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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

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

24 hours of jumbo interest-rate hikes to cap year of soaring inflation

More than 50 central banks have gone for 75-bp increases, with over 275 rate hikes this year

Charting the global economy: Central banks to start pausing rate hikes

Global central banks are pausing or nearing the end of their interest-rate hiking cycles as inflation shows signs of slowing and recession concerns mount

$115 billion thematic ETF boom unhindered despite mounting losses

Year-to-date, 53% of thematic funds are underwater since their inception. Launches in 2022 have slowed to 38 from the 77 seen in the previous year, while closures have picked up to 20 from five

IMF, World Bank raise concerns over worsening global economic outlook

The IMF currently forecasts global growth will be 2.7% next year, slowing from 3.2% this year

27,000 Vivo phones held by DRI over suspected violations released

The shipment, worth nearly $15 million, is unlikely to be exported as the packaging of many of the phones was damaged and the devices were switched on to check unique ID numbers, the people said

PM Modi to skip annual summit with Russia's Putin over Ukraine nuke threats

It would mark only the second time the leaders of India and Russia haven't met face to face since 2000, when the relationship was elevated to a strategic partnership

Putin says Russia may cut its oil output in response to G-7 price cap

A decision on Moscow's response to EU price cap will be announced in a presidential decree within the next several days, says Putin