Economy

Sam Bankman-Fried’s business empire includes billions of dollars of illiquid venture capital investments, according to internal records seen by the Financial Times, including exposure to Elon Musk’s SpaceX and Boring Company.The…
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WASHINGTON—The Biden administration is narrowing its targets for a barrage of economic sanctions against Russia if it attacks Ukraine—hitting major Russian banks, state companies and needed imports, though the strategy faces obstacles…
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Text size "Fallen angel" corporate bonds are less sensitive to interest-rate…
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Just before you reach Chimbote, a seaside city 260 miles (420km) north of the Peruvian capital Lima, you can smell it. It’s like the whiff of a fishmonger’s stall on a hot afternoon. For Peruvians, it’s synonymous with a bad pong;…
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BlockFi, a cryptocurrency lender that targeted ordinary investors eager for a piece of the crypto mania, filed for bankruptcy on Monday, felled by its financial ties to FTX, the embattled exchange whose recent downfall has shaken the…
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UK claimant count change arrived at -43.3K in December. The unemployment rate in the UK dropped to 4.1% in November. The UK wages excluding bonuses fell to 3.8% YoY 3.8% expected. The Office for National…
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A majority of Americans believe the Biden administration has not focused enough on the economy and inflation, and 50 percent say the president’s first year in office has left them feeling “frustrated,” a new poll…
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Serbia revokes Rio's lithium exploration licencesShare prices drop as cancellation seen as major setbackCancellation will mean greater shortage of lithium - analystMELBOURNE, Jan 21 (Reuters) - Shares in Rio Tinto tumbled on Friday after…
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LONDON — U.K. inflation came in slightly below expectations at 10.7% in November, as cooling fuel prices helped ease price pressures, though high food and energy prices continued to squeeze households and businesses.Economists polled by…
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But even a deal that funnels some money into a humanitarian trust fund for Afghanistan seems unlikely to shore up Afghanistan’s central bank, which needs foreign currency to perform its core functions. The bank, which is modeled on the…
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