Bloomberg Business

FTX co-founder Sam Bankman-Fried was accused by US regulators of carrying out a multi-year scheme to defraud investors.

Volkswagen AG said surging energy prices have hurt electric-car demand in Europe in recent months, though growth in the US is helping offset the slowdown.

The value of global trade is set to reach a new record this year, increasing by about 12% to an estimated $32 trillion, according to a UN report that signaled a slowdown heading into 2023.

The US Securities and Exchange Commission alleged in a court filing that Sam Bankman-Fried defrauded investors in FTX Trading Ltd., saying he was “orchestrating a massive, years-long fraud, diverting billions of dollars of the trading platform’s customer funds for his own personal benefit and to help grow his crypto empire.”

European Union nations reached a preliminary agreement to clear the way for Ukraine to receive aid from the bloc worth €18 billion ($19 billion), while French President Emmanuel Macron separately pledged $132 million of emergency help to the nation through the winter.

(Bloomberg) — The Bank of England said 4 million households will feel a significant increase in mortgage payments next year and a further 2 million by 2025, adding to headwinds facing the housing market.

Thyssenkrupp AG is increasing its submarine production capacity in Germany, the latest sign that Russia’s invasion of Ukraine is upending Europe’s security landscape.

Goldman Sachs Group Inc., UBS Group AG and Deutsche Bank AG are among banks profiting as the growth of Brazilian hedge funds forces them to look overseas to fuel returns.

Binance Holdings Ltd., the dominant cryptocurrency exchange, has been hit by large outflows as traders move to take custody of their tokens amid revelations that rival FTX may have misused customer funds before its November implosion.