Binance’s rescue of FTX shows no crypto company is ‘too big to fail,’ experts say
Despite FTX being the fourth-biggest crypto exchange, the company wasn’t immune from the downturn in digital assets.
Lionel Messi takes stake in NFT fantasy soccer game Sorare
Paris Saint-Germain forward Lionel Messi is joining the French NFT trading card game Sorare as an investor and brand ambassador.
Russia’s hopes for a Republican landslide to hurt Ukraine are vanishing fast
While the U.S. midterm election results roll in, the vote count is being closely watched half way across the world by Ukraine and Russia.
Europe shows a united front against Biden’s Inflation Reduction Act, says it threatens industry
There is a political consensus among EU finance ministers that Biden’s inflation reduction act could harm European companies.
Britain’s Next to buy failed furniture retailer Made.com with 500 jobs at risk
British fashion retailer Next will buy the brand of collapsed online furniture seller Made.com after it fell into administration, putting around 500 jobs at risk.
Adidas warns of big earnings hit after ending Ye partnership
Adidas on Wednesday cut its full-year guidance on the back of the German sportswear giant’s termination of its partnership with Kanye West’s Yeezy brand.
Two portfolios—one GOP, one Democrat—make predictions about the U.S. midterms
Energy, defense, insurance and pharmaceutical stocks will benefit from policies set by the Republicans. Clean energy is a winner if the Democrats excel. Plus, the latest on the midterms and aid to Ukraine, CNBC’s Ted Kemp reports.
World leaders insist Russia’s war in Ukraine must be a reason to act even faster on climate
World leaders took to the stage on the opening days of the COP27 to insist Russia’s onslaught in Ukraine must not derail urgent climate action.
Cathay Pacific appoints long-serving executive Ronald Lam as next CEO
The 50-year-old was viewed by analysts as the most likely successor to Tang at an airline where the chief executive’s tenure is usually around three years.
Indonesia’s economy saw robust growth in the third quarter, but this could be ‘as good as it gets’
Indonesia’s economy grew at the fastest clip in more than a year for the third quarter, but this “might be as good as it gets” as headwinds await, economists said.
