Business

Europe’s STOXX 600 jumps more than 1% to end week higher

Europe’s STOXX 600 index closed higher on Friday in a broad-based rally led by retailers and automakers, while investors awaited minutes from the European Central Bank’s last policy meeting and kept an eye out for a slew of data due next week. The pan-European benchmark index (.STOXX) jumped 1.2% to log its best one-day performance […]

Business

Crypto lender Genesis plagued by contagion concern after FTX blowup

The uncertain future of Genesis Global Capital, one of the biggest crypto lenders, is fueling concern that the recent collapse of crytpo exchange FTX is having a spillover effect on other players in the highly interconnected market. Genesis, which brokers digital assets for financial institutions like hedge funds and asset managers, had almost $3 billion […]

Business

Jaguar Land Rover turns to laid-off tech workers for EV skills

Laid off tech workers could find new jobs at Jaguar Land Rover (JLR) as the 100-year-old British automaker looks to hire hundreds of engineers to help develop electric cars. JLR, which is owned by India’s Tata Motors (TAMO.NS), on Friday announced a jobs portal for displaced tech workers to fill 800 roles spanning self-driving, electrification, […]

Business

What’s in a name? EU watchdog cracks down on ESG investment funds

The European Union’s securities watchdog on Friday proposed strict curbs on how investment funds are sold in the bloc if they tout environmental, social and governance (ESG) credentials to attract cash. ESG funds have grown in popularity in recent years and in the second quarter of this year accounted for 27% of share assets under […]

Business

How FTX bought its way to become the ‘most regulated’ crypto exchange

Before it collapsed this month, FTX stood apart from many rivals in the largely unsupervised crypto industry by boasting it was the “most regulated” exchange on the planet and inviting closer scrutiny from authorities. Company documents reveal the strategy and tactics behind founder Sam Bankman-Fried’s regulatory agenda, including the previously unreported terms of a deal […]

Business

Full 9th US Circuit to tackle complex Resolution Copper mining case

The full 9th U.S. Circuit Court of Appeals said on Thursday it will weigh whether the federal government improperly gave Rio Tinto Plc (RIO.L) thousands of acres in Arizona for its Resolution Copper mining project in a case that pits religious rights against the green energy revolution. The San Francisco-based court said it will decide […]

Business

Lufthansa still interested in buying into ITA Airways

Lufthansa (LHAG.DE) is still interested in buying into state-controlled Italian carrier ITA Airways, a spokesman said on Friday, despite reports that its original partner in the mooted deal had pulled out. The spokesman declined to comment on reports that it had entered ITA’s so-called data room to review the financial status of the company. Italy […]