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The fall of the FTX ‘King of Crypto’ Sam Bankman-Fried

It took fewer than eight days for Sam Bankman-Fried to go from being nicknamed the “King Of Crypto” to his company filing for bankruptcy and him stepping down as chief executive, facing federal investigations into how he handled the company’s finances. LEARN PROFESSIONAL COURSES FOR FREE AND GET CERTIFIED WITHIN 48HRS Over the last few …

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Grim economic outlook for Africa in 2023- EIU analysts forecast.

There are major concerns surround the heavy burden of debt servicing, the instability created by election cycles, geopolitics and war, as well as the lingering threat of food insecurity caused by conflict and adverse weather conditions on the African continent. GROW YOUR ONLINE BUSINESS WITH THIS POWERFUL PLATFORM Africa’s economic recovery has been disrupted in …

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Taiwanese chip giant invests $40bn in US plant

The Biden administration is pushing ahead with plans to bring onshore production of key components in everything from phones to military jets. The announcement came as President Joe Biden and the Taiwan-based firm’s boss opened the factory in Arizona. It is one of the largest foreign investments in American history. TSMC is the world’s largest …

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JUST IN Manchester United For Sale: Who might buy the football club?

The Glazer family, who bought the club in 2005 for £790m, say they are exploring “strategic alternatives”. It is thought they could sell it for £4bn-£4.5bn, though some have suggested higher sums. The move has been welcomed by fans, who have protested for years against the American family’s ownership. So who might be interested in buying the …

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British Pound Pauses as US Dollar Takes Stock of Fed Outlook. Will GBP/USD go Higher?

Reports gathered from sources indicates that the British Pound held onto to yesterday’s gains through the Asian session today, with the US Dollar remaining under pressure after Fed commentary. THE LEADING VIDEO CONFERENCING AND WEBINAR APP FOR BUSINESS AND ORGANIZATIONS Remarks from Cleveland Fed President Lorretta Mester and Kansas City Chief Esther George appeared to lead the …

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