Source: Sharecast
Gautam Adani, one of the world’s richest men, has been indicted in New York over an alleged multi-billion-dollar scheme to pay $250m in bribes and conceal the scheme from US investors. Prosecutors charged the chair of Indian conglomerate Adani Group and two other executives of a renewable energy company with securities fraud and conspiring to commit securities and wire fraud. – Guardian
The City is sticking with its diversity push even as Wall Street investors pressure companies to cut spending on programmes branded “woke” by campaigners. According to the Investment Association, over half its members were forced to cut costs last year, but none chose to scrap diversity initiatives - in direct contrast with their US counterparts who are increasingly abandoning diversity, equity and inclusion (DEI) programmes. – Telegraph
A pioneering British nuclear fusion company has raised almost £100m and suggested it could have a pilot plant running within a decade, bringing hopes of a near-limitless source of clean electricity closer. Tokamak Energy has raised $125m (£99m) from investors including Lingotto, a fund that manages the wealth of Italy’s billionaire Agnelli family and is chaired by George Osborne. – Telegraph
RedBird IMI is considering providing financial support for a sale of The Telegraph newspapers to a New York entrepreneur as he struggles to secure backing for a bid. Dovid Efune has for weeks been in exclusive talks with RedBird IMI to buy The Daily Telegraph and The Sunday Telegraph but he has been unable to secure backing for a deal from Hudson Bay Capital and Oaktree Capital. – The Times
