BUSINESS

The ruling by U.S. Bankruptcy Judge Martin Glenn in New York affects approximately 600,000 accounts that held assets valued at $4.2 billion when Celsius filed for bankruptcy in July.

Friedberg gave details about FTX in a Nov. 22 meeting with two dozen investigators, the person said.

Last month, Kenyan President William Ruto said the government was ready to sell its entire stake in the airline, which has been languishing deep in the red for years.

Cooper Morgenthau, 35, of Fernandina Beach, Florida, pleaded guilty to one count of wire fraud on Tuesday before U.S. District Judge Paul Engelmayer in Manhattan federal court.

U.S. crude oil stockpiles likely rose 2.2 million barrels, with distillate inventories also seen down, a preliminary Reuters poll showed on Monday.

Still, oil prices settled more than 2% higher on Friday with Brent and WTI closing 2022 up 10.5% and 6.7%, respectively.

When the Commission seized the digital assets of FTX in November, they were worth just $296 million, FTX said in a statement.

As the U.S. big ticket firms are doing their spadework to cope with the impending economic slowdown, so does South Africa's mega-corporations.

Prices surged in second quarter to a peak of$139.13 a barrel, a level not seen since 2008, after Russia invaded Ukraine and sparked supply and energy security concerns.

The 30-year-old is expected to be arraigned on the afternoon of Jan. 3, 2023, before U.S. District Judge Lewis Kaplan in Manhattan federal court, court records on Wednesday showed.

The poll of members of the German-African Business Association also showed that a further 39% of Association's members aim to keep their spending levels in Africa stable.

South Africa is expected to account for more than 70% of the global transaction value of mobile payments by next year.

On Friday, Brent rose 3.6%, while WTI gained 2.7%. Both benchmarks recorded their biggest weekly gains since October.

More than 4,400 U.S. flights have been cancelled over a two-day period due to the winter storm, coinciding with a holiday travel season that some predict could be the busiest ever.

BlockFi had filed a lawsuit on Nov. 28 demanding the turnover of 56 million Robinhood shares that were allegedly pledged as collateral for BlockFi's loans to the FTX-affiliated crypto hedge fund Alameda Research.

Crypto firm Binance endures wild weeks in wake of FTX collapse

South African Airways temporarily halted flights on the route in March 2020 to help prevent the spread of COVID-19 as well as to manage financial challenges.

Crashes, contagion, collapses came in such quick succession that investors were, towards the end of the year, asking serious existential questions.

Oil prices rose in early Asian trade on Wednesday as U.S. crude stocks were seen falling last week, while the dollar weakened, making oil less expensive for non-American buyers.

The world's biggest crypto exchange, Binance, is battling to shore up confidence after a surge in customer withdrawals and a steep drop in the value of its digital token.

In November, ASX abandoned the project, citing dysfunctional management, concerns about the product's complexity and scalability, and difficulty finding experts to support it.

Any delays in re-opening of China could however curb the projections, Mesfin said, since it is a key market for both passengers and cargo.

The plea comes as prosecutors in the Southern District of New York (SDNY) ramp up enforcement of financial crimes related to digital assets.

The $120 million (over R 2 billion) photovoltaic project, located in the northwest province of South Africa, will sell electricity to state utility Eskom under a 20-year power purchase agreement.

The facility is expected to be operational by mid-2024, according to the company's EMEA president Eugene Bergen.

2Africa is a consortium-owned project that will connect the African continent to Europe and Asia.

The pharmaceutical company will manufacture and distribute pneumococcal, rotavirus, polyvalent meningococcal, and hexavalent vaccines in the region.

The moves include export restrictions on some chips used in supercomputing as well as stricter requirements on the sale of semiconductor equipment.

An IMF spokesperson said the board discussed potential changes to the policy during its regular review of the global lender's precautionary balances, but failed to reach consensus on reviewing the policy.