Adani scraps $2.5 billion share sale as value of his empire collapses

London CNN — Indian billionaire Gautam Adani on Wednesday abandoned a deal to raise $2.5 billion from investors after a week-long meltdown in the value of his logistics and energy business empire that started when an American short seller accused the conglomerate of fraud. The share sale — the largest offering by a company already … Read more

Italian woman on India flight accused of assaulting crew

An Italian passenger flying from Abu Dhabi to India Monday was forcibly restrained and arrested after allegedly spitting on and punching flight crew members for denying her a seat in business class. The woman, identified as 45-year-old Paola Perruccio, was taken into custody in Mumbai, after being tied to a seat aboard a flight operated … Read more

Brazil’s Lula snubs Olaf Scholz with Ukraine war remarks – POLITICO

German Chancellor Olaf Scholz and Brazil’s newly inaugurated President Luiz Inácio Lula da Silva traded barbs late Monday on who’s responsible for Russia’s invasion in Ukraine, as the latter suggested that Kyiv could also be at fault. Scholz arrived in the capital Brasília late Monday as part of a South American trip aimed at advancing … Read more

Adani’s battle with Hindenburg leaves investors sizing up its exposure

Gautam Adani, chairman of the Adani Group. Bloomberg | Bloomberg | Getty Images While Gautam Adani received a vote of confidence from investors in his latest $2.5 public offering Tuesday, Wall Street is still sizing up his exposure to the global financial sector. As Adani’s empire has grown, his group has established new relationships with … Read more

Explainer: What sparked brawl between Pro-India supporters and Sikhs at Melbourne’s Fed Square

Over the weekend, a Melbourne landmark became the center of an ugly clash between two Indian ethnic groups in scenes rarely seen in Australia. Footage posted to social media captured the moment about 100 people broke out into a fight, using flags as weapons outside Federation Square on Sunday afternoon. The brawl, which broke out … Read more

Cost of living not the only reason many are delaying retirement

Workers surveyed in China are the least likely to retire as soon as possible — even “in an ideal world,” Randstad said. And 3% of workers in Asia-Pacific never want to retire at all, which is the highest percentage out of all regions. Edwin Tan | E+ | Getty Images The cost of living crisis … Read more

Adani Group slams Hindenburg ‘attack on India’ as stock rout hits $70 billion

New Delhi CNN — The Adani Group has accused a US investment firm of launching “a calculated attack” on India by publishing a report alleging widespread fraud at the ports-to-power conglomerate. Hindenburg Research released its report on billionaire Gautam Adani’s business last week, accusing the group of “brazen stock manipulation and accounting fraud scheme over … Read more

Most Adani shares continue losses; founder loses $28 billion in month

Gautam Adani, chairperson of Indian conglomerate Adani Group, at the World Congress of Accountants in Mumbai on Nov. 19, 2022. Founder Gautam Adani, the richest man in Asia and once second only to Elon Musk, fell out of the world’s top five richest to rank seventh on the Bloomberg’s Billionaire Index. Indranil Mukherjee | Afp … Read more

Billionaire Gautam Adani Loses $26 Billion

Last year, Gautam Adani, 60, was the star of all the rankings of the biggest fortunes in the world. He was one of the few billionaires to see his net worth rise sharply as the global economic downturn rattled the fortunes of tech tycoons. Adani, an unknown in the West, saw his fortune increase by … Read more

Alice Springs: NT denies youths were taken away in buses before Anthony Albanese visit

Schrodinger’s cat, meet Albo’s school bus. Anthony Albanese’s flying visit to Alice Springs is the talk of the town — but not for the reason he might have hoped. The Prime Minister, accompanied by Northern Territory Chief Minister Natasha Fyles, made an emergency trip to the troubled outback community earlier this week, where they announced … Read more