Turkey cancels Swedish minister’s visit as planned protests stoke tension

Turkey cancels Swedish minister’s visit as planned protests stoke tension

ISTANBUL/STOCKHOLM, Jan 21 (Reuters) – Turkish Defense Minister Hulusi Akar said on Saturday that a planned visit for next week by his Swedish counterpart to Ankara had been canceled after Swedish authorities allowed protests to take place. Stockholm. Protests planned in Stockholm later on Saturday were aimed at Turkey’s and Sweden’s efforts to join NATO, … Read more

Feds seized nearly $700 million from FTX founder Bankman-Fried

Feds seized nearly 0 million from FTX founder Bankman-Fried

Jan 20 (Reuters) – Federal prosecutors seized nearly $700 million in assets from FTX founder Sam Bankman-Fried in January, much of it in the form of Robinhood stock, according to a court filing on Friday. Bankman-Fried, who was accused of stealing billions of dollars from FTX clients to pay debts incurred by his crypto-focused hedge … Read more

Amazon’s AWS to invest $35 billion in Virginia

Amazon’s AWS to invest  billion in Virginia

WASHINGTON, Jan 20 (Reuters) – The cloud services division of Amazon.com Inc (AMZN.O) said on Friday it plans to invest an additional $35 billion by 2040 to expand data centers in Virginia. Amazon Web Services (AWS) said the new investment will create 1,000 jobs. Republican Virginia Governor Glenn Youngkin said AWS will establish multiple data … Read more

Year of the Rabbit? Not so fast! Vietnamese Lunar New Year to celebrate the cat

Year of the Rabbit?  Not so fast!  Vietnamese Lunar New Year to celebrate the cat

HANOI, Jan 20 (Reuters) – As China, Japan and other East Asian countries prepare to celebrate the start of the Lunar Year of the Rabbit on Sunday, the Vietnamese people will be an exception – welcoming instead the year of the cat. There is no official explanation as to when and why the Vietnamese adopted … Read more

Genesis Crypto Lending Unit Files For Bankruptcy In The US

Genesis Crypto Lending Unit Files For Bankruptcy In The US

Jan 20 (Reuters) – The loan unit of crypto firm Genesis filed for bankruptcy protection in the United States on Thursday, owing its creditors at least $3.4 billion, after being knocked down by a rout market with companies like FTX exchange and lender BlockFi. Genesis Global Capital, one of the biggest crypto lenders, froze client … Read more

China plays down COVID outbreak with full-throttle holiday rush

China plays down COVID outbreak with full-throttle holiday rush

Senior official says COVID is at ‘relatively low’ level Hospital, critical cases down, authorities say More than 2 billion trips expected for Lunar New Year Some fear the travel season will see a rise in infections BEIJING, Jan 20 (Reuters) – People across China crammed into trains and buses for one of its busiest travel … Read more

Hundreds evacuated as fire breaks out in slum next to Seoul’s upscale Gangnam district

Hundreds evacuated as fire breaks out in slum next to Seoul’s upscale Gangnam district

SEOUL, Jan 20 (Reuters) – A fire swept through part of a slum in the South Korean capital, Seoul, on Friday, destroying 60 homes, many made of cardboard and wood, and forcing the evacuation of around 500 people. Emergency services took five hours to extinguish the blaze, which broke out before dawn in Guryong Village, … Read more

Davos 2023: Intimidated Crypto Crowd Feels Winter Freeze at WEF

Davos 2023: Intimidated Crypto Crowd Feels Winter Freeze at WEF

DAVOS, Switzerland, Jan 19 (Reuters) – In the snow and ice on the main street of Davos, the impact of the crypto winter is evident for WEF attendees. Last May, the dressed storefronts that line both sides of Promenade Street that runs through the Swiss ski resort were dominated by crypto companies, rolling in bitcoin. … Read more

China says critical COVID cases have peaked as holiday travel surges

China says critical COVID cases have peaked as holiday travel surges

Millions travel across the country for Lunar New Year President Xi says he is worried about the elderly and rural areas Daily deaths could reach 36,000 next week, analysis finds Chinese drugmakers rush to make fever medicine BEIJING, Jan 19 (Reuters) – The number of COVID patients requiring intensive care in Chinese hospitals has peaked, … Read more

Crypto lender Genesis prepares to file for bankruptcy, reports Bloomberg News

Crypto lender Genesis prepares to file for bankruptcy, reports Bloomberg News

Jan 18 (Reuters) – Cryptocurrency lender Genesis Global Capital plans to file for bankruptcy as soon as this week, Bloomberg News reported on Wednesday, citing people with knowledge of the situation. A bankruptcy filing has been expected for weeks, after the company froze client redemptions on Nov. 16 following the fall of major cryptocurrency exchange … Read more