County Newport Financial News

James Howells has faced a Sisyphean battle, chasing a fortune buried in a Welsh landfill. The Newport-based computer engineer’s misplaced hard drive containing 8,000 bitcoins — now worth around $780 million, lost in 2013, has become the symbol of his tireless quest to reclaim his wealth. The saga began in 2013 when Howells’ former partner mistakenly discarded the hard drive containing the cryptocurrency, which he had mined years earlier. The drive was buried under what is now more than 1.4 million tonnes of waste at the Docks Way landfill in Newport, Wales. Howells' efforts to retrieve the drive from the landfill have been met with resistance.

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Thousands of people in the vicinity of a dam in Tennessee were evacuated Friday amid fears of a “catastrophic failure” from the adverse impacts of Hurricane Helene, but officials later clarified the structure hadn’t failed.

Starbucks has announced that Brian Niccol will be the new chairman and CEO, effective September 9, 2024. Niccol, who will succeed Laxman Narasimhan, will start his new role amid a significant leadership transition at the global coffee company. Narasimhan's departure, after just over a year as CEO, has set the stage for Niccol's high-profile appointment.

Adani Ports and Special Economic Zone: Adani International Ports Holdings Pte Ltd (AIPH), a subsidiary of Adani Ports and Special Economic Zone Ltd (APSEZ), has signed a 30-year concession agreement with the Tanzania Ports Authority to operate and manage Container Terminal 2 at the Dar es Salaam Port in Tanzania.Cochin Shipyard: Udupi Cochin Shipyard, a subsidiary of Cochin Shipyard, has won an order from Ocean Sparkle Limited, an Indian tug operator under Adani Harbour Services, for the construction of three Azimuth Stern Drive (ASD) Tugs of 70 T bollard pull power.Deepak Nitrite: The company announced that its subsidiary, Deepak Chem Tech Ltd, will acquire a 100% stake in Narmada Thermal Power Private Ltd for a cash consideration of ₹61.65 crore. The acquisition is expected to be completed by June 30.Tata Steel: The company faces industrial action from around 1,500 employees based at Port Talbot and Newport Llanwern in Wales.

A former top executive at Las Vegas Strip casinos will face a judge in Los Angeles and possible federal prison time after pleading guilty to violating federal anti-money laundering rules

Tata Steel workers based at two plants in Wales voted in favour of industrial action on Thursday over the company's plan to close its blast furnaces and shed 2,800 jobs. The Mumbai-headquartered steel major said it was «disappointed» over the move while consultation continues and pointed to «significant irregularities» in the ballot process in favour of strikes. While the company says its restructuring plans were important to sustain the business as it transforms to new electric technology, Unite the Union said its workers from the Port Talbot and Newport Llanwern plants had voted against the «disastrous» plans because they did not agree with the approach. «We are naturally disappointed that while consultation continues, Unite Union members at Port Talbot and Llanwern have indicated that they would be prepared to take industrial action up to and including strike action if an agreement cannot be reached on a way forward for the business and its employees,» a Tata Steel spokesperson said.

RBC Wealth Management is adding another half a billion in assets to its enterprise as its Western US division drafts two multigenerational advisor teams that collectively managing $500 million in client assets.

A state audit has found that Vermont did not provide adequate oversight to prevent the massive fraud that occurred in ski area and other development projects funded by foreign investors’ money through a special visa program

A particularly anticipated clash involves Newcastle United making their way to the Stadium of Light to face arch-rivals Sunderland. This meeting holds significance as it marks the first encounter between the two teams since the Black Cats suffered relegation from the Premier League in 2016.

North Korean leader Kim Jong Un has reportedly received images of the White House, Pentagon, and US aircraft carriers captured by the country's newly launched spy satellite, as announced by state media KCNA on Tuesday. As reported by Reuters, the satellite, launched last week, is described by North Korea as a reconnaissance satellite designed for monitoring the military activities of both the United States and South Korea.

The assumption that an athlete’s birth sex dictates his or her performance level has made transgender participation in sports a lightning rod—but the issue is moot in coed sports, from competitive sailing to pickle-ball to e-sports. And in the future, athletics are likely to evolve so that mixed-gender competition becomes common. That will lead to a rise in sports that are just as rivetting but more inclusive.

With an 11 p.m. arrival and predawn departure, I didn’t need much from my $146-a-night Hyatt Place by the airport. Well, except for a glass of wine to take to my room.

James Howells, a computer engineer who claims he mistakenly threw away a hard drive that contained some 7,500-8,000 bitcoin (BTC) during house cleaning in 2013, has pledged to use 10% of this lost stash if/when recovered and turn Newport, UK, into a cryptocurrency hub.