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Wise investigated in Belgium over money-laundering control concerns
International money transfer service’s shares tumble as it confirms discussions with prosecutor’s officeBusiness live – latest updatesWise, the UK-based international money transfer service and darling of the London fintech scene, has confirmed it is answering questions from Belgian prosecutors investigating money laundering, sending its shares tumbling.In a statement to the stock market, Wise said it was “currently working with the Brussels prosecutor to respond to queries about our business, a...
Why the world’s most ambitious coal phase-out deal has failed – and what it means for climate finance
In December 2025, Indonesia quietly abandoned plans to close the Cirebon-1 coal power plant. This was no ordinary power plant. Cirebon-1 was supposed to be the centrepiece of a US$21.4 billion (£16.5bn) international deal backed by the US, UK, Japan and the EU to help Indonesia end coal use. Indonesia’s so-called Just Energy Transition Partnership, or Jet-P, was launched at a G20 summit in Bali in 2022. Similar deals have been struck with South Africa, Vietnam and Senegal. They are widely reg...
Billionaire Barry Diller Will Wants MGM Resorts For $18B, Report Says
BreakingBusinessBillionaire Barry Diller Will Wants MGM Resorts For $18B, Report SaysByMary Whitfill Roeloffs,Forbes Staff. Mary Roeloffs is a Forbes breaking news reporter covering pop culture.Follow AuthorJun 01, 2026, 09:28am EDTToplineBillionaire online media mogul Barry Diller is reportedly set to make a $48.30-per-share cash offer for MGM resorts through his company People Inc. in a deal that would value MGM at $18 million. The MGM Grand Hotel and Casino on Feb. 20, 2020 in Las Vegas, Neva...
Barry Diller launches $18bn takeover offer for MGM Resorts
Casino resort group’s shares jump 14% after media veteran announces take-private plan
Grid costs and clean energy subsidies to hit £40 BILLION a year
Clean energy subsidies and grid costs will hit £40billion a year by 2030, an analyst predicts. This £20billion increase from last year’s prices is equivalent to around £700 per household, according to a paper from think tank, the Institute of Economic Affairs.OBR figures show clean energy subsidies, which include wind and nuclear, will increase from £11.8billion a year to £15.2billion, the IEA paper found.Meanwhile, integration costs – which include connecting the grid to renewable projects and...
Chinese car brand targets 'long-term sustainable growth' with bold UK plans for 2030
A new Chinese car brand has confirmed that its UK launch continues to gain steam with the opening of its retail partners today.Aion has announced that its retail partners will be opening across the UK from June 1, with its flagship model, the Aion V electric car, available immediately.Jon Wakefield, managing director of Aion Auto UK, welcomed joint venture partners GAC International and Jameel Motors to the brand's headquarters outside of London.Aion welcomed the likes of Jack Chen, Vice Preside...
Wise under investigation over money laundering control concerns
Wise under investigation over money laundering control concernsJust nowShareSaveAdd as preferred on GoogleDaniel ThomasBusiness reporter Jaque Silva/NurPhoto via Getty ImagesWise said it had 19 million customers last year UK money transfer company Wise is being investigated over suspicions criminals used its accounts for money laundering, Belgian prosecutors have told French media.Wise said it was working with the Brussels prosecutor's office but that "no specific findings have been shared with...
LA’s storied fashion district in a slump – can the Olympics put it back on its feet?
The neighborhood that makes America’s clothes has been buffeted by ICE raids and post-Covid problems – but leaders say hope is on the horizonDowntown Los Angeles’s fashion district, the largest apparel manufacturing hub in the United States, is a neighborhood in freefall. While 83% of clothing cut and sewn in the United States is made here, the district has suffered in recent years as visitation and sales have plummeted.“I went from making $2,000 a day to making now $500, sometimes $700,” said F...
The Green Grid’s Hidden Backdoor: Who Controls Europe's Clean Energy?
BusinessEnergyThe Green Grid’s Hidden Backdoor: Who Controls Europe's Clean Energy?ByKen Silverstein,Senior Contributor.Forbes contributors publish independent expert analyses and insights. Ken Silverstein analyzes the Energy Transition, AI and GeopoliticsFollow AuthorJun 01, 2026, 09:00am EDTRussian flag displayed on a laptop screen, Guy Fawkes mask and binary code displayed on a screen are seen in this multiple exposure illustration photo taken in Krakow, Poland on March 1, 2022. Global hacker...
Reeves examines using private sector funds to speed building of new towns
Chancellor in talks with banks and investment funds about public-private partnerships to build infrastructureBusiness live – latest updatesRachel Reeves is examining how to attract funds from private investors to accelerate the government’s development of new towns in England.The chancellor has begun talks with some of the UK’s biggest banks and investment funds about building infrastructure for new towns based on public-private partnerships (PPP) – a successor to the much-criticised Tony Blair-...
Honeywell-Backed Quantinuum Boosts IPO Target to $1.46 Billion
Honeywell International Inc.-backed quantum computing company Quantinuum Inc. boosted the size of its initial public offering to as much as $1.46 billion, raising the number of shares offered and the price range.
Turkey Is in Talks With Russia on Gas Supplies Beyond 2026
Turkey and Russia are discussing an extension of natural gas supply agreements beyond 2026 as current deals expire at the end of the year.
Stop Counting Vulnerabilities. Start Proving Risk
InnovationStop Counting Vulnerabilities. Start Proving RiskByYonesy Nunez,Forbes Councils Member.for Forbes Technology CouncilCOUNCIL POSTExpertise from Forbes Councils members, operated under license. Opinions expressed are those of the author. | Membership (fee-based)Jun 01, 2026, 08:30am EDTDr. Yonesy F. Núñez is the CISO of Surf AI and a six-time CISO across financial services, fintech, and agentic AI. gettyFor two decades, enterprise cybersecurity has run on a simple loop. Find the flaw. N...
QXO Kicks Off $3 Billion Loan Sale in M&A Debt Deal for TopBuild
A group of banks led by Wells Fargo & Co. kicked off a $3 billion leveraged loan sale as part of a larger debt package to finance building products distributor QXO Building Products Inc.’s purchase of rival TopBuild Corp.
Iran issues sinister warning to Trump as oil market surges
Iran issues sinister warning to Trump as oil market surgesPolitics is fast. We're faster. Sign up to the DC Insider newsletter for a front-row seat to Washington... and unlock 3 FREE months of DailyMail+ HERESee more Daily Mail on Google - save us as a Preferred SourceBy PHILLIP NIETO, US POLITICAL REPORTER Published: 13:19, 1 June 2026 | Updated: 13:20, 1 June 2026 e-mail View comments
Activist Toms Capital Ramps Up Campaign at Voya Financial
Insurance company Voya Financial Inc. is facing increased pressure from activist investor Toms Capital Investment Management to take M&A action and make changes.
US Futures Rise as Traders Remain Hopeful of US-Iran Peace Deal
US stocks headed for a positive open on Monday as traders remained hopeful that Washington and Tehran would strike a peace deal, even amid a rise in oil prices.
Winston Taylor Completes Historic Transatlantic Combination
Winston Taylor announces today that Winston & Strawn and Taylor Wessing’s U.K.-led business have officially launched as a single combined firm, creating a premier transatlantic law firm built for the needs of the businesses, people, and markets driving capital and innovation. One of the largest transatlantic firms, with more than 1,400 lawyers spanning the United States, the United Kingdom, Europe, Latin America, and the Middle East, Winston Taylor is built to meet clients’ evolving global ne...
Chile Investors Turn Back to Peso Notes as If War Never Happened
As Washington inches closer to a deal with Iran, Chilean investors are moving back into short-term peso bonds, wagering that inflation fears sparked by the Middle East conflict are a thing of the past.
US Premarket Movers for June 1, 2026
US equity-index futures rise, despite higher oil prices. Contracts on the S&P 500 Index are up 0.3% at 7:46 a.m. in New York.