ECB will do ‘whatever is necessary’ to get inflation to 2%, vice president says
The central bank must focus on avoiding second-round inflation effects and display its commitment to reaching 2% inflation, Luis de Guindos told CNBC.
Binance CEO says crypto ‘will be fine’ and announces industry recovery fund
The CEO of online exchange for trading cryptocurrency, Binance, will establish a recovery fund to help people in the industry, but says sector “will be fine.”
Elon Musk’s idea for paid Twitter verification is ‘completely flawed,’ EU competition chief says
Elon Musk’s idea for a subscription model to pay for Twitter’s sought-after blue check is “completely flawed,” Europe’s competition chief told CNBC Wednesday.
Economist Nouriel Roubini slams crypto ‘carnival barkers’ and Binance CEO as ‘a walking time bomb’ after FTX disaster
The NYU professor said recent turbulence in the crypto market showed major players in the industry needed to go, and that regulators should be wary.
Kyiv says Poland strike a ‘very sensitive issue,’ wants to see evidence that its forces fired missile
Ukraine’s Defense Ministry was cautious Wednesday as evidence mounted that its own armed forces fired a missile that hit Poland.
Official says oil tanker hit by bomb-carrying drone off Oman
An oil tanker associated with an Israeli billionaire has been struck by a bomb-carrying drone off the coast of Oman, an official told The Associated Press.
IPO funds raised by Southeast Asian companies fall amid economic headwinds
Southeast Asia launched less IPOs and raised less funds amid economic headwinds. But 2023 still has room for high growth, as we emerge from the pandemic.
UK inflation hits 41-year high of 11.1% as food and energy prices continue to soar
U.K. inflation jumped to a 41-year high of 11.1% in October, exceeding expectations as food, transport and energy prices continued to squeeze households and businesses.
Sea Limited stock jumps as much as 41% as company renews focus on profitability
Sea Limited stock rose as high as 41% after Tuesday’s third-quarter earnings results, as the company says it will focus on profitability instead of growth.
Euro zone predicted to have a deep recession and a difficult, slow recovery
The euro zone is expected to face a recession in the coming months and economists are warning “it will not be shallow”.
