Swan Energy subsidiaries Reliance Naval and Triumph Offshore to merge

Swan Energy on Friday announced that its subsidiaries, Reliance Naval and Engineering and Triumph Offshore, will merge. Under the proposed deal, Triumph Offshore will merge into Reliance Naval and Engineering.  Triumph Offshore is a wholly owned subsidiary of Swan Energy, while Reliance Naval is a step-down subsidiary. The scheme requires approval from the Ahmedabad bench … Read more

Steve Smith Falls for Golden Duck in Perth Test

Steve Smith fell for a golden duck in the first Border-Gavaskar Trophy Test in Perth. Jasprit Bumrah’s lethal in-swinger trapped Smith plumb in front, marking only the second golden duck in his Test career. Australia struggled at 19/3 as Bumrah’s fiery spell dominated the early stages of the match. Jasprit Bumrah Stuns Steve Smith … Read more

New UK crypto regulations will include stablecoins and staking services

The U.K. is set to create an all-encompassing regulatory framework to govern the crypto sector in early 2025. Speaking on Thursday at the Tokenisation Summit in London, economic secretary to the treasury Tulip Siddiq confirmed that the new rules would include cryptocurrency and stablecoins, which are pegged against a more stable asset such as a … Read more

Pro-Palestinian groups sue Dutch gov’t for failing to stop Gaza ‘genocide’ | Israel-Palestine conflict News

The NGOs want the Netherlands to ban the export and transit of weapons, weapon parts, and dual-use items to Israel. Pro-Palestinian organisations have taken the Dutch state to court, urging a halt to arms exports to Israel and accusing the government of failing to prevent what they termed a “genocide” in Gaza. They argue that … Read more

Cato suspends quarterly dividend (NYSE:CATO)

Cato Corporation (NYSE:CATO) has suspended its regular quarterly dividend, in light of the current economic conditions and current sales trends. Shares fell 7% premarket on Friday in reaction. The company incurred a loss of $0.79 per share in the third quarter on revenue of $146.17M that fell 7.6% Y/Y. It last paid dividend of $0.17/share in September.