The U.S. Bankruptcy Court for the Central District of California confirmed the Plan of Liquidation for Oceanwide Plaza LLC, enabling the $470 million sale of the stalled Downtown Los Angeles development to KPC Square, a joint venture between KPC Group and Lendlease. The City of Los Angeles and Los Angeles County withdrew their objections, clearing the path for the sale to close in the coming months. This move revives the long-idle 1.5 million-square-foot project near Crypto.com Arena, positioning it for completion ahead of the 2028 Olympics. The plan includes graffiti removal and aims to finally finish the three high-rise towers that have been unfinished since 2019.
The global enterprise carbon management software market, valued at $16.7 billion in 2024, is projected to grow to $42.2 billion by 2034 at a CAGR of 9.73%. Growth is driven by increasing corporate net-zero commitments, stricter climate regulations, a...
The US has imposed 50% tariffs on Canadian goods like wine, dairy, and furniture, citing discrimination against US products. Canadian Prime Minister Mark Carney called the tariffs a violation of the USMCA trade agreement but expressed willingness to ...
Bitcoin rose to about $65,500, its highest in two weeks, driven by a rebound in Asian semiconductor stocks and a broad risk rally. This recovery was supported by over $600 million in inflows into U.S. spot bitcoin ETFs over five days, marking strong ...
David Schwartz, Ripple's former CTO, expressed regret over selling his XRP at $0.10 and Ethereum at around $1, citing his strong dislike of risk as the main reason. He had agreed with his wife to sell at every new all-time high, prioritizing peace of...
A Taiwan court sentenced Shih, the leader of the Cointhink crypto fraud ring, to 22 years in prison for defrauding over 1,500 investors of more than $37 million. The group falsely claimed to be authorized by Taiwan's Financial Supervisory Commission ...
