Noticias Financieras

Market responds well to Transocean-Valaris drilling giant merger

Combination of offshore drilling giants was revealed on Monday

Boohoo co-founder likely knew of Leicester factory conditions, lawyers tell High Court

High Court claim alleges Mahmud Kamani was aware of unsafe factory conditions. Investors are seeking £177m plus interest in compensation. Boohoo says it “strongly contests” the allegations.The co-founder of Boohoo was likely aware of “terrible, unsafe and unsanitary conditions” at Leicester factories supplying the retailer before the scandal erupted in 2020, the High Court has been told.Mahmud Kamani, who launched the fast-fashion group in 2006, probably knew workers were being underpaid and subjected to “arbitrary abuse and humiliation”, according to a lawsuit brought by investors.“It is not, the claimants say, credible that Mr Kamani was unaware of the conditions in which those factories were being operated,” the court filing states, as quoted in a news report.Boohoo denies that its board had such knowledge. The claimants argue those denials are “not convincing”, according to the legal documents.Share crash at the centre of the claimThe allegations form part of a wider £177m claim, plus interest, brought by investors who argue they suffered losses when Boohoo’s share price plunged in 2020.The company’s stock fell 42 per cent after media reports alleged that workers in Leicester factories supplying Boohoo were being paid significantly less than the minimum wage, with some reportedly earning as little as £3 an hour. Reports also described long hours, cramped conditions and poorly maintained buildings.The controversy wiped more than £1bn off the company’s market value on London’s Alternative Investment Market.Lawyers for the investors, from City firm Fox Williams, claim Mr Kamani had long-standing relationships with some of the Leicester suppliers. The court documents allege he attended social events with certain factory owners and visited some sites in person.They are also seeking access to communications between Mr Kamani and his sons, Umar and Samir, who held senior roles within the business as heads of major brands. The filing argues he was “highly likely to have discussed relevant matters with his sons”, reportedly stating those exchanges could contain important information.Family ties and supply chain questionsThe lawsuit further points to the Kamani family’s 37 per cent shareholding in Boohoo at the time and suggests the listed company retained “vestiges and traits of a family business”.It alleges that some Leicester suppliers had links to members of the wider Kamani family and that certain factories were introduced to Boohoo by Mr Kamani’s brother, Jalal, a former trading director.Labour rights activists had previously claimed that some factory staff were expected to work while ill with Covid-19 during Leicester’s strict lockdown restrictions, though those claims are not the subject of findings in this case.In response, lawyers for Boohoo, from Herbert Smith Freehills, said there was “no reasonable basis” to include members of the Kamani family other than Mahmud Kamani, noting that none of them held senior leadership positions at the retailer.Boohoo said it “strongly contests the allegations and will vigorously defend any claim”.Among the investors bringing the case is the California State Teachers’ Retirement System, or CalSTRS, which manages pensions worth more than £285bn ($390bn).The case is expected to test what senior executives knew, and when, as scrutiny over supply chains and corporate oversight continues.

Polymarket, Kaito AI Launch 'Attention Markets' That Let Traders Bet On Social Hype

Polymarket is pushing beyond elections and sports with a new category of contracts that let traders bet on social-media "mindshare," using Kaito AI data to settle outcomes.The companies call the product "Attention Markets," according to a Forbes report on Tuesday, and Polymarket says it plans to roll out dozens of these contracts starting in early March, expanding from AI topics into entertainment and world events.Instead of a binary outcome, these markets aim to price the share of attention a topic captures across platforms like X, TikTok, and YouTube.What Is Kaito AI?Kaito AI is a leading decentralized information engine designed for the crypto and Web3 ecosystem.While traditional search engines struggle to capture the fast-moving, fragmented conversations on social ...Full story available on Benzinga.com

Is XRP Price Ignoring Russia’s Crypto Bill? What Comes Next for XRP Price?

The post Is XRP Price Ignoring Russia’s Crypto Bill? What Comes Next for XRP Price? appeared first on Coinpedia Fintech NewsThis week started with Russia dropping a regulatory bombshell, and the market barely blinked. The XRP price is still hovering around $1.42 24 hours after Russia’s news came to light, which introduced this bill to legalize XRP and crypto access for all investors. On paper, this opens the gates for roughly 146 million people. In ...

Blockchain.com secures FCA registration to operate crypto asset business in UK

Founded in the UK in 2011, the company secured a MiCA (Markets in Crypto-Assets) license last year, enabling it to operate across the EEA.

GBP/JPY Plummets: UK Political Chaos Clashes with Japan’s Remarkable Post-Election Calm

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Best Crypto to Buy Now Before the Crypto Bull Run Locks You Out: USDC and TRON Secure the System - Diamond Hands ($DH) Is Where Wealth Gets Created

Every crypto cycle quietly separates function from fortune. Some assets exist to keep the system running. Others exist to change the trajectory of those who enter early. Confusing the two is how investors end up safe-but not rich.USDC Coin and

Jimmy Lai’s children beseech Trump to argue for media mogul’s release in upcoming Beijing visit

“The president has said multiple times that this is a case that he cares about,” Sebastien Lai said about Trump during a call with reporters.

AZI Stock Reverses Early Gains To Slump 30% In Pre-Market – What Happened?

The company said it completed negotiations to acquire around $1.87 billion worth of premium digital assets from Crypto Titan for about $1.1 billion.

Jim Cramer on Bitgo (BTGO): “I Think You Should Just Go Buy Bitcoin”

U.S. Dollar’s Critical Crossroads: Economic Data Holds the Key to Future Moves, Says BofA Securities

BitcoinWorldU.S. Dollar’s Critical Crossroads: Economic Data Holds the Key to Future Moves, Says BofA SecuritiesNEW YORK, March 2025 – The U.S. dollar stands at a pivotal juncture, with its immediate trajectory now firmly tethered to upcoming economic releases, according to a comprehensive analysis from Bank of America Securities. The financial giant’s latest research report emphasizes that traditional macroeconomic indicators will likely dictate currency volatility through the remainder of the [...]This post U.S. Dollar’s Critical Crossroads: Economic Data Holds the Key to Future Moves, Says BofA Securities first appeared on BitcoinWorld.

What Can You Trade With MT5?

MetaTrader 5, often known as MT5, is one of the most popular trading platforms used by retail traders worldwide.