BUSINESS

BOLT WANTS TO RETURN SHARES WORTH 37MILLION IN AN INVESTOR LAWSUIT

Photo Credit: Bolt

At the heart of the lawsuit was a $30 million personal loan secured by Bolt for Beslow, which he defaulted on. The legal action, initiated by investor Activant Capital, accused Beslow of financial mismanagement and board manipulation.

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ACCION'S $152.5M FUND: EMPOWERING SMALL BUSINESSES WORLDWIDE

Photo Credit: Accion

In a landmark initiative, Accion, the global nonprofit, has unveiled the Accion Digital Transformation Fund (ADTx), a $152.5 million fund aimed at bolstering financial institutions that cater to small businesses globally.

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MIRAGE CASINO ON THE LAS VEGAS STRIP SET TO CLOSE

Photo Credit: Mirage

In a seismic shift for the famed Las Vegas Strip, the Mirage Casino, an iconic megaresort that has stood as a beacon of entertainment and luxury for decades, is set to close its doors. This announcement marks the end of an era for one of Sin City's most storied landmarks, signaling a profound transformation in the landscape of America's gambling capital.

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VOLKSWAGEN ANNOUNCES RELEASE OF NEW GOLF GTI VARIANT

Photo Credit: Volkswagen

As Volkswagen gears up to celebrate the 50^th anniversary of the iconic Golf model, the automotive world is abuzz with anticipation for the unveiling of a new Golf GTI variant. The announcement, teased by CEO Thomas Schäfer, promises a reveal date of May 31, during the prestigious Nurburgring 24 Hours event.

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NIO ONVO UNVEILS THE L60 ELECTRICAL VEHICLE

Photo Credit: Nio

On May 15th, Nio made a significant stride in the electric vehicle (EV) market by launching its mass-market brand, Onvo, aimed at young families. Positioned under the Nio umbrella, Onvo, meaning "On Voyage," is set to redefine family mobility. The brand's debut model, the Onvo L60, promises an impressive blend of efficiency, performance, and affordability.

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BOOKING.COM FACES NEW TOUGH EU TECH REGULATIONS

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The Dutch online travel giant Booking.com on Monday, was added to the European Union's list of digital companies that are big enough to fall under tougher competition rules.

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PARAMOUNT GLOBAL’S UNCERTAIN FUTURE: SONY’S RETHINK

Photo Credit: Sony

In a surprising turn of events, the media landscape buzzed with the news that Sony, in partnership with Apollo Global Management, is reconsidering its colossal $26 billion bid to acquire Paramount Global. This development sent Paramount’s shares tumbling, reflecting the market’s reaction to the uncertainty now clouding the deal.

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PRIVATE EQUITY FIRM ACQUIRES SQUARESPACE IN A LANDMARK $6.9 BILLION DEAL

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In a swift move within the tech industry, Squarespace, a renowned software company, has been acquired by the private equity firm Permira in a monumental all-cash transaction valued at approximately $6.9 billion.

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