Business News

(Reuters) – Crypto exchange FTX filed for U.S. bankruptcy on Friday and Sam Bankman-Fried stepped down as CEO, after a liquidity crisis that has prompted intervention from regulators around the …

By Paresh Dave OAKLAND, Calif. (Reuters) -Facebook owner Meta Platforms told employees on Friday that it would stop developing smart displays and smartwatches and that nearly half of the 11,000 …

(Reuters) -Walt Disney Co is planning to freeze hiring and cut some jobs as it strives to move the Disney+ streaming service to profitability against a backdrop of economic uncertainty, …

By Jonathan Stempel NEW YORK (Reuters) – Roger Ng, the former Goldman Sachs banker convicted for helping loot Malaysia’s 1MDB sovereign wealth fund, on Friday sued the government’s star witness …

(Reuters) – A group responsible for power market reliability in Western North America said the growing use of renewable generation will require the region to boost planning reserves in coming …

By Jonathan Stempel and Jody Godoy (Reuters) -Elizabeth Holmes urged a U.S. judge not to send her to prison, as the founder of Theranos Inc prepares to be sentenced next …

By Andrea Shalal WASHINGTON (Reuters) -World Bank President David Malpass on Friday said he was deeply concerned about Chad’s longer-term ability to pay its $3 billion in external debts since …

By Herbert Lash and Huw Jones NEW YORK/LONDON (Reuters) – Global stocks rallied on Friday for a second day on hopes cooler U.S. inflation would lead to less aggressive interest …

By Pamela Barbaglia, Oliver Hirt and Michael Shields LONDON/ZURICH (Reuters) -Credit Suisse’s recent decision to exit certain investment banking activities is drawing scrutiny from at least two investors and a …

SAO PAULO (Reuters) – Brazilian conglomerate Cosan SA reported a third-quarter net loss on Friday, swinging from a big profit in the same period last year, as the group paid …

By Deep Kaushik Vakil and Pratima Desai (Reuters) -The London Metal Exchange (LME) said on Friday it will not ban Russian metal from being traded and stored in its system …

By Alun John and Hannah Lang LONDON (Reuters) – Crypto exchange FTX filed for U.S. bankruptcy protection on Friday and its founder Sam Bankman-Fried resigned as chief executive, after the …

By Nate Raymond (Reuters) -The United States government has stopped taking applications for student debt relief, after a federal judge blocked President Joe Biden’s loan forgiveness plan, according to a …

By Laura Sanicola (Reuters) -Oil prices settled higher on Friday but fell week-on-week after health authorities in China eased some of the country’s heavy COVID-19 curbs, raising hopes for improved …

By Tim Hepher LONDON (Reuters) -Airbus and Qatar Airways skirmished on Friday over relations with aviation watchdogs and a deluge of confidential documents as legal claims over grounded jets hit …

By Gertrude Chavez-Dreyfuss and Elizabeth Howcroft NEW YORK/LONDON (Reuters) – A week of turmoil culminating in major crypto exchange FTX filing for bankruptcy has left investors questioning the viability of …

By David Lawder NEW DELHI (Reuters) -U.S. Treasury Secretary Janet Yellen told Reuters on Friday that it was good to see the latest U.S. inflation data that suggests upward pressures …

By Elisa Anzolin MILAN (Reuters) -The Benetton family and U.S. investment fund Blackstone aim to press ahead with their offer for Italy’s Atlantia, sources said on Friday, after their takeover …

(Reuters) – American Airlines Group’s pilots said on Friday that their union has agreed to explore a merger with the Air Line Pilots Association (ALPA), which represents pilots at major …

By Kate Abnett and Valerie Volcovici SHARM EL SHEIKH (Reuters) – Oil and gas producers Canada and Nigeria have become the latest countries to tackle the potent greenhouse gas methane …

(Reuters) – Coinbase Global Inc will write off the investment its ventures arm made in cryptocurrency exchange FTX in 2021, according to a person familiar with the matter. Coinbase had …

(Reuters) -Estee Lauder Cos Inc is nearing a deal to buy Tom Ford for about $2.8 billion, including debt, beating out competition from a number of others interested in acquiring …