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FTX founder Sam Bankman-Fried jailed after bail revoked
A US federal judge on Friday ordered FTX founder Sam Bankman-Fried back to prison after prosecutors argued he had violated the conditions of his bail and tampered with witnesses, less than two months before his trial.
Yellen sees 'resilience' in US economy even as it cools
US economic growth and wage gains should "serve as a source of resilience" moving forward even if the economy continues to cool, Treasury Secretary Janet Yellen said in remarks released Friday.
US to invest $1.2 bn in plants to pull carbon from air
The US government said Friday it will spend up to $1.2 billion for two pioneering facilities to vacuum carbon out of the air, a technology to combat global warming that is not universally praised by experts. The UN's International Panel on Climate Change considers capturing carbon dioxide directly from the atmosphere one of the methods necessary to combat global warming.
Preliminary audit report slams Lebanon central bank, governor
A preliminary forensic audit of Lebanon's central bank by professional services firm Alvarez & Marsal (A&M) has painted a damning picture of the institution under long-serving former governor Riad Salameh.
Musk says cage fight with Zuckerberg will be in Italy
Elon Musk said Friday that his much-hyped cage fight with Mark Zuckerberg would take place in Italy, as authorities there confirmed talks about hosting a "great charity event." Italian Culture Minister Gennaro Sangiuliano confirmed speaking to Musk about "how to organize a great charity event evoking history" but said any match "will not be held in Rome."
UK govt accuses striking doctors of harming patients
Hospital doctors in England on Friday launched their latest walkout as the government said their strike to demand a 35-percent pay increase served "only to harm patients". The strike action served "only to harm patients and put further pressure on their own colleagues", he added.
Bank tax hits investor confidence in Italian govt
Italian Prime Minister Giorgia Meloni's government watered down its surprise windfall tax on banks this week after a brutal market reaction, but the damage to investor confidence was done. "The haphazard manner of the announcement, where the government changed the terms of the tax at least three times in one day, will do little to restore investor confidence," added Scholtz.
Driverless taxis gain ground in San Francisco
California authorities took a major step forward Thursday in expanding driverless taxi services in San Francisco, giving the green light for operators Waymo and Cruise to compete with ride-share services and cabs.
Markets struggle again as US inflation fails to sooth rate worries
Asian markets mostly fell Friday as a below-forecast US inflation reading boosted hopes the Federal Reserve will hold interest rates next month but did little to dispel fears it could hike later in the year.
AFP
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