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The article describes the EverGiven crisis in the Suez canal in Egypt, which took place in 2021. For six days the canal was blocked by a container ship called the EverGiven, which disrupted global trade and resulted in the German ship management company Bernhard Schulte Shipmanagement (BSM) being asked to pay about $550 million to the Egyptian government for damages.

The article examines Libya, focusing on business opportunities and the economic climate there. Particular focus is given to Muammar Gaddafi, the former prime minister of the country and his influence on the country's economy. Additional topics discussed include the banking company Goldman Sachs and their presence in Libya, the oil industry in Libya and insights on businesspeople involved in Libya including Laurent Lalou, Youssef Kabbaj and Driss Ben-Brahim.

The article profiles Stuart Bray, a former banker who with his former wife Li Quan created a project to protect the near-extinct South China tiger species by bringing cubs from Chinese zoos to the Laohu Valley Reserve in South Africa to re-wild them, with the ultimate aim of creating a nature preserve and ecotourism venue in China where the tigers would return. Topics include Li and Bray's divorce and criticisms of the financial instruments they used to fund the project.

(Bloomberg) -- A group of British oil traders who made $700 million in a few hours failed to prevent regulators from obtaining their records, as the legal fallout from their actions when oil markets collapsed below zero in April 2020 spilled into a London court. "Essex Boys" Legal Woes Enter U.K. After Negative Oil Trades Evan Flowers, an attorney for the Vega traders, said they would no longer resist handing over the material to regulators following Judge Foster's decision. [Extracted from the article]

Around the time that their discussions in Greece broke down, Veale and Conner received a tip about another man who, like Theodorou, had been aboard the Brillante in the immediate aftermath of its hijacking. (Bloomberg Businessweek) -- Richard Veale and Michael Conner flew from London to Athens a few days before their meeting with X-Ray. But Veale and Conner still didn't have Theodorou's full cooperation, and he hadn't handed over the photographs corroborating his account. Theodorou didn't respond to requests for comment.) Veale and Conner had been in the investigative game long enough to know that it was critical to keep a poker face when interviewing an informant. [Extracted from the article]

An Egyptian court will make a decision on Sunday about a claim by Egypt's Suez Canal Authority against the owner of the massive container ship that blocked the vital waterway for almost a week in March. The 400-meter-long Ever Given is owned by Japan's Shoei Kisen Kaisha Ltd. and was chartered by Taiwan's Evergreen Line when it got stuck in the southern end of the waterway for six days, roiling shipping markets. The Egyptian court will also issue a ruling on Sunday about an appeal by the owners of the ship against a May 4 decision that upheld an order preventing the giant container ship from leaving the country. [Extracted from the article]

As it fell, Commins and his friends sold batches of regular WTI contracts, just like in the example above, as well as calendar spreads, another financial instrument that allows traders to bet on the future price of oil. In 2012, Dutch company Optiver Holding BV was fined $14 million and three of its employees were temporarily banned from trading commodities after the CFTC accused the company of manipulating settlement prices. Craig Pirrong, a finance professor at the University of Houston, published a paper last year suggesting that market participants can build a large position through TAS with very little impact on prices, then offset it in the regular market in a way that moves prices - an "asymmetry", he argued, that invites manipulation. [Extracted from the article]

Nigeria Says Official Got Bag of Cash from "Sham" Energy Firm Tijani used a $44,000 payment from a P&ID-linked company in 2014, four years after the deal was signed, to fund his son's wedding, according to Nigeria's filings. Both Tijani and a government lawyer who witnessed the contract "received suspicious payments from offshore companies connected to P&ID", Nigeria alleged. [Extracted from the article]

But Kaye was no Kremlin spy or criminal mastermind, according to court filings, police reports, and interviews with law enforcement, government officials, Kaye's associates, and Kaye himself. In 2015, Kaye and Marziano discussed using DDoS attacks to slow down Lonestar's internet service and irritate its customers into switching. Later that September, he asked Kaye to test the botnet on a competitor's website offering cheap international calls - the site, Marziano said, was "killing my international traffic" at Cellcom. When Kaye, on Marziano's instructions, set his botnet on Lonestar, Cellcom had already been sold to Orange, netting a $132 million windfall for its owners. [Extracted from the article]

(Bloomberg) -- A Greek shipowner orchestrated a plan for men posing as pirates to attack and set fire to his tanker, in an elaborate fraud to seek $77 million in insurance money, a London judge found. On Monday, Teare said Iliopoulos, who had bought eight tankers between 2004 and 2008, initiated the scheme because the vessel started losing money after the freight market collapsed in 2008. [Extracted from the article]

(Bloomberg) -- Nigerian prosecutors are seeking information about funds sent to a government lawyer that were sent through Allied Irish Banks Plc, broadening an international legal dispute between the African country and a company claiming $9.6 billion for a failed contract. The payments, along with Taiga's email records, showed a "longstanding relationship" between the government official and P&ID founder Michael Quinn, who died in 2015, and his partner Brendan Cahill, Sanga said. The Nigerian anti-corruption agency's investigators have uncovered large cash withdrawals from several companies linked to Quinn and Cahill since 2009, in breach of Nigerian money laundering regulations, according to Sanga. [Extracted from the article]

Hedge Fund Fraudster "Relieved" After Being Deported to China Ke Xu was convicted of stealing quant trading strategies A hedge fund analyst sent to jail for stealing confidential trading strategies from a London firm was "relieved" to be deported back to China after spending four-and-a-half years behind bars, his lawyer said. [Extracted from the article]

Farage discovered the thrill of risking his money as a teenager at Dulwich College, an exclusive private boys school in South London, where he founded an investment society, buying and selling company shares through his father, a stock broker, according to Farage's 2010 memoir, Fighting Bull. Stuart Wheeler, a former banker who founded Britain's largest spread-betting firm, IG Group, also was an early major backer of Farage, having jumped over from the Conservative Party, which kicked him out in 2009 after he donated £100,000 to UKIP. In internal Star Sports emails seen by Bloomberg, Farage was described as one of Keith's "chosen few" advisers for events the firm was taking bets on. After the election, Keith drew a comparison between Farage and Mahatma Gandhi, and later called for Farage to become the U.K.'s prime minister. [Extracted from the article]

FCA weighing whether private polls can lead to market abuse The U.K.'s financial watchdog is examining whether secret relationships between polling companies and hedge funds, especially the sale of market-moving exit polls and voter-opinion data, could violate market-abuse prohibitions. Morgan has said hedge funds' use of private polling could threaten both financial-market integrity and the democratic process. [Extracted from the article]

The article focuses on the arrest of teenagers in Great Britain by police for using Lizard Stresser, a hacking service, which was used to hack companies such as computer firm Microsoft and Sony, a multinational conglomerate corporation. Topics discussed include Paul Hastings, a member of the National Crime Agency (NCA) who has arrested a hacker from Hull, the book "Intercept: The Secret History of Computers and Spies," by Gordon Corera, and cybercrime.

Morgan threatens regulations if poll industry fails to reform The connection between private polls for hedge funds and market-moving public polls released by the same firms is also troubling for both markets and voters, she added. [Extracted from the article]

Survation used a separate company to target Leave, UKIP voters As part of a broader probe, investigators for the U.K. Information Commissioner's Office are seeking details behind more than 186,000 pounds ($241,000) in payments made by Farage's U.K. Independence Party (UKIP) to an entity established by the head of the polling firm Survation. Now, interviews with several people familiar with Survation's operations show that in addition to measuring public opinion, the firm's executives also helped shape it--for the Brexit campaign, UKIP and Farage through the related company under scrutiny. Several people involved in the firm's operations described it as a shell company created to insulate Lyons Lowe and Survation's brand from potential scrutiny. [Extracted from the article]

(Bloomberg Businessweek) -- Brexit's Big Short: Hedge Funds Hired Pollsters and Cashed In (1) Thanks to its prolific use of news media polls to draw commercial business, YouGov developed one of the highest profiles of any U.K. polling firm. YouGov's hedge fund client "did not know what the Sky poll would say", Shakespeare added. [Extracted from the article]

Rajesh Parmar accuses bank of "capricious conduct" over bonus The bank says Parmar, who headed an HSBC Private Bank business unit for south Asia, helped Sanjay Sethi -- a former client -- evade taxes. [Extracted from the article]

"Bad Boy of Brexit" Donations Probed by U.K. Election Regulator Businessman Arron Banks gave $10 million to Leave campaign Arron Banks, a millionaire insurance entrepreneur who funded campaigns for Britain to leave the European Union, is being investigated by the U.K. Electoral Commission. [Extracted from the article]

Susquehanna will wager on football, basketball from Dublin Susquehanna's Pollard declined to comment further on his firm's strategy, how it would place its bets and the size of its sports-gambling money pool. [Extracted from the article]

J&J Unit Sued Over "Defective" Hip Implants in U.K. Trial DePuy sued by 341 users of Pinnacle hip replacement products DePuy's lawyers said the claimants' case was "not clear" and denied being liable for the injuries, according to their documents from the U.K. trial. [Extracted from the article]

For the EU, the U.K. still hasn't clarified sufficiently enough how it plans to protect EU citizens' rights in the U.K. and what future role the bloc's top court will play. With the U.K.'s departure from the EU is 18 months away, officials have yet to come to an agreement even on the priority separation issues, let alone what a post-Brexit future will look like. [Extracted from the article]

At a London hearing Tuesday, lawyers for the hedge fund questioned Nigel Bell, a director at Essar Global, about its assets. At the London hearing, Bell was asked about a Boeing 737-700, which Midtown's lawyers seized in July at Stansted Airport outside London, and a 280-foot yacht called Sunrays. Sunrays, a super-yacht, is owned by an Essar subsidiary and has some "unusual features", Midtown's lawyer Michael Bloch said Tuesday in court. [Extracted from the article]

The U.K. Financial Reporting Council closed its investigation into PricewaterhouseCoopers's audits of Barclays Plc between 2007 and 2011 because there was no realistic prospect of making an adverse finding against PwC. "We cooperated fully during the FRC 's thorough investigation and are pleased that the FRC has closed it without any further action", said Jamie Harley, a spokesman for PwC. [Extracted from the article]

U.A.E. court issues ruling blocking Dana from London case "Dana deliberately frustrated and colluded" to obtain a ruling in the U.A.E. city of Sharjah "to prevent these proceedings", Robert Anderson, a lawyer for BlackRock told a London judge Tuesday. [Extracted from the article]

Ad-hoc committee proposes cash pay-down of $300m at par Dana Gas PJSC bondholders, including BlackRock Inc. and Goldman Sachs Group Inc., submitted a proposal to the Middle Eastern energy producer to resolve a dispute over a $700 million sukuk that shocked the Islamic finance industry this year. The deal, which has support from over 70 percent of sukukholders, includes a cash pay-down of $300 million at par and a dual-listing of the company's shares on the London Stock Exchange, the ad hoc committee of bondholders said in a statement. [Extracted from the article]

FCA flags potential to distort competition, raise fees The U.K. Financial Conduct Authority set out the framework for a market study into the use of online platforms to sell investment products to consumers. The platform market has grown rapidly in recent years, handling as much as 500 billion pounds ($650 billion) of assets under administration last year, up from 108 billion pounds in 2008, the FCA said. [Extracted from the article]

London judge extends injunction blocking holders from action Dana Gas PJSC won an extension of a London court order blocking investors from taking action over $700 million in disputed Islamic bonds until after a trial scheduled for as soon as October. [Extracted from the article]