Fed’s Powell says inflation battle not won, more rate hikes coming
WASHINGTON — The Federal Reserve will deliver more interest rate hikes next year even as the economy slips towards a possible recession, Fed Chair...
Bankman-Fried charges showcase US prosecutor’s growing role in crypto enforcement
NEW YORK — When he took office as the top federal prosecutor in Manhattan in late 2021, Damian Williams pledged to prioritize “rooting out...
China’s COVID spike not due to lifting of restrictions — WHO director
GENEVA — Coronavirus disease 2019 (COVID-19) infections were exploding in China well before the government’s decision to abandon its strict “zero-COVID” policy, a World...
‘Tough times’: Warnings sound over China’s ‘zero-COVID’ exit
BEIJING — A week after China began dismantling its tough ‘zero-COVID’ controls, the World Health Organization (WHO) warned of “very tough” times ahead and...
How a secret software change allowed FTX to use client money
IN MID-2020, FTX’s chief engineer made a secret change to the cryptocurrency exchange’s software.
He tweaked the code to exempt Alameda Research, a hedge fund...
Ukraine’s latest need: 50 million LED light bulbs to ease power shortfalls
WHILE Kyiv’s allies pledged more than $1 billion in aid on Tuesday, they also promised energy-efficient LED bulbs to ease power shortfalls and help...
New Zealand forecasts recession next year but a narrower budget deficit
WELLINGTON — New Zealand’s government on Wednesday forecast the country would enter a recession in 2023, even as the budget remained on target to move into surplus for the 2024/25 financial year.
Uncertain conditions await Bankman-Fried at Bahamas detention center
Prisoners faced rodents and a lack of toilets in the Bahamas detention center where Sam Bankman-Fried will be held, according to a 2021 US...
EU seeks firm words on Russia at first summit with ASEAN
BRUSSELS — The European Union and the Association of Southeast Asian Nations (ASEAN) meet for their first summit on Wednesday to deepen economic ties, with European leaders pressing for firm, shared language critical of Russia.
Global debt still well above pre-pandemic levels — IMF
WASHINGTON — Global public and private debt saw its biggest drop in 70 years in 2021 after reaching record highs because of the impacts...
HK drops curbs on incoming travelers, scraps COVID app
HONG KONG — Arrivals in Hong Kong (HK) will be free from COVID-19 movement restrictions from Wednesday and no longer barred from certain venues,...
NK spies deploy new tactic: Tricking foreign experts into writing research for them
SEOUL — When Daniel DePetris, a US-based foreign affairs analyst, received an email in October from the director of the 38 North think-tank commissioning...