Mercuria Says It Lost Millions When a Natural Gas Trader Inflated His Position

Bloomberg TechnologyMonday, September 22, 2025 at 3:18:35 PM
NegativeTechnology
Mercuria Says It Lost Millions When a Natural Gas Trader Inflated His Position
Mercuria Energy Group Ltd. has reported significant financial losses due to a former trader's misreporting of transactions in 2024. This incident, which involved the inflation of positions, has cost the company tens of millions of dollars. Such losses highlight the risks associated with trading practices and the importance of transparency and accuracy in financial reporting.
— Curated by the World Pulse Now AI Editorial System

Was this article worth reading? Share it

Recommended Readings
$3,800 Flights and Aborted Takeoffs: How Trump’s H-1B Announcement Panicked Tech Workers
NegativeTechnology
President Trump's abrupt announcement regarding H-1B visas has left many immigrant tech workers and companies in a state of panic. With the potential for exorbitant fees and the threat of being unable to return to the U.S., the tech industry is feeling the pressure. This situation is significant as it not only affects the livelihoods of skilled workers but also the broader tech ecosystem that relies on their expertise.
$3,800 Flights and Aborted Takeoffs: How Trump’s H-1B Announcement Panicked Tech Workers
NegativeTechnology
President Trump's abrupt announcement regarding H-1B visas has left many immigrant tech workers and companies in a state of panic. With the potential for exorbitant fees and the threat of being unable to return to the U.S., the tech industry is feeling the pressure. This situation is significant as it not only affects the livelihoods of skilled workers but also the broader tech ecosystem that relies on their expertise.
Trump’s Visa Shock Strains India-US Ties, Clouds Trade Talks
NegativeTechnology
President Trump's recent decision to limit skilled visas for foreigners has created new challenges for US-India relations, which had seemed to be improving just a week ago. This move complicates ongoing trade negotiations and raises concerns about the future of collaboration between the two nations. As both countries navigate these tensions, the impact on businesses and skilled workers could be significant, making it a crucial issue to watch.
Trump’s Visa Shock Strains India-US Ties, Clouds Trade Talks
NegativeTechnology
President Trump's recent decision to limit skilled visas for foreigners has created new challenges for US-India relations, which had seemed to be improving just a week ago. This move complicates ongoing trade negotiations and raises concerns about the future of collaboration between the two nations. As both countries navigate these tensions, the impact on businesses and skilled workers could be significant, making it a crucial issue to watch.
OMV Chief Says Renewables Won’t Push Out Gas in EU Any Time Soon
NeutralTechnology
OMV AG's chief has stated that Europe will continue to depend on imported natural gas for many years, as the shift to renewable energy sources like solar and wind is taking longer than expected. This insight is significant because it highlights the ongoing challenges in the energy transition, suggesting that while renewables are essential for a sustainable future, the current reliance on gas will persist, impacting energy policies and economic strategies across the continent.
OMV Chief Says Renewables Won’t Push Out Gas in EU Any Time Soon
NeutralTechnology
OMV AG's chief has stated that Europe will continue to depend on imported natural gas for many years, as the shift to renewable energy sources like solar and wind is taking longer than expected. This insight is significant because it highlights the ongoing challenges in the energy transition, suggesting that while renewables are essential for a sustainable future, the current reliance on gas will persist, impacting energy policies and economic strategies across the continent.
Yet another Xbox price hike in the US makes Microsoft's consoles even harder to recommend
NegativeTechnology
Microsoft's decision to raise Xbox console prices in the US once again is raising eyebrows and making it harder for consumers to justify purchasing these gaming systems. As prices climb, gamers may reconsider their options, potentially impacting sales and the overall gaming market. This move could alienate loyal fans and create a gap for competitors to fill, making it a significant moment in the gaming industry.
Yet another Xbox price hike in the US makes Microsoft's consoles even harder to recommend
NegativeTechnology
Microsoft's decision to raise Xbox console prices in the US once again is raising eyebrows and making it harder for consumers to justify purchasing these gaming systems. As prices climb, gamers may reconsider their options, potentially impacting sales and the overall gaming market. This move could alienate loyal fans and create a gap for competitors to fill, making it a significant moment in the gaming industry.
South Korea's President says US investment demands would spark financial crisis
NegativeTechnology
South Korea's President has raised concerns that the demands for increased US investments could lead to a financial crisis. This statement highlights the delicate balance in international economic relations and the potential repercussions of such demands on both countries' economies. It matters because it underscores the interconnectedness of global markets and the risks involved in financial negotiations.
South Korea's President says US investment demands would spark financial crisis
NegativeTechnology
South Korea's President has raised concerns that the demands for increased US investments could lead to a financial crisis. This statement highlights the delicate balance in international economic relations and the potential repercussions of such demands on both countries' economies. It matters because it underscores the interconnectedness of global markets and the risks involved in financial negotiations.
Trump’s $100,000 Visa Threatens Business Model of India IT Firms
NegativeTechnology
Donald Trump's recent proposal to impose a $100,000 fee on H-1B visas could significantly impact Indian IT firms that rely on these visas for their projects in the U.S. This move not only threatens the business model of these companies but also puts Prime Minister Narendra Modi in a challenging position as he navigates the repercussions of America's 'America First' policies. The situation is crucial as it could reshape the landscape of tech collaboration between India and the U.S.
Trump’s $100,000 Visa Threatens Business Model of India IT Firms
NegativeTechnology
Donald Trump's recent proposal to impose a $100,000 fee on H-1B visas could significantly impact Indian IT firms that rely on these visas for their projects in the U.S. This move not only threatens the business model of these companies but also puts Prime Minister Narendra Modi in a challenging position as he navigates the repercussions of America's 'America First' policies. The situation is crucial as it could reshape the landscape of tech collaboration between India and the U.S.
Latest from Technology
Your Meta Quest headset just got a useful upgrade for free - including a big one for 3D
PositiveTechnology
Meta has rolled out a free upgrade for its Quest headset, enhancing the experience of watching movies and TV. This update not only improves visual quality but also introduces a feature that allows users to create a digital copy of their room, making the virtual experience more immersive. This matters because it shows Meta's commitment to enhancing user experience and keeping their technology relevant in a competitive market.
How to turn on Android's Private DNS mode - and why it makes such a big difference
PositiveTechnology
Android's Private DNS mode is a game-changer for users concerned about their online privacy. By encrypting DNS requests, it helps shield your browsing activity from prying eyes, making your internet experience safer. This feature is easy to enable and significantly enhances your security while surfing the web, which is increasingly important in today's digital landscape.
TikTok is tagging videos from Gaza with product recommendations
NeutralTechnology
TikTok has started tagging videos from Gaza with product recommendations, a move that has sparked discussions about the platform's approach to content during sensitive times. This initiative highlights how social media can blend entertainment with commerce, even in regions facing conflict. It raises questions about the appropriateness of marketing strategies in such contexts and how users perceive these actions.
Hackers can now inject AI deepfakes directly into iOS video calls using this tool - here's how to stay safe
NegativeTechnology
A new tool has emerged that allows hackers to inject AI deepfakes directly into iOS video calls, raising significant concerns about security and identity verification. This development poses a serious threat as it bypasses traditional camera systems, making it harder to detect fraudulent activity. It's crucial for users to be aware of these risks and take necessary precautions to protect their identities during video calls.
Tech Executive Dies After Falling 2,000 Feet on Mount Shasta
NegativeTechnology
A tragic incident occurred on Mount Shasta when a tech executive fell 2,000 feet, resulting in their death. This heartbreaking event highlights the inherent dangers of outdoor activities, especially in challenging terrains. It serves as a reminder for adventurers to prioritize safety and be aware of their surroundings while enjoying nature.
Nvidia to Invest $100 Billion in OpenAI
PositiveTechnology
Nvidia has announced a groundbreaking investment of $100 billion in OpenAI, signaling a strong commitment to advancing artificial intelligence technology. This partnership is expected to accelerate innovation in AI, benefiting various sectors and enhancing the capabilities of AI systems. The investment not only highlights Nvidia's confidence in OpenAI's potential but also underscores the growing importance of AI in today's tech landscape.