By Dietrich Knauth NEW YORK (Reuters) – The judge overseeing FTX’s U.S. bankruptcy said Thursday that he would not defer to a Bahamian court about key issues like which FTX entity should collect assets and repay customers of the bankrupt crypto exchange. Liquidators for FTX Digital Markets, the exchange’s Bahamas-based subsidiary, have asked U.S. Bankruptcy…
By Foo Yun Chee BRUSSELS (Reuters) -EU industry chief Thierry Breton will meet Meta Platforms Chief Executive Mark Zuckerberg on June 23 and demand that he act immediately to tackle content targeting children, as Meta’s voluntary child protection code seemed not to be working. Social media platforms such as Meta’s Instagram, ByteDance’s TikTok, Snap’s Snapchat…
By Karen Freifeld and Jacqueline Thomsen (Reuters) – U.S. courthouse activity in Miami suggests that federal prosecutors might bring criminal charges against former President Donald Trump in his home state of Florida rather than in Washington. Special Counsel Jack Smith has convened grand juries in both places to hear evidence in his investigation into whether…
By Humeyra Pamuk and Simon Lewis RIYADH/WASHINGTON (Reuters) – When Saudi Arabia’s Public Investment Fund (PIF) signed a deal this week to merge with North America’s top body in charge of professional golf, it signaled for some the completion of a U.S.-aided rehabilitation of Crown Prince Mohammed bin Salman, five years after the murder of…
By Nancy Lapid (Reuters) – Wildfires are increasingly causing destruction and illness around the world, but the smoke drifting southward from eastern Canada this week is a new experience for the tens of millions who live in the U.S. Northeast. Many in those states are wondering what they need to know about a first-time wildfire…
By Jason Xue and Joe Cash SHANGHAI/BEIJING (Reuters) – China is open for investment, the country’s top financial regulators told foreign financiers at a high-profile forum in Shanghai on Thursday, as concerns mount among foreign firms that they may no longer be welcome. The world’s second-largest economy, keen for foreign investment to support its reopening…
By David Shepardson WASHINGTON (Reuters) – Two U.S. senators said on Thursday they had proposed barring the Federal Aviation Administration from buying or using Chinese-made drones. Senator Marsha Blackburn, a Republican, and Senator Mark Warner, a Democrat who chairs the Intelligence Committee, proposed legislation that would also prohibit the FAA from providing federal funds to…
By John McCrank and Hannah Lang (Reuters) -The chair of the U.S. Securities and Exchange Commission (SEC) on Thursday strongly rebutted criticism that the agency is trying to crush the crypto industry, and said many companies in the space had made a “calculated economic decision” to flout its rules. Speaking at a Piper Sandler conference…
By Nathan Gomes and Sinéad Carew (Reuters) -Shares of used-car retailer Carvana Co closed up 56.0% on Thursday with some help from traders covering their bearish bets after the company forecast second-quarter adjusted earnings above Wall Street expectations due to cost-cutting initiatives. During the session Carvana shares rose as much as 68% to $26.09, which…
By Marco Aquino and Dan Whitcomb (Reuters) -A convicted killer long suspected in the 2005 disappearance of Alabama teenager Natalee Holloway arrived on Thursday in the U.S., where he faces extortion and fraud charges. Images broadcast on U.S. TV networks showed a plane carrying Joran van der Sloot, 35, landing in Birmingham, Alabama on Thursday…
