Security alert Altcoins worth $100 billion dropped in hot water
A slew of altcoins – a catch-all for most cryptocurrencies except bitcoin and ether – have been harpooned in lawsuits filed by U.S. regulators against exchanges Binance…
Category: BUSINESS
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Inside OPEC+, Saudi ‘lollipop’ oil cut was a surprise too
LONDON, June 9 (Reuters) – Saudi Arabia kept under wraps its plan to make a deep cut to its own oil output during a weekend…
Chinese investors travel to Riyadh conference seeking new markets, capital
HONG KONG/RIYADH Chinese entrepreneurs and investors are travelling to Riyadh this week to attend a business conference, which will bring together business and government leaders…
President Tayyip Erdogan names Erkan to head Turkey central bank, policy pivot expected
ISTANBUL. President Tayyip Erdogan on Friday appointed Hafize Gaye Erkan, a finance executive in the United States, to head Turkey’s central bank, which is widely…
FTX founder Sam Bankman-Fried to be released on $250mn bond
The 30-year-old former head of the failed cryptocurrency exchange is accused by prosecutors of allegedly carrying out “one of the biggest financial frauds in US…
FTX boss Sam Bankman-Fried arrives in US to face charges
Sam Bankman-Fried, former boss of failed cryptocurrency exchange FTX, has arrived by plane in New York from the Bahamas to face fraud charges. The 30-year-old…
China’s Tencent raises stake in ‘Assassin’s Creed’ maker Ubisoft
A man rides an electric bike past the Tencent headquarters in Nanshan district of Shenzhen, Guangdong province, China September 2, 2022. REUTERS/David Kirton Tencent Holdings…
Gulf states demand Netflix pull content deemed offensive
Signage at the Netflix booth is seen on the convention floor at Comic-Con International in San Diego, California, U.S., July 21, 2022. REUTERS/Bing Guan/File Photo…
Saudi GDP up 12.2% in second quarter, exceeding initial estimate
A view shows vehicles driving on a street in Riyadh, Saudi Arabia February 16, 2021. Saudi Arabia’s real gross domestic product expanded by 12.2% in…
Egypt in talks to replace detained Ukraine wheat cargo, sources say
Egypt has been negotiating to replace a detained Ukrainian wheat shipment, two people with knowledge of the matter said, after talks to release the vessel…