Wednesday, April 29

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Billionaire Gautam Adani indicted in New York on bribery charges
World News

Billionaire Gautam Adani indicted in New York on bribery charges

By Ramishah Maruf, CNN Billionaire Indian industrialist Gautam Adani has been charged with paying hundreds of millions of dollars of bribes and hiding the payments from investors, US prosecutors say. Photo: AFP / PUNIT PARANJPE Indian billionaire Gautam Adani and other executives have been indicted in New York for roles in a multi-billion-dollar fraud scheme, the US Department of Justice says. Authorities said Adani and seven other senior business executives, including his nephew Sagar Adani, promised more than US$250 million in bribes to Indian government officials to secure solar energy contracts. Those bribes were "to lie to investors and banks to raise billions of dollars, and to obstruct justice," said Deputy Assistant Attorney General Lisa Miller in a statement Wednesday. Worth...
Snowflake (SNOW) Q3 earnings report 2025
Business

Snowflake (SNOW) Q3 earnings report 2025

Snowflake shares spiked 19% in extended trading on Wednesday after the data analytics software maker reported fiscal third-quarter earnings that beat estimates.Here's how the company did, compared to LSEG analysts' expectations:Earnings per share: 20 cents, adjusted vs. 15 cents expectedRevenue: $942 million vs. $897 million expectedSnowflake's revenue rose 28% year over year in the quarter, which ended on Oct. 31, according to a statement. The company's net loss of $324.3 million, or 98 cents per share, widened from $214.3 million, or 65 cents per share, in the same quarter a year earlier.Product revenue represented around 96% of total sales. Snowflake called for $3.43 billion in fiscal 2025 product revenue, implying 29% growth. That's up from the $3.36 billion forecast management gave th...
Air pollution spikes inflammation in patients with heart disease: Study
Health

Air pollution spikes inflammation in patients with heart disease: Study

Patients with heart disease, specifically those with heart failure, are especially vulnerable to the impacts of air pollution and poor air quality and can take steps to protect themselves, a new study has said.  Results from the Intermountain Health study, presented at the American Heart Association’s 2024 Scientific Sessions international conference in Chicago, found that two inflammatory markers — CCL27 (C-C motif chemokine ligand 27) and IL-18 (interleukin 18) — were elevated in heart failure patients who were exposed to poor air quality, but did not change in those without heart disease. While previous research has shown that people with some chronic health conditions, like heart failure, coronary disease, asthma, and COPD, struggle during spikes in air pollution, the new study demon...
Comcast cable networks spinoff emphasizes need for change in media
Business

Comcast cable networks spinoff emphasizes need for change in media

Nikolas Kokovlis | Nurphoto | Getty ImagesComcast shares posted modest gains Wednesday after the company announced its plan to spin off all of NBCUniversal's cable networks, except Bravo, into a separate publicly traded entity.Investors' initial shrug at the proposed transaction underscores the uncertainty of the maneuver.The hope for Comcast is that by shedding declining assets, the company's shares will rise. Cable networks are still profitable, but they're hemorrhaging subscribers and revenue every year as Americans cancel traditional pay TV for streaming services. That may be an anchor on Comcast's shares. Wall Street typically doesn't like assets with slumping revenue and profit.Still, there's plenty of uncertainty around the spinoff. It's unclear if Comcast investors will care that m...
Methanol poisoning: Third person dead after drinking tainted alcohol in Laos
World News

Methanol poisoning: Third person dead after drinking tainted alcohol in Laos

Vang Vieng in Laos. Photo: CHAPUT FRANCK / HEMIS.FR / AFP The ABC understands a third person has died in Laos after drinking tainted alcohol, as two Australian teenagers continue to fight for their lives following the mass poisoning incident. Melbourne 19-year-olds Holly Bowles and Bianca Jones are critically ill after they drank alcohol suspected to have been tainted by methanol at a bar in Vang Vieng in Laos last Tuesday. Bowles and Jones are currently hospitalised in Thailand. On Thursday morning the US State Department said a US citizen had died in Vang Vieng. It is understood at least two Danish women in their 20s have died, with at least 10 people falling ill after drinking the alcohol. "We can confirm the death of a US citizen in Vang Vieng, Laos," the US State Department said. "...
Tropical Christmas Getaways you can still book for 2024: from Mexico to Madagascar
Life Style

Tropical Christmas Getaways you can still book for 2024: from Mexico to Madagascar

Whale sharks and lemurs, turtles and chameleons — Madagascar is a biodiversity wonderland, with the added bonus of exceptional beaches, lush volcanic topography and vanilla-scented traditional villages. Just opened this July with eight suites, Time + Tide Tsara Komba is accessed by boat, offering adventure from the moment you arrive, including scuba diving, nature walks and sand-side picnics. Tie in a stay with a visit to Time + Tide Chinzombo in Zambia’s South Luangwa Park — home to unique Cookson’s wildebeest and Thornicroft’s giraffe, and you’ll have a wildlife-packed Christmas holiday that also includes restorative lounger time. Source link
Stocks making biggest moves after hours: NVDA, SNOW and more
Business

Stocks making biggest moves after hours: NVDA, SNOW and more

Check out the companies making headlines in extended trading: Nvidia — The artificial intelligence darling slid nearly 2% despite exceeding expectations for the third quarter and providing strong guidance. Nvidia posted 81 cents in adjusted earnings per share and $35.08 billion in revenue. Analysts surveyed by LSEG were expecting 75 cents in earnings per share and $33.16 billion in revenue. Snowflake — The cloud stock soared 18% after beating earnings expectations for the third quarter and issuing strong guidance. Snowflake posted adjusted earnings of 20 cents per share on $942 million in revenue, while analysts surveyed by LSEG predicted 15 cents in earnings per share and $897 million in revenue. Palo Alto Networks — The cybersecurity stock slipped 5%. Palo Alto announced a two-for-one st...
Dame Jacinda Ardern to be given United Nations leadership award
World News

Dame Jacinda Ardern to be given United Nations leadership award

File photo. Jacinda Ardern pictured on 2023. Photo: AFP Former Prime Minister Dame Jacinda Ardern is to be given a global leadership award by the United Nations Foundation. The annual awards, We The Peoples, recognise "extraordinary individuals and organizations whose work embodies the values and purposes of the UN". Ardern will be given the champion for global change award. The citation said it recognised her trailblazing and empathetic leadership, her commitment to championing the rights of women, combatting climate change and fostering of unity and peace. Last month, Ardern recieved her damehood from Prince William in a ceremony in the UK. Previous recipients of the champion for global change award included UN deputy secretary-general Amina J. Mohammed, Barbados prime minister Mia Am...
What to know about Trump’s NATO ambassador pick Matt Whitaker – National
Politics

What to know about Trump’s NATO ambassador pick Matt Whitaker – National

Donald Trump says he has chosen his former acting U.S. attorney general Matt Whitaker to serve as U.S. ambassador to NATO, the bedrock Western alliance that the president-elect has expressed skepticism about for years. Trump, in a statement, said Whitaker was “a strong warrior and loyal Patriot” who “will ensure the United States’ interests are advanced and defended” and “strengthen relationships with our NATO Allies, and stand firm in the face of threats to Peace and Stability.”The choice of Whitaker as the nation’s representative to the North Atlantic Treaty Organization is an unusual one, given his background is in law enforcement and not in foreign policy. Whitaker had been considered a potential pick for attorney general, a position Trump instead gave to Matt Gaetz, a fierce loyalist ...
Billionaire Gautam Adani charged in New York with massive fraud
Business

Billionaire Gautam Adani charged in New York with massive fraud

Chairperson of Indian conglomerate Adani Group, Gautam Adani addresses a gathering during the inaugural session of Vibrant Gujarat Global Summit 2024 in Gandhinagar on January 10, 2024.Punit Paranjpe | AFP | Getty ImagesGautam Adani, the chair of India's Adani Group conglometerate and one of the world's richest people, has been indicted in New York federal court with other defendants in connection with an alleged multi-billion-dollar fraud scheme, authorities said Wednesday.Adani and two other defendants, Sagar Adani and Vneet Jaain, who are executives of Adani Green Energy Limited, are accused of conspiring to commit wire fraud and securities fraud for their roles in obtaining funds from investors in the United States and international lenders "on the basis of false and misleading stateme...