Insurance firm pays N1.39bn claims in Q3

Unitrust Insurance Company Limited paid N1.39bn claims in the first nine months of 2022. In a statement, the Chief Marketing Officer, Unitrust Insurance, Mr Dele Oyetunji, said the underwriting firm had continued to demonstrate  unwavering commitment and capacity  to obligate claims duly. He said the customers appreciated the role Unitrust played in underwriting their insurance … Read more

India, Spain Firm Up Industry Relations At Film Bazaar

Film Bazaar host nation India and Spain are seeking to improve ties in the film and TV industries.Delegations from both countries last week signed a three-way memorandum intended to boost production and assist filmmakers. The deal was signed by the Producers Guild of India, the Spain Film Commission and Casa de la India. “The association … Read more

Collapsed Crypto Firm FTX Founder Sam Bankman-Fried Hobbled His Own Defense Against Criminal Charges » WhatsNew2Day

FTX founder Sam Bankman-Fried, facing mounting legal challenges over the collapse of his cryptocurrency exchange, may have harmed his defense by speaking publicly in recent days, legal experts say. Bankman-Fried has sought to explain the implosion of FTX and disparaged government regulators in posts on Twitter and conversations with reporters. Attorneys said such statements will … Read more

Crypto firm Multicoin says contagion fallout from FTX will continue

Crypto venture firm Multicoin Capital told investors in a letter on Thursday that FTX’s collapse and the price declines across the industry has pushed the fund down by 55% this month, and added that the market is poised to get worse before it rebounds. Multicoin said there’s a chance the firm will recover some of … Read more

Worst performing parcel firm in the UK ‘revealed’

Ofcom has warned of potential ‘enforcement action’ in future (Picture: Getty Images) Brits are being failed by every single one of the country’s major parcel firms, a damning new report claims. Evri, formerly known as Hermes, has come last for a second year running in the league table published by Citizens Advice, despite an overall … Read more

Chinese tech firm ordered to sell UK’s largest microchip factory over national security fears

A Chinese tech giant’s takeover of Britain’s largest microchip factory has been blocked by Business Secretary Grant Shapps. Mr Shapps intervened to block the acquisition of microchip manufacturer Newport Wafer Fab, one of the UK’s largest manufacturers of semiconductors. Nexperia, a Dutch semiconductor manufacturer that is a subsidiary of Chinese state-backed firm Wingtech Technology, had … Read more

VC Firm Sequoia Capital Says It Will Mark Its Investment in FTX at $0

VC giant Sequoia Capital told investors it’s marking down its investment in FTX to zero. FTX had asked Binance for help amid a liquidity crunch, Binance’s CEO said on Tuesday. But Binance walked away from the deal to acquire the rival exchange rival on Wednesday. Loading Something is loading. Thanks for signing up! Access your … Read more

Tom Brady and Steph Curry’s Crypto Firm Looks For a Savior

The days of FTX.com are numbered.  The cryptocurrency trade platform may expertise a unhappy and humiliating destiny within the coming hours: submitting for Chapter 11 chapter. The firm finds itself with its again to the wall after its rival Binance abruptly decided that it was now not going to accumulate it after opening its books of … Read more

Chinese Government Takes Stake in Short Video Firm Kuaishou

The Chinese government is understood to have taken a small but significant equity stake in Kuaishou, China’s second largest short video platform and a direct rival to Douyin, the Chinese half of TikTok. The stake was acquired through Beijing Radio and Television Station, which is controlled by the Beijing municipal government. It invested RMB1.01 million … Read more

Major car firm halts Twitter ads as Elon Musk vows to free suspended users banned for ‘dubious reasons’

A US car giant has pulled paid advertising on Twitter following Elon Musk’s takeover of the social media company while other firms are believed to be considering their options after the new owner vowed to reinstate accounts banned “for dubious reasons.” General Motors, which competes with Musk’s Tesla car company, has announced it has temporarily … Read more

Furniture firm Made.com stops taking orders as rescue bid fails and the store drops £773m in value

Made.com is in a financial crisis following the collapse of a last-minute effort to try and rescue the struggling furniture firm. But it wasn’t always so gloomy for the company, which began promisingly in 2010 with its ambitious founders once hoping to make the firm ‘the next Ikea’. Here, MailOnline looks at some of those … Read more

Rishi Sunak tells Volodymyr Zelensky UK will ‘stand firm’ against Russian aggression in first call as leader

Rishi Sunak made a call with Volodymyr Zelensky one of his top priorities on Tuesday as promised the people of Ukraine could count on the UK’s “continued solidarity and support”. Mr Sunak spoke to the Ukrainian president on Tuesday evening, hours after he entered No 10 as Prime Minister for the first time. It comes … Read more

India successfully launches major rocket with 36 satellites from UK firm

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails India has successfully carried out a major rocket launch with 36 private internet satellites onboard for a space project that had been halted by the war in Ukraine. … Read more

Hobby Lobby owner reveals he is GIVING AWAY his multi-million dollar firm: Says he left it ‘to God’

The billionaire owner of craft chain Hobby Lobby has declared that he has decided ‘to give away ownership of Hobby Lobby’ – adding: ‘I chose God’. David Green, 80, founded the company in his native Oklahoma in 1972, and has presided over the growth of the family firm into a nationwide chain with annual revenues … Read more

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