BUSINESS
The wild west of Crypto claims yet another victim as Binance buys out FTX
Rival billionaire Changpeng Zhao of Binance is buying him out. Zhao had earlier announced plans to sell Binance's $530 million stash of the FTX-run token FTT.
BUSINESS
What's Sunakism? Watch the capital gains tax rate
The runup to a budget this important inevitably involves some theater.
BUSINESS
Twitter layoffs will shrink free speech around the world: Mihir Sharma
In Brazil, a team of 150 was let go, according to Bloomberg Línea. Shortly after Elon Musk took over the company, the number of employees with the ability to suspend or ban an account for breaches of user policies was at least temporarily reduced from “hundreds” to about 15.
BUSINESS
Central banks in emerging markets are biggest gold buyers
That’s a line of thinking you might associate with cranky gold bugs, but it’s not a million miles away from the rationale behind fund flows in the precious metals market right now — and nations are in the driving seat.
BUSINESS
If you’ve had Covid, watch out for stroke symptoms
Scary reports started to surface in the spring of 2020 of young people suffering deadly strokes during or right after a Covid infection.
BUSINESS
Pakistan won’t quickly recover from Imran Khan’s shooting
The attack on Imran Khan is likely to put any political equilibrium out of reach for years. Khan, ousted as prime minister earlier this year, was in the middle of a “long march” meant to drum up support for early elections.
BUSINESS
The Fed should think in terms of a trilemma
While the market consensus for this week’s Fed policy meeting is heavily in favor of a record fourth consecutive 75-basis-point interest rate hike, views diverge significantly on what the Fed should signal about its future moves.
BUSINESS
How science can fix a different oil imbalance in India
There is, however, another imported oil the South Asian nation is addicted to: the one used for cooking. Indian kitchens spend $19 billion annually on Indonesian palm, Ukrainian sunflower and Argentinian soybean oil.
BUSINESS
New covid variants have arrived. How worried should you be?
Or not. These fear-mongering headlines and viral all-caps Tweets are counterproductive. They confuse and mislead the public about the dangers of the new omicron descendants. Worse, they potentially undermine a critical message: Covid vaccines still provide good protection against all of these variants.
BUSINESS
The rise and fall and rise of Jeremy Hunt
There are no parallels in British history. The nearest comparison for Hunt is Mario Draghi, the former president of the European Central Bank who was parachuted into power in Italy 2020 when Giuseppe Conte’s government collapsed.
BUSINESS
What economic clouds? Private aviation sees blue skies
Private-jet sales and flying activity have been robust since the pandemic hit in early 2020 and the wealthy eschewed commercial airliners.
BUSINESS
Microsoft layoffs won’t be the last for tech
Microsoft Corp. on Monday provided an omen of what’s to come, when it confirmed that it had cut jobs across multiple divisions including its Xbox unit, numbering under 1,000 people. That pullback follows news last week that Intel Corp. was planning thousands of job cuts in the face of a slump in PC sales.
BUSINESS
Smartphone apps bury the case for a pan-Asian currency
The debt crisis in southern Europe — and the threat it posed to the single currency in the early part of the last decade — ended that pipe dream.
BUSINESS
Liz Truss's fate lies in new chancellor Jeremy Hunt's hands
Downing Street spokesmen and cabinet ministers had earlier lined up to declare that any move to abandon her unfunded tax cuts was unthinkable and capitulation unimaginable.
BUSINESS
Kanye West made Adidas billions, but he can also destroy it
Kanye West, now known as Ye, commands an almost fanatical following. Up until now, that has been part of the appeal for companies that have collaborated with him. If Ye puts his name on something, it will sell.
BUSINESS
How do we fix Ben Bernanke's fixes? That's for a future Nobel
This year’s Nobel laureates in economics underscore the consequences of monetary policy
BUSINESS
World's economy needs a supply-side revolution
After shoveling money at people to increase demand, inflation has refocused developed nations on the need to increase supply — but no one agrees on how to do that
BUSINESS
OPEC+ is gambling with the global economy
The Saudi-Russian Oil Axis Snubs Biden With Production Cuts
BUSINESS
Ray Dalio closes the frontier for Hedge Funds: Aaron Brown
The founder of Bridgewater Associates, who is stepping back, helped usher in modern financial markets
BUSINESS
Mapping our genetic ties to Neanderthals deserved a Nobel
For example, in 2020 Pääbo and Hugo Zeberg found that having a specific Neanderthal gene variant may double the risk of dying from Covid-19.
BUSINESS
Why should Twitter, or investors, trust Elon Musk this time?
Musk’s decision to buy Twitter six months ago seemed based on little more forethought than his decisions to, say, tweet he was taking Tesla private (which got him into another legal mess, with the SEC) or make fun of Bill Gates’s body or claim his (not yet built) cybertruck can also be a boat. It’s not the kind of stuff normal CEOs do.
BUSINESS
British bungling makes it hard to be an anglophile: Pankaj Mishra
To be sure, nationalist histories in India, China, Egypt and many other countries long depicted the British ruling class as predatory and callously incompetent, plundering foreign lands for its wealth at home while inflicting immiseration on those it ruled abroad.
BUSINESS
Gordon Moore’s law keeps chip leaders ahead of the pack
In the space of just three pages, the director of semiconductor R&D at Fairchild Camera and Instrument Corp. outlined one of the most powerful observations in modern business and science.
BUSINESS
Tesla’s big batteries aren’t the fire problem. Lithium is
Blaming Elon Musk’s firm for a bad battery misses the point, however. Instead, we need to ask whether lithium-ion powerpacks — typically used in consumer electronics and electric vehicles — should be used for such energy storage at all. Just because these work well on a small scale doesn’t mean they’re appropriate for large set-ups.
