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Turkish Crypto Exchange Goes Bust as Founder Flees Country

Confusion reigned about how many users of the Thodex exchange were affected and how much money was at stake. In a statement from an unknown location, Thodex Chief Executive Officer Faruk Fatih Ozer promised to repay investors and to return to Turkey ...

Euro tiptoes higher ahead of ECB meeting

LONDON (Reuters) - The euro edged higher before a European Central Bank meeting later on Thursday, where any positive comments about the economic outlook or hints of tapering bond purchases are expected to send the common currency racing higher.

Lina Khan's nomination hearing signals a new era of tough antitrust enforcement for the tech industry

If confirmed, she would be the youngest ever commissioner on the Federal Trade Commission. Image without a caption. FTC Commissioner nominee Lina M. Khan testifies during a Senate ...

Biden's USPS nominees face confirmation hearing as Democrats consider paths to oust DeJoy

President Biden's three nominees to the U.S. Postal Service's governing board faced their first big test Thursday on Capitol Hill, where a Senate panel pressed them to maintain service levels and rein in parts of Postmaster General Louis DeJoy's 10-year plan ...

Airlines Optimistic About a Rebound in Travel: Live Updates

The New York Times

The New York Times

'The worst is behind us': Airlines see signs of continued recovery. · Stocks tumble after reports of a tax increase on investments. · Credit Suisse reports a loss as regulators open an investigation. · After a flood in the first quarter, SPAC listings have slowed to a ...

Observer Research Foundation

GRAPHIC-Politics, inflation, new models: Five questions for Russia's central bank

LONDON, April 22 (Reuters) - Russia's central bank will meet on Friday to set interest rates with more than one third of analysts now expecting inflation pressures and rising geopolitical tensions to prompt policymakers into a 50 basis point rate hike. About two ...

Credit Suisse boosts capital as Archegos wipes trading gains

Stripping out the 4.4 billion franc hit and other significant items, the bank said pre-tax profit would have been 3.6 billion francs, which would have represented its best quarter operationally in at least a decade.

Two Blowups Have Credit Suisse Paying the Price of Risky Business

On the evening of Feb. 6, 2020, Thomas Gottstein gathered his top lieutenants at his Zurich office to let them in on his secret: In a few hours, he would be named chief executive officer of Credit Suisse Group AG. They shared a group hug, and the new boss said ...

Paycheck Protection Program Must Be Extended And Replenished To Help The Smallest Businesses

Forbes

Forbes

And now, just as recent regulatory changes have finally prioritized them, the program is set to expire May 31, 2021. To ensure these businesses survive the challenges of the Covid-19 pandemic, PPP should be extended until the end of 2021 and replenished ...

Biden to propose hike in capital gains taxes - sources

The proposals will include raising the marginal income tax rate to 39.6% from 37%, and nearly doubling taxes on capital gains to 39.6% for people earning more than $1 million, according to the sources.