Foreign investors exiting Russia must donate at least 10% of the sale proceeds of their assets to the state. The new rule applies to investors from “unfriendly countries” that imposed sanctions against Russia. There are over 2,000 applications from companies…
Sam Bankman-Fried is known to be an avid “League of Legends” player. He’s said to have played it at a pitch meeting, and says he’s been gaming while under house arrest. But he will lose access to his favorite game…
The Antigua and Barbuda government has declared the Alfa Nero super yacht abandoned. It will be sold unless it’s removed, according to an official notice last Tuesday. Authorities intend to use the money to pay down a $500,000 fuel bill…
The Wagner Group recruited thousands of Russian prisoners to fight in Ukraine in exchange for freedom. While those who died return home to be buried, residents can’t agree on how they should be treated. One soldier who was convicted of…
The Senate rejected a bill from Josh Hawley to establish a new office to oversee Ukraine aid. It was the latest showcase of the GOP’s divisions over Ukraine. Many Republicans said they were confident in the Biden administration’s aid tracking…
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A Wharton professor ran an experiment to test how much AI tools could accomplish in just 30 minutes. Ethan Mollick tasked ChatGPT and the new Bing with working on a business project. ChatGPT wrote HTML code to build a website,…
Acquirers and processors are competing to enhance their value propositions Card and automated clearing house (ACH) payment networks are dueling for volume Issuers can lean on customer relationships and tranches of data to respond to innovation LoadingSomething is loading. Thanks…
This year has begun badly for rescue dogs, particularly large-breed rescues. “Overcrowded animal shelters are turning away owners wanting to surrender their dogs because there is no room,” says Maria Dales, founder and director of California’s German Shepherd Rescue of…
Layoffs have started trickling into the retail sector, primarily impacting corporate employees. J.Crew, Nordstrom, Walmart, and more have made job cuts since the start of the year. Still, few retailers are laying off store employees as the “labor hoarding” trend…
