Almost four years after bursting onto the scene and gaining the recognition of more than 50 countries as the legitimate leader of Venezuela, Juan Guaido is set to be sidelined by opposition allies after failing to unseat President Nicolas Maduro.
Sam Bankman-Fried is on a flight to the US to face a litany of criminal charges tied to his role in the collapse of crypto exchange FTX after days-long legal drama in the Bahamas.
(Bloomberg) — Brazil’s congress approved a proposal that gives President-elect Luiz Inacio Lula da Silva an additional 168 billion reais ($32 billion) to spend next year, allowing him to pay for social welfare programs and other campaign promises.
The Japanese yen is losing popularity as a currency for international payments, allowing the Chinese yuan to narrow the gap in global usage.
Japan’s government still sees overall inflation remaining below the Bank of Japan’s 2% price target next fiscal year, despite accelerating price gains this year.
FTX, the bankrupt cryptocurrency exchange, used a token it invented to fund its takeover of trading platform Blockfolio, according to financial statements obtained by Bloomberg News.
(Bloomberg) — Micron Technology Inc., the largest US maker of memory chips, said the worst industry glut in more than a decade will make it difficult to return to profitability in 2023.
The UK economy probably tumbled deeper into recession in the final three months of the year as output in the private sector slowed sharply, a leading business group said.
Hong Kong’s notorious tiny apartments, sometimes no bigger than a parking space, have emerged as the biggest losers in the city’s property downturn.
Emerging Asia bonds have room to race ahead as central banks in the region look to have hit a rate-hike peak.
