The U.S. government has decided not to pursue a second trial against Sam Bankman-Fried, the disgraced founder of FTX. This decision was made due to the fact that much of the evidence that would have been presented in a second trial had already been submitted to the court during Bankman-Fried’s initial criminal trial. In November,
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Asia-Pacific markets experienced mixed results on the final trading day of 2023, as investors evaluated the implications of Xiaomi’s entry into the overcrowded electric-vehicle market in China. Xiaomi, a prominent consumer electronics company, revealed its plans to compete with automotive giants such as Tesla and Porsche by launching its first electric vehicle (EV). Despite spending
Asian-Pacific markets experienced mostly positive movements on Thursday. Australia’s stocks hovered near two-year highs, as the S&P/ASX 200 index rose 0.33%. This places it at its highest level since late April 2022, and it is set to end the year with a significant increase of 7.7%. The positive momentum in the Australian market indicates growing
The Chinese online gaming industry experienced a significant rebound in stock prices on Wednesday following the announcement by China’s top gaming regulator to “carefully study” the concerns of stakeholders regarding draft rules aimed at curbing excessive online gaming and spending. This article analyzes the implications of these regulations on the market and the recovery of
The vaping industry has experienced significant growth over the past decade, with health bodies advocating it as a smoking cessation tool while traditional cigarettes lose popularity. However, the vaping industry now faces a reckoning as governments attempt to restrict the sale of disposable vapes. Concerns about the rising number of young people and non-smokers becoming
A charter plane, which was initially intended to fly to Nicaragua, was unexpectedly grounded in a rural French airport for four days due to a human trafficking investigation. The airport in question, Vatry Airport in Champagne country, witnessed the departure of the plane destined for India with 276 Indians on board. Among the passengers, 25
Denmark’s leading shipping company, Maersk, is making preparations to restart its shipping operations in the Red Sea and the Gulf of Aden. This decision is in response to the deployment of a U.S.-led military operation aimed at ensuring the safety of commerce in the region. The company had temporarily halted sending vessels through the Bab
An incident involving around 300 Indian citizens heading to Central America unfolded at a French airport, leaving them sequestered for several days. The situation arose due to a tip suggesting that the passengers might be victims of human trafficking. Among those on board were children and families, including a 21-month-old toddler and several unaccompanied minors.
Tencent, along with other major players in China’s online gaming industry, experienced a staggering loss of approximately $43.5 billion in market value. This substantial decrease came as a surprise to financial markets following the release of draft guidelines by China’s National Press and Publication Administration. As a result, shares of Tencent, NetEase, and Bilibili, three
Cryptocurrency exchange Coinbase has recently obtained registration with the French markets regulator, allowing the company to expand its operations in another significant European market. This approval, known as a virtual asset service provider (VASP) registration, grants Coinbase the ability to offer a range of digital currency services in France. The move reflects the company’s commitment