Singapore’s deputy prime minister calls FTX loss ‘disappointing,’ pledges to improve the process
Singapore’s deputy prime minister says Temasek’s $275 million loss in bankrupt crypto exchange FTX is ‘disappointing’ but investing is of a risk-taking nature.
Europe’s biggest buyer of bonds is starting to think about selling
The ECB is set to discuss and reveal more concrete details on how it will unwind 8.8 trillion euros ($9.21 trillion) from its balance sheet
Former President Jiang Zemin, who guided China’s rise, dies at 96
Former Chinese President Jiang Zemin died on Wednesday at the age of 96, Chinese state media reported.
Zelenskyy says Ukraine prepares ‘powerful countermeasure’; EU seeks special court to investigate Russia war crimes
Ukraine’s President Volodymyr Zelenskyy described the situation at the front as difficult, with intense fighting in the east, northeast and south of Ukraine.
Bitcoin tops $17,000 for the first time in two weeks but analysts don’t expect the bounce to stick
Investor confidence in cryptocurrencies has been hammered after FTX collapsed, sending shockwaves through the entire industry.
Transitory inflation talk is back. But economists say higher prices are here to stay
Global markets have taken heart in recent weeks from data indicating that inflation may have peaked, but analysts have warned against the return of the “transitory” inflation narrative.
China’s Tencent bets on cloud computing growth abroad as its core video games business takes a beating
The move marks a realization that Tencent needs to find new sources of growth abroad as China’s economy slows.
Peter Thiel’s VC fund backs TreeCard, a fintech that plants trees when you spend
The deal underscores increased interest from VC investors in companies addressing climate change.
Chinese astronauts board space station in historic mission
Three Chinese astronauts arrived on Wednesday at China’s space station for the first in-orbit crew rotation in Chinese space history.
‘Wild ride’: Morgan Stanley’s Mike Wilson predicts double-digit percentage drop will hit stocks in early 2023
Morgan Stanley top U.S. strategist Mike Wilson believes investors are on the doorstep of a deep pullback due to an acceleration of downward earnings revisions.
