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Draft deal critcized for paving the way to ‘climate hell’

Around 35,000 delegates from nearly 200 countries are expected to convene in the Red Sea resort town of Sharm el-Sheikh to discuss collective action to tackle the climate emergency. Ahmad Gharabli | Afp | Getty Images As talks at the COP27 climate summit enter the final stretch, government ministers and …

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FTX suggests Sam Bankman-Fried transferred assets to Bahamas government custody after bankruptcy: Filing

Sam Bankman-Fried, founder and chief executive officer of FTX Cryptocurrency Derivatives Exchange, speaks during an interview on an episode of Bloomberg Wealth with David Rubenstein in New York, US, on Wednesday, Aug 17, 2022. Jeenah Moon | Bloomberg | Getty Images FTX in a bombshell emergency court filing Thursday said …

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More protesters in Iran sentenced to death as political unrest persists

People hold up images and placards during a demonstration in honor of Jina Mahsa Amini and the other protesters killed at The Place Joachim du Bellay in Paris, on November 13, 2022. Nurphoto | Nurphoto | Getty Images Iran’s judiciary issued three more death sentences to people who were involved …

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FTX collapse an example of ‘greed and FOMO,’ says short-seller Carson Block

Carson Block, founder of short selling investment firm Muddy Waters, thinks the collapse of cryptocurrency exchange FTX under Sam Bankman-Fried is a “great example of greed and FOMO.” Block told CNBC’s “The Exchange” he had seen the business trajectory of the former billionaire and thought there was “obviously something wrong.” …

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Taylor Swift Ticketmaster fiasco is fault of demand, bots, Liberty Media CEO says

Now we got bad bots. The CEO of Liberty Media, Live Nation’s largest shareholder, defended the event promoter against calls that it should be broken up following a storm of glitches and site failures during Ticketmaster presales this week for Taylor Swift’s upcoming tour. Live Nation is sympathetic to fans …

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Russia-Ukraine war is most important factor hurting growth

The war in Ukraine is the “single most important negative factor” for the world economy this year — and most likely for 2023 as well, IMF chief Kristalina Georgieva told CNBC Wednesday.  “We judge the war in Ukraine to be the single most important negative factor for the world economy …

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There’s no win-win situation in fragmented world

Singapore won’t take sides in geopolitical conflicts and will instead take positions that support the rule of law, the country’s Education Minister Chan Chun Sing said in his keynote address at the Morgan Stanley Asia Pacific summit in Singapore on Wednesday. He said the world should remain interdependent despite pressures …

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Malaysia election set to be a battleground of uncertainty

Senior statesman Mahathir is running his own coalition of four parties, Gerakan Tanah Air which will be contesting 125 seats. Nurphoto | Nurphoto | Getty Images The historic win by Malaysia’s largest opposition party in 2018 is fading fast. Political experts are predicting more drama at the country’s upcoming general …

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Nvidia (NVDA) earnings Q3 2023

NVIDIA DRIVE Thor, the company’s next-generation centralized computer for autonomous and assisted driving and in-car infotainment, is shown in a handout image obtained September 20, 2022. Nvidia | via Reuters Nvidia reported fiscal third-quarter results on Wednesday for the period ending in October with sales beating analyst expectations but earnings …

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Gemini, BlockFi, Genesis announcing new restrictions as FTX contagion spreads

FTX logo with crypto coins with 100 Dollar bill are displayed for illustration. FTX has filed for bankruptcy in the US, seeking court protection as it looks for a way to return money to users. Jonathan Raa | Nurphoto | Getty Images In the latest fallout from FTX’s rapid collapse last week, …

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