Adani vs. Hindenburg Explained

Gautam Adani, the chairman of the Adani Group, has been in the headlines recently. Mainly for its proposed Carmichael coal mine in Queensland, Australia, with a 60 million tons per annum yield and a 189-kilometer railway line. This project has faced much opposition from environmental groups and the local communities due to concerns regarding its impact on the Great Barrier Reef, its contribution to global warming, and other issues it could bring to the surrounding communities.

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Goldman Sachs Pleads Guilty to 1MDB Scandal and Pays $2.9B Fine

Last Thursday, Goldman Sachs Group, Inc. agreed to pay a $2.9B fine to regulators for raising funds for 1Malaysia Development Berhad (1MDB), a Malaysian sovereign wealth fund tied to multiple cases of fraud and corruption. Dubbed as “one of the biggest financial scams in history,” the United States Department of Justice (DOJ) has led one of the world’s largest investment firms to plead guilty after further investigations ensued.

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