sell CDs of his music out of a car in the Brooklyn projects. Today, the co-founders of Roc-A-Fella Records are embroiled in a legal fight involving one of the most cutting-edge investments: non-fungible tokens.

The lawsuit is among a flurry involving NFTs as U.S. courts begin to grapple with the novel legal issues surrounding ownership and regulation of the assets, which have recently exploded in value. More than half a dozen suits citing NFTs have been filed in federal courts alone since the start of 2020, as monthly trading volume in the world’s biggest NFT marketplace, OpenSea, soared from $8 million six months ago to more than $1 billion in August.

Music-annotating startup Genius Media Group Inc., a site that drew attention in part for outsized funding from venture capitalists, has sold its assets to a Santa Monica, California-based media holding company for $80 million.

The buyer is MediaLab.Ai Inc., which will cut some jobs as part of the process. “We are restructuring the way in which original content is produced at Genius and as part of that some very talented individuals on the content and production teams were let go,” MediaLab said in a statement. The company will not make cuts to the teams handling sales, product or engineering, said a person familiar with the matter who asked not to be identified discussing private information. “The scale of the community platform is what attracted us to Genius and this is where we will be heavily investing going forward, with a renewed focus on emerging artists,” the company said. 

United Nations nuclear watchdog as envoys opted to try coaxing Tehran back to the negotiating table rather than mount pressure over an investigation into decades-old traces of atomic material. 

By avoiding an official rebuke, the

The Philippines is checking initially 250 social media influencers if they are paying their taxes as the government seeks to plug revenue leaks amid rising debt. 

Letters for investigation were sent to social media endorsers who are top earners in their field, the finance department said in a statement on Thursday, citing a report from the Bureau of Internal Revenue.  

small boost on Tuesday when U.S. inflation data came in slightly lower than expected. Today we get a check on the growth side of the debate, with August retail sales data and weekly jobless claims numbers due. Sales are expected to have fallen again as car purchases plunge, while claims may tick higher due to an influx of

Daniel Moss is a Bloomberg Opinion columnist covering Asian economies. Previously he was executive editor of Bloomberg News for global economics, and has led teams in Asia, Europe and North America.

Tesla Inc.’s ballyhooed Battery Day event last year, CEO Elon Musk set himself an ambitious target: to produce a $25,000 electric vehicle by 2023. Hitting that sticker price -- about $15,000 cheaper than the company’s

Rolls-Royce Holdings Plc that are set to profit from a new deal with Britain and the U.S.

French firms reacted with dismay to the effective loss of a contract won half a decade ago, with state-controlled

image of technicolor aliens in a ramen restaurant. 

This is the story that captivated crypto social media on Wednesday, when the largest marketplace for non-fungible tokens OpenSea confirmed an employee was trading on confidential information after a few users on Twitter uncovered bread crumbs pointing to nefarious behavior.

It’s mid-August, and logistics manager RoxAnne Thomas’s phone won’t stop pinging. Her faucets, sinks, and toilets are waylaid near Shanghai, snagged in Vancouver, and buried under a pile of shipping containers in a rail yard outside Chicago. As U.S. transportation manager for

As Thailand gears up for the reopening of Bangkok and several key provinces in October, some doctors warn that hospitalizations could surge again because the vaccination rate remains low across the nation.

Only 18% of the population is fully inoculated at present, a level that offers only limited protection from the spread of Covid-19, especially with the impending increase of the movements of people and the arrival of tourists -- who will be granted quarantine waivers based on their vaccination status. 

When Christina Henderson, a new at-large member of the Council of the District of Columbia, first considered running for office, one of her worries was whether she could raise enough money to be competitive. “I was not independently wealthy. Most of my friends worked in the public sector,” says Henderson, who was previously a staffer on the Council.

But D.C.

China has fully vaccinated more than 1 billion people against Covid-19 -- over 70% of its total population -- powering ahead of the U.S. and Europe despite having no immediate plans to ease some of the strictest pandemic measures in the world. 

A total of 2.16 billion doses have been given in China as of Sept. 15, Mi Feng, a spokesperson at the National Health Commission, told reporters in Beijing on Thursday, fully inoculating more than 1.01 billion people. 

The Czech central bank may accelerate its interest-rate increases this month to tame unexpectedly fast inflation fueled by the lowest jobless rate in the European Union, Deputy Governor Marek Mora said.

Storskogen Group AB plans to raise at least 6 billion kronor ($700 million) in an initial public offering to provide funds for further deals, adding to Sweden’s busiest year for stock-market listings in two decades.

Existing holders also plan to offer stock in the IPO, the investment company said in a statement. A group of pension and investment funds have agreed to buy 7.25 billion kronor of shares at a price that values Storskogen at 56.4 billion kronor before the fresh capital is added from the IPO.

Tencent Holdings Ltd. is set to lose its place among the world’s 10 largest companies by market value, leaving no Chinese names in the list as Bejing’s regulatory crackdown continues to wreak havoc on the stock market.

Hong Kong-listed shares of the internet giant fell as much as 1.9% Thursday before paring some of that loss, with its market capitalization standing at about $552 billion as of 11:55 a.m. local time. That’s just below the value of U.S. chipmaker Nvidia Corp., according to data compiled by Bloomberg.

It’s mid-August, and logistics manager RoxAnne Thomas’s phone won’t stop pinging. Her faucets, sinks, and toilets are waylaid near Shanghai, snagged in Vancouver, and buried under a pile of shipping containers in a rail yard outside Chicago. As U.S. transportation manager for