Brazil’s fuel map is about to get a little denser. Acelen, controlled by Abu Dhabi’s Mubadala Investment Company, is preparing to lift diesel output at the Mataripe refinery by 10% this June—an upgrade woven into a 736 million reais investment plan for the year. The move will push daily diesel production to 13,700 cubic meters, …
Diesel Drive: Acelen Turns Up the Heat at Mataripe Read More »
The money flooding into artificial intelligence just found a new high-water mark. OpenAI has unveiled a staggering $110 billion fundraising round that places an $840 billion valuation on the company behind ChatGPT — a signal that the AI boom is no passing storm but a full-blown climate shift in global tech. The financing is anchored …
The US dollar is flowing again toward Africa’s sovereign borrowers. After a muted opening to the year — with only Benin and the Republic of the Congo venturing into public markets, and Cameroon opting for a private placement later upsized — momentum has returned. Côte d’Ivoire and Kenya stepped forward last week, seizing a market …
Africa’s Dollar Window Swings Open as Côte d’Ivoire and Kenya Test Investor Appetite Read More »
Qatar Islamic Bank has tapped global debt markets with a $750 million five-year senior unsecured sukuk, pricing the issue at par and tightening guidance after robust investor demand. The Islamic lender fixed the spread at 80 basis points over U.S. Treasuries, delivering a profit rate of 4.402%. Early pricing whispers had circled closer to 115 …
Desert Demand: Qatar Islamic Bank Draws $1.6 Billion for $750M Sukuk Read More »
Investor appetite came in hot — and left pricing lean. Abu Dhabi returned to global debt markets with a $3 billion dual-tranche bond, and buyers wasted little time circling the deal. Orders at one point swelled past $11 billion before books settled at launch with $4.3 billion allocated to the five-year notes and $5.6 billion …
Desert Demand: Abu Dhabi Pulls In $3 Billion as Bond Buyers Squeeze Spreads Read More »
The business of betting on the future is now itself the subject of a legal gamble. Prediction-market platform Kalshi has enlisted former U.S. solicitor general Neal Katyal as it battles state regulators determined to rein in its fast-expanding event-contracts model. Katyal, now a leading Supreme Court advocate at Milbank, appeared this week in litigation challenging …
High-Stakes Wagers Move From Trading Screens to Courtrooms Read More »
The legal aftershocks of a blockbuster U.S. Supreme Court ruling are now rattling the shipping lanes. A proposed class action filed in federal court in Miami accuses FedEx of holding onto tariff-related payments that customers say never should have been collected in the first place. The lawsuit follows a 6–3 decision by the U.S. Supreme …
After Tariff Shockwave, Customers Turn on FedEx for Their Money Back Read More »
A federal courtroom in Minneapolis became the setting for a sharp rebuke of a new immigration crackdown, as a judge blocked the Trump administration from arresting thousands of refugees living in Minnesota. U.S. District Judge John Tunheim issued a preliminary injunction preventing federal authorities from detaining refugees solely because they have not yet secured lawful …
A Court Draws a Line: Minnesota Refugees Shielded From Federal Sweep Read More »
A college freshman deported in what a federal judge later called an error was offered a flight back to the United States this week. She refused. Any Lucia Lopez Belloza, a 20-year-old student at Babson College, said she declined to board a U.S.-arranged flight from Honduras after learning that immigration authorities could detain her upon …
A federal court has put the brakes on Virginia’s attempt to ration screen time for minors, ruling that the state’s new social media restrictions likely collide with the First Amendment. At issue was Senate Bill 854, a measure that required platforms to verify users’ ages and limited anyone under 16 to just one hour per …
Court Halts Virginia’s Social Media Time Cap for Teens Read More »
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