Article
Trading Giant Susquehanna Lost Over $70 Million To Mystery Insider Traders
Trading Giant Susquehanna Lost Over $70 Million To Mystery Insider Traders
Trading giant Susquehanna Investment Group said it was attempting to unmask the identities of individuals it claims made at least $100 million trading on inside information about a Chinese government crackdown on cross-border brokerages last month.
The Pennsylvania-based market-maker, which says it was the counterparty on most of the alleged insider trades, sued 100 John Doe defendants in Manhattan federal court on Monday. Susquehanna is seeking to recover more than $70 million it says it lost to what it believes...
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The Case For Air Conditioning Is Growing In Britain
The Case For Air Conditioning Is Growing In Britain
A recent spell of extreme heat has intensified debate over whether UK homes should be designed with built-in cooling systems, according to FT.
Air conditioning remains uncommon in Britain, with fewer than 5% of homes equipped with it, reflecting a long-standing view that cooling is a luxury rather than a necessity.
FT writes that current building standards favor passive methods of controlling indoor temperatures, such as insulation, shading, and natural ventilation. Developers generally prioritize these measures, arguing they are more energy-efficient and better...
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