FTX’s bankruptcy team in the United States has agreed to work with liquidators winding down the crypto exchange’s operations in the Bahamas, resolving a dispute that threatened the recovery of potentially billions of dollars in lost funds. The two sides… Read More ›
With the global fast food chain McDonald’s refocusing its priorities to accelerate restaurant expansion, the brand is contemplating cutting down jobs to reorganize the company, according to CEO Chris Kempczinski. The fast-food corporation stated that the job cuts are not… Read More ›
Inflation in the eurozone fell for the second month in a row in December, but analysts do not expect the European Central Bank to change its tone. According to preliminary Eurostat data released Friday, headline inflation, which includes food and… Read More ›
The UK government announced a collaboration with the German firm BioNTech on Friday to test potential vaccines for cancer and other diseases, as campaigners warned that any breakthrough must be affordable and accessible. Patients with cancer in England will have… Read More ›
Banks should be more cautious about the risks of fraud, legal uncertainty, and misleading disclosures by cryptocurrency firms, according to US regulators on Tuesday, just two months after the collapse of crypto exchange FTX stunned the financial world. The Federal… Read More ›
Economists predict that the UK’s economic contraction in 2023 will be nearly as severe as Russia’s, as a sharp drop in household living standards weighs on activity. Goldman Sachs forecasts a 1.2% contraction in UK real GDP this year in… Read More ›
According to a “evolution roadmap” seen by Reuters on Monday, the World Bank is seeking to vastly expand its lending capacity to address climate change and other global crises, and will negotiate with shareholders ahead of April meetings on proposals… Read More ›
According to an internal posting of reporting lines examined by Reuters, Tom Zhu, the CEO of Tesla Inc. in China, has been promoted to assume direct management of the electric carmaker’s U.S. assembly plants as well as its sales operations… Read More ›
The Dogecoin Foundation has announced a new fund for Dogecoin Core developers in order to further promote the Dogecoin ecosystem in the coming year. The foundation announced on December 31 that it is allocating 5 million Dogecoin, which is approximately… Read More ›
The American economy could be in for a shock. According to data from a Wall Street Journal poll, financial experts believe the country will experience an economic downturn this year. Over two-thirds of economists at the Federal Reserve’s 23 major… Read More ›
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