A filing from FTX’s new CEO reveals a culture of permissiveness and laxity, where expenses were approved with emojis and company funds paid for employee homes.Story Published at: November 17, 2022 at 07:46PM
Emoji for expenses, penthouses and slipshod accounting: The most damning details from new FTX CEO’s report
Nancy Pelosi to step down as House Democratic leader after two decades, with GOP set to take narrow majority
Pelosi’s announcement came shortly after Democrats were projected to narrowly lose their House majority to Republicans following the midterm elections.Story Published at: November 17, 2022 at 05:33PM
Never seen ‘such a complete failure’ of corporate controls, says new FTX CEO who also oversaw Enron bankruptcy
Newly appointed FTX CEO John Ray III excoriated Sam Bankman-Fried, declaring he had never seen such a failure of corporate controls or trustworthy information.Story Published at: November 17, 2022 at 03:48PM
FTX collapse an example of ‘greed and FOMO,’ says short-seller Carson Block
The founder of investment firm Muddy Waters also called crypto an “asset that barely has any value.” Story Published at: November 17, 2022 at 02:27PM
UK finance minister announces tax hikes and spending cuts, says country is in recession
The U.K. government on Thursday unveiled a sweeping fiscal plan aimed at plugging a gaping hole the public finances and restoring Britain’s economic credibility.Story Published at: November 17, 2022 at 12:56PM
Talks at COP27 enter final stretch — but draft deal slammed for paving the way to ‘climate hell’
The U.N. climate agency on Thursday published a 20-page first draft of a hoped-for final agreement. Story Published at: November 17, 2022 at 12:50PM
World of Warcraft to go offline in China as Activision Blizzard and NetEase end 14-year deal
The Blizzard-NetEase deal is due to expire in January 2023 after the two firms were unable to agree on renewal terms.Story Published at: November 17, 2022 at 12:22PM
More protesters in Iran have been sentenced to death as political unrest continues
The Tehran court has issued three more death sentences to people who were involved in anti-government protests following the death of Mahsa Amini.Story Published at: November 17, 2022 at 12:17PM
The global stock market rally could be about to meet recession reality
Global stock markets have rallied on hopes that central banks will soon begin to slow their aggressive interest rate hikes as inflation shows signs of peaking.Story Published at: November 17, 2022 at 10:24AM
Ukraine refuses to accept it was behind Poland missile strike, despite NATO forgiveness
Ukraine’s President Volodymyr Zelenskky says he had “no doubt” that Ukraine was not to blame for a missile strike that hit a Polish village on Tuesday evening.Story Published at: November 17, 2022 at 07:45AM