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Categories World News

Fed’s Powell says inflation battle not won, more rate hikes coming

Author December 15, 2022

WASHINGTON — The Federal Reserve will deliver more interest rate hikes next year even as the economy slips towards a possible recession,

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Categories World News

Bankman-Fried charges showcase US prosecutor’s growing role in crypto enforcement

Author December 15, 2022

NEW YORK — When he took office as the top federal prosecutor in Manhattan in late 2021, Damian Williams pledged to prioritize

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Categories World News

China’s COVID spike not due to lifting of restrictions — WHO director

Author December 15, 2022

GENEVA — Coronavirus disease 2019 (COVID-19) infections were exploding in China well before the government’s decision to abandon its strict “zero-COVID” policy,

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Categories World News

Uncertain conditions await Bankman-Fried at Bahamas detention center

Author December 14, 2022

Prisoners faced rodents and a lack of toilets in the Bahamas detention center where Sam Bankman-Fried will be held, according to a

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Categories World News

EU seeks firm words on Russia at first summit with ASEAN

Author December 14, 2022

BRUSSELS — The European Union and the Association of Southeast Asian Nations (ASEAN) meet for their first summit on Wednesday to deepen

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Categories World News

‘Tough times’: Warnings sound over China’s ‘zero-COVID’ exit

Author December 14, 2022

BEIJING — A week after China began dismantling its tough ‘zero-COVID’ controls, the World Health Organization (WHO) warned of “very tough” times

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Categories World News

How a secret software change allowed FTX to use client money

Author December 14, 2022

IN MID-2020, FTX’s chief engineer made a secret change to the cryptocurrency exchange’s software. He tweaked the code to exempt Alameda Research, a

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Categories World News

Ukraine’s latest need: 50 million LED light bulbs to ease power shortfalls

Author December 14, 2022

WHILE Kyiv’s allies pledged more than $1 billion in aid on Tuesday, they also promised energy-efficient LED bulbs to ease power shortfalls

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Categories World News

New Zealand forecasts recession next year but a narrower budget deficit

Author December 14, 2022

WELLINGTON — New Zealand’s government on Wednesday forecast the country would enter a recession in 2023, even as the budget remained on

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Categories World News

Global debt still well above pre-pandemic levels — IMF

Author December 13, 2022

WASHINGTON — Global public and private debt saw its biggest drop in 70 years in 2021 after reaching record highs because of

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