Vietnamese Property Tycoon Faces Death Sentence Over Reduced $12.3 Billion Embezzlement Bill– A Call for Mercy and Time to Repay

In a high-profile case that has captured global attention, Truong My Lan, a 68-year-old Vietnamese property magnate, is at the center of a legal and moral dilemma. Convicted of embezzling an astonishing $12.3 billion from the Saigon Commercial Bank, Lan was sentenced to death in April. Her crimes, including bribery of government officials and violating […]

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Vietnamese Property Tycoon Appeals Death Sentence Over $27 Billion Fraud, Vows to Repay Stolen Funds

Truong My Lan, a 68-year-old property magnate and founder of the Van Thinh Phat Group, has appealed her death sentence for embezzling billions of dollars from the Saigon Commercial Bank (SCB). In a poignant final statement before the court in Ho Chi Minh City on Tuesday, Lan pleaded for mercy, insisting that her primary focus […]

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Charting the Path to Belém: Inclusive Finance Is the Key to Climate Action | Blog

Intense discussions around climate finance have dominated this year’s COP, but sourcing funding is only one part of the puzzle. Now that there is a new global funding target, it is time to focus squarely on how the money will be disbursed and to whom.   Historically, not nearly enough climate finance has made it […]

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From Protection to Resilience: Rethinking Insurance for All | Blog

As the global community grapples with the twin crises of poverty alleviation and climate change, the conversation around a “just transition” has become more urgent.  At the core of the challenge lies the fact that climate change does not impact everyone equally. For vulnerable communities, its effects are more severe, often compounding their existing challenges. […]

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Decentralized AI Startups Experience Surge in Funding, Reaching $436 Million in 2024

As the demand for faster, more secure AI solutions intensifies, decentralized AI startups are becoming a major focus for investors, capturing a rapidly increasing share of venture capital. These startups, which leverage blockchain and cryptography to distribute AI workloads across a decentralized network of computing resources, have seen an impressive surge in funding. According to […]

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Blackstone Joins Forces with EQT in $3.5 Billion Pipeline Investment to Boost Energy Infrastructure

Blackstone has forged a significant partnership with EQT Corporation, a major player in the natural gas production industry, in a $3.5 billion joint venture to acquire a non-controlling stake in a portfolio of midstream energy assets. This deal marks a major move for Blackstone as it expands its footprint in the energy sector, particularly in […]

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Who Stands to Lose the Most From Northvolt’s Bankruptcy?

Once hailed as Europe’s flagship battery manufacturer, Northvolt‘s sudden bankruptcy has sent shockwaves through the industry, leaving a trail of financial devastation. The company’s collapse, which saw it file for Chapter 11 bankruptcy protection in the U.S. on Thursday, has raised concerns not only for its investors but also for Europe’s broader ambitions to establish […]

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Ontario Teachers’ Pension Plan Seeks to Sell £3.5 Billion European Airport Portfolio

The Ontario Teachers’ Pension Plan (OTPP) is negotiating the sale of its stakes in five major European airports, valued at approximately £3.5 billion ($4.4 billion). The portfolio, which includes airports in London, Birmingham, Bristol, Brussels, and Copenhagen, has garnered significant attention from institutional investors as the travel sector continues its post-pandemic recovery. Here’s a detailed […]

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Alternative Pathways for Young Women’s Dreams: How FI Policy Can Help | Blog

A recent report by the Center for Global Development, the Population Council, and the World Bank, Pathways to Prosperity for Adolescent Girls in Africa shows that over 50% of African girls aged 15 to 19 are out of school, married, or have a child. Yet, most policymaking around adolescent girls ignores this reality and continues […]

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Warren Buffett Donates $1.1 Billion in Berkshire Stock and Reveals Estate Plan Updates

Warren Buffett, the centibillionaire CEO of Berkshire Hathaway, has made another significant contribution to charitable causes, donating approximately $1.1 billion worth of Berkshire Hathaway stock. In a letter to Berkshire Hathaway shareholders published Monday, Buffett provided updates on his extensive philanthropic commitments and shared details about his revised estate planning, reinforcing his long-standing goal of […]

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