Regulators in the Bahamas are holding on to $3.5 billion worth of FTX assets that it claims are intended to be transferred to those who were monetarily affected by the crypto-fallout as customers of the company have filed a lawsuit to get their dues prioritized. After crypto exchange FTX filed for bankruptcy in November, around…
Bahamas Regulators Hold $3.5 Billion Worth of FTX Customer Assets
December 30, 2022
admin
AmericasBusiness & MarketsCompaniesCrime and Incidentscrypto assetsCrypto Exchange FTXcryptocurrencycustomer lawsuitMarketsSam Bankman-FriedUSWorld
0 Comment
Keystone Pipeline Resumes Operations After 14,000 Barrel Leak
Officials said a damaged portion of the Keystone Pipeline reopened Thursday after weeks of repairs and cleanup following a 600,000-gallon crude oil leak into a Kansas stream. The pipeline, which carries oil from Canada to multiple U.S. states, shut down on Dec. 8 after spilling nearly 14,000 barrels of crude the day before at a segment of…
Volkswagen Recalls Beetles to Replace Takata Air Bags
Volkswagen is recalling nearly 42,000 Beetles in the U.S. and Canada because they have potentially dangerous Takata air bag inflators. The recall covers Beetles from the 2015 and 2016 model years. The National Highway Traffic Safety Administration says in documents posted Friday that the inflators can explode with too much force and hurl shrapnel. Takata…
Leased EVs Made Outside of US Eligible for Clean Vehicle Tax Credit: US Treasury
Electric Vehicles (EVs) that are assembled outside of but leased within the United States may be eligible for clean vehicle tax credits, according to new guidelines published by the U.S. Treasury Department. This follows a plea in November from South Korean and Japanese officials who sought more “flexibility” from the U.S. for foreign automakers in…
Goldman CEO Says Jobs Cuts Coming, Jobless Claims Rise in US
December 30, 2022
admin
Business & MarketsCompaniesDavid Solomoneconomic recessioneconomyjob cutsjobless claimstech job cutsUS
0 Comment
Goldman CEO David Solomon admitted that the bank is planning to cut jobs due to economic reasons—a decision that comes as other big banks are also considering similar options and the United States is seeing an increase in unemployment claims. In his year-end message to staff, Solomon said that the firm is working on a…
TSMC Starts Volume Production of Most Advanced Chips in Taiwan
TAINAN, Taiwan—Chipmaker Taiwan Semiconductor Manufacturing Company Ltd (TSMC) began mass production of its most advanced chips in southern Taiwan on Thursday and the company’s chairman said it would continue to expand capacity on the island. The long-awaited mass production of chips with 3-nanometre technology comes as attention focuses on the world’s largest contract chipmaker’s investment…
World Stocks Eye Glum 2022 While Dollar Triumphs
December 30, 2022
admin
Business & MarketsCompanieseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsrecessionstocks
0 Comment
LONDON/SINGAPORE—World stocks were steady on the last trading day of the year as markets digested U.S. data and the dismantling of China’s zero-COVID policy, but the global index was heading for a 20 percent drop over a year marred by high inflation and war in Europe. The dollar, a beneficiary of rising U.S. interest rates,…
Honda to Recall 200,000 Hybrid Vehicles Made in China: Regulator
Honda will recall just over 200,000 hybrid vehicles due to issues with brake pedal sensors in some models, China’s State Administration for Market Regulation said in a statement on Thursday. A total of 105,608 hybrid vehicles produced between Oct. 8, 2018 and Sept. 7, 2020 by the Japanese carmaker’s venture with Dongfeng Motor Group Co….
Southwest Airlines Targets Dec. 30 for Return to Normal Operations
December 29, 2022
admin
air travel disruptionBusiness & MarketsCompaniesholiday travelLifestyleSouthwest AirlinesTravel & DiscoveryU.S. Department of TransportationUSUS Newswinter storm
0 Comment
After canceling more than 15,000 flights over the last week, Southwest Airlines has announced that it aims to return to normal operations “with minimal disruptions” by Friday. On Thursday, the Dallas-based airline was still only operating about one-third of its schedule, with more than 2,300 flights canceled. “We are encouraged by the progress we’ve made…
Google Must Face Privacy Lawsuit for Tracking Children Without Parental Consent: Appeals Court
December 29, 2022
admin
Business & Marketscollecting childrens' informationCompaniesgoogle advertisingGoogle lawsuitMedia & Big Techparental consentSocial IssuesTechTech Newstracking children onlineUS
0 Comment
Google is set to face a class action lawsuit that accuses the tech behemoth of collecting information and tracking children’s behavior online without consent, according to the decision of the Ninth Circuit Court of Appeals. The lawsuit was filed in 2019 by children, through their parents, against Google, YouTube as well as other firms with…
-
Recent Posts
-
Archives
- May 2025
- April 2025
- July 2023
- June 2023
- May 2023
- April 2023
- March 2023
- February 2023
- January 2023
- December 2022
- November 2022
- October 2022
- September 2022
- August 2022
- July 2022
- June 2022
- May 2022
- April 2022
- March 2022
- February 2022
- January 2022
- December 2021
- November 2021
- October 2021
- September 2021
- August 2021
- July 2021
- June 2021
- May 2021
- April 2021
- March 2021
- February 2021
- January 2021
- December 2020
- September 2013
- July 2013
- March 2013
- January 2013
- December 2012
- November 2012
- December 1
-
Meta