Key creditors in pact to avert brawl as Carvana"s prospects dim
Some of Carvana largest creditors have signed a pact binding them to act together in negotiations with the company, a move meant to prevent the kind of nasty creditor fights that have complicated other debt restructurings......»»
Canada increases biodiversity funding in crunch UN talks
Canada said Friday it was ramping up its international biodiversity funding, an overture to developing countries during difficult UN talks aimed at sealing a "peace pact with nature.".....»»
New funding announcements at high-stakes UN nature summit
The world's environment ministers began the final phase of crunch talks at a UN summit in Montreal on Thursday aimed at sealing a historic "peace pact with nature.".....»»
Notebook optical lens specialist AOET upbeat about demand prospects
Ability Opto-Electronics Technology (AOET), which specializes in optical lens modules for notebooks, is upbeat about demand prospects next year, citing new notebook camera specs upgrades, as well as the company's deployment in the automotive sector......»»
Downtime is the best time to invest for the future, say Tech Summit experts
Although uncertainties such as inflation and economic recession linger over the near-term prospects, this is just the right time for investing in next-generation technology and capturing opportunities for transformation, according to tech entrepreneu.....»»
Nikola"s Milton seeks new trial
Nikola founder Trevor Milton asked for a new trial on charges he misled investors about the electric truck maker's prospects, arguing the jury convicted him due to bad instructions from the judge and because one juror lied to get on the panel......»»
Downtime is the best time to invest for the future, said Tech Summit experts
Although uncertainties such as inflation and economic recession linger over the near-term prospects, this is just the right time for investing in next-generation technology and capturing opportunities for transformation, according to tech entrepreneu.....»»
New tool offers hope in the fight against plant extinction
In a powerful speech to open COP15, the UN Biodiversity Conference, in Montreal, UN Secretary General António Guterres said that "We are waging a war on nature" and called for "a peace pact with nature.".....»»
Foundries see stable wafer starts demand from Realtek, Megawin
Several IC design houses, such as Realtek Semiconductor and Megawin Technology, continue their pace of wafer starts at foundries which may indicate their relatively brisk business prospects compared to others, according to industry sources......»»
Sam Bankman-Fried: FTX founder arrested in Bahamas
According to a court filing last month, FTX owed its 50 largest creditors almost $3.1bn (£2.5bn)......»»
Activists warn a toothless UN nature pact will fail
The world's next global pact for nature is doomed without clear mechanisms for implementing targets, conservation groups said Saturday on the sidelines of UN talks, as hundreds of protesters took to the streets of Montreal demanding greater action......»»
LemTech to embrace robust automotive apps
LemTech Holdings, specializing in precision metal stamping tools, chassis and heat dissipation solutions, has stepped up its deployment in the automotive sector as it is eyeing the promising market prospects......»»
Carvana inches toward reworking debt
Carvana is consulting with lawyers and investment bankers about options for managing its debt load amid plunging used car prices......»»
Key creditors in pact to avert brawl as Carvana"s prospects dim
Some of Carvana largest creditors have signed a pact binding them to act together in negotiations with the company, a move meant to prevent the kind of nasty creditor fights that have complicated other debt restructurings......»»
Carvana"s 3rd-party marketplace program in question
The exact status of that program — in which Carvana listed used cars and trucks from dealer partners and other third-party sources for sale on its website alongside Carvana-owned and certified vehicles — is not entirely clear......»»
Rail strike threat averted
The Senate passed legislation to avert a crippling U.S. rail strike on an 80 to 15 vote and sent the measure to President Joe Biden for his signature......»»
Taiwan fabless chipmakers conservative about 2023 prospects
With the demand slowdown worsening in China, many Taiwan-based IC design houses are cautious about their market prospects for 2023, according to sources at foundries......»»
Optical communication device maker eLASER cautious about 1H23
Elite Advanced Laser (eLASER ) remains cautious about its business prospects for the first half of 2023 while reiterating its focus on demand for server-use high-speed optical communication devices......»»
2023 Outlook: US deepens alliance; China carves alternative path
The 2022 National Security Strategy released in October under US President Joe Biden highlighted a series of US-led regional frameworks to support its Indo-Pacific strategies, such as AUKUS – the trilateral security pact among Australia, the UK.....»»
Carvana’s stock plunge triggers cascade of warnings on Wall Street
With the company’s shares spiraling down a staggering 97 percent this year, analysts’ average price targets struggled to keep pace, despite coming down sharply......»»
FTX crypto exchange owes biggest creditors $3.1bn
FTX owes about $1.45bn to its top 10 creditors, according to its US bankruptcy court filings......»»