The legal team behind former FTX chief executive officer Sam Bankman-Fried has petitioned a court to redact certain information on individuals acting as sureties for his $250-million bond, citing threats made against his family. In a letter dated Jan. 3 filed to Judge Lewis Kaplan for the United States District Court in the Southern District … Read more
Piqued by several countries, including India, clamping curbs on Chinese travellers amid the massive surge of COVID in the country, China on January 3, 2023 said the restrictions are discriminatory and warned of reciprocal countermeasures. The U.S., Australia, Canada, India, Israel, Malaysia, Morocco, Qatar, South Korea, Taiwan, Japan and several EU countries have asked travellers … Read more
China has blasted countries that have made pre-departure Covid RT-PCR tests mandatory for Chinese passengers. It has warned of similar countermeasures based on ‘reciprocity’, Reuters reported on Tuesday. On Tuesday, China’s foreign ministry said travel entry restrictions imposed by some countries were “simply unreasonable” and “lacked scientific basis”. Speaking to reporters in Beijing, foreign ministry … Read more
A third of the global economy will be in recession this year, the IMF chief has said, and warned that 2023 will be “tougher” than last year as the US, EU and China will see their economies slow down. Kristalina Georgieva, the chief of the International Monetary Fund (IMF) made these grim assertions on Sunday … Read more
Berlin will continue to support Kiev but will not risk becoming a party to the conflict with Russia, a lawmaker has said Berlin has no plans to send modern Western-made tanks to Ukraine, as the risks are too high, a German lawmaker said on Monday. Such a move could make NATO a direct party to … Read more
International Monetary Fund chief Kristalina Georgieva. File | Photo Credit: Reuters A third of the global economy will be in recession this year, the IMF chief has said, and warned that 2023 will be “tougher” than last year as the U.S., EU and China will see their economies slow down. What is the current global … Read more
Property catastrophe reinsurance premiums are about to soar as some companies have been forced to leave the market after another year of extreme weather, the industry has warned. The market, which pays out for hurricanes and storms, has been hit hard because of rising costs to provide cover, with some groups reducing their exposure. In … Read more
Adam Azim has warned Rylan Charlton that attempting to test his chin with an aggressive approach in Sunday’s super lightweight clash will be “dangerous” for him. The pair came face-to-face on Friday at Alexandra Palace, where Azim, one of British boxing’s brightest prospects, will put his unbeaten record on the line in the biggest test … Read more
Tax rises and spending cuts announced in the UK government’s Autumn Statement were unlikely to persuade the Bank of England to moderate future interest rate rises, the central bank’s deputy governor said on Thursday. Speaking to the first BoE watchers conference at King’s College London, Sir Dave Ramsden seemed to undermine the contention of chancellor … Read more
The European Central Bank has “limited” room to raise interest rates in smaller increments because government policies to cushion households and businesses from soaring energy prices will keep eurozone inflation higher for longer, according to a senior policymaker. Isabel Schnabel, an ECB executive board member, warned that market expectations of a shift to smaller rate … Read more