FTX says that nearly all of its customers will get back the money they are owed — and some will get more than that — nearly two years after the cryptocurrency exchange imploded.FTX said in a court filing late Tuesday that it owes about $11.2 billion US to its...
Siemens Energy shares soared as much as 13% on Wednesday after the German renewables firm raised its forecast for the year and announced that the CEO of its troubled wind turbine unit will be replaced amid "comprehensive restructuring measures."It said in a statement that Jochen...
Exporters in Zhejiang and Guangdong provinces said payments from Russia can still be received in yuan through BOC, albeit delayed, after they were told to switch to the Chinese currency this year.“We were notified that we must change to the yuan, and now each and...
Beijing called the move “a typical economic coercion practice” and a violation of US commitment to not decouple from China. It “will take all necessary measures to safeguard the legitimate rights and interests of Chinese firms,” a spokesperson of China’s commerce ministry said on Wednesday.Huawei’s...
Chinese exporters are maintaining a sunny outlook for the year, paying no heed to the storm clouds forming over the domestic new energy industry after allegations of overcapacity by the United States and the European Union – nor the trade restrictions that are likely to...
China’s status as the world’s top commercial power is being tested amid an economic slowdown and demographic shifts. Its sheer size, infrastructure and government efforts to move the country to a consumption-driven economy provide a strong foundation, but Asia’s other emerging markets – particularly India...
The federal government tabled its annual budget on Tuesday with a promise to open the door to homeownership for millennial and Gen Z renters. You'll have to read the fine print to find measures for young renters who can't buy a home — or just...
The Trudeau government is promising $9 billion in new cash for Indigenous communities over the next five years, a smaller spend than some past budgets but one the government says builds on past investments and maintains an upward trend.With no single big-ticket item for Indigenous Peoples...
Passengers checks their flight status in the departure terminal in Ben Gurion airport on the morning after a drone and missile attack from Iran, near Tel Aviv, Israel on Sunday, April 14, 2024. Bloomberg | Bloomberg | Getty ImagesFlights to Israel are set to remain disrupted...
The TGI Fridays logo is seen on one of its restaurants in London, U.K., on May 27, 2020.John Lamparski | Lightrocket | Getty ImagesTGI Fridays and Hostmore, the chain's U.K. franchisee, announced plans to merge on Tuesday.The all-share deal is valued at 177 million pounds,...