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Ex-FTX CEO Sam Bankman-Fried arrested in Bahamas as US files charges

More than 100 FTX-related entities filed for US bankruptcy protections on Nov. 11. The firm and Bankman-Fried are facing investigations in the US and the Bahamas

Aditya Birla Capital considering selling insurance brokerage unit

The publicly-traded company has held talks with potential buyers about a sale of Aditya Birla Insurance Brokers Ltd. as it failed to scale up the 19-year-old business

Byju's lenders seek immediate part-repayment of $1.2 billion loan

The lenders have hired Houlihan Lokey Inc. to advise them on amending covenants after the edtech titan breached terms, including a September deadline for filing its results

Paytm's share buyback plan draws skepticism over growth prospects

While a buyback could help stem the rout in Paytm shares at least temporarily, investors are questioning the attempt to manage the stock price rather than putting the cash to use for business

India to attract $10 bn in green energy investment in 2023: Bank of America

India could attract close to $10 billion in renewable energy investment in 2023, a bright spot as public markets remain largely shut to big-ticket capital raising, according to Bank of America

UK manufacturers are sitting on a $29 bn pile of unfinished goods

The poll showed 72% of the 631 companies in Britain are facing the inventory logjam tied to a lack of components, materials or ingredients

Elon Musk's attacks on Anthony Fauci 'disgusting,' says White House

Musk in a tweet on Sunday mocked the use of gender pronouns and called for Fauci to be prosecuted. "My pronouns are Prosecute/Fauci," he wrote

Nearly 74 MT of microplastics rained in New Zealand during 2020: Study

The peer-reviewed study is the first to calculate the total mass of microplastics in a city's air, and it suggests researchers may be dramatically undercounting the global airborne microplastics count

China to set economic plans amid shift from Covid Zero policy to growth

China's abrupt ending of its Covid Zero policy injects more uncertainty into an already fragile economy, raising the prospect of looser fiscal and monetary policy

Twitter Blue premium service is back, including 'verified' badges

Twitter's updated account verification program has finally launched

Microsoft to buy 4% of LSE Group as part of $2.8-billion cloud deal

The partnership will speed up the migration of its markets to the cloud and allow it to develop new products and services

Holy grail: Limitless and zero-carbon fusion energy a step closer

But there's still a long way to create a viable tech for this

World debt-GDP ratio plummets, but over pre-Covid level, says IMF

Total debt fell to 247 per cent of global gross domestic product last year, IMF data showed. That's 10 percentage points less than in 2020, but is still the second-highest reading in history

Holiday rush sparks chaos at Delhi IGI airport as passengers miss flights

The chaos at Delhi airport also puts the focus back on a proposed second airport for Mumbai

China's consumer sentiment fall near 2020 lows before lifted Covid curbs

Chinese consumers last month were almost as negative about their current and future financial conditions as they were in early 2020 as the pandemic was breaking out

Sri Lanka weighs favoured creditor clause to speed up debt talks with IMF

Sri Lanka is pursuing pacts with commercial and bilateral lenders to meet conditions for the IMF to disburse a $2.9 billion loan

Fed's message on rate hold for 'some time' clashes with 2023 rate-cut bets

They're also likely to signal another 50 basis points of tightening next year, according to economists, and an expectation that once they reach that peak, they'll stay on hold through all of 2023

Masayoshi Son's SoftBank buyout would look more like Musk than Dell

Every quarter Masayoshi Son is forced to give metrics he doesn't believe capture the value of his firm. "We are an investment company, we're not engaged in operations," he said in August 2020

UK braces for 2 yrs of recession as manufacturing sector shrinks by over 4%

The UK's manufacturing sector shrank by more than 4% this year, a survey found, with predictions of another sharp decline in 2023

Fixed denominations vs token system: Why digital cash needs to feel real

If the payment market is cornered by a few powerful private-sector platforms, they may impose hidden charges and fees