Experts are confounded by Puerto Rico bankruptcy Judge Laura Taylor Swain’s debtor-centric interpretation of the Puerto Rico Oversight, Management, and Economic Stability Act. The Puerto Rico Oversight Board’s latest proposed Puerto Rico Electric Power Authority plan of adjustment would give bondholders a payout as little as 0.21%, and a ruling Swain made last week could
On March 27, European cryptocurrency investment firm CoinShares published its “Digital Asset Fund Flows Report,” which revealed that digital assets continue to attract investors’ attention as concerns over the stability of traditional finance (TradFi) continues to grow.  According to the latest report, investment products in digital assets experienced inflows of $160 million last week, the largest
Denver International Airport CEO Phillip Washington has withdrawn from consideration as President Biden’s pick to head the Federal Aviation Committee amid Republican opposition. Transportation Secretary Pete Buttigieg confirmed Washington’s withdrawal in a tweet Saturday night. “The FAA needs a confirmed administrator, and Phil Washington’s transportation & military experience made him an excellent nominee,” Buttigieg said.
Humza Yousaf has won the race to replace Nicola Sturgeon as leader of the Scottish National party, paving the way for him to become Scotland’s first minister. The 37-year old health secretary won 52.1 per cent of the vote of SNP members in the second round of voting, beating Kate Forbes, the finance secretary, who
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