FTX spent $256 million on Bahamas real estate — now the island’s government wants it back
Bahamas regulators appeal to U.S. bankruptcy judge to try to claim ownership over FTX-owned properties in New Providence, Bahamas.
European Union reaches landmark agreement on a pollution tax for imports
The EU has a goal to cut greenhouse gas emissions by at least 55% by the year 2030, compared to 1990.
Europe moves closer on limiting natural gas prices as Brussels looks to protect consumers
Energy ministers of the EU are discussing details over a cap on natural gas prices, but diviosn over the policy remain.
Blizzard seeks new partners to continue offering World of Warcraft in China
Blizzard is set to discontinue game services in China from January 2023 after failing to renew a 14-year contract with Chinese gaming giant NetEase.
Bank of England calls for ‘urgent’ global action after near-collapse of UK pension funds
The Bank of England called for “urgent international action” from regulators after it was forced to rescue U.K. pension funds in September.
China brings WTO case against U.S. and its sweeping chip export curbs as tech tensions escalate
China initiated a dispute against the U.S. at the World Trade Organization over Washington’s sweeping semiconductor export curbs.
European Parliament removes Eva Kaili as vice-president after Qatar corruption allegations
The European Parliament on Tuesday ousted a lawmaker who was arrested over the weekend in an investigation into alleged bribes by Qatar.
Spanish court acquits soccer star Neymar in fraud trial
Brazilian company DIS had accused Neymar, his father, and the former presidents of clubs Santos and Barcelona of intentionally hiding the cost of his transfer.
Binance temporarily halted withdrawals of stablecoin USDC as investor concerns mount after FTX collapse
Changpeng Zhao, CEO of Binance, tweeted on Tuesday that the exchange is seeing an increase in withdrawals of USDC.
Copper prices — traditionally a barometer for the global economy — are expected to soar next year
Copper — traditionally seen as a leading indicator of economic health because of its use in many sectors — has unsurprisingly had a rough year. Yet analysts expect a resurgence in 2023.
