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Category: Finance

FTX Founder Sam Bankman-Fried Accused of Deceit: Impact on Crypto Industry and Cautionary Lessons
Finance

FTX Founder Sam Bankman-Fried Accused of Deceit: Impact on Crypto Industry and Cautionary Lessons

November 2, 2023

In a shocking turn of events, former crypto boss Sam Bankman-Fried is facing accusations of deceit as his US fraud…

Effect of US Federal Reserve’s decision to hold interest rates
Finance

Effect of US Federal Reserve’s decision to hold interest rates

November 1, 2023

The US Federal Reserve’s decision to maintain its key interest rate at its current 22-year high will have several impacts…

WeWork’s Bankruptcy Announcement Sends Shockwaves Through the Finance and Technology Industries
Finance

WeWork’s Bankruptcy Announcement Sends Shockwaves Through the Finance and Technology Industries

November 1, 2023

WeWork, the troubled office-sharing firm, is reportedly planning to file for bankruptcy in the coming week. This news has sent…

Russian Tycoon Alexei Kuzmichev Detained in France for Violating EU Sanctions and Tax Fraud
Finance

Russian Tycoon Alexei Kuzmichev Detained in France for Violating EU Sanctions and Tax Fraud

October 31, 2023

In a significant move in the wake of the Ukraine war, Russian billionaire Alexei Kuzmichev has been detained in France…

The Impact of Portugal’s Tax Change on the Tech Boom
Finance

The Impact of Portugal’s Tax Change on the Tech Boom

October 31, 2023

Portugal’s tech boom has been fueled in part by generous tax policies that have attracted foreign tech workers and entrepreneurs…

Magic Johnson’s Journey to Becoming a Billionaire
Finance

Magic Johnson’s Journey to Becoming a Billionaire

October 30, 2023

Magic Johnson, the former basketball star, has made headlines as Forbes declares him a billionaire, making him one of only…

Russia’s Interest Rate Hike Aimed at Curbing Inflation and Strengthening Rouble
Finance

Russia’s Interest Rate Hike Aimed at Curbing Inflation and Strengthening Rouble

October 27, 2023

Russia’s central bank has recently announced a significant increase in its key interest rate, raising it to 15%. This move…

Ghana’s Power Crisis and its Impact on the Economy
Finance

Ghana’s Power Crisis and its Impact on the Economy

October 27, 2023

Ghana is currently facing a severe power crisis that is causing nationwide power outages. The lack of gas supply to…

The Impact of Evergrande’s Crisis on China’s Real Estate Sector and Economy
Finance

The Impact of Evergrande’s Crisis on China’s Real Estate Sector and Economy

October 26, 2023

The Chinese property developer Evergrande is facing a major financial crisis, with debts exceeding $325 billion. This crisis has significant…

Ford and UAW Reach Tentative Deal to End Strike
Finance

Ford and UAW Reach Tentative Deal to End Strike

October 26, 2023

The United Auto Workers (UAW) union and Ford have reached a tentative agreement to end the six-week strike that has…

Former Crypto Boss Sam Bankman-Fried to Testify in Fraud Case: What to Expect and Potential Impact
Finance

Former Crypto Boss Sam Bankman-Fried to Testify in Fraud Case: What to Expect and Potential Impact

October 25, 2023

The ongoing trial of former crypto boss Sam Bankman-Fried has taken an interesting turn as his legal team announced that…

Guinea-Bissau’s Capital Plunged into Darkness as Turkish Firm Cuts Power Supplies
Finance

Guinea-Bissau’s Capital Plunged into Darkness as Turkish Firm Cuts Power Supplies

October 18, 2023

Guinea-Bissau’s capital, Bissau, has been left without power after a Turkish firm, Karpowership, cut off electricity supplies due to an…

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