Industry

FCA review warns agentic AI could reshape UK retail financial services by 2030, sets out seven regulatory steps

FCA review warns agentic AI could reshape UK retail financial services by 2030 and recommends seven regulatory steps to manage benefits and risks.

#ai, #financial-services, #regulation, #fca

Navient says law-firm ransomware exposed borrower Social Security numbers

Navient told the SEC a ransomware attack on an outside law firm accessed borrower data — including names, addresses, dates of birth and Social Security numbers.

$NAVI, #navient, #data-breach, #cybersecurity, #student-loans

Krafton, Unknown Worlds Settle Earnout Dispute Over Subnautica 2; CEO Ted Gill to Step Down

Krafton and Unknown Worlds reportedly settled a yearlong earnout dispute over up to $250M tied to Subnautica 2, with bonuses reportedly extended to all staff.

#krafton, #unknownworlds, #subnautica2, #earnout

South Korea targets Chungcheong with 392 trillion-won AI and semiconductor investment package

Seoul-backed 392 trillion-won package, led by Samsung and SK hynix, funds HBM, NAND, advanced packaging, AI data centers and biopharma in Chungcheong.

#southkorea, #semiconductors, #ai, #samsung, #skhynix

Former Goliath Ventures CEO Christopher Delgado Pleads Guilty in Crypto Fraud Case

Ex-Goliath Ventures CEO Christopher Delgado pleaded guilty to conspiracy, wire fraud and money laundering in a crypto scheme tied to hundreds of millions of dollars.

#cryptocurrency, #fraud, #finance, #goliathventures

DISH DBS and DISH Wireless file prepackaged Chapter 11 after AT&T spectrum-sale delay

DISH DBS and DISH Wireless filed prepackaged Chapter 11 on June 30 after an AT&T spectrum-sale delay left them unable to meet a $2.0bn July 1 debt.

#dish, #echostar, #bankruptcy, #spectrum, #att

U.K. FCA Publishes Final Crypto Rulebook, Sets Mandatory Authorization by Oct. 25, 2027

The U.K. FCA finalizes a comprehensive crypto rulebook and timetable, requiring authorization by Oct. 25, 2027, with rules for platforms, custodians and stablecoins.

#crypto, #regulation, #uk, #stablecoins

Rocket Lab to Buy Iridium for About $8 Billion, Adding Global Satellite Network

Rocket Lab will buy Iridium for about $8 billion in cash and stock, gaining a global LEO communications network, licensed spectrum and 2.55M subscribers.

$RKLB, $IRDM, #rocketlab, #iridium, #mergers, #satellites, #space

Honeywell completes aerospace spin-off; Honeywell Aerospace begins trading as HONA

Honeywell completed its breakup, spinning off Honeywell Aerospace (ticker HONA) while the remaining company, Honeywell Technologies, continues trading as HON.

$HON, $HONA, #honeywell, #spin-off, #aerospace, #automation, #stocks

BT Group and Verizon to form 50:50 joint venture for international enterprise services

BT Group and Verizon will combine international enterprise operations into a 50:50 joint venture serving 3,000+ customers in 180+ countries; deal expected in 2027.

$VZ, $BT.A, #btgroup, #verizon, #jointventure, #networking

Lockheed Martin Says U.S. Award Could Provide Up to $35 Billion to Accelerate THAAD Production

Lockheed Martin says a seven-year U.S. award could fund up to $35 billion to ramp THAAD interceptor production — but it’s an undefinitized contract.

$LMT, #lockheed, #defense, #missiles, #procurement, #thaad

DOE Issues Conditional $17.5 Billion Loan Commitment to Support Up to 10 Westinghouse AP1000 Reactors

DOE has offered a conditional commitment of up to $17.5B to finance long‑lead equipment purchases for as many as 10 Westinghouse AP1000 reactors, aiming to speed builds.

#nuclear, #energy, #doe, #westinghouse

U.S. Reaches Consent Decree With Chemours Requiring Over $450 Million for PFAS Cleanup

DOJ, EPA and West Virginia settled with Chemours in a federal consent decree requiring more than $450M in penalties, controls and drinking-water measures for PFAS releases.

$CC, #pfas, #chemours, #doj, #environment

Kadokawa CEO Survives Shareholder Vote as Activist Oasis Becomes Largest Shareholder

Kadokawa CEO Takeshi Natsuno survived a shareholder vote, but activist Oasis raised its stake to become the largest shareholder and will keep pressing over FromSoftware profits.

$9468.T, #kadokawa, #fromsoftware, #eldenring, #shareholderactivism, #japan

Iceland to Join ECB’s Instant-Payments Platform, Bringing the króna to TIPS in 2028

The ECB and Iceland’s central bank agreed to add the króna to the Eurosystem’s instant-payments platform TIPS from 2028, extending multicurrency settlement.

#payments, #ecb, #iceland, #instantpayments