Attorneys for the defunct cryptocurrency exchange FTX claim to have found $5 billion worth of the company's liquid assets, including cash, cryptocurrencies, and investment products, allowing for the use of the proceeds to compensate the affected customers. FTX filed for bankruptcy in November 2022....

According Bloomberg News, Credit Suisse is pondering reducing its incentive pool for 2022 by 50%. Thus, despite numerous scandals and significant losses, the Swiss bank is still working to turn around its failing operations. The bank did not respond. At 11.01 GMT, the bank's shares were trading up...

According to local union ACV Puls and Belgian news outlet Belga, Ryanair is closing its base at Brussels Airport. 59 employees may be in danger of losing their jobs, the newspaper reports. The Irish low-cost carrier uses Brussels Airport for two of its planes. South of Brussels, at Charleroi...

The private aviation market, which saw a rise in demand during the COVID restrictions of 2020–2021, witnessed growth in 2022, when the majority of the restrictions were repealed and mass passenger travel by conventional airlines resumed. According to speciality company WingX, reported by the...

Mercedes-Benz is expecting to clock double-digit growth in sales in India this year, despite concerns that a weaker rupee will raise car prices, according to the head of the company's local unit.   According to Santosh Iyer, managing director for Mercedes-Benz India, the German luxury...

AstraZeneca announced on Monday that it has agreed to buy CinCor Pharma Inc, a biopharmaceutical firm based in the United States, for up to $1.8 billion in order to strengthen its pipeline of heart and kidney drugs and expand beyond its core cancer business.   AstraZeneca said it will pay...

According to the Financial Times, the American company Apple has started employing staff in India as it gets ready to open the first of its flagship stores there. As Apple is preparing to launch its first flagship stores in the second-largest smartphone market in the world as soon as this quarter,...

TikTok has halted a search for consultants to assist it in implementing a potential security agreement with the United States, according to two people familiar with the matter, as opposition to such a deal grows among US officials.   For the past three years, the short-video app, owned by...

Bloomberg News reported on Friday that China intends to ease borrowing restrictions for property developers in order to support the troubled sector by relaxing the "three red lines" policy.   The "three red lines" policy was announced in August 2020 to address property developers' excessive...