Hawaii, national and international business and economic news.
Authorities charged Adani and two other executives at Adani Green Energy, his nephew Sagar Adani and Vneet Jaain, with agreeing between 2020 and 2024 to pay more than $250 million in bribes to Indian government officials to obtain solar energy supply contracts expected to yield $2 billion in profits. Read more
Hwang was sentenced by U.S. District Judge Alvin Hellerstein in Manhattan, where a jury convicted Hwang in July on 10 criminal charges including wire fraud, securities fraud and market manipulation. Read more
U.S. District Judge Julien Neals in Newark, New Jersey, heard arguments from lawyers for Apple who said the government’s case should be dismissed on multiple grounds and asked the judge to limit the discovery process. Read more
Bitcoin has soared more than 40% since the Nov. 5 presidential election, as traders bet that Trump’s stated commitment to support cryptocurrencies would lead to a less restrictive regulatory environment, lifting the sector overall. Read more
The move comes as OpenAI is stepping up efforts to highlight the positive role in education of its ChatGPT chatbot whose launch in November 2022 kicked off a generative AI craze and made it one of the world’s fastest-growing applications. Read more
The yen dropped to 155.67 against the greenback, retracing the previous day’s gains. Read more
Many Hawaii residents have taken steps to reduce their carbon footprint. Some have installed rooftop photovoltaic solar panels on their homes to generate electricity from sunshine. Read more
The Waipahu-based company filed notice with the Hawaii Department of Labor and Industrial Relations, saying it is discontinuing “substantially all of its warehousing and distribution operations.” Read more
Rehab Hospital of the Pacific has announced the following new hires to its leadership team. Read more
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There have so far been 39 cases tracked in 18 states. To date, Hawaii is not one of them. Read more
The Waipahu-based company filed notice with the Hawaii Department of Labor and Industrial Relations, saying it is discontinuing “substantially all of its warehousing and distribution operations.” Read more
The Japanese yen strengthened 0.43% against the greenback to 154 per dollar and rose 0.48% to 163.07 against the euro after strengthening to a six-week high of 161.50. Read more
Walmart, the nation’s largest retailer, suggested today after reporting results that prices could increase if tariffs rise. Read more
The project aims to clear the highway at the “Four Corners” intersection with Highway 132, where it was inundated with lava during the 2018 Kilauea eruption. Read more
Atlas Insurance Agency has promoted Tracie Akai to risk control supervisor, client consulting services. Read more
The ashes of last summer’s devastating fire in Lahaina, which killed 102 people and destroyed the town, were still smoldering when talk turned to how fraught the rebuilding process would be. Read more
Nvidia reports third-quarter earnings on Wednesday when investors will assess demand for chips and the sustainability of the AI euphoria that drove much of the market’s rally this year. Read more
The Federal Aviation Administration on Monday issued “Temporary flight restrictions for VIP Movement” over Brownsville, Texas, in the type of practice that usually precedes a high-profile visit. Read more
Bank of Japan Governor Kazuo Ueda reiterated the economy was progressing toward sustained wages-driven inflation and warned against keeping borrowing costs too low, leaving open the chance of another interest rate increase as early as next month. Read more
Carr, 45, is currently the top Republican on the FCC, the independent agency that regulates telecommunications. Read more
The aerospace giant started telling affected U.S. workers on Wednesday that they will stay on Boeing’s payroll until Jan. 17, to comply with federal requirements to notify employees at least 60 days prior to ending their employment. Read more
