John Ray III, the new CEO of collapsed crypto exchange FTX, has claimed that Sam Bankman-Fried’s crypto empire had virtually no corporate controls and a surprising lack of financial and other record-keeping.In prepared remarks released Monday ahead of his testimony, Ray, a bankruptcy expert who previously oversaw…

The Bank of England will carry out a first of its kind stress test of vulnerabilities in non-bank financial markets next year, after September’s implosion of UK pension funds exposed gaps in policymakers’ understanding of systemic risk in key markets.The BoE announced the exercise in…

The Ford F-150 Lightning was named MotorTrend’s 2023 Truck of the Year on Tuesday, making it the second electric pickup in a row to win that award. MotorTrend’s panel of judges lauded the F-150 Lightning as “the best-riding, best-handling, and best-driving F-150 yet.” Unlike other…

The writer is a senior research fellow at the Centre for European ReformGiven how much time EU leaders devote to discussing gas price caps, you would be forgiven for thinking that they are the solution to Europe’s energy woes. Another favourite: fretting about industrial competitiveness…

Anghami describes itself as the largest music streaming app for the Middle East and North Africa. Launched in Beirut in 2012 by Elie Habib and Eddy Maroun, it was quickly dubbed “the Spotify of the Middle East.” Now headquartered in Abu Dhabi, Anghami is growing…

Binance, the world’s largest cryptocurrency exchange, said Tuesday it is pausing withdrawals of the stablecoin USDC while it carries out a “token swap.”The move comes as investor concerns grow about Binance’s stability following the collapse of rival exchange FTX as well as a report of…