Changpeng Zhao, better known as CZ, the founder of Binance, the largest cryptocurrency exchange in the world, pleaded guilty to money laundering violations on Tuesday and agreed to pay a $50 mln
After raising more than $20 bln in funding rounds in 2021 and 2022, crypto startups find it difficult to get fresh capital these days. Although the entire market significantly recovered from the
By Craig Erlam The Bank of England used its monetary policy report hearing to once more push back against market expectations on rate cuts next year. A lot of the comments echoed
After a series of disappointing results in 2022, tech giants are bouncing back from their post-pandemic slumps. Although some fell short of expectations in terms of sales, GAFAM companies have more than
The Chancellor of the Exchequer’s plans to cut inheritance tax that will be announced next week have been branded as ‘half-baked and half-hearted’ by the CEO of a leading independent financial advisory
By Craig Erlam We saw a more muted session in financial markets on Thursday following a couple of days in which investors have been very encouraged by the economic data. Inflation figures
Pedro Sánchez was re-elected as Prime Minister by the Spanish Congress on Thursday and will likely lead a coalition government of the centre-left Partido Socialista Obrero Español (PSOE) and left Sumar parties.
By Craig Erlam We’ve seen quite a response to the US inflation report on Tuesday, with investors clearly buoyed by the miss on both the headline and core numbers. While in both
Despite low expectations for “a long list of outcomes,” markets will welcome US President Joe Biden’s highly anticipated meeting with Chinese President Xi Jinping on Wednesday in the San Francisco Bay area,
By Craig Erlam It’s been a relatively uneventful start to the week, but the next couple of days could be hugely important as the US and UK release inflation figures for October.
