FTX’s Sam Bankman-Fried cashed out $300 million during funding spree – WSJ

FTX’s Sam Bankman-Fried cashed out 0 million during funding spree – WSJ

Nov 18 (Reuters) – FTX founder Sam Bankman-Fried sold a stake in the company worth $300 million when the crypto exchange raised capital last year, the Wall Street Journal reported on Friday, citing the firm’s financial records and people familiar with the transaction. At the time, Bankman-Fried told investors it was a partial reimbursement of … Read more

Tesla EVs ranked worst in annual reliability survey by Consumer Reports

Tesla EVs ranked worst in annual reliability survey by Consumer Reports

Nov 15 (Reuters) – Electric vehicles (EVs) from Tesla Inc (TSLA.O) and other brands were among the least reliable vehicles in the United States, Consumer Reports magazine’s annual reliability survey showed on Tuesday. Although EVs and full-size pick up trucks enjoy the hottest demand in the market, they are the “most problematic”, the nonprofit organization … Read more

Factbox: From Binance to Voyager, crypto firms’ exposure to FTX is coming to light

Factbox: From Binance to Voyager, crypto firms’ exposure to FTX is coming to light

LONDON, Nov 14 (Reuters) – After major crypto exchange FTX filed for US bankruptcy protection on Friday, the crypto industry is bracing for further fallout. Some of FTX’s investors have said they are writing their investment down to zero. Other crypto firms may be exposed to FTX by having held tokens on the exchange or … Read more

Alameda, FTX executives knew crypto exchange was using customer funds – WSJ

Alameda, FTX executives knew crypto exchange was using customer funds – WSJ

Nov 12 (Reuters) – FTX-affiliated crypto trading firm Alameda Research’s Chief Executive Officer Caroline Ellison and senior FTX officials knew that the crypto exchange had lent Alameda its customer funds to help meet liabilities, the Wall Street Journal reported on Saturday. Reuters reported Friday that FTX founder and former CEO Sam Bankman-Fried had secretly transferred … Read more

FTC watching Twitter security execs exits with ‘deep concern’

FTC watching Twitter security execs exits with ‘deep concern’

Nov 10 (Reuters) – The US Federal Trade Commission said on Thursday it was watching Twitter with “deep concern” after the social media platform’s top privacy and compliance officers quit, potentially putting it at risk of violating regulatory orders. The company’s chief security officer Lea Kissner on Thursday in a tweet said that she quit. … Read more

Musk sells Tesla shares worth $3.95 bln days after Twitter takeover

Musk sells Tesla shares worth .95 bln days after Twitter takeover

Nov 8 (Reuters) – Tesla Inc (TSLA.O) Chief Executive Officer Elon Musk has sold 19.5 million shares of the electric vehicle maker worth $3.95 billion on Tuesday, according to US securities filings, days after he completed the $44 billion takeover of Twitter Inc. Musk, the world’s richest man, had about $20 billion in cash after … Read more

UK to announce US gas deal after climate change summit -Telegraph

UK to announce US gas deal after climate change summit -Telegraph

Nov 7 (Reuters) – British Prime Minister Rishi Sunak is poised to announce a major natural gas deal with the United States after the COP27 climate change summit, the Telegraph newspaper reported on Monday. Britain hopes the United States will promise about 10 billion cubic meters of liquefied natural gas (LNG) over the coming year, … Read more

Exxon strikes oil again in Guyana with two new discoveries

Exxon strikes oil again in Guyana with two new discoveries

Oct 26 (Reuters) – Exxon Mobil Corp (XOM.N) has made two new discoveries at the Sailfin-1 and Yarrow-1 wells in the Stabroek block offshore Guyana, the oil major said on Wednesday, potentially adding more barrels to one of the most closely watched new oil discoveries. Exxon did not disclose how much crude oil or gas … Read more

Western officials finalizing plans for Russia oil-price cap

Western officials finalizing plans for Russia oil-price cap

WASHINGTON, Oct 26 (Reuters) – US and Western officials are finalizing plans to impose a cap on Russian oil prices amid a warning from the World Bank that any plan will need active participation of emerging market economies to be effective. Officials said no price range has been decided yet, however one person familiar with … Read more

WHO says COVID-19 is still a global health emergency

WHO says COVID-19 is still a global health emergency

Oct 19 (Reuters) – The World Health Organization said on Wednesday that COVID-19 remains a global emergency, nearly three years after it was first declared as one. The WHO’s emergency committee first made the declaration for COVID-19 on Jan 30, 2020. Such a determination can help accelerate research, funding and international public health measures to … Read more