BusinessFinance

Jefferies CEO Alleges Fraud in Auto Parts Maker Collapse, Credit Markets Rattle

Jefferies Financial Group CEO Rich Handler has publicly stated the investment bank was defrauded by bankrupt auto parts manufacturer First Brands Group. The allegations emerge amid a U.S. Department of Justice probe and broader credit market concerns following several high-profile corporate collapses.

Wall Street Firm Alleges Deception in Auto Parts Bankruptcy

Jefferies Financial Group CEO Rich Handler has stated that his firm was defrauded by bankrupt auto parts maker First Brands Group, according to reports from the bank’s investor day. The comments, detailed in a regulatory filing, come amid a U.S. Department of Justice investigation into the automotive supplier and broader credit market concerns.

InfrastructureSustainability

Bridge DC Inks Decade-Long Water Supply Deal for Major Thailand Data Center Campus

Bridge Data Centres has finalized a ten-year industrial water purchase agreement with Eastwater Stecon Utilities Co to support its upcoming hyperscale data center campus in Chonburi Province, Thailand. The deal, commencing in 2026, aims to provide a stable, sustainable water supply for the 200MW facility. This partnership underscores the growing focus on utility ecosystem reliability in the APAC data center market.

Sustainable Water Supply Secured for Major Data Center Development

Bridge Data Centres (BDC), an APAC data center developer, has reportedly secured a long-term, sustainable water supply for its under-construction hyperscale campus in Chonburi Province, Thailand. According to reports, the company signed a ten-year industrial water purchase agreement with Thai utility Eastwater Stecon Utilities Co (EWS). The deal is set to commence in May 2026 and will provide the necessary water supply to support the facility’s operations.