Crypto exchange FTX is to start U.S. bankruptcy proceedings and CEO Sam Bankman-Fried is to step down, after a liquidity crisis at the cryptocurrency group that has prompted intervention from regulators around the world.
Retailers in Europe are having to strike a delicate balancing act with this year's Christmas displays: how to create enough festive sparkle to loosen cash-strapped customers' purse-strings, while acknowledging the impact of the energy crisis.
Tesla is considering exporting made-in-China electric cars to the United States, two people with knowledge of the planning told Reuters, a reversal that would reflect the automaker's deepening cost advantage at its Shanghai plant and slower demand from Chinese consumers.
Nigeria plans to grant a concession on its $1.3 billion hydropower plant now under construction and is seeking bids from private investors to operate the China-funded plant, authorities said on Friday.
Ukraine plans to build up a powerful military and defence industry including an "army of drones", and this week's state takeovers of privately-held stakes in strategic companies are part of that drive, Ukraine's defence minister said.
McDonald's restaurants in Belarus are set to be rebranded under a deal made public on Friday, five months after the U.S. fast food giant left neighbouring Russia over its invasion of Ukraine.
Belgium, Greece, Italy and Poland on Friday threatened to block a new set of European Union steps to alleviate an acute energy crunch because they are angry that a gas price cap is not among detailed proposals, diplomats said.
Argentina's central bank is set to hold the country's benchmark interest rate steady for a second consecutive month, a source close to the bank and analysts said, despite inflation remaining high and recent pressure on the peso currency.
