Adani Group slams ‘baseless’ New York fraud and bribery charges

Shein's potential IPO in London faces concerns over forced labor allegations in its supply chains, with advocacy groups pushing the FCA to block the listing. Despite this, FCA chief executive Nikhil Rathi seems inclined to approve the IPO, citing the need for transparent disclosure of risks to investors. If approved, Shein's listing could be the largest in London's history, signaling a potential boost for the subdued IPO market, with a target valuation of £50.3 billion...

Danish brewer Carlsberg is selling its Russian unit, Baltika Breweries, to VG Invest for $322mn after President Putin ended state control, following a decree in July 2023. The deal, expected to close soon, involves a management buyout by Baltika employees and will settle lawsuits and IP rights issues, with Carlsberg also gaining control of assets in Azerbaijan and Kazakhstan. Analysts note that while Carlsberg avoids leaving empty-handed, companies that exited Russia at the war's onset...

A veteran analyst predicts that housing tax credits may be included in the GOP's upcoming tax package, while some lawmakers are considering extending expiring 2017 tax cuts by four years. This move could potentially affect the overall tax landscape and impact both homeowners and taxpayers. It remains to be seen how these proposals will be implemented and what implications they may have for future tax policy. Full Article

A judge in Delaware has rejected Tesla's attempt to revive a $56 billion pay package for Elon Musk, despite shareholder re-approval. Musk's stock options have soared in value to over $100 billion, leading to a legal battle over the package. Musk's public criticism of Delaware's legal system has led to Tesla moving its incorporations to Nevada and Texas. The judge awarded $345 million in fees to the law firm representing the Tesla shareholder who brought...

World Labs, a unicorn AI startup with a valuation of over $1 billion, introduced a new AI that can turn any image into a 3D world by approximating 3D geometry and enhancing scenes for more depth and interactivity. This AI, adaptable to various art styles and scenes, allows viewers to explore the 3D environments with a movable camera, zooming in and out and moving around the space. While not the first in this field, World...

In November, Jaguar revealed its rebrand as an EV maker, with a new logo and design concepts set to be unveiled at Miami Art Week. Images of the new electric GT car have leaked ahead of time, showcasing a bold design with a slatted roof and colors of "Miami pink and London blue." The cars are expected to hit production in 2026, starting at $127,000, sparking mixed reactions from users and critics alike. Full Article