The bankruptcy filing of crypto exchange FTX on Friday did not stop the chaos surrounding the once prominent and trusted crypto trading venue. Since the filing that included 135 affiliated companies, millions of dollars in crypto have been stolen from the company, which is facing a shortfall between $6 billion and $10 billion. Bahamian officials … Read more
Breadcrumb Trail Links PMN Business The yen’s recent slump has taken the sheen off Japan as a destination for foreign workers, a worrying sign for an aging economy in desperate need of more people to keep its factories, farms and care homes running. Author of the article: Bloomberg News Isabel Reynolds and Jamille Tran Publishing … Read more
This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Tuesday, September 6, 2022 Today’s newsletter is by Brian Sozzi, an editor-at-large and anchor at Yahoo Finance. Follow Sozzi on Twitter @BrianSozzi and on LinkedIn. I spent Labor Day … Read more
Six months into President Vladimir Putin’s invasion of Ukraine, the war has upended fundamental assumptions about Russia’s military and economy.When the US warned of impending war earlier this year, officials and analysts in Washington and Europe alike assumed Russia’s much larger and better equipped military would quickly dominate Ukraine’s forces. They also believed Putin would … Read more
Foreign secretary Liz Truss was prepared for former chancellor Rishi Sunak to take her on this week in the television debates about the race to be Britain’s next prime minister, but not with such ferocity. “For the TV debates we prepared for three scenarios: that he went on the attack, that he was Mr Patronising, … Read more
Italian prime minister Mario Draghi has signalled he is planning to hand his resignation to the president, bringing an abrupt end to a government seen to have had a once-in-a-generation opportunity to unlock the nation’s economic potential and set it on a higher growth trajectory. In a brief appearance at the lower house of parliament … Read more
Italian Premier Mario Draghi (center) flanked by Foreign Minister Luigi Di Maio (left) and Defense Minister Lorenzo Guerini, delivers his speech at the Senate in Rome on Wednesday. Andrew Medichini / AP hide caption toggle caption Andrew Medichini / AP Italian Premier Mario Draghi (center) flanked by Foreign Minister Luigi Di Maio (left) and Defense … Read more
Italian Premier Mario Draghi has won a confidence vote in the Senate, but boycotts by three of his key coalition allies in the voting have virtually doomed his unity government’s prospects of survival Italian Premier Mario Draghi has won a confidence vote in the Senate, but boycotts by three of his key coalition allies in … Read more