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Binance pleads guilty to US sanctions violation, will pay $4.3 bn fine

Zhao pleaded guilty Tuesday to violating the Bank Secrecy Act in federal court in Seattle. Richard Teng will succeed Zhao as CEO.

Nigeria aims Brics in two years, join G-20 in new foreign policy push

BRICS is a grouping of the emerging market powers Brazil, Russia, India, China and South Africa. In August they invited six other nations, including top oil exporter Saudi Arabia, to join their ranks

Semiconductor chip foray plan adds $3 billion to Murugappa Group's value

It would also provide investors an opportunity to bet on a sector that's added trillions of dollars in stock values globally this year, but has been largely absent from India's $3.7 trn equity market

Inflation expectations climb in US, Americans predict 4.5% rise in 2024

Americans expect prices will climb at an annual rate of 4.5% over the next year, up from the 4.4% expected earlier in the month, according to the final November reading from the University of Michigan

Billionaire Gautam Singhania's separation erases $180 mn at Raymonds

The stock has tumbled 12 per cent since Nov. 13 when Singhania announced separation from Nawaz Singhania, his wife of 32 years and a Raymond board member

Foreign inflows to Indian bonds set for highest in 6 years over index call

Inflows to fixed income, including corporate debt, have reached nearly $6 billion thus far in 2023, with this month alone accounting for about a quarter of the flows, according to data compiled

New Binance CEO Richard Teng's first job is to avert customer exodus

Teng, 53, succeeded Zhao as the chief executive of the world's largest crypto exchange after the company and Zhao pleaded guilty to US anti-money laundering and sanctions violations

What will happen in Gaza Strip after Israel stops its war on Hamas?

US President Joe Biden wants to bring the more moderate Palestinian Authority from the West Bank, led by Mahmoud Abbas, back into Gaza

Tesla driver's family can seek punitive damages over fatal crash: Judge

The judge found the deceased driver's widow presented sufficient evidence of misconduct and negligence that she should be allowed to ask a jury to punish the electric-car maker

Chinese authorities fine iPhone maker Foxconn 20,000 yuan amid tax probe

The move comes as China looks into the Apple Inc. supplier's tax affairs in the southern provinces of Guangdong and Jiangsu and land use in Hubei and Henan

Israel approves deal to free around 50 hostages and pause war with Hamas

In a second stage of the deal, Hamas would release more women and children in return for Israel prolonging the pause by several days, according to the government statement

Canada to run deeper deficits as Trudeau's govt tackles housing crisis

The total cost of the new tax and spending measures is C$20.8 billion ($15.2 billion) over six years, according to a fiscal update from Finance Minister Chrystia Freeland

OpenAI encourages staff to focus on work despite ongoing boardroom chaos

In a message to OpenAI employees on Tuesday, Peter Deng, a vice president of product, said that "we decided that the best way to channel our energy" is developing products

Microsoft discussing governance changes it wants from OpenAI's board

The changes Microsoft is mulling may include asking OpenAI to increase the size of board and boost the experience level required for members, according to people familiar with the company's thinking

Sam Altman, OpenAI board open talks to negotiate his possible return

The board has come under intense scrutiny for its decision to fire Altman

India closer to agreement with Tesla to import EVs, set up facility

Tesla would commit an initial minimum investment in any plant of around $2 billion and would look to increase purchases of auto parts from the nation to as much as $15 billion

German budget crisis deepens with freeze on new spending commitments

Existing liabilities will be honored but new commitments can be unblocked only in exceptional cases, according to a letter sent to government ministries

Americans are pulling cash from their retirement savings to pay bills

Overall, the average retirement account balance decreased slightly from the previous quarter

Citigroup MD accuses ex-bosses of 'horrifying' sexual assault, harassment

She says she finally decided to end their relationship in October 2022, after which he subjected her to an "onslaught of shocking abuse via hundreds of text messages and incessant phone calls

Good news soon: Israeli PM Netanyahu; truce deal close, says Hamas

"The movement delivered its response to the brothers in Qatar and the mediators, and we are close to reaching a truce agreement," Haniyeh said in a statement on Telegram