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BOSTON :U.S. investor and entrepreneur Anthony Pompliano announced on Monday the creation of a new bitcoin treasury company that would hold up to $1 billion of the world’s largest cryptocurrency on its balance sheet.Pompliano said in a statement that his financial services firm ProCap BTC would merge with Columbus Circle Capital I, a special purpose acquisition company, to create ProCap Financial, a bitcoin treasury firm.Several public companies have employed bitcoin treasury strategies, which involves allocating a portion of their cash and reserves toward bitcoin, to replicate the success of software company Strategy, which began accumulating bitcoin in 2020 and now holds more…
[MILAN] Stellantis new CEO Antonio Filosa started his tenure on Monday (Jun 23) by retaining his previous role as head of the key North American market, while avoiding major changes to the French-Italian automaker’s senior management team. Stellantis shares were briefly suspended at the open, after they fell more than 5 per cent. They were down 2 per cent by 1130 GMT, among the worst performers in Italy’s blue-chip index, with the limited changes leaving investors underwhelmed. A source familiar with the matter said Filosa’s decision to keep the North American post stemmed from his commitment to continue the job he started…
Palestine Action will be proscribed as a terrorist organisation, Home Secretary Yvette Cooper has said.The action has been taken after the activist group claimed responsibility for breaking into RAF Brize Norton last week. Footage released by the group showed them vandalising aircraft – with reports of damage totalling millions of pounds.Home Secretary Yvette Cooper said “the disgraceful attack on Brize Norton” on Friday was “the latest in a long history of unacceptable criminal damage committed by Palestine Action”Politics latest: Minister dodges question on UK reaction to US strikes on Iran Image: Some of the damage to planes at RAF Brize…
[DUBAI] Major global airlines extended flight cancellations to the Persian Gulf, disrupting air traffic to critical hubs such as Dubai after the US struck nuclear sites in Iran and Teheran vowed to retaliate. Singapore Airlines said it would suspend service to Dubai until Wednesday (Jun 25) night and warned more flights could be scrapped due to the fluidity of the situation. British Airways added cancellations to Dubai and Doha, while Air France-KLM reportedly will scrap flights to Dubai and Riyadh. The airlines’ decisions highlight the potential for a widening of the war between Israel and Iran after US President Donald…
A.J Foyt Racing’s David Malukas ended on the beach after a spin out in the first lap at 2025 XPEL Grand Prix at Road America
Alibaba on Monday said it will merge its food delivery platform Ele.me and online travel agency Fliggy into its core e-commerce business as the Chinese group streamlines operations amid intensifying competition. A prolonged property crisis and the economic fallout of the U.S.’s evolving trade policy have dampened spending appetite of Chinese shoppers. At the same time, Chinese e-commerce giants are engaged in a price war and have been aggressively expanding into “instant retail,” which focuses on delivery times of just 30 to 60 minutes, to attract buyers. The company said the reorganization was a “strategic upgrade” as it transitions from…
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A “rapid” national investigation into NHS maternity services has been launched by the government.The announcement comes after Health Secretary Wes Streeting met families who have lost babies and amid the ongoing investigations at some NHS trusts into maternity care failings. The investigation in England is intended to provide truth to families suffering harm, as well as driving urgent improvements to care and safety, as part of efforts to ensure “no parent or baby is ever let down again”.Politics latest: Farage unveils ‘Britannia Card’ in latest tax policyThe Royal College of Midwives (RCM) welcomed the government’s announcement and said maternity services were “at,…
NEW YORK — Elon Musk promised in 2019 that driverless Tesla “robotaxis” would be on the road “next year,” but it didn’t happen. A year later, he promised to deliver them the next year, but that didn’t happen either.Despite the empty pledges the promises kept coming. Last year in January, Musk said, “Next year for sure, we’ll have over a million robotaxis.”Would you settle for 10 or 12?Musk appears to be on the verge of making his robotaxi vision a reality with a test run of a small squad of self-driving cabs in Austin, Texas, that began Sunday. Reaching a…