Fisker’s plan to liquidate its assets has been accepted by the bankruptcy court in Delaware. And with it, the issue of who should pay for labor costs associated with a pair of recalls on the bankrupt EV startup’s SUVs is finally settled. Fisker has also reached a deal with American Lease, the buyer of its […]
India approves $15B in semiconductor plant investments
India has approved allocating up to $ 15.2 billion (1.26 trillion Indian rupees) to build three new semiconductor plants, including its first semiconductor fab facility — part of the country’s big bid to take on China, Taiwan and other countries in the chip race. Significantly, although AI chips are very much the talk of the […]
Russian Government Approves Plan to Regulate Cryptocurrency
The federal government in Moscow has adopted a concept for regulating the Russian crypto space as early as this month. The new framework is expected to place cryptocurrency flows under state oversight, introduce strict obligations for market participants, and ensure investor protection. Russian Authorities Move to Legalize Crypto Economy The Russian government “has determined the […]