Other Company News
Binance to allocate $1bn into recovery fund for distressed crypto assets
Cryptocurrency exchange Binance will look to pour at least $1. 0bn into a recovery fund aimed at buying up distressed crypto assets.
Jaguar Land Rover sets its sights on laid off tech workers
Luxury carmaker Jaguar Land Rover has set its sights on out-of-work British tech workers as the company looks for assistance as it gears up to develop electric car technology.
Nexperia ordered to lower Newport Wafer Fab stake by 86%
Chinese tech giant Nexperia has been ordered to dispose of its majority stake in British silicon chip manufacturer Newport Wafer Fab as part of an effort to "mitigate the risk to national security".
Genesis' lending arm temporarily halts redemptions and new loan originations
The lending arm of cryptocurrency investment bank Genesis Global Trading has temporarily halted redemptions and suspended new loan originations following the collapse of Bahamas-based crypto exchange FTX.
Frasers looks to acquire Savile Row tailor Gieves & Hawkes
Retailer Frasers Group was said to be close to striking a deal to acquire Savile Row tailor Gieves & Hawkes after its Hong Kong-based owner collapsed into liquidation.
Heathrow says no flight cap as it gears up for biggest Xmas since 2019
London's Heathrow airport said on Friday that it would not impose a flight cap as it braced for its biggest Christmas since 2019.
Polymetal Q3 revenues drop despite higher gold production
Miner Polymetal reported a drop in third-quarter revenues on Wednesday amid weaker metal prices and increased inventories as a result of supply chain woes.