World
Gibraltar became a hub for crypto — now it wants to tackle attempts to manipulate the market
The overseas British territory wants to become a global hub for crypto firms. Geography Photos | Universal Images Group | Getty Images Gibraltar has unveiled new regulations for the cryptocurrency industry, taking aim at potential market manipulation and insider trading in the fast-evolving space. The overseas British territory, located on the southern tip of Spain, […]
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Archegos owner Bill Hwang, former CFO Patrick Halligan charged with fraud
Archegos Capital Management owner Bill Hwang and its former chief financial officer, Patrick Halligan, were arrested Wednesday in connection with the implosion of the family office last year. The men are expected to appear in Manhattan federal court later Wednesday, and are being charged with racketeering conspiracy, securities fraud and wire fraud, according to a […]
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Euro sinks to five-year low on energy supply, slowdown fears
The euro traded almost 0.4% against the U.S. dollar to a level not seen since 2017. This after Gazprom decided to cut gas supplies to Poland and Bulgaria. Kinga Krzeminska | Moment | Getty Images The euro tumbled against the U.S. dollar Wednesday morning as investors grew increasingly concerned with energy supply and a potential […]
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These are the UK’s highest paying companies for entry-level jobs — and the salaries are all £50,000 and above
Economic uncertainty over the past couple of years has been hugely detrimental to young people at the start of their careers, which has made securing a well-paid first job an even bigger priority. Global jobs website Glassdoor found that financial transaction processing company Thought Machine offered the highest pay for an entry-level job, with an […]
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Russia accused of ‘blackmail’ after halting gas supplies to two European countries
Gazprom workers on the Yamal Peninsula in Russia. Bloomberg | Bloomberg | Getty Images Russia’s gas supplies to eastern Europe are looking highly uncertain after the country’s state-run gas giant Gazprom told Poland and Bulgaria that it would halt supplies. The move comes after both countries refused Moscow’s recent demand to pay for gas supplies […]
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China’s Xi announces another infrastructure push to boost growth as Covid drags on
China had 37,900 kilometers (23,550 miles) of operational high-speed rail as of the end of 2020, which the country claims accounts for more than two-thirds of the world’s total. Zhang Bin | China News Service | Getty Images BEIJING — As Covid controls drag down growth, China plans to boost its economy with more infrastructure […]
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Credit Suisse reports quarterly loss, reshuffles management team as litigation costs bite
One of the biggest challenges for Credit Suisse this quarter was litigation costs. Thi My Lien Nguyen | Bloomberg | Getty Images Credit Suisse on Wednesday reported a net loss for the first quarter of 2022 and announced a management reshuffle, as the Swiss lender struggles with litigation costs and the fallout from the Russia-Ukraine […]
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Deutsche Bank posts seventh straight quarter of profit, warns of increasing cost pressures
Bloomberg | Bloomberg | Getty Images Deutsche Bank reported Wednesday a net profit of 1.06 billion euros ($1.13 billion) for the first quarter of the year. Analysts had forecast a figure of 1.01 billion euros for the three-month period, according to data from Refinitiv. On Mar. 11, Deutsche Bank said it would wind down its Russia […]
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Myanmar court sentences Aung San Suu Kyi to 5 years in prison
Aung San Suu Kyi on November 4, 2019 at the 35th Association of Southeast Asian Nations (ASEAN) Summit. A court in military-ruled Myanmar convicted the country’s former leader Aung San Suu Kyi of corruption and sentenced her to five years in prison Wednesday. Lillian Suwanrumpha | Afp | Getty Images A court in military-ruled Myanmar […]
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Japan reports first case of mysterious children’s liver disease as health experts explore possible Covid links
Health experts are investigating the likely cause of a new children’s liver disease, which was first reported in the U.K. in January 2022, and whether it bears any connection to the coronavirus. Fs Productions | Tetra Images | Getty Images Japan has detected its first probable case of a mysterious liver disease that has so […]
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