The Germany government is offering €7.5 billion ($8 billion) in taxpayer funds to save the financially troubled Siemens Energy, a company that is essential to the nation’s energy transition. The amount is a portion of a guarantee package worth €15 billion ($16.3 billion), with private banks and other stakeholders contributing the remaining sum, according to … [Read more…]
Plans to erect a $25 billion chip manufacturing facility in the southern region of the nation have been confirmed by the Israel government and Intel. Prime Minister Benjamin Netanyahu has called this investment the largest in Israel’s history. The US computer giant has over $50 billion in investments in Israel over the last 50 years, … [Read more…]
The world’s largest cryptocurrency exchange, Binance, is the target of a $1 billion class action lawsuit brought against soccer star Cristiano Ronaldo. Ronaldo “promoted, assisted in, and/or actively participated in the offer and sale of unregistered securities in coordination with Binance,” according to the lawsuit, which was filed on Tuesday in a Florida court. This … [Read more…]