BIZ

BUSINESS

Collapsed FTX owes nearly $3.1 billion to top 50 creditors

Nov 20 (Reuters) – Cryptocurrency exchange FTX, which has filed for U.S. bankruptcy court protection, said it owes its 50 biggest creditors nearly $3.1 billion. The exchange owes about $1.45 billion to its top ten creditors, it said in a court filing on Saturday, without naming them. FTX and its affiliates filed for bankruptcy in […]

Read More
WORLD

Trump snubs Twitter after Musk announces reactivation of ex-president’s account

Nov 19 (Reuters) – Donald Trump on Saturday said he had no interest in returning to Twitter even as a slim majority voted in favor of reinstating the former U.S. President, who was banned from the social media service for inciting violence, in a poll organized by new owner Elon Musk. Slightly over 15 million […]

Read More
Latest-News

U.S. Justice Dept. names war crimes expert as special counsel for Trump probes

Trump calls special counsel appointment ‘abuse of power’ Special counsel Smith has focused on war crimes in Kosovo WASHINGTON, Nov 18 (Reuters) – U.S. Attorney General Merrick Garland on Friday named Jack Smith, a war crimes prosecutor, to serve as special counsel to oversee Justice Department investigations related to Donald Trump including the former president’s […]

Read More
BUSINESS

EXCLUSIVE How FTX bought its way to become the ‘most regulated’ crypto exchange

FTX bought a 10% stake in IEX with an option to acquire 100% FTX spent $2 billion on ‘acquisitions for regulatory purposes’ Documents show FTX saw its regulatory status as a way of luring new capital from major investors Nov 18 (Reuters) – Before it collapsed this month, FTX stood apart from many rivals in […]

Read More
BUSINESS

After Elon Musk’s ultimatum, Twitter employees start exiting

Nov 17 (Reuters) – Hundreds of Twitter employees are estimated to be leaving the beleaguered social media company following an ultimatum from new owner Elon Musk that staffers sign up for “long hours at high intensity,” or leave. In a poll on the workplace app Blind, which verifies employees through their work email addresses and […]

Read More
ENTERTAINMENT

Australia’s Nitro blocks Potentia’s access to books without better offer

Nov 18 (Reuters) – Australia’s Nitro Software Ltd (NTO.AX) said on Friday it would not allow its largest shareholder and suitor Potentia Capital access to its books without making a superior bid that could trump an offer made by KKR Inc’s (KKR.N) Alludo. The software provider earlier this week determined the near A$500 million ($335 […]

Read More
BUSINESS

Bankman-Fried says filing for FTX bankruptcy was a mistake – Vox

Nov 17 (Reuters) – The founder of collapsed crypto exchange FTX, Sam Bankman-Fried, said he regretted his decision to file for bankruptcy and, in an interview published by Vox, criticized regulators. Bankman-Fried said later on Twitter that the basis of the interview, an exchange of messages on the same platform, was not supposed to be […]

Read More
BUSINESS

Gamers lament end of Warcraft in China as Blizzard and NetEase part ways

Nov 17 (Reuters) – Blizzard Entertainment (ATVI.O) and NetEase (9999.HK) caused dismay among thousands of gamers on Thursday by saying hits such as ‘World of Warcraft’ will not be available in China from next year as a 14-year partnership ended. NetEase shares closed 9% lower in Hong Kong after Blizzard said it was unable to […]

Read More