Tag: billions

US slaps sanctions on network it accuses of moving billions for Iran’s military

By Daphne Psaledakis WASHINGTON (Reuters) – The United States on Tuesday imposed sanctions on nearly 50 entities and people it accused of moving billions of dollars for Iran’s military, as Washington seeks to increase pressure on Tehran. The U.S. Treasury Department in a statement said those targeted on Tuesday constitute a “shadow banking network” used […]

South Africa Risks Losing Billions Pledged for Climate Finance

(Bloomberg) — South Africa is risking a $9.3 billion climate finance pact by delaying the closing of a number of coal-fired power plants, a panel appointed by the country’s environment minister said. Most Read from Bloomberg In an agreement known as the Just Energy Transition Partnership, South Africa won the bulk of the pledges from […]

North Carolina is Losing Billions Yearly Due to Insufficient Child Care

This article was originally published in EducationNC. Insufficient child care is costing North Carolina about $5.65 billion each year, a new study from the U.S. Chamber of Commerce Foundation estimates. The report, released in partnership with the N.C. Chamber Foundation and NC Child, looked at the ways a lack of child care access hurts the […]

Tesla shareholder sues Musk to return billions in alleged unlawful profits

WILMINGTON, Delaware (Reuters) –Elon Musk made billions of dollars by selling Tesla stock using insider information, an institutional shareholder accused in a lawsuit filed on Tuesday, asking the court to direct the Tesla CEO to return “unlawful profits.” The lawsuit comes two days before a critical vote by Tesla shareholders on whether to reinstate Musk’s […]

Tesla shareholder sues Musk to return billions in alleged unlawful profits

WILMINGTON, Delaware (Reuters) -Elon Musk made billions of dollars by selling Tesla stock using insider information, an institutional shareholder accused in a lawsuit filed on Tuesday, asking the court to direct the Tesla CEO to return “unlawful profits.” The lawsuit comes two days before a critical vote by Tesla shareholders on whether to reinstate Musk’s […]