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Factbox - Silvergate Crisis: Crypto Industry Majors Drop Embattled Lender

A slew of cryptocurrency heavyweights including Coinbase Global Inc and Galaxy Digital ditched Silvergate Capital Corp as their banking partner after the lender’s latest filing raised questions about its ability to stay in business. La Jolla, California-based Silvergate, one of the most influential banks in the digital asset industry, has been reeling from the fallout […]

Big Oil to Take Centerstage at Houston Meet as Markets, Alliances Shift

Top energy executives and officials from around the world will descend on Houston next week just as the political fallout from Russia’s invasion of Ukraine a year ago continues to distort global oil supply lines and put long-term energy security front of mind for governments. Oil company chiefs and ministers will make their case for […]

At China Political Meeting, Internet Bosses Are out, Chip Execs Are In

Tencent Holdings founder Pony Ma and others from China’s crackdown-hit internet sector will be absent from this year’s parliamentary sessions, as Beijing boosts representation from the tech hardware sector, delegate lists show. Nearly 3,000 members of the National People’s Congress (NPC) will gather in Beijing on Sunday for its first meeting since Xi Jinping secured […]

Arianespace Says Faulty Carbon Component to Blame for Failed Satellite Launch

Arianespace’s failed satellite launch in December was likely to have been caused by a faulty carbon component, which Italian aerospace group Avio had purchased from a supplier in Ukraine, the company said, as it published findings of an enquiry on Friday. An Arianespace mission on Dec. 20 carrying two Airbus Defence & Space satellites failed […]

AI Boost Lifts Broadcom Forecast amid Lingering Enterprise Weakness

Broadcom Inc forecast second-quarter revenue above estimates on Thursday, as increased investments in artificial intelligence spur demand for its chips used in data centers. In a deteriorating economy, where both consumer and enterprise spending is on a decline, AI has emerged as a bright spot for chip firms such as Nvidia Corp and Broadcom, due […]