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☆ Ukraine, Baltics rebuke Macron for suggesting 'security guarantees' for Russia
▼ + stars: | 2022-12-05 | by ( ) www.reuters.com time to read: +5 min

read moreUkrainian President Volodymyr Zelenskiy's top aide, Mykhailo Podolyak, said that it is the world that needs security guarantees from Russia, not the other way around. "Civilized world needs 'security guarantees' from barbaric intentions of post-Putin Russia," Podolyak said on Twitter on Sunday. "Someone wants to provide security guarantees to a terrorist and killer state?" "The only security guarantees we should focus on are essentially non-Russian," he said on his Twitter account. "After that, we are ready to sit down at the negotiation table and talk about security guarantees."

Knitowski borrowed $375,000 from crypto lender Celsius over several years and posted $1.5 million in bitcoin as collateral. Knitowski and thousands of other loan holders had more than $812 million in collateral locked on the platform, and bankruptcy records show Celsius failed to return collateral to borrowers even after they repaid their loans. Adler said he's representing a group of 75 borrowers who have approximately $100 million in digital assets on Celsius' platform. In the crypto world, a borrower can ask for a loan and pledge bitcoin as collateral. The crypto platform also failed to provide borrowers with a complete federal Truth in Lending Act (TILA) disclosure, according to former employees and an email sent to customers on July 4.

☆ Axelrod on 2024 primaries: If you're thinking of challenging Biden, 'forget about it'
▼ + stars: | 2022-12-03 | by ( ) edition.cnn.com time to read: 1 min

David Axelrod says the Democrats moving the first 2024 primary from Iowa to South Carolina shows Biden's intention to run in 2024. "I think the message here is, if you're an insurgent and thinking of challenging the President, forget about it, because there's not going to be an opportunity here to do that."

☆ Prince William gave a $1.2 million Earthshot prize to a startup that makes edible packaging from seaweed
▼ + stars: | 2022-12-03 | by ( Stephanie Stacey | ) www.businessinsider.com time to read: +3 min

Prince William awarded five Earthshot Prizes of $1.2 million on Friday to fund climate innovation. The prestigious Earthshot Prizes were awarded on Friday in Boston. Each winner will receive £1 million ($1.2 million) to develop their climate innovations. The star-studded ceremony, hosted by Prince William and Kate Middleton, had various celebrities in attendance including Billie Eilish, Ellie Goulding, Annie Lennox, Rami Malek, Catherine O'Hara, and David Beckham. The Earthshot Prizes were launched in 2020 by Prince William and Sir David Attenborough.

☆ Joe Biden honors French President Emmanuel Macron with a state dinner — again
▼ + stars: | 2022-12-01 | by ( David A. Andelman | ) www.nbcnews.com time to read: +5 min

PARIS — The White House is rolling out the red carpet for French President Emmanuel Macron — again. Though Macron was also honored with the first state dinner of Donald Trump’s presidency, the relationship between the two leaders devolved into tension that both Macron and Biden now are hoping to reverse. “We do not imagine that Congress, moreover, with a House of Representatives with a Republican majority, could fundamentally revise the IRA,” the Élysée official observed. Macron, and Europe more broadly, hope China can develop into more of a partner than a competitor, particularly with respect to trade. But above all, Macron is simply looking for some respect — or as the senior Élysée official put it, “Sovereignty.

☆ Factbox: Crypto companies crash into bankruptcy
▼ + stars: | 2022-12-01 | by ( Dietrich Knauth | ) www.reuters.com time to read: +5 min

The price of bitcoin has dropped 65% since the start of the year, the cryptocurrency Luna suffered a total collapse in value, and crypto exchange FTX went from buying Super Bowl ads to crash landing into bankruptcy. Here are the major crypto companies that have gone bankrupt in 2022. BLOCKFICrypto lender BlockFi was the first crypto company to follow FTX into bankruptcy, filing for Chapter 11 about two weeks after FTX's collapse. The proposed sale fell through following FTX's implosion, and Voyager reopened discussions with other potential buyers, including the crypto exchange Binance. Celsius' bankruptcy judge has appointed an examiner to investigate whether Celsius operated as a Ponzi scheme and to broadly review the company's finances.

☆ Snowy Kyiv grapples with power outages amid fears of new attacks
▼ + stars: | 2022-11-27 | by ( ) www.cnbc.com time to read: +2 min

The cold weather is gradually pushing up the energy needs of consumers even as repair workers race to fix wrecked power facilities, grid operator Ukrenergo said. Electricity producers are still unable to resume full power supply after Russia's missile attacks on Wednesday and have no choice but conserve energy by imposing blackouts, it said. Moscow has targeted vital infrastructure in recent weeks through waves of air strikes that have sparked widespread power outages and killed civilians. "If consumption increases in the evening, the number of outages may increase," Zelenskyy said in his nightly video address, reiterating an appeal to citizens to save power. "This once again shows how important it is now to save power and consume it rationally."

☆ In Mexico, Aztec dig sets new records as royal mystery deepens
▼ + stars: | 2022-11-24 | by ( David Alire Garcia | ) www.reuters.com time to read: +4 min

[1/10] A general view of the Templo Mayor where several ritual offerings have recently been found just off the steps of the Templo Mayor, the Aztec empire’s most sacred temple, in Mexico City, Mexico November 15 , 2022. MEXICO CITY, Nov 24 (Reuters) - An extensive cache of Aztec ritual offerings found underneath downtown Mexico City, off the steps of what would have been the empire's holiest shrine, provides new insight into pre-Hispanic religious rites and political propaganda. Archeologists believe Aztec priests carefully layered these offerings in the box within the elevated platform for a ceremony likely attended by thousands of rapt spectators amid the thunder-clap of drums. AZTEC WORLDVIEWTo date, no Aztec royal tomb has ever been found despite more than 40 years of digging around the Templo Mayor, where more than 200 offerings boxes have been found. Reporting by David Alire Garcia; Editing by Stephen Eisenhammer and Josie KaoOur Standards: The Thomson Reuters Trust Principles.

☆ No place for flowers: El Salvador's biggest lake swamped by trash
▼ + stars: | 2022-11-24 | by ( Jose Cabezas | ) www.reuters.com time to read: +2 min

LAKE SUCHITLAN, El Salvador, Nov 24 (Reuters) - A horse wades through a sea of plastic bottles, tin cans and green sludge that fills El Salvador's largest freshwater lake, stark images showing how a key drinking water source goes neglected even as global environmental concerns are on the rise. Known locally as Suchitlan, meaning "place of flowers" in the indigenous Nahuatl language, the Cerron Grande reservoir's ecosystem is home to native fish, waterbirds and mammals such as cougars and ocelots. [1/5] Members of "Piedra del Idioma" (Language Stone), a cooperative of fishermen and farmers, clean the the El Cerron Grande reservoir in Potonico, El Salvador September 14, 2022. REUTERS/Jose Cabezas 1 2 3 4 5The reservoir's mounting trash comes from the Lempa River, which flows from the Guatemalan highlands via neighboring Honduras, before settling in Cerron Grande, located at the foot of El Salvador's biggest hydroelectric dam. El Salvador is one of Latin America's poorest nations.

☆ At least 1 dead and several injured as twin blasts shake Jerusalem
▼ + stars: | 2022-11-23 | by ( Associated Press | ) www.nbcnews.com time to read: +3 min

The first explosion occurred near a bus stop on the edge of the city, where commuters usually crowd waiting for buses. There has been an uptick in recent weeks in Palestinian attacks. The twin blasts occurred amid the buzz of rush hour traffic and police closed part of a main highway leading out of the city, where the fist explosion went off. The Israeli army says most of the Palestinians killed have been militants. At least five more Israelis have been killed in Palestinian attacks in recent weeks.

The first explosion occurred at a bus station near the entrance to Jerusalem at 7:06 a.m., injuring at least 11 people, including the teen who later died, the spokesperson said. After a second explosion almost half an hour later at the city’s Ramot junction, at 7:30 a.m., three people were evacuated with minor injuries, police added. Mostafa Alkharouf/Anadolu Agency/Getty ImagesThe site of an explosion is pictured near a bus station at the Givat Sha'ul Junction, near the exit from the city of Jerusalem. Two paramedics from Magen David Adom, Israel’s Red Cross affiliate, said when they arrived at the bus station they found two seriously injured people lying on the ground. “We were at the MDA station by the entrance to the city when we heard a large explosion,” they said.

☆ If DeSantis doesn't get his 2024 decision timing right, he risks peaking too soon like Scott Walker or wasting his big moment like Chris Christie
▼ + stars: | 2022-11-23 | by ( Kimberly Leonard | Brent D. Griffiths | ) www.businessinsider.com time to read: +11 min

But as he faces a decision over whether to run for president in 2024, DeSantis shares far more similarities with two other ex-GOP frontrunners: Former Govs. Like DeSantis, Walker and Christie once seemed like inevitable frontrunners for the White House. Walker seized the moment, while Christie let his moment pass. "That's a huge difference in my opinion in terms of that moment," DuHaime said. "There was a moment for Christie in 2012 and there is a moment for Ron DeSantis in 2024.

☆ Brazil's electoral court rejects Bolsonaro election challenge
▼ + stars: | 2022-11-23 | by ( ) www.reuters.com time to read: 1 min

BRASILIA, Nov 23 (Reuters) - The head of Brazil's electoral court Alexandre de Moraes on Wednesday rejected a complaint from President Jair Bolsonaro's party to challenge October's run-off vote, which the incumbent lost my a narrow margin, according to a court document. Moraes, who's also a Supreme Court justice, also fined the parties in Bolsonaro's coalition to the tune of 22.9 million reais for what the court described as bad faith litigation, the document showed. Reporting by Ricardo Brito; Writing by Peter Frontini; Editing by David Alire GarciaOur Standards: The Thomson Reuters Trust Principles.

☆ Comedian Sinbad is learning to walk again 2 years after having a stroke, his family says
▼ + stars: | 2022-11-22 | by ( Drew Weisholtz | ) www.nbcnews.com time to read: +2 min

His initial prognosis was good before he suffered another blood clot the next day, so he underwent the same surgery again. He was taken to a different hospital, where doctors said he was experiencing brain swelling, his family said. The road to recovery became unclear and extremely difficult for the family to navigate,” the family said. The more time passed the more the family learned how much had been lost.”The family said Sinbad spent months going to different facilities and was taken off a ventilator. “On July 7, 2021, nearly nine months after the initial stroke, Sinbad finally came home.

Companies Ledgerx LLC FollowNov 21 (Reuters) - The Golden State Warriors were sued on Monday by an FTX customer who accused the reigning National Basketball Association champions of fraudulently promoting the now-bankrupt cryptocurrency exchange. The Warriors last December had named FTX its official cryptocurrency platform, in what it called a first-of-its-kind cryptocurrency partnership in professional sports. The lawsuit seeks damages under California consumer laws for customers outside the United States with FTX yield-bearing accounts. Another NBA team, the Miami Heat, on Nov. 11 said it would drop the FTX name from its arena and seek a new naming sponsor. The Heat is not a defendant in the Miami lawsuit.

☆ Binance drops new ad with Cristiano Ronaldo as FTX celeb endorsers like Tom Brady and Steph Curry face a lawsuit
▼ + stars: | 2022-11-21 | by ( Phil Rosen | ) www.businessinsider.com time to read: +2 min

Binance launched its first global marketing campaign, and it features soccer star Cristiano Ronaldo. As the World Cup begins, Ronaldo is launching is first NFT collection under the Binance partnership. Meanwhile, FTX celebrity endorsers like Steph Curry and Tom Brady are facing a lawsuit for promoting the fallen crypto exchange. As the World Cup begins, the ad campaign coincides with Ronaldo's non-fungible token collection that became available on Friday as part of a multiyear partnership with Binance. The Ronaldo deal also comes as investors filed a lawsuit against pro athletes who promoted FTX, including Tom Brady, Steph Curry, David Ortiz, as well as celebrities like Larry David and Kevin O'Leary.

☆ Chile's SQM profits jump more than ten-fold on lithium price surge
▼ + stars: | 2022-11-17 | by ( ) www.reuters.com time to read: +2 min

Sales volumes for lithium and derivatives totaled 41,000 tonnes, the highest quarterly volume ever reported by the company, SQM said in its earnings report. "Our positive results in the lithium market were due to sales volumes and prices significantly above average," the company said. Average lithium prices rose to record levels during the quarter at more than $56,000 per tonne, the company said. Revenues for iodine and its derivatives nearly doubled to reach $215 million, the company said, as sales rose 9%. Albemarle (ALB.N), the world's top lithium producer, also reported a surge in sales earlier this month.

☆ Profits for Chile's SQM surge more than ten fold in third quarter
▼ + stars: | 2022-11-17 | by ( Kevin Buckland | ) www.reuters.com time to read: +1 min

Nov 16 (Reuters) - Chilean miner SQM, the world's No. 2 lithium producer, posted on Wednesday a ten-fold jump in third-quarter net profit compared to the year-ago period, landing at $1.1 billion and boosted by sky-rocketing lithium prices and record sales volumes. Sales volumes for lithium, a key rechargeable battery metal, and derivatives totaled 41,000 metric tonnes, the highest quarterly volume ever reported by the company, SQM said in its earnings report. "Our positive results in the lithium market were due to sales volumes and prices significantly above average," the company said. Reporting by Carolina Pulice; Editing by David Alire GarciaOur Standards: The Thomson Reuters Trust Principles.

☆ Googlers are making memes to deal with the looming threat of job cuts
▼ + stars: | 2022-11-17 | by ( Matt Weinberger | ) www.businessinsider.com time to read: +4 min

Meanwhile, former Yahoo CEO and one-time Google exec Marissa Mayer is sounding the alarm bell that the web itself could be degrading in quality. Google employees meme past the graveyard. Elon Musk fired as many as two dozen Twitter employees this week who had criticized his leadership style. Now, Twitter employees are deleting internal Slack messages they fear Musk won't like, so as to avoid his wrath. A Twitter exec went so far as to warn employees to use Slack "wisely."

"It was like a bomb went off in that place," Patrick Hillmann, Binance CSO, told CNBC on Thursday. It was money that FTX didn't have, because it was using client deposits for other purposes. "Somehow they were always spending more and more and more and more money," Hillmann said. Hillmann said that early on there were some concerns with FTX and its unsavory relationship with Alameda Research, Bankman-Fried's hedge fund. WATCH: Binance decided FTX was beyond saving after two-hour review of balance sheet

☆ Next three months the best time to get into munis, says NewFleet's David Albrycht
▼ + stars: | 2022-11-17 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNext three months the best time to get into munis, says NewFleet's David AlbrychtDavid Albrycht, NewFleet Asset Management president, joins 'Closing Bell: Overtime' to discuss opportunities in the fixed income sector.

Nov 16 (Reuters) - U.S. crypto investors sued FTX founder Sam Bankman-Fried and several celebrities who promoted his exchange including NFL quarterback Tom Brady and comedian Larry David, claiming they engaged in deceptive practices to sell FTX yield-bearing digital currency accounts. The proposed class action filed on Tuesday night in Miami alleges that FTX yield-bearing accounts were unregistered securities that were unlawfully sold in the United States. When the crypto exchange faltered on liquidity concerns, U.S. investors sustained $11 billion in damages, the lawsuit says. The lawsuit seeks damages from Bankman-Fried and 11 athletes and other celebrities who promoted FTX, including David, the creator of "Seinfeld" and "Curb Your Enthusiasm." Sean Masson, an attorney at Scott+Scott who represents crypto investors in the EMAX case, said investors have used the Florida unfair trade law to target crypto promoters in lawsuits that are pending.

☆ Tom Brady, Larry David and other celebrities named in FTX lawsuit
▼ + stars: | 2022-11-16 | by ( Minyvonne Burke | Minyvonne Burke Is A Senior Breaking News Reporter For Nbc News. | ) www.nbcnews.com time to read: +3 min

A class-action lawsuit filed Tuesday alleges that the crypto platform FTX and former CEO Sam Bankman-Fried violated Florida law, misled customers and cost investors billions of dollars in damages. Garrison says he lost money after the crypto exchange was forced to stop customers from withdrawing funds. The suit blames Bankman-Fried and the bevy of celebrities who promoted the company for the losses suffered by the investors. Also named in the lawsuit is Larry David, the "Curb Your Enthusiasm" star who appeared in a Super Bowl commercial for FTX. Larry David stars in a Super Bowl commercial for the cryptocurrency exchange FTX.

☆ IMF sees Nicaragua's economy expanding by 3% next year
▼ + stars: | 2022-11-16 | by ( ) www.reuters.com time to read: +1 min

Nov 16 (Reuters) - Nicaragua's economy is forecast to grow 3% in 2023, down from expected growth of 4% this year, the International Monetary Fund said in a statement released on Wednesday, adding its economic outlook is favorable despite global risks going forward. "Nicaragua's economic outlook is favorable, although risks to the outlook are on the downside, primarily due to global headwinds," the IMF said in a statement after concluding a mission in the country. The IMF said real GDP growth is expected to moderate to 3% in 2023 due to weaker external demand and tighter external financial conditions. After contracting by about 9% during 2018-2020, Nicaragua's economic activity is recovering well, supported by appropriate macroeconomic and financial policies and substantial pre-crisis buffers from government deposits and international reserves, the fund added. The IMF underscored that Nicaragua still needs to maintain prudent monetary, fiscal, and financial policies in order to "build resilience" and achieve sustained medium-term growth.

☆ Investors have filed a lawsuit against FTX celeb endorsers like Tom Brady, Steph Curry, and Larry David
▼ + stars: | 2022-11-16 | by ( Nathan Mcalone | ) www.businessinsider.com time to read: +2 min

Investors have filed a lawsuit against celebs who promoted the defunct crypto exchange FTX. The suit names celebs who range from sports stars like Tom Brady and Steph Curry to Larry David. FTX, which filed for bankruptcy on Friday, had invested millions in promotions like high-profile partnerships with celebs, sponsorships including the Miami Heat's FTX Arena, and deals with finance influencers. Several finance influencers who promoted FTX have apologized to their fans in recent days, including YouTuber Graham Stephan, Insider previously reported. FTX and representatives for Brady, Curry, Ortiz, David, and O'Leary did not immediately respond to Insider's request for comment.

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