Author: Jordan

The Enforcement Directorate conducted multi-state searches over alleged misuse of foreign debit cards linked to “The Timothy Initiative,” involving large cash withdrawals in India, suspected FCRA violations, and possible routing of funds through a coordinated cross-border network Published Date – 24 April 2026, 06:43 PM New Delhi/Hyderabad: The Directorate of Enforcement (ED) has conducted search operations at six locations across multiple states in connection with suspected withdrawal and utilisation of funds using foreign bank debit cards, allegedly bypassing regulatory channels. The search operations were conducted on April 18 and 19, the central agency said in a release…

The debt tied to Regions Center, a Shreveport premier Class A office property, and another office tower once owned by the same family business in New Orleans, has been downgraded. KBRA, the credit rating agency that issued the downgrade, said the estimated loss from the Regions Center was 7.3%. The Regions’ properties, the 25-story Tower and 16-story Regions Building in the 300 block of Texas Street, along with the attached 1,000 space parking garage in the 600 block of Market Street, are financed through Commercial Mortgage Backed Securities. CMBS are commonly used on high-dollar commercial properties that may be outside a bank’s comfort zone…

Beer is aging in wood barrels at Maine-based Allagash Brewing, which won a gold medal Wednesday for its Allagash White witbier at the World Beer Cup. (Staff photo by Derek Davis/Portland Portland Press Herald via Getty Images)Portland Press Herald via Getty ImagesCalifornia breweries captured nearly one quarter of all gold medals awarded to U.S. breweries Wednesday for the best beers at the annual World Beer Cup competition.An analysis of World Beer Cup data by this journalist reveals that California breweries won 23 of 99 gold medals given to U.S. breweries for their beers. Washington breweries finished second with nine gold…

The report examines the role of Islamic finance in the sustainable and climate finance markets by exploring market trends, instruments, and innovations across the Organization of Islamic Cooperation (OIC) member countries. The report draws on insights from surveys conducted with Islamic finance professionals and halal industry enterprises, as well as interviews with policymakers and private sector participants. The objective of this report is to identify opportunities and address challenges that can enhance the development of the Islamic sustainable finance market, with a focus on climate finance, which encompasses funding for climate mitigation, adaptation, and resilience building. DOWNLOAD REPORT KEY FINDINGSClimate change presents…

Metaplanet will issue ¥8 billion ($50 million) in zero-interest bonds to deepen its Bitcoin exposure, according to a Friday statement. This is Metaplanet’s 20th series of ordinary bonds. The bonds will mature in 2027, giving the company roughly a year to deploy the capital into Bitcoin and pay back the principal. At current prices of around $78,000 per Bitcoin, this $50 million could add somewhere between 640 and 700 coins to the company’s holdings. The Tokyo-listed firm, now Japan’s largest corporate Bitcoin holder, owns 40,177 BTC worth about $3.1 billion. That makes it the third-largest Bitcoin holder among publicly traded…

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard. Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences. At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000. Do the math. According to Musk, this technology could be worth $250 trillion by 2040. Put another way, that’s roughly equal to:…

Darlington Building Society has reduced rates across its buy-to-let, residential and specialist mortgage ranges, with cuts of up to 0.50%. The Society has reduced rates across its buy-to-let range, with selected products seeing cuts of up to 50bps. This includes five-year fixed rate standard buy-to-let product at 80% LTV, now available at 5.49%, down from 5.99%. Darlington has also reduced pricing across its residential range, with cuts of up to 25bps on key products. Two-year fixed rates have reduced to 5.29% at 80% LTV, 5.79% at 90% LTV, and 5.99% at 95% LTV. In its specialist residential range,…

Gold loan fintech startups are shifting focus from loan sourcing and distribution to building their own loan books, as the Reserve Bank of India (RBI) tightens regulations around the sector.According to multiple senior industry executives, players such as Indiagold and Oro, which have recently secured NBFC licences, are now looking to scale up their own lending businesses. Co-lending partnerships with larger NBFCs and banks are also being explored, they added.This marks a significant shift for these startups, which previously operated as service providers or business correspondents to banks, using technology to streamline distribution rather than lend from their own balance…

Investing.com – European natural gas prices ticked higher on Friday, as investors gauged the ongoing blockage of the Strait of Hormuz and stall peace talks between the U.S. and Iran. By 06:37 ET (10:37 GMT), the Dutch front-month contract at the TTF hub had risen by 0.9% to 44.83 euros per megawatt hour, according to according to data from the Intercontinental Exchange. President Donald Trump said on Thursday that a ceasefire between Israel and Lebanon would be extended for three weeks following a meeting with diplomats from both countries. However, representatives from Hezbollah, the militant group fighting in Lebanon, were not…

In January of last year, we presented a list of items that would support the coming bull market in commodities. We subsequently reiterated and added to this list. Due to the events of the past two months another addition is appropriate, but to refresh memories, here are the points mentioned previously: 1. AI Drives Commodity Demand Investments in AI-related datacentres and the associated infrastructure (power plants, pipelines, transmission lines, transportation services) will add significantly to commodity demand for years to come, even if the stock prices of the biggest spenders (the so-called “hyperscalers”) have reached their peaks. This is based on…