FTX will return money to most customers less than 2 years after catastrophic crypto collapse
FTX says that nearly all of its customers will receive the money back that they are owed, two years after the cryptocurrency exchange imploded, and some will get more than that. FTX said in a court filing late Tuesday that…
Africa should forge path for secure data flow across borders, experts say
Nairobi, Kenya — Digital experts called on African countries Tuesday for laws to protect the data of individuals and businesses, saying that a single digital market in which data can safely flow across borders would help overcome barriers to commerce…
Xi, in France, offers few concessions on trade, support for Russia
LONDON — Chinese President Xi Jinping offered few concessions to his counterpart and host Emmanuel Macron as he wrapped up a two-day visit to France on Tuesday evening. Both presidents are seeking to mend ties on Xi’s first trip to…
Sanctions, hobbled economy hit Iran’s traditional carpet weavers hard
KASHAN, Iran — The historic Kashan bazaar in central Iran once sat on a major caravan route, its silk carpets known the world over. But for the weavers trying to sell their rugs under its ancient arches, their world has…
Analysts: Tesla-China EV market race still tough, despite self-driving win
Tesla CEO Elon Musk’s visit this week to Beijing, where he met with Premier Li Qiang and received tentative approval for the full rollout of the company’s complete driver assistance software, has been described in China as the same as…
US employers add 175,000 jobs in April
WASHINGTON — The nation’s employers pulled back on their hiring in April but still added a decent 175,000 jobs in a sign that persistently high interest rates may be starting to slow the robust U.S. job market. Friday’s government report…
Climate change set to cut average income by 19%, report warns
The average income of people around the world will be cut by one-fifth because of climate change by the middle of the century, according to a new report by Germany’s Potsdam Institute for Climate Impact Research, published in the journal…
Survey: US consumer confidence at lowest level since 2022
Washington — U.S. consumers appear less optimistic about the jobs market and more worried about future financial conditions, bringing a closely watched confidence metric to its lowest level since July 2022, a survey showed Tuesday. The consumer confidence index fell…
G7 ministers: Energy storage is key to global renewable goals
Paris, France — G7 environment ministers committed on Tuesday to ramp up the production and deployment of battery storage technology, an essential component for increasing renewable energy and combating climate change. Here is how and why batteries play a vital…
Dubai to move international airport to $35B facility in 10 years
Dubai International Airport, the world’s busiest for international travel, will move its operations to the city-state’s second, sprawling airfield in its southern desert reaches “within the next 10 years” in a project worth nearly $35 billion, its ruler said Sunday….