By Andrew Goudsward (Reuters) – Indicted FTX founder Sam Bankman-Fried has renewed his attacks on the bankrupt cryptocurrency exchange’s law firm as he mounts his defense against a raft of fraud, money laundering and campaign finance charges. Bankman-Fried late Monday asked a judge to designate FTX’s current leadership and the exchange’s attorneys at law firm…
By Jonathan Stempel (Reuters) – A Delaware judge on Tuesday dismissed a shareholder class action seeking to hold Jack Dorsey and other board members at Block Inc liable for approving the payments company’s purchase of Jay-Z’s streaming service Tidal. Chancellor Kathaleen McCormick in Delaware Chancery Court said the Florida pension fund leading the case did…
By Valerie Insinna, Padraic Halpin and Tim Hepher WASHINGTON/DUBLIN (Reuters) -Ireland’s Ryanair sealed a multibillion-dollar deal for as many as 300 Boeing jets on Tuesday, burying the hatchet after an 18-month public feud where prices threatened one of aviation’s closest partnerships. Europe’s biggest low-cost carrier said it was placing a firm order for 150 of…
By Nidal al-Mughrabi GAZA (Reuters) – Israel killed three Islamic Jihad commanders in Gaza and at least 10 civilians including several children in surprise pre-dawn air strikes on Tuesday, drawing threats of reprisals and warnings of a further escalation in fighting. The strikes, targeting senior militant commanders Israel said had planned attacks from Gaza and…
By Helen Reid BARCELONA (Reuters) – Amazon plans to open new warehouses and hire more people in Europe, an executive said on Tuesday, even as squeezed consumer spending forces the tech giant to cut costs globally and lay off some employees. Amazon has invested 142 billion euros ($156 billion)in Europe since 2010, and its growth…
By Luc Cohen NEW YORK (Reuters) -Sam Bankman-Fried, who has long denied stealing from customers of his FTX cryptocurrency exchange, on Monday said prosecutors charged him with “troubling” haste and asked a U.S. judge to throw out 10 of the 13 criminal counts against him. In a filing in Manhattan federal court, Bankman-Fried’s lawyers said…
By Mike Stone WASHINGTON (Reuters) – The United States announced on Tuesday a new $1.2 billion military aid package for Ukraine that will include air defense systems, ammunition and funds for training, the Pentagon said. Ukraine Security Assistance Initiative (USAI) funds will be used to purchase the weapons, allowing President Joe Biden’s administration to buy…
By Huw Jones LONDON (Reuters) – Banks, insurers and asset managers in the European Union would only be allowed to sell funds and other products across the bloc if they could prove to regulators they offer value for money, draft proposals seen by Reuters showed. The EU’s executive European Commission is due to publish legislative…
By Andrius Sytas RIGA (Reuters) -In a Stalinist skyscraper which dominates the skyline of Latvia’s capital, dozens of elderly Russians wait to take a basic Latvian language test as a proof of loyalty to a country where they have lived for decades. Clutching red Russian passports, the participants, mostly women, read their notes for last…
(Reuters) – Nikola Corp on Tuesday reported a bigger quarterly loss and said it would pause production to streamline the assembly line at its Coolidge, Arizona, factory amid sluggish demand for its battery-powered trucks. The company said it would double down on cutting costs and that it will build battery electric trucks only to order,…
