Collapses for the second time in three years 276 workers fired by administrators About 75,000 customers had future bookings Hurt by the delay in the delivery of planes Rivals see rebound in demand LONDON, Jan 28 (Reuters) – British regional airline Flybe ceased operations on Saturday for the second time in three years, with all … Read more
China offers debt service relief in 2022, 2023 Sri Lankan sources unsure if China’s letter will be enough for IMF Broad IMF-China deal on Zambia could provide clues NEW DELHI/COLOMBO, Jan 24 (Reuters) – The Export-Import Bank of China has offered Sri Lanka a two-year debt moratorium and said it would support the country’s efforts … Read more
Jan 20 (Reuters) – Federal prosecutors seized nearly $700 million in assets from FTX founder Sam Bankman-Fried in January, much of it in the form of Robinhood stock, according to a court filing on Friday. Bankman-Fried, who was accused of stealing billions of dollars from FTX clients to pay debts incurred by his crypto-focused hedge … Read more
Jan 20 (Reuters) – The loan unit of crypto firm Genesis filed for bankruptcy protection in the United States on Thursday, owing its creditors at least $3.4 billion after being knocked down by a rout of the market with FTX exchange and lender BlockFi. Genesis Global Capital, a leading crypto lender, froze client redemptions on … Read more
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