Author: Press Room

Crypto exchange Huobi Global has revealed plans to cut hundreds of jobs amounting to about a fifth of its workforce in the wake of last year’s implosion of competitor FTX. Huobi, which is one of the world’s most prominent digital asset companies and was founded in China, said the job cull came as a result of the “bear market” in crypto, adding that it would seek to maintain a “very lean team”. Describing the job cuts as “personnel optimisation”, the company said the move was taken “to implement the brand strategy, optimise the structure [and] improve efficiency”.Huobi is the third…

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A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link. We’re in the salad days of the New Year — that period where many feel refreshed and motivated and perhaps even optimistic about the year to come. There’s a certain clarity that comes during this time in January. That said, the big question weighing on everyone’s mind is whether or not the United States will enter a recession this year. And there are…

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Elliot Abery, 11, who has autism and suffers with anxiety, has formed an incredible bond with his cat called Chicken. His feline friend calms him down when he faces any kind of stressful situation Chicken is a very special tortoiseshell cat who has formed an incredible bond with her young owner. The 10-year-old moggy acts as a support companion to Elliot Abery, 11, who has autism and suffers with anxiety. Just talking about his faithful feline friend is enough to calm Elliot when he faces any kind of stressful situation and when he needs some peace and quiet but doesn’t…

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Write a love song about them! Luke Bryan and wife Caroline “Lina” Bryan (née Boyer) have been going strong since tying the knot in 2006. “Luke and Caroline are known as one of the most solid couples in Nashville,” a source exclusively reveals in the latest issue of Us Weekly. “They’re so proud of the life they’ve built for themselves and wouldn’t change it for the world.” The Best Bad Influence founder, 43, is “super supportive” of her husband, 46, and his career, the insider says, noting that Luke is “very doting” when it comes to his relationship with Caroline.…

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Hello and welcome to the first 2023 edition of the FT’s Cryptofinance newsletter. This week, we’re taking a look at whether crypto turned over a new leaf after a grim 2022. Spoiler alert: it did not.Some of the crypto industry’s biggest names have been embroiled in clashes with regulators and prosecutors in the opening days of 2023, showing the issues that plagued the sector in 2022 are already spilling into the new year.“Reality never resets on January 1, and that truth applies to crypto. The shake out will continue — there will be more shoes to drop, more victims of…

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Chief Brand Officer and TV Personality of WWE, Stephanie McMahon delivers her keynote address at the opening of Sports Matters in conjunction with All That Matters 2016 in Singapore on September 14, 2016.Roslan Rahman | AFP | Getty ImagesCheck out the companies making headlines in premarket trading.World Wrestling Entertainment — Shares advanced 9.7% after Vince McMahon elected himself executive chairman of the company despite retiring last year due to a sexual misconduct scandal.Bed Bath & Beyond — The retailer dropped 12.4%, building on the sharp losses seen Thursday, after management said the company is low on cash and considering bankruptcy.…

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Los Angeles police officers shot and killed a man who approached them with a sharp object, officials said.The officers responded Tuesday in South LA and encountered the man clutching a metal object about a foot long, according to the Los Angeles Police Department.”After telling the suspect to drop the metal object several times, he did not and approached the officers, at which time an officer involved shooting occurred,” the department said in a statement.IDAHO MURDER SUSPECT: WHO IS BRYAN CHRISTOPHER KOHBERGER The unidentified man was struck by gunfire and taken to a hospital, where he later died, the statement said.No…

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Securities Commission of the Bahamas says debtors of the bankrupt cryptocurrency exchange had ‘incomplete information.’The Securities Commission of the Bahamas (SCB) has rebuffed FTX’s claims about the digital assets of its Bahamas unit held by the regulator, saying the debtors of the bankrupt cryptocurrency exchange had “incomplete information”. Last month, the SCB said it had seized more than $3.5bn in cryptocurrency from the unit, FTX Digital Markets, which it was holding for future repayment to customers and other creditors. FTX disputed SCB’s calculations, saying its digital assets seized in November were worth just $296m and not $3.5bn. “Such public assertions…

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