Author: Press Room

Distressed companies can stay solvent as long as retail stock investors remain irrational. And Wall Street’s financial engineers have noticed. Earlier this week, struggling retailer Bed Bath & Beyond announced plans to raise as much as $1bn in equity. B,B&B bonds trade at less than 10 cents on the dollar. Its market capitalisation of roughly $500mn seemed too high, given the company had missed an interest payment and was in default on a bank loan. Raising any capital outside of bankruptcy, let alone equity, seemed impossible.The complex offering is made up largely of preferred stock convertible into common shares and…

An artist who sold non-fungible tokens featuring digital depictions of Birkin handbags has been ordered to pay $133,000 in damages to the brand’s owner Hermès, a victory for the French luxury group in a landmark case over how US intellectual property rights are applied to digital assets.A New York jury rendered the verdict on Wednesday following a week-long trial, in which lawyers for artist Mason Rothschild argued that he was commenting on alleged animal cruelty involved in the production of leather goods and should be protected by the right to artistic expression under the Constitution’s First Amendment.Rothschild’s defence team compared…

Ukrainian President Volodymyr Zelenskyy descended upon the United Kingdom Wednesday and urged lawmakers to send warplanes to Ukraine ahead of his visit with King Charles III. “Today I will have the honor to be received by His Majesty the King,” Zelenskyy said while addressing both Houses of Parliament and U.K. Prime Minster Rishi Sunak. “It will be a truly special moment for me, for our country.”In Britain, the king is an air force pilot. And in Ukraine today every air force pilot is a king,” he said to wide applause from members of Parliament.  RUSSIA’S PUTIN LIKELY SIGNED OFF ON MISSILE…

PHOENIX — Terry Bradshaw is willing to be a showman to his very last breath. Literally. The 74-year-old Bradshaw spoke to reporters at Fox Sports media day in advance of their broadcast of Super Bowl 2023, and expressed a willingness to drop dead on the program. “I told Fox, if I could just die on the show, think about the ratings, right? Are we not about ratings? That’d be huge,” he said. “Not only that, it’d be a huge carryover. All the networks would be saying that Bradshaw died on the Fox NFL show. Can you imagine the huge stuff?…

Surrey Police are encouraging people with any information or dashcam footage to get in touch as investigations into the incident outside Thomas Knyvett College in Ashford, SurreyOfficers investigating shocking footage of a schoolgirl appearing to be viciously assaulted in a race attack have revealed two victims were hurt in the incident. The horrific clip was taken on Monday afternoon outside Thomas Knyvett College, in Ashford, Surrey, and showed two 15-year-old girls were attacked by a group of people. One of the victims was taken to hospital and received medical treatment amid claims clumps of hair were ripped out in the…

A Belarusian court on Wednesday sentenced a journalist and prominent member of the country’s sizable Polish minority to eight years in prison, amid an ongoing crackdown on critics of authoritarian President Alexander Lukashenko’s regime.Andrzej Poczobut, 49, was found guilty of harming Belarus’ national security and “inciting discord” in a closed trial held in the western city of Grodno. Poczobut, a journalist for the influential Polish newspaper Gazeta Wyborcza and a top figure in the Union of Poles in Belarus, has been behind bars since his detention in March 2021.He reported extensively on the mass protests that gripped Belarus for weeks…

CNN  —  A Libyan man accused of being involved in making the bomb that destroyed Pan Am Flight 103 over the town of Lockerbie, Scotland, in December 1988 pleaded not guilty on Wednesday to three federal charges brought against him in Washington, DC. Abu Agila Mohammad Mas’ud Kheir Al-Marimi faces two charges of destruction of an aircraft resulting in death and one charge of destruction of a vehicle used in foreign commerce by an explosive, resulting in death. If convicted, he faces life in prison. A detention hearing for Mas’ud is scheduled for February 23. The attack killed 270 people…

Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.Learning the ins and outs of how cryptocurrency works may be intimidating for beginners, which is where online courses can help. With that in mind, we have ranked the best cryptocurrency courses for 2023.Crypto and blockchain courses give investors high-quality training on everything from advanced trading strategies to understanding technical analysis – read on to find out more.The Best Crypto Trading Courses for 2023We’ve researched and ranked the best cryptocurrency trading courses for 2023 in the list below:BitDegree – Overall…

Unrest in Peru is threatening copper supply from the world’s second-largest producer. That has contributed to a rally of more than 20 per cent in the metal’s price since late-September lows. Events in Peru highlight the risks to global copper supply, strengthening the long-term bull case for the metal. Although reports indicate mines in Peru are currently running, risks of shutdowns have not passed. The National Society of Mining, Petroleum and Energy thinks perhaps 30% of the country’s copper supply — approximately 2.4mn tonnes a year, or about 11 per cent of the world’s mined total — is at risk.…

A man is travelling through all 272 London tube stations to raise awareness about his rare neurological condition and spotlight mobility issues on the network.Like any proud Londoner, Ben Spencer (49) has always loved to ride the underground. “But it was a utilitarian thing before I started the challenge,” he says. “Now it’s a thing that I see in beauty; I’m taking photos, I’m looking at the details and getting involved with the history.”The challenge that he began on 20 September is coming to an end this Saturday 11 February, with Tottenham Court Road the finishing line.Others have done it…