Crypto lender Genesis says it has no plans to file for bankruptcy immediately

Crypto lender Genesis says it has no plans to file for bankruptcy immediately

Nov 21 (Reuters) – Cryptocurrency lender Genesis said on Monday it had no immediate plans to file for bankruptcy, days after the collapse of cryptocurrency exchange FTX forced it to suspend payments to customers. “We do not plan to file for bankruptcy immediately. Our goal is to resolve the current situation consensually without the need … Read more

EXCLUSIVE Bankman-Fried’s FTX, parents buy $121 million property in Bahamas

EXCLUSIVE Bankman-Fried’s FTX, parents buy 1 million property in Bahamas

FTX unit bought 7 apartments in luxury resort for “key personnel” Bankman-Fried’s parents named owner of $16.4 million vacation home Bankman and Fried tell Reuters: They are trying to reverse the FTX deed NEW PROVIDENCE, Bahamas, Nov 22 (Reuters) – FTX Sam Bankman-Fried, his parents and executives of the failed cryptocurrency exchange bought at least … Read more

Damaged buildings but no tsunami warning for Solomon Islands after 7.0 earthquake

Damaged buildings but no tsunami warning for Solomon Islands after 7.0 earthquake

SYDNEY, Nov 22 (Reuters) – Authorities in the Solomon Islands said there would be no tsunami warnings issued after two strong earthquakes struck on Tuesday, damaging the Australian embassy and airport and causing power outages in the capital Honiara. The first quake struck offshore at a depth of 15 km (9 miles), about 16 km … Read more

Oil prices traded near two-month lows on concerns about Chinese demand, dollar strength

Oil prices traded near two-month lows on concerns about Chinese demand, dollar strength

Brent and WTI contracts were earlier down around $1 a barrel Beijing districts close schools as COVID cases rise in China A higher dollar weighs on prices LONDON, Nov 21 (Reuters) – Oil prices fell to near two-month lows on Monday, having previously fallen by about $1 a barrel, as supply concerns eased, while worries … Read more

COP27 brings climate fund breakthrough at the cost of progress on emissions

COP27 brings climate fund breakthrough at the cost of progress on emissions

The COP27 climate summit ends after a marathon weekend of negotiations The final agreement brings about the creation of a historic climate finance fund Negotiators say some have blocked stricter emissions targets SHARM EL-SHEIKH, Egypt, Nov 20 (Reuters) – Countries closed this year’s U.N. climate summit on Sunday with a hard-fought agreement to create a … Read more