EUROPE

Genesis crypto lending unit files for bankruptcy in the US

Jan 20 (Reuters) – Crypto firm Genesis’s lending unit filed for U.S. bankruptcy protection against creditors on Thursday, topped by a market rout with the likes of exchange FTX and from the BlockFi lender. Genesis Global Capital, one of the largest crypto lenders, froze client redemptions on November 1. 16 after FTX stunned the financial …

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Here’s what Twitter lost in ad revenue in the final months of 2022

NEW YORK/LONDON, Jan 20 (Reuters) – Top advertisers on Twitter cut spending after the Elon Musk takeover, according to estimates compiled for Reuters by research firm Pathmatics, in the latest shock to the top source. of business income. According to Pathmatics estimates, fourteen of the top 30 advertisers on Twitter ceased all advertising on the …

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Brazilian court grants bankruptcy protection to retailer Americanas

SAO PAULO, Jan 19 (Reuters) – A Rio de Janeiro court on Thursday accepted Brazilian retailer Americanas SA (AMER3.SA)’s application for bankruptcy protection, days after the company disclosed nearly $4 billion accounting inconsistencies that sparked a legal dispute with creditors and investors. Americanas, a 93-year-old company with stores across Brazil and a major e-commerce unit, …

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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 customer redemptions on November 1. 16 following the fall of leading cryptocurrency …

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Exclusive: ECB union says staff are losing faith in leadership amid inflation and wages

40% of ECB staff have little or no confidence Two-thirds say trust is damaged 63% are worried about the ECB’s ability to protect purchasing power FRANKFURT, Jan 18 (Reuters) – (This story from Jan 17 has been corrected to restore deleted words in paragraph 11) European Central Bank staff are losing faith in the institution’s …

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UGA football car crash deaths: Injured passengers identified in a car crash that killed player and staffer following championship celebration

CNN — On the heels of the University of Georgia’s national championship victory, police are investigating a fatal single-vehicle car crash early Sunday that killed football player Devin Willock and staff member Chandler LeCroy just hours after the Bulldogs’ triumphant celebration with fans, authorities said. Shortly before 3 am Sunday, LeCroy, 24, was driving with …

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Oil gains 2% on optimism over global economy, despite surprise U.S. crude build

NEW YORK, Jan 11 (Reuters) – Oil prices rose 2% on Wednesday to a week-long high as hopes for an improving global economic outlook and concerns over the impact of sanctions on the Russian crude production outweighed a surprise massive increase in US crude inventories. . Brent crude futures rose $1.67, or 2.1%, to $81.77 …

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