DUBAI, United Arab Emirates — An unknown force has seized an oil tanker linked to Israel off the coast of Aden, Yemen, a private security firm said Sunday. The Central Park, managed and owned by Zodiac Maritime, was seized in the Gulf of Aden, private intelligence firm Ambrey said. It wasn’t immediately clear who was … Read more
The Cowboy Cruiser. Cowboy Cowboy, the Belgian electric bike maker, is expecting to hit full-year profitability in 2024 even as some of its market rivals are facing financial hardship. Adrien Roose, Cowboy’s CEO and co-founder, told CNBC that he expects the company to reach profitability on an EBITDA basis by the end of the second … Read more
James Gorman, chairman and chief executive of Morgan Stanley, speaks during the Global Financial Leader’s Investment Summit in Hong Kong, China, on Tuesday, Nov. 7, 2023. The de-facto central bank of the Chinese territory is this week holding its global finance summit for a second year in a row. Photographer: Lam Yik/Bloomberg via Getty Images … Read more
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DUBAI, United Arab Emirates — As Israel unleashes one of the most-intense aerial bombing campaigns the Middle East has ever seen, leaders from the world’s top air forces met Sunday in the United Arab Emirates to talk about almost anything that wasn’t an airstrike. The discussions at the Dubai International Air Chiefs’ Conference, held ahead … Read more
As Sam Bankman-Fried awaits sentencing for what could be up to 110 years in prison, one of his former business partners, Anthony Scaramucci, is awaiting word on a 30% stake that SBF’s crypto exchange, FTX, had taken in his firm. Scaramucci, founder and managing partner of SkyBridge Capital, said during the Yahoo Finance Invest conference … Read more
It’s always interesting when a new VC firm with a fresh team of partners emerge. And with Yellow, it’s interesting in multiple ways. Founded by Oscar Pierre and Sacha Michaud, the founders of Glovo, as well as Adam Lasri, a former investor for VC giant Atomico, Yellow is a new €30 million pre-seed fund that … Read more
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Standard Chartered Plc bank branch in Hong Kong Bloomberg | Bloomberg | Getty Images Zodia Custody, the crypto security firm owned by British banking giant Standard Chartered, is launching its services in Hong Kong, the company told CNBC exclusively. It marks the latest push for the U.K.-headquartered firm into the Asia-Pacific region. Founded in 2020, … Read more
More South Korean investors are putting money into Southeast Korea startups, creating an “investment corridor” between the two regions. The latest one is KIPSEA. Short for Korean Investment Partners Southeast Asia, KIPSEA has a Singapore-based team and just announced its first fund close of $60 million. Limited partners come from South Korea, Hong Kong and … Read more