Holding Company

PRA fines The Bank of London and its parent company Oplyse Holdings Limited £2m for failing to act with integrity and misleading the PRA over their capital position

The Prudential Regulation Authority (PRA) has fined The Bank of London Group Limited and Oplyse Holdings Limited (formerly The Bank of London Group Holdings Limited) £2 million for misleading the PRA over their capital positions, failing to act with integrity, failing to be open and cooperative with the regulator and failing to maintain adequate financial resources.

AI Not Holding Back Companies From Hiring: Yale Budget Lab

SpaceX's hold over orbit matches East India Company's grip on maritime trade

SpaceX's hold over orbit matches East India Company's grip on maritime trade Lisa Lock Scientific Editor Andrew Zinin Lead Editor Elon Musk's SpaceX holds sway over the emerging space economy in a way that has more in common with notorious colonial-era trading companies than the competitive markets of today's textbooks, according to a new study. In 2025, SpaceX had a market share of around 75% of everything humanity sent into space, according to calculations led by Dr. Alessio Terzi from the...

Japan electronics retailers Yamada, Edion plan merger to create sector giant, Nikkei Asia reports

Japan electronics retailers Yamada, Edion plan merger to create sector giant, Nikkei Asia reports June 4 : Japan's consumer electronics retailers Yamada Holdings and Edion Corp are planning to merge, with combined sales of around 2.5 trillion yen ($15.62 billion), Nikkei Asia reported on Thursday. Both companies are likely to hold board meetings as early as this week to reach a basic agreement on the merger, the report said. Further details, including board composition if a holding company...

Politically connected company won $15m government contract despite 'red flags'

Former Queensland ALP government awarded $15m contract to politically connected company despite 'red flags' Tue 9 Jun 2026 at 6:24am In short: The former Queensland government awarded an ultimately doomed $15 million contract to cybersecurity company Cryptoloc Holdings despite red flags, auditors have found. An audit of the tender process, obtained by the ABC under Right to Information laws, highlights a series of errors, including multiple issues with the financial accounts. Recommendations...

Google co-founder is unable to buy this private island even after 12 years of court battle

Google co-founder Larry Page has been unable to secure ownership of a private Caribbean island for over a decade. The tech billionaire remains reportedly locked in a legal dispute over the Hans Lollik and Little Hans Lollik islands in the US Virgin Islands, despite purchasing them in 2014 through a holding company. According to a report by Business Insider, the dispute has stretched across multiple courts for nearly 12 years.

WhatsApp says spyware maker NSO Group is still targeting its users

WhatsApp says spyware maker NSO Group is still targeting its users Meta asked a federal court to hold the Israeli company in contempt. Meta is once again asking a court to intervene in its long-running battle against spyware maker NSO Group. The company says it's disrupted a spearfishing attempt that targeted WhatsApp users and is now asking a federal court to hold NSO in contempt.

LG shares rally on hopes for AI, robot cooperation with Nvidia, media says

LG shares rally on hopes for AI, robot cooperation with Nvidia, media says SEOUL, June 1 : Shares in South Korea's LG Electronics and some affiliates rose sharply in Monday morning trade, on investor hopes for expanded cooperation in physical AI and robotics with Nvidia, according to media reports. Shares in LG Electronics rose 28 per cent, while LG CNS and holding company LG Corp rose 25 per cent and 21 per cent, respectively, in morning trade. "The stock prices of LG Group companies have...

Anthropic’s relentless race to the top

Can the AI company hold on to its ethical founding principles as it strides to market with its most powerful and unnerving tool yet?

The DOGE Boys Get VC Funding to Support Their Latest Enterprise

Former members of the so-called Department of Government Efficiency (DOGE) have launched a startup to, they say, bring “DOGE for the private sector.” Their holding company, called Special, has backing from billionaire Marc Andreessen’s venture capital firm a16z and several other former DOGE members. In a post on a16z’s Substack, Nate Cavanaugh and Justin Fox, who led DOGE’s efforts at several government agencies, write that their startup will build “an operating system to transform critical...