BUSINESS

UK-based crypto lender Nexo said on Monday it would phase out its U.S. products and services over the coming months due to clashes with regulators.

Nick Read will be replaced on an interim basis by Vodafone's chief financial officer Margherita Della Valle, who will continue her current role while Vodafone seeks out a permanent replacement.

In October eight people, including former Eskom CEO Matshela Koko, were arrested on corruption charges linked to the ABB work.

According to Morocco's state-owned phosphates firm OCP, the kingdom controls around 31 percent of the international trade in the substance.

Large law firms can rake in more than $100 million in legal fees during a long-running bankruptcy, experts said.

The price of bitcoin has dropped 65% since the start of the year, the cryptocurrency Luna suffered a total collapse in value, and crypto exchange FTX went from buying Super Bowl ads to crash landing into bankruptcy.

Dubbed 'Advance', the coalition is the largest such stewardship initiative, said the organiser, the U.N.-backed Principles for Responsible Investment (PRI), in a statement on Thursday.

The company is developing brain chip interfaces that it says could enable disabled patients to move and communicate again, with Musk adding on Wednesday that it will also target restoring vision.

The liquidity crunch at FTX came after Bankman-Fried secretly moved $10 billion of FTX customer funds to Alameda Research, Reuters reported, citing two people familiar with the matter.

The deadline for a deal is Dec. 5 because that is when the EU's own full embargo on purchases of Russian seaborne oil, agreed at the end of May, kicks in.

The move comes after the mercurial billionaire reinstated a slew of accounts on the social media network that had previously been banned for violating its content rules, such as that of former president Donald Trump.

Oil prices rose in early Asian trade on Wednesday as U.S.

Qatar's Energy Minister Saad Sherida al-Kaabi said up to two million tons of gas a year would be sent for at least 15 years from 2026, and that state-run QatarEnergy was discussing other possible deals for Europe's biggest economy.

BlockFi is expected to tell U.S. Bankruptcy Judge Michael Kaplan in Trenton, New Jersey why it went bankrupt and how it plans to exit from Chapter 11.

Officially, around 50 people -- including 10 members of the security forces -- died when police opened fire on demonstrators in the capital N'Djamena and several other cities on October 20.

New Jersey-based BlockFi, founded by fintech executive-turned-crypto entrepreneur Zac Prince, said in a bankruptcy filing that its substantial exposure to FTX created a liquidity crisis.

The advertising situation at Twitter has been particularly dire since Musk took over the company in late October.

The announcement comes as Musk faces pushback that his criteria for content moderation is subject to his personal whim, with reinstatements decided for certain accounts and not others.

There has been fevered talk of the platform's imminent demise since billionaire Elon Musk took over last month and began firing vast numbers of staff.

Musk had made the remark in a video call with President Yoon Suk-yeol, adding that the company planned to step up cooperation with South Korea on supply chains, Yoon's office said.

The social media giant symbolized by the blue bird has laid off half of its 7,500 employees, while several hundred others have resigned, creating doubts over its future.

Loans from Genesis Global Capital, which suspended customer withdrawals last week, were used to "fund investment opportunities" and repurchase stock from non-employee shareholders, Silbert said in the letter, which was seen by Reuters.

Sam Bankman-Fried's FTX, his parents and senior executives of the failed cryptocurrency exchange bought at least 19 properties worth nearly $121 million in the Bahamas over the past two years, official property records show.

The spectacular collapse of Sam Bankman-Fried's FTX, a major centralized crypto exchange, has unleashed a wave of calls for more regulation from mainstream bankers and investors.

South Africa is an important nation for the United Kingdom since the former is at present the only African nation in the G20 body, and it acts as the gateway to a huge number of business investments in the African continent for British companies.

Crypto products and funds saw inflows of $44 million, as of the week ended Nov. 18, but 75% of those flows represented investments in short crypto products, data showed.

The uncertain future of Genesis Global Capital, one of the biggest crypto lenders, is fueling concern that the recent collapse of crytpo exchange FTX is having a spillover effect on other players in the highly interconnected market.

Three quarters of cars produced by South Africa's auto industry, which accounts for 5% of gross domestic product and more than 100,000 jobs, are exported, mostly to Europe.

India has laboured to rein in cryptocurrency transactions after years of phenomenal growth, backed by burgeoning local trading platforms and glitzy celebrity endorsements.