President Financial News

All investors remember the collapse of FTX – one of the largest financial frauds perpetrated in history. It killed the bull market. But how did FTX grow so large in the first place? The trading experience was excellent and it provided a superb on-ramp for liquidity into crypto- especially altcoins.

Tengnoupal district of Manipur on Monday was performed late at night on Tuesday. Normal life was affected in Manipur valley following the bandh called in protest against the killing. Family members of the 13 victims expressed suspicion of torture in custody and cold-blooded execution and demanded the government for swift investigation to bring all those involved in the crime to justice. The 13 bodies were brought to Imphal around Monday midnight and postmortem examinations were conducted on Tuesday, after which family members claimed the bodies and took them to Andro Torongthel in a large procession along Ayangpalli Road and passed through Kongba Singjamei Road, Singjamei Keithel, Thoubal and Yairipok. A large number of the public participated in the procession. People also gathered in large numbers along the route and offered floral tributes to the 13 victims according to their heroes' respect. The family members claimed that there were several bruises on his body suggesting torture before being killed.

Bitcoin traded close to $44,000 after notching its longest winning streak since May, a rally driven in part by expectations of looser monetary policy. 

Venezuelan President Nicolás Maduro is asking the country’s state-owned companies to “immediately” begin to explore and exploit the oil, gas and mines in Guyana’s Essequibo region, a territory larger than Greece and rich in oil and minerals that Venezu...

The generative AI boom has sent governments worldwide scrambling to regulate the emerging technology

Slovakia’s new government of populist Prime Minister Robert Fico has approved an amendment to the country’s penal code to close the special prosecutor’s office that deals with the most serious crimes and corruption

Members of Hollywood’s actors union have voted to ratify the deal with studios that ended their strike after nearly four months

Western officials say sanctions against Russia’s billionaires are meant to isolate President Vladimir Putin, choke off support for his war and turn powerful business allies against him

Bank of India tightened rules on consumer lending, Paytm will cut down on disbursing loans under ₹50,000, said the Indian digital payments firm on Wednesday. In addition to this, the bank is likely to expand to higher ticket ones. The company is planning to reduce the proportion of small-ticket loans, also called postpaid loans, from its future loan distribution business.

Belt and Road Initiative (BRI) of China, four years after signing the project, news agency AFP reported Wednesday citing a government source. Italy in 2019 became the first and so far only G7 nation to join the programme. Rome communicated the long-anticipated decision to Beijing three days ago, Italian newspaper Corriere della Sera, which first reported the news, said.

Telangana PCC President A Revanth Reddy who is set to take over the reins of the state from Thursday will have a daunting task of making the bleak coffers ring to be able to fulfill the «six guarantees» that the Congress party gave during the run up to the recently concluded assembly polls. Besides, he also has many political challenges to confront. The Congress's robust campaign highlighting the six guarantees is said to have been one of the reasons for the party to mark its victory in the state.

When the Center for Strategic and International Studies simulated a war between the U.S. and China over Taiwan, the wargame ended with Taiwan still free, at grievous cost. The U.S.

WASHINGTON—During more than a dozen phone calls to discuss the war in Gaza between President Biden and Prime Minister Benjamin Netanyahu, a U.S. official, who has become increasingly involved in the administration’s handling of the conflict, was listening in: Vice President Kamala Harris.

ALBANY, N.Y.—A ban on noncompete agreements could soon be coming to New York—potentially with a carve-out for higher earners. New York Gov. Kathy Hochul is considering whether to sign or veto a bill that would prohibit noncompete agreements, which typically prevent workers from taking a new job or starting a business for a period after leaving an employer.

Sukhdev Singh Gogamedi, the Rajasthan Police has identified two shooters who were involved in the killing. The two assailants have been identified as Rohit Rathore Makrana and Nitin Fauji, said Rajasthan Police, adding that Nitin Fauji is a resident of Mahendragarh, Haryana.

Microsoft's $69 billion deal to buy "Call of Duty" maker Activision Blizzard was legal under competition law, in their latest attempt to stop the deal. Microsoft closed the deal, originally proposed in January 2022 as the biggest acquisition in the history of the gaming industry, on Oct. 13 of this year after obtaining the approval of British regulators.

By Tim Hepher and Giuseppe Fonte

(Reuters) — The global wind power sector will add less capacity in the next decade than previously expected due to financial trouble in the U.S. offshore wind industry and sluggish approval and project execution in China, consultancy Wood Mackenzie said on Tuesday.

The Maharashtra government in July formally awarded the 259-hectare Dharavi redevelopment project to a firm under the Adani Group. Thackeray will start his march from Dharavi to the office of Adani Group on December 16, according to an Indian Express report. He accused the state government of favouring the business conglomerate, Adani Group, by awarding the project.

India’s personal computer market is projected to close 2023 as one of its dullest years, with shipments of 12-13 million units as against 14.8 million each in 2022 and 2021, according to estimates from International Data Corporation (IDC). Shipments of PCs including laptops were lower at 10.3 million units in 2020, when sales were disrupted by the pandemic.

Paytm has temporarily halted its buy-now-pay-later (BNPL) service Postpaid for its users, as lending partners have become cautious about fintech partnerships after the Reserve Bank of India raised risk weightages by 25% against unsecured lending. According to sources, in Paytm’s case, Aditya Birla Capital, a major partner, seems to have pulled out of the Postpaid partnership, leading to the company temporarily halting the service for users.