Vanguard finalizes China exit
Vanguard Group Inc. is taking the final steps to pull out of China and shut its presence in the 29 trillion yuan ($4 trillion) mutual fund market. Apparently, Vanguard is…
Maersk to cut at least 10,000 jobs as earnings fall by 80%
A.P. Moller-Maersk A/S, a bellwether for global trade, fell in value after the company said it would cut at least 10,000 jobs to protect its profitability in a shipping market…
Japan’s gas security at risk due to latest US sanctions
US sanctions on a major new Russian liquefied natural gas export plant threaten to jeopardize Japan’s energy security and possibly its relations with Western allies, Bloomberg notes. The US on…
Bankman-Fried convicted, could face 100+ years of prison time
Sam Bankman-Fried was convicted of a massive fraud that led to the collapse of the FTX exchange he owned. For each of the most serious charges, he faces up to…
US House passes bill on aid to Israel, but not Ukraine
The Republican-led House of Representatives approved a $14.3 billion military aid measure for Israel without mentioning Ukraine, despite a veto threat from President Biden. Besides no aid for Kiev, the…
DFSA approves TON, XRP
The Dubai Financial Services Authority (DFSA) has approved TON and XRP usage for the Dubai International Financial Center (DIFC). The green light from the DFSA allows licensed virtual asset firms…