Not long ago, FTX was one of the world’s largest trading platforms for cryptocurrencies. Founded in 2019, the Bahamas-based crypto exchange had a meteoric rise to prominence, and was valued at more than US$30 billion…
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© Reuters. FILE PHOTO: A woman takes a selfie in front of a wall lit with the sign of COP27, as the COP27 climate summit takes place, at the Green Zone in Sharm el-Sheikh, Egypt…
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Six descendants of Serranus Clinton Hastings, California’s first chief justice, and a group that says it represents alumni are suing the state of California over its decision to rename a nearly 150-year-old law school. The…
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Press enquiries: +41 61 280 8486press@fsb.org Ref: 35/2022 The Financial Stability Board (FSB) Regional Consultative Group for Europe met today in Lisbon to discuss global and regional economic and financial market developments, including recent…
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There’s an awkward, irksome problem with our understanding of nature’s laws which physicists have been trying to explain for decades. It’s about electromagnetism, the law of how atoms and light interact, which explains everything from…
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© Reuters. FILE PHOTO: Congresswoman Kathy Castor (D) speaks during the gala event of the Florida Democratic Party Leadership Blue 2022 convention in Tampa, Florida, U.S. July 16, 2022. REUTERS/Octavio Jones By Valerie Volcovici and…
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Herman Daly had a flair for stating the obvious. When an economy creates more costs than benefits, he called it “uneconomic growth.” But you won’t find that conclusion in economics textbooks. Even suggesting that economic…
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Press enquiries: +41 61 280 8486press@fsb.org Ref: 34/2022 The Financial Stability Board (FSB) published today a progress report to the G20 on enhancing the resilience of non-bank financial intermediation (NBFI), including a set of…
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On October 13 one of Australia’s largest medical insurers, Medibank, announced it had suffered a cyberattack – one which has resulted in the breached personal details of 9.7 million customers in Australia. We now know…
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2/2 © Reuters. FILE PHOTO: Cutouts depicting images of oil operations are seen outside a building of Venezuela’s state oil company PDVSA in Caracas, Venezuela January 28, 2019. REUTERS/Carlos Garcia Rawlins/File Photo 2/2 By Marianna…
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