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Sam Bankman-Fried’s lawyer says FTX investments were not ‘reckless’

Sam Bankman-Fried’s lawyer says FTX investments were not ‘reckless’

By Luc Cohen NEW YORK (Reuters) -FTX founder Sam Bankman-Fried’s lawyer on Tuesday said the now-bankrupt cryptocurrency exchange’s investments were not “reckless and frivolous,” pushing back against testimony by former executive Nishad Singh portraying its spending on marketing and celebrity endorsements as excessive. Singh, FTX’s former engineering chief, testified for a second straight day at…

Tunisia president sacks the economy minister over statement about IMF

Tunisia president sacks the economy minister over statement about IMF

TUNIS (Reuters) – Tunisian President Kais Saied on Tuesday sacked Economy Minister Samir Saied after fresh statements that a deal with the International Monetary Fund (IMF) would be vital for obtaining other foreign financing. The president strongly opposes what he described as the dictates of the IMF, saying that the IMF is ‮”‬not sacred‮”‬ and…

Yellen: Too early to speculate on economic consequences from Israel conflict

Yellen: Too early to speculate on economic consequences from Israel conflict

© Reuters. FILE PHOTO: U.S. Treasury Secretary Janet Yellen addresses a news conference during a G20 finance ministers’ and Central Bank governors’ meeting at Gandhinagar, India, July 16, 2023. REUTERS/Amit Dave//File Photo LONDON (Reuters) – U.S. Treasury Secretary Janet Yellen said on Monday it was too early to speculate on the economic consequences of the…

Ukraine finance minister says donor ‘tiredness’ growing as war drags on

Ukraine finance minister says donor ‘tiredness’ growing as war drags on

© Reuters. Ukrainian Minister of Finance Serhiy Marchenko attends an interview with Reuters during the annual meeting of the International Monetary Fund and the World Bank, following last month’s deadly earthquake, in Marrakech, Morocco, October 14, 2023. REUTERS/Su   EUR/RUB -0.22% Add to/Remove from Watchlist Add to Watchlist Add Position Position added successfully to: Please…