Humza Yousaf’s Brother-in-Law Faces Trial for Extortion and Drug Charges
Humza Yousaf’s Brother-in-Law Faces Trial for Extortion and Drug Charges. Ramsay El-Nakla, the brother-in-law of former first minister Humza Yousaf, is set to stand trial after pleading not guilty to charges of extortion and Class A drug offences. The 37-year-old is accused of threatening a man and extorting money through intimidation, alongside allegations related to […]
Boeing Reports $3.8B Loss Amid Strikes and Production Delays
Boeing Reports $3.8B Loss Amid Strikes and Production Delays. Boeing reported a substantial loss of $3.8 billion (€3.4 billion) for the fourth quarter of 2024, continuing its struggles as ongoing issues, including a machinists’ strike, took a toll on the aerospace giant. The company has faced over $35 billion (€32.2 billion) in losses since 2019 […]
Stockholm Exergi Secures SEK 20 Billion Funding for Bio-CCS Technology
Stockholm Exergi Secures SEK 20 Billion Funding for Bio-CCS Technology. Stockholm Exergi, a leading Swedish energy firm, has announced it has secured significant funding for its bio-CCS (bioenergy with carbon capture and storage) initiative. The Swedish Energy Agency’s reverse auction has awarded Stockholm Exergi SEK 20 billion (approximately USD 1.8 billion) to support the development […]
Serbia PM Miloš Vučević Resigns Amid Canopy Collapse Protests
Serbia PM Miloš Vučević Resigns Amid Canopy Collapse Protests. Serbia’s Prime Minister Miloš Vučević announced his resignation on January 23, 2025, after weeks of massive protests across the country in response to the tragic collapse of a concrete canopy in November 2024, which resulted in multiple deaths. The protestors, demanding justice for the victims, have […]
Ropes & Gray Advises Vince Holding on Majority Stake Sale to P180
Ropes & Gray Advises Vince Holding on Majority Stake Sale to P180. Ropes & Gray has acted as legal advisor to Vince Holding Corp. in the sale of a majority stake in the company to P180, a newly established luxury apparel venture. This significant transaction, known as the “P180 Acquisition,” will see P180 acquire a […]
Norton Rose Fulbright Advises Beneva on Major Canadian Insurance Merger
Norton Rose Fulbright Advises Beneva on Major Canadian Insurance Merger. Norton Rose Fulbright is providing expert counsel to Beneva on its significant merger with Gore Mutual, a key development in the Canadian insurance sector. The merger, which combines Beneva, Canada’s largest mutual insurer, with one of the country’s oldest property and casualty mutual insurers, marks […]
Simpson Thacher Expands to Luxembourg with New Partners
Simpson Thacher Expands to Luxembourg with New Partners. Simpson Thacher & Bartlett LLP has announced its plans to open an office in Luxembourg, alongside the recruitment of prominent funds partners Jean-Christian Six, Paul Van den Abeele, and Yannick Arbaut. This new office, which is expected to begin operations in the first quarter of 2025, will […]
Vine Co-Founder Launches Meme Coin, VineCoin
Vine Co-Founder Launches Meme Coin, VineCoin. Rus Yusupov, the co-founder of Vine, recently announced the launch of VineCoin, a meme coin named after the popular short-form video application that was discontinued in 2017. The announcement, shared on X (formerly Twitter) this Wednesday, quickly gained traction among crypto enthusiasts, with the token’s market capitalization surpassing $200 […]
Brazil’s President Lula Signs Bill Limiting Smartphone Use in Schools
Brazil’s President Lula Signs Bill Limiting Smartphone Use in Schools. On January 25, 2025, Brazil’s President Luiz Inácio Lula da Silva signed a new bill aimed at restricting the use of smartphones in schools. This legislative move reflects a global trend aimed at tackling the negative impact of excessive smartphone use on students’ academic performance […]
EBRD Loans €35 Million to CEDIS for Montenegro Energy Upgrade
EBRD Loans €35 Million to CEDIS for Montenegro Energy Upgrade. The European Bank for Reconstruction and Development (EBRD) is providing a loan of up to €35 million to Crnogorski Elektrodistributivni Sistem (CEDIS), marking a significant step forward in Montenegro’s energy sector. The funds will support the establishment of a new supervisory control and data acquisition […]
Rosen Law Firm Reminds Pacira Investors of Class Action Lawsuit Deadline
Rosen Law Firm Reminds Pacira Investors of Class Action Lawsuit Deadline. Rosen Law Firm, an international law firm specialising in investor rights, is reminding individuals who acquired securities of Pacira BioSciences, Inc. between August 2, 2023, and August 8, 2024 (referred to as the “Class Period”) of an important deadline for those wishing to participate […]
Latham & Watkins Advises Ares in Sale of Potomac Energy Center to Blackstone
Latham & Watkins Advises Ares in Sale of Potomac Energy Center to Blackstone. Blackstone Energy Transition Partners, a subsidiary of Blackstone, has entered into an agreement to purchase the Potomac Energy Center, a 774-megawatt natural gas power facility located in Loudoun County, Virginia, from Ares Management. In this major transaction, Latham & Watkins LLP represented […]