Economy

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Economy

Bipartisan resistance on new banking regulations

The Trump administration has recently proposed new banking regulations that are being met with bipartisan resistance. Critics from both sides of the aisle are voicing their concerns about the potential implications of the new rules, which could have a significant impact on the banking industry. The new regulations are aimed at rolling back some of […]
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Economy

China jobs: Beijing urged to reform vocational education and end discrimination to plug skilled worker gap

As China’s economic growth continues to slow, Beijing has been urged to reform vocational education and end discrimination against skilled workers in order to plug the country’s widening gap in skilled labour. The Chinese Academy of Social Sciences (CASS) released a report on Wednesday recommending that vocational education should be improved and that discrimination against […]
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Economy

FTX funneled $3.2B to Sam Bankman-Fried, others via related entities

FTX, the cryptocurrency derivatives exchange, funneled $3.2 billion to its founders, Sam Bankman-Fried and other related entities, according to a report by Bloomberg. The report, based on documents obtained by Bloomberg, shows that FTX transferred $3.2 billion to its founders since its launch in 2018. Bankman-Fried, the CEO, was the largest recipient of the funds, […]
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