Economy

The chance of reparations after an apology for slavery is almost nil | Domestically

The chance of reparations after an apology for slavery is almost nil |  Domestically

20 dec 2022 om 12:01 “It’s like a license to demand reparations in every instance,” fears one NU.nl reader, now that the government has apologized for slavery. Many observers wonder if the Netherlands has opened the door to people seeking reparations. But that chance is practically zero, experts tell NU.nl. Lawyer Leanne Wijntjens received her PhD in 2020 on thesis …

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FTX’s Bankman-Fried to Go to Court in Bahamas; He is expected to waive extradition

FTX’s Bankman-Fried to Go to Court in Bahamas;  He is expected to waive extradition

Bankman-Fried initially said she was resisting extradition following her arrest a week ago in the Bahamas, where she lives and where FTX is located. He was denied bail and sent to Fox Hill Prison in the Caribbean country. Reuters first reported on Saturday that Bankman-Fried will return to court to reconsider the decision. The 30-year-old crypto tycoon became a multi-billionaire …

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Good morning Bitcoin: Withdrawal suspended OKx hours

Good morning Bitcoin: Withdrawal suspended OKx hours

good morning! We have listed the latest news for you. Start the day with Bitcoin Breakfast. Registrations on OKX are halted for several hours due to issues with Alibaba I was unable to withdraw bitcoin from OKX for several hours yesterday due to issues with Alibaba. OKX uses Alibaba’s cloud servers and those layers were out there. Both withdrawals and …

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Danske Bank Pleads Guilty to US Fraud and Fines $2 Billion | Economy

Danske Bank Pleads Guilty to US Fraud and Fines $2 Billion |  Economy

13 dec 2022 om 21:07 Danske Bank has pleaded guilty to bank fraud in connection with a major money-laundering scandal to US prosecutors. So the Danish bank is paying a fine of 2 billion dollars (1.9 billion euros), it was announced on Tuesday. For years, Danke Bank failed to investigate suspicious cash flows through its Estonian subsidiary. Since 2014 it …

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Reuters: FTX founder ends fight against extradition to US

Reuters: FTX founder ends fight against extradition to US

Photo: ANP Sam Bankman-Fried, the founder of bankrupt crypto exchange FTX, who is currently in jail in the Bahamas, wants to end his fight against extradition to the United States. Reuters news agency reported this information from inside. US authorities accuse Bankman-Fried of multiple criminal offenses and want to prosecute him in the US. FTX went bankrupt because the company …

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Stop blaming Bahamas for FTX’s collapse, says Secretary of State.

FILE PHOTO: Bahamas Foreign Minister Fred Mitchell addresses the 69th United Nations General Assembly in New York

FTX lawyers said Wednesday they have “no confidence” in the Bahamian government, accusing FTX’s leadership of colluding with now-jailed former CEO Bankman-Fried to help account holders recover $100 million in bankruptcy. In a scathing voice recording distributed via WhatsApp on Friday morning, Bahamas Secretary of State Fred Mitchell said “this blame game aimed at the Bahamas” is undermining efforts to …

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Tesla doesn’t have enough water in Germany to produce more

Tesla doesn't have enough water in Germany to produce more

The Gigafactory in Grünheide, near Berlin, is vital to Tesla’s expansion in Europe. The US manufacturer’s factory is currently targeting production of 500,000 Tesla Model Ys, but its aim is to double or produce 1 million cars per year. However, water consumption will double at a time when current production has already reached the limits of what the local public …

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US interest rates rise very little – FM.nl

US interest rates rise very little - FM.nl

December 15, 2022 Compilers Perhaps a better-performing America will survive the recession The Federal Reserve (Fed) raised US interest rates by 0.5 percent as expected. Each time a 0.75 percentage point was added, the increase was less robust than the previous four times. The US Federal Reserve saw room for lower increases as inflation passed its peak. However, central bank …

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