Shares of Borders & Southern Petroleum fell 15% following Argentine President Javier Milei's announcement to accelerate sanctions against companies involved in oil projects near the Falkland Islands. Milei specifically targeted British firms Rockhopper Exploration and Navitas Petroleum but also included other license holders like Borders & Southern. The Argentine government claims the Falklands, which it calls the Malvinas, and views foreign oil rights there as illegitimate. This move follows comments from Donald Trump suggesting the US might reconsider the islands' sovereignty. Borders & Southern holds significant oil licenses in the South Falkland Basin, including the Darwin discovery. The UK maintains its firm stance on sovereignty, citing a 2013 referendum where islanders overwhelmingly voted to remain British. The situation adds volatility to Borders & Southern’s stock amid ongoing project developments and farm-out talks.
A Bitcoin wallet from the Satoshi era, dormant since 2011, moved 40 BTC worth about $3.09 million, showing a 2,571,899% gain. This move challenges a $293 billion class-action lawsuit in New York claiming dormant crypto is abandoned property. The tran...
Bitcoin surged past $80,000 following a 4.3% gain on Friday, extending a strong recovery that began in late August after a tough third quarter. Despite the rally, Fidelity warns the bear market might not be over, citing Bitcoin's historical four-year...
Volkswagen announced plans to cut an additional 50,000 jobs as part of its Future Plan 2030, a major restructuring effort to address rising tariff costs, global competition, and changing market demands. This move adds to 50,000 previously approved cu...
UBS increased its price target for Computacenter PLC by 33% to 7,000p, citing strong growth prospects from AI data centre demand, a German market rebound, and hardware refresh cycles. Despite an 81% share gain this year, UBS sees further upside, rais...
Keel Infrastructure, formerly Bitfarms, saw its stock rise 7.72% following positive developments on its proposed 96-megawatt data centre in Sherbrooke, Quebec. This increase added about $148 million to the company's market cap, raising the value of b...
