citywide celebrations, all enjoyed with exciting discounts through your My Emirates Pass. This highly anticipated festival promises an unmatched line-up of live shows, immersive experiences, exclusive deals, and one-of-a-kind moments, making it a season of excitement for everyone.

    For more information or to purchase ticket, visit emirates.com. Tickets can be purchased through Emirates Sales Office, via travel agents or through online travel agents.


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  • K&L Gates Advises Federated Hermes on Strategic Acquisition of FCP Fund Manager LP | News & Events

    K&L Gates Advises Federated Hermes on Strategic Acquisition of FCP Fund Manager LP | News & Events

    Global law firm K&L Gates LLP served as legal counsel to Federated Hermes, Inc. (NYSE: FHI) in its agreement to acquire a majority stake in FCP Fund Manager, LP, a privately held real estate investment manager headquartered in Chevy Chase, Maryland.

    The transaction, which is expected to close in the first half of 2026 pending regulatory approval and customary closing conditions, marks Federated Hermes’ second private markets acquisition of 2025. It follows the firm’s April purchase of Rivington Energy Management and underscores its continued expansion into alternative asset classes.

    FCP specializes in US multifamily real estate, deploying both equity and select debt strategies. Since its founding, the firm has invested in, operated, or financed more than US$14.6 billion in gross asset value, including more than 75,000 apartment units. FCP’s team of more than 75 professionals will continue to manage the business from its six US offices, maintaining deep coverage across 19 high-growth metro areas.

    The deal was led by Chicago partner Brent Williams with relationship partners Clair Pagnano, leader of the firm’s global Asset Management and Investment Funds practice, and Michael Caccese, firm co-chair.

    Pagnano stated: “This acquisition underscores Federated Hermes’ strategic commitment to expanding its private markets platform and strengthening its position in real estate investment management. We’re proud to be advising Federated Hermes on this transaction with FCP and look forward to a successful closing and supporting their continued success in this dynamic space.”

    “On behalf of Federated Hermes, we would like to thank K&L Gates for their expert advice, counseling and active support in the lead up to, and execution of, the definitive transaction agreement between Federated Hermes and FCP Fund Manager, LP. We look forward to continuing to work with K&L Gates towards a successful closing of the transaction,” said George Magera, Federated Hermes’ general counsel.

    K&L Gates is a fully integrated global law firm with lawyers located across five continents. The firm represents leading multinational corporations, growth and middle-market companies, capital markets participants and entrepreneurs in every major industry group as well as public sector entities, educational institutions, philanthropic organizations and individuals.

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  • Ministers’ claims to have helped JLR in doubt as £1.5bn support left untouched | Jaguar Land Rover

    Ministers’ claims to have helped JLR in doubt as £1.5bn support left untouched | Jaguar Land Rover

    Jaguar Land Rover has not drawn down any of a £1.5bn loan facility guaranteed by the government, with suppliers expressing anger over ministers’ claims to have supported the carmaker’s supply chain after a crippling hack.

    Britain’s biggest automotive employer was forced to shut down all of its wholly owned factories from 1 September for more than a month, after cyber-attackers compromised key computer systems.

    Liam Byrne, the Labour MP who heads of parliament’s business select committee, on Friday wrote to the business secretary, Peter Kyle, asking for clarification as to whether any money had reached JLR, and whether the aid was requested by the carmaker.

    Suppliers to JLR have privately expressed anger about the government’s messaging, which appeared to take credit for helping them. An executive at one parts maker said: “In some ways the government played a blinder with everyone thinking they bailed out JLR. They did nothing.”

    JLR was able to restart limited production only in early October. It has since been focusing on ramping up output, with a full rate of production expected by early December.

    The shutdown caused chaos in the UK automotive industry, which was already under pressure after an extended period of low demand. Suppliers laid off thousands of workers to save cash, and this month the Guardian revealed JLR’s plan to pay upfront for parts in order to get money into the supply chain quickly after a month without orders.

    JLR is on track to avoid the worst-case scenario of a shutdown lasting into the new year. However, the Confederation of British Metalforming (CBM), a lobby group representing many of the company’s suppliers, said financial support to parts makers still needed to be accelerated.

    Most suppliers work on 60-day payment terms, meaning some will start to feel the worst of the financial pressure next week, two months after the attack halted orders.

    The crisis prompted calls by MPs for government intervention, before the Labour party conference at the end of September. The evening before the conference, Kyle announced that government-controlled UK Export Finance (UKEF) would guarantee a £1.5bn loan, in effect promising to cover 80% of the debt if JLR were to default.

    The size of the guarantee was “outside of UKEF’s normal risk appetite”, its chief executive warned the business secretary.

    Announcing the loan guarantee, Kyle said it had “the explicit intention that that is to support the supply chain into JLR as well”. In its announcement the government said it would “bolster JLR’s cash reserves so it can support its supply chain which has been greatly impacted by the shutdown”.

    In his conference speech two days later, Kyle trumpeted the government’s intervention. He said: “I’ve announced £1.5bn support – a huge amount of money to help a hugely important company.”

    The Financial Times reported that JLR only formally agreed the loan covered by UKEF this month, with HSBC, Mitsubishi UFJ Group and NatWest acting as potential lenders. Several sources told the Guardian that none of that loan facility had gone into JLR’s accounts, nor had any gone to any of its suppliers. Instead, the carmaker used its existing large cash reserves for its scheme to help suppliers.

    The ability to access a loan readily, even if not used, may have helped JLR marginally by lowering the risk of it breaching other banking agreements. However, the loan guarantee is unlikely to have helped suppliers.

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    A government spokesperson said: “We acted quickly and decisively to put support in place for JLR through a loan guarantee at a critical moment to help the company and its supply chain stabilise the situation.

    “We continue to work closely with JLR, the industry and major banks to keep a close eye on the supply chain through this challenging period.”

    Even after JLR’s own support scheme – which received no help from the government – some suppliers have raised concerns that it is taking some time for payments to trickle down through the “tiers” of the supply chain. While tier 1 suppliers have generally received cash from JLR’s scheme, the carmaker is reliant on them to keep making payments to the lower tiers.

    Byrne, a Labour MP in a Birmingham constituency that is home to many JLR workers, also asked for more information on how the government was monitoring whether adequate support was going beyond the first tier, and why the government thought a loan guarantee was the best option to help the supply chain.

    Stephen Morley, the president of the CBM, said some parts makers had received much-needed cashflow but others further down the chain would start feeling the worst of the squeeze imminently, two months after their last invoices became due.

    “From 1 September, no matter when you get paid, there’s no sales to invoice,” Morley said. “Depending on your payment terms, come 1 November the majority of invoices would have been due. This is a critical pinch point as there is nothing to invoice.”

    However, he added that the recovery was going better than expected overall. He said: “JLR has done well so far, but there’s work to do.”

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  • Disney pulls channels from YouTube TV over fee dispute

    Disney pulls channels from YouTube TV over fee dispute

    Subscribers to YouTube TV have lost access to ESPN, ABC and other Disney channels, as the two companies struggle to negotiate a licensing deal.

    Disney said the online pay-TV platform, which is owned by the tech giant Google and available only in the US, had refused to pay fair rates for the content, which also include National Geographic and the Disney channel.

    In its own statement, YouTube TV said that Disney’s proposed terms “disadvantage our members while benefiting Disney’s own live TV products”.

    After tense negotiations, the channels vanished from YouTube TV just before midnight on Thursday – the deadline to reach a new deal. The blackout affects roughly 10 million subscribers.

    If Disney channels remain suspended for an “extend period of time”, YouTube TV said it would offer subscribers a $20 credit.

    YouTube and Disney-owned Hulu are among the biggest online TV platforms in the US.

    Their stand-off follows similarly contentious talks this year between YouTube and other media companies, which had also threatened to limit the shows available to YouTube TV subscribers.

    Google struck a deal at the last minute with Comcast-owned NBCUniversal earlier this month to keep shows like “Sunday Night Football” on YouTube TV. It has also reached agreements with Paramount and Fox in recent months.

    In separate statements, both Google and Disney said they were working toward a resolution to restore Disney content to YouTube TV.

    Still, the companies remain divided on fees.

    “With a $3 trillion market cap, Google is using its market dominance to eliminate competition and undercut the industry-standard terms we’ve successfully negotiated with every other distributor,” a Disney spokesperson said in a statement.

    But YouTube said in a statement that Disney was proposing “costly economic terms” that would lead to higher prices for YouTube TV customers and limit their options for content, benefiting Disney’s own live TV offerings like Hulu+ Live TV.

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  • FDA autism drug move sparks frenzy, but data lags behind – Reuters

    1. FDA autism drug move sparks frenzy, but data lags behind  Reuters
    2. AAP does not recommend routine use of leucovorin in children with autism  Contemporary Pediatrics
    3. US pediatrician group recommends against routine use of drug for autism  MarketScreener
    4. Medical group advises against leucovorin for autism  pharmaphorum
    5. Doctors’ warning over $2.50 autism pill that has transformed lives  Daily Mail

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  • OGRA notifies cut in per kg LPG price by Rs5.88

    OGRA notifies cut in per kg LPG price by Rs5.88


    ISLAMABAD:

    The government has reduced Liquefied Petroleum Gas price by Rs5.88 per kilogram. The new rates will take effect from November 1, 2025.

    According to the Oil and Gas Regulatory Authority notification, the price of an 11.8-kg domestic LPG cylinder has been reduced by Rs69.44.

    Following the revision, the new price for the household cylinder has been fixed at Rs2,378.89, down from Rs2,448.33 in October.

    Read More: Govt lifts ban on new gas connections

    The adjustment comes as part of OGRA’s monthly price review, reflecting changes in international market trends and domestic distribution costs.

    Recently, Prime Minister Shehbaz Sharif announced the launch of the process allowing regasified liquefied natural gas (RLNG) connections to domestic consumers, responding to a longstanding public demand for the restoration of household gas supply.

    The government had imposed a ban on new gas connections in 2021, citing rapidly depleting reserves across the country. The restriction forced consumers to shift from piped gas to alternatives and often more expensive sources of fuel for cooking and heating.

    During 2022, when the Shehbaz-led Pakistan Democratic Movement (PDM) coalition took office, the government came under heavy public pressure to resume gas connections.

    According to the prime minister, gas availability had been a major challenge at the time, but funds were later released and infrastructure laid down, enabling RLNG supply to a large number of pending applicants.

    Also Read: PSX rises almost 5,000 points on ceasefire optimism

    The announcement has been made in the wake of recent discoveries of new oil and gas reserves in the country. Last month, Pakistan Petroleum Limited (PPL) reported a ‘significant discovery’ of oil and gas in the eastern Attock district.

    In February, Mari Energies, a domestic exploration firm, uncovered fresh hydrocarbon reserves in Khyber-Pakhtunkhwa, with initial testing indicating a flow of 12.96 million standard cubic feet per day (MMSCFD) of gas and around 20 barrels per day (bbl/d) of condensate.

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  • Chevron tops Q3 earnings estimates with record production after Hess deal – Reuters

    1. Chevron tops Q3 earnings estimates with record production after Hess deal  Reuters
    2. Chevron earnings beat Wall Street estimates as oil production hits record boosted by Hess acquisition  CNBC
    3. PREVIEW: Chevron’s revenue expected to fall amid slump in upstream income  TradingView
    4. Exxon and Chevron boost output despite forecasts of falling oil prices  Washington Examiner
    5. Why Chevron Stock Popped After Earnings  MSN

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  • Dollar Has Second Best Month of 2025 on Data Void, Hawkish Fed

    Dollar Has Second Best Month of 2025 on Data Void, Hawkish Fed

    The dollar is wrapping up its second best month of the year as lack of official data muddies the outlook for the US economy and the Federal Reserve’s interest-rate path.

    The Bloomberg Dollar Spot Index advanced for a third day on Friday, bringing October’s gain to 1.6%. The greenback got a boost this week when Fed Chair Jerome Powell said that another rate cut this year is far from certain. Meanwhile, the dollar’s peers from developed countries — namely the euro, British pound and Japanese yen — are being bogged down by their domestic troubles.

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  • NVIDIA CEO Jensen Huang's Chimaek Gathering Wins Hearts, Boosts Sales – 조선일보

    NVIDIA CEO Jensen Huang's Chimaek Gathering Wins Hearts, Boosts Sales – 조선일보

    1. NVIDIA CEO Jensen Huang’s Chimaek Gathering Wins Hearts, Boosts Sales  조선일보
    2. Nvidia expands global AI rollout with bumper South Korea deals  BBC
    3. Three billionaires went out for chicken and beer, and paid for everyone’s meal  CNN
    4. Samsung Teams With NVIDIA To Lead the Transformation of Global Intelligent Manufacturing Through New AI Megafactory  samsung.com
    5. NVIDIA, South Korea Government and Industrial Giants Build AI Infrastructure and Ecosystem to Fuel Korea Innovation, Industries and Jobs  NVIDIA Newsroom

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