FTX lawyer calls this case ‘a different sort of animal’ in first bankruptcy hearing
In the first day of the bankruptcy hearing for collapsed crypto exchange FTX, lawyers for the company were able to get the proceedings moved to Delaware.
Financial News
Collapsed crypto exchange FTX owes top 50 creditors over $3 billion, new filing says
A list of FTX’s top 50 unsecured creditors shows the largest lender of the bunch is owed more than $226 million.
New global climate deal struck at conference in Egypt
Delegates at the world’s biggest climate-related conference struggled to build consensus on an array of issues.
Read Elon Musk’s Friday emails to Twitter engineers asking them to come to the office
In the widely distributed emails, sent at the start of business Friday, Musk called for “anyone who actually writes software” to report to Twitter HQ.
Brits face sharpest fall in living standards on record as government tightens its belt
As the U.K. government announces a £55 billion ($65.5 billion) program of tax hikes and spending cuts, the country faces its sharpest fall in living standards since records began.
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.
NATO chief says Poland blast likely caused by Ukrainian missile — but not Ukraine’s fault
NATO said there was no indication that the missile strike that hit a Polish border village on Tuesday night was deliberate, saying that Russia was ultimately to blame as it …
Ad market worse than during lows of the pandemic, says Warner Bros Discovery CEO David Zaslav
The current advertising market is worse than at any point during the coronavirus pandemic, Warner Bros. Discovery CEO David Zaslav said Tuesday.
Biden sees no need for ‘a new Cold War’ with China after three hour meeting with Xi Jinping
President Joe Biden said there “need not be a new Cold War” between the U.S. and China following a three hour meeting with Chinese President Xi Jinping.
Democrats will keep control of the Senate, NBC News projects
Democrats will retain control of the Senate in the 2022 midterm elections, NBC News projected.