The founders of cryptocurrency hedge fund Three Arrows Capital, which saddled investors and lenders with potentially billions of dollars of losses when it imploded last year, are seeking money for a new venture. Judging by reactions on Crypto Twitter, they face an uphill battle.
Royal Mail said no personal data was compromised during a cyberattack detected last week, though the UK postal firm continues to grapple with the situation and letters and parcels are still not being exported.
Inflation in Europe may have peaked as the overall economic situation on the continent improves, European Commission Vice-President Valdis Dombrovskis said.
Russians became the top foreign buyers of real estate in Turkey last year, helping sustain the world’s hottest housing market by tripling their purchases as sanctions over the Kremlin’s invasion of Ukraine drove them to invest abroad.
Diesel drayage freight trucks are a major source of toxic emissions. Forum Mobility replaces them with electric models for a monthly fee.
French President Emmanuel Macron’s pension reform plan faces opposition from the country’s unions, a majority of its citizens, and now from the chairman of one the country’s banks.
The Pentagon is struggling to get China to resume military-to-military talks, according to a senior US defense official, underscoring continuing tensions between the two sides despite last year’s meeting between Presidents Joe Biden and Xi Jinping.
Investors’ sentiment for the German economy jumps to the highest level in almost a year, the latest evidence that confidence is building as a squeeze from soaring energy prices eases.
When US Secretary of Defense Lloyd Austin travels to Berlin on Jan. 19, he’ll meet for the first time with his new German counterpart, Boris Pistorius. Chancellor Olaf Scholz nominated Pistorius on Tuesday as the successor to Christine Lambrecht, who resigned from her post the day before following a series of missteps.
Opposition politicians and South Africa’s biggest labor union say they’re readying a lawsuit against the head of the state-owned power company and a government official that oversees it as blackouts cripple the nation.
