Why visiting Richard Serra’s East-West/West-East in Qatari desert requires real commitment

Why visiting Richard Serra’s East-West/West-East in Qatari desert requires real commitment

People overlook famous American artist Richard Serra’s ‘East-West/West-East’ art as it stands in a desolate section of the Brouq nature reserve in Qatar’s northwestern desert. The Four steel plates, each 14 meters high, span a one-kilometre stretch of the desert.Nathan Denette/The Canadian Press To get to Richard Serra’s East-West/West-Eastyou drive west out of Doha, hit … Read more

EU agrees $60 Russian oil price cap, holdout Poland backs deal

EU agrees  Russian oil price cap, holdout Poland backs deal

Poland backs price cap after seeking extra conditions EU countries to formally approve the deal this weekend G7’s price cap aims to cut Russia’s oil income BRUSSELS, Dec 2 (Reuters) – The European Union on Friday agreed on a $60 per barrel price cap on Russian seaborne crude oil, after holdout Poland gave its support, … Read more

Crypto meltdown a boon for bankruptcy lawyers

Crypto meltdown a boon for bankruptcy lawyers

Dec 2 (Reuters) – Turmoil in the cryptocurrency industry has rattled major exchanges and sent the value of digital assets tumbling, but at least one group stands to gain: bankruptcy lawyers. High-profile bankruptcies involving crypto exchange FTX, hedge fund Three Arrows Capital and crypto lenders BlockFi, Celsius Network and Voyager Digital Ltd are generating new … Read more

Musk set to finally take wraps off Tesla truck – to tough crowd

Musk set to finally take wraps off Tesla truck – to tough crowd

SAN FRANCISCO, Dec 1 (Reuters) – Tesla (TSLA.O) is set to unveil on Thursday its long-delayed Semi, an 18-wheeler heavy duty vehicle that has faced skepticism from industry experts who doubt battery electric trucks can take the strain of hauling hefty loads for hundreds of miles. The launch marks the electric carmaker’s first foray into … Read more

EU proposal would send proceeds of frozen Russian funds to Ukraine

EU proposal would send proceeds of frozen Russian funds to Ukraine

Russia must pay for devastation in Ukraine, von der Leyen says Proposal includes fund to invest Russian cbank liquid assets The assets would be returned to owners once sanctions lifted Frozen funds include $300 bln of Russia’s foreign reserves Moscow says such a move would amount to theft BRUSSELS, Nov 30 (Reuters) – The European … Read more

Sam Bankman-Fried says he ‘didn’t ever try to commit fraud’

Sam Bankman-Fried says he ‘didn’t ever try to commit fraud’

NEW YORK, Nov 30 (Reuters) – Sam Bankman-Fried, the founder and former CEO of now-bankrupt crypto exchange FTX, attempted to distance himself from suggestions of fraud in his first public appearance since his company’s collapse stunned investors and left creditors facing losses totaling billions of dollars. Speaking via video link at the New York Times’ … Read more

The yuan’s the new dollar as Russia rides to the redback

The yuan’s the new dollar as Russia rides to the redback

Russia turns to the Chinese currency amid sanctions Moscow becomes No.4 offshore trading center for yuan Yuan’s share of Russian FX market jumps from 1% to 45% Russian central bank supports trend but warns of risks This content was produced in Russia where the law restricts coverage of Russian military operations in Ukraine MOSCOW/SHANGHAI, Nov … Read more

Trump rebuffed by judge in New York fraud lawsuit, trial date set

Trump rebuffed by judge in New York fraud lawsuit, trial date set

NEW YORK, Nov 22 (Reuters) – A New York judge has scheduled an October 2023 trial to form US President Donald Trump, three of his adult children and the Trump Organization in a lawsuit brought by New York Attorney General Letitia James accusing them of fraudulently overvaluing the real estate company’s assets and Trump’s net … Read more

NBA champion Golden State Warriors are sued over FTX collapse

NBA champion Golden State Warriors are sued over FTX collapse

Nov 21 (Reuters) – The Golden State Warriors were sued on Monday by an FTX customer who accused the reigning National Basketball Association champions of fraudulently promoting the now-bankrupt cryptocurrency exchange. Elliott Lam, a Canadian citizen and Hong Kong resident, filed his proposed class-action lawsuit in San Francisco federal court on behalf of “thousands, if … Read more

Qatar seals 27-year LNG deal with China as competition heats up

Qatar seals 27-year LNG deal with China as competition heats up

Talks with other Chinese, European buyers ongoing -Kaabi Says buyers may take up to a 5% stake in expansion Says deal signals importance of secure long-term supply DOHA, Nov 21 (Reuters) – QatarEnergy has signed a 27-year deal to supply China’s Sinopec with liquefied natural gas in the longest such LNG agreement to date as … Read more