Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. UK mortgage approvals sank in September to the lowest since January 2023 while money supply contracted further, according to official data that reflects the impact of high interest rates on lending days before the Bank
The Monetary Authority of Singapore (MAS), the country’s central bank and financial regulator, is planning to start crypto-related cooperation with some European countries and Japan. The MAS officially announced on Oct. 30 that it is partnering with the Financial Services Agency of Japan (FSA), the Swiss Financial Market Supervisory Authority (FINMA) and the United Kingdom’s
A recent study conducted by the United Nations suggests a direct correlation between the price of Bitcoin (BTC) and the energy needed for mining operations. UN scientists evaluated the activities of 76 Bitcoin mining nations during the 2020–2021 period and found that the global Bitcoin mining network consumed 173.42 terawatt-hours of electricity. During this timeframe,
Thailand’s Kasikornbank — one of the largest banks in the country — is moving into the cryptocurrency industry by acquiring a majority stake in the local crypto exchange Satang. Kasikornbank, also known as KBank, acquired 97% of shares in the operator of Thailand’s Satang crypto exchange, according to an announcement published on Oct. 30 on
A video screengrab shows pro-Palestinian protesters storming the airport in Makhachkala © via REUTERS Russian police have arrested 60 people after an angry antisemitic mob stormed an airport in the southern city of Makhachkala on Monday, some waving Palestinian flags and searching for Jews among passengers on a flight from Tel Aviv on Sunday. Police
Bitcoin (BTC) starts a new week at comfortable highs as traders square off over BTC price action to come. As macroeconomic uncertainty continues to grow, Bitcoin is cementing its new trading zone above $30,000. The highest weekly close since early May 2022 is the latest achievement for bulls, and so far, bid support has allowed
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Israel expanded its ground operations in Gaza, bombed targets in Syria and carried out a raid in the occupied West Bank overnight, as its war with Hamas militants sent tensions rising across the Middle East.
Zodia, the institutional cryptocurrency custody platform co-owned by British banking giant Standard Chartered, Japanese SBI Holdings and the financial firm Northern Trust, is expanding its services to Hong Kong. Zodia Custody is launching services in Hong Kong in response to growing demand for crypto from institutions, Zodia CEO Julian Sawyer said, according to a CNBC
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. David Solomon started at Goldman Sachs in 1999, joining in his mid-30s from the scruffy Bear Stearns, as a partner in the junk bond group of the investment bank he now runs. Alan Waxman came
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. HSBC has announced up to $3bn in additional share buybacks, taking total buybacks to $7bn this year, as the bank said higher interest rates were continuing to boost its growth. The move came even as
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Israel and Hamas have continued indirect negotiations over the release of civilian hostages seized by the Palestinian militant group, despite Israeli ground forces moving deeper into the besieged enclave of Gaza. A Qatari official said
Injured in an Israeli strike, Omar Ahmed’s treatment at the Nasser hospital in Khan Younis, southern Gaza, is the story of a medical system close to collapse. During his five days on the ward, he has never had a moment without pain. His burns were cleaned without anaesthetic and he was left to recover with
Gary Gensler once criticized the United States securities regulator for its “inconsistent” approach to spot Bitcoin (BTC) products, according to a resurfaced video of Gensler from 2019. The video clip, which has recently made the rounds again on social media, shows the pre-SEC Gensler discussing blockchain regulation at the 2019 MIT Bitcoin Expo in a
It was during her maternity leave that Megan Gray, a corporate lawyer at an elite international firm, realised she could not return to her job as it was. “In corporate, transactional practices the model is being always on, always working, with no shut-off or delineation between work and home,” she says. “I started thinking how
The Bank of England is likely to hold rates unchanged at their highest levels since before the financial crisis this week, signalling the battle against stubborn inflation is far from over despite evidence of weakening growth. The bank’s Monetary Policy Committee will opt to keep the benchmark rate at 5.25 per cent, according to pricing
Pictured here on Sept. 7, 2023, are residential buildings under construction at the Tao Yuan Tian Jing project, developed by Evergrande in Yangzhou, China. Bloomberg | Bloomberg | Getty Images Shares of embattled Chinese property Evergrande hit an all-time low of 18.8 Hong Kong cents (2.4 U.S. cents) after a Hong Kong judge delayed the
El Salvador president Nayib Bukele has filed paperwork to be re-elected in the country’s upcoming 2024 presidential election in February. Bukele, a Bitcoin advocate, received strong support from the public on Oct. 26 after he was officially nominated by his party to run for re-election. “Five more [years], five more and not one step back,”
A record number of companies have dropped plans to list on Shanghai’s tech-focused stock market, with regulators raising the bar for initial public offerings in order to pick out domestic champions that can help Beijing’s drive towards technological self-sufficiency. Public records show 126 companies have cancelled or suspended IPO applications on Shanghai’s Star Market so
A record number of companies have dropped plans to list on Shanghai’s tech-focused stock market, with regulators raising the bar for initial public offerings in order to pick out domestic champions that can help Beijing’s drive towards technological self-sufficiency. Public records show 126 companies have cancelled or suspended IPO applications on Shanghai’s Star Market so
Israel responded to Hamas’s devastating assault on October 7 with the biggest mobilisation in the nation’s history. But when its tanks and troops finally entered Gaza this weekend, it was not the full-scale invasion some had expected. Current and former officials said the seemingly limited scope of Israel’s initial incursion — which Benjamin Netanyahu, the
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. A mob stormed the main airport in the southern Russian republic of Dagestan late on Sunday, brandishing Palestinian flags and reportedly searching for Israeli passengers from a flight that had landed from Tel Aviv earlier