Business

Ex-FTX CEO says he didn't 'knowingly' misuse clients' funds

The former CEO of the failed cryptocurrency exchange FTX said Wednesday that he did not "knowingly" misuse customers' funds, and said he believes his millions of angry customers will eventually be made whole.

Business

House panel to hold hearing on crypto exchange FTX collapse

Lawmakers plan to investigate the failure of FTX, the large crypto exchange that collapsed last week and filed for bankruptcy protection, leaving investors and customers staring at losses that could total in the billions ...

Business

Norwegian Air to end long-haul flights, focus on Europe

Low-cost carrier Norwegian Air Shuttle said Thursday it will focus on European destinations and close its long-haul operations as it struggles with the fallout of the coronavirus pandemic and debt restructuring.

Business

Airlines need another $70-80 bn to survive: IATA chief

Airlines need up to another $80 billion to survive, the head of the industry's trade association told a French daily on Friday, as many countries tighten restrictions to confront another wave of coronavirus infections.

page 1 from 2