BUSINESS

Microsoft Corp was hit on Tuesday in U.S. court with a private consumer lawsuit claiming the technology company's $69 billion bid to purchase "Call of Duty" maker Activision Blizzard Inc will unlawfully squelch competition in the video game industry.

Bankman-Fried was seen arriving at the Nassau magistrate court from the Fox Hill prison, and then leaving nearly three hours later without immediate comment from him or his attorneys.

Twitter had announced that the company would "no longer allow free promotion of specific social media platforms."

Elon Musk's team has reached out to investors to raise new funds for his struggling social media platform Twitter, one of the investors said.

The New York State Department of Financial Services (NYDFS) on Thursday issued digital asset guidance to state-regulated banks laying out what information financial institutions must submit before getting approval to engage in virtual currency-related activities.

Pakistan has lifted a ban on sugar exports, the finance ministry said on Thursday, in a move that government sources indicated was aimed at boosting foreign reserves.

SPB Exchange plans to offer trading in more than 500 Hong Kong-listed Chinese shares in 2023 and expand to markets such as India, Brazil and South Africa, the head of Russia's second-largest bourse said on Thursday.

Of the 36 names, 21 are identified as major firms involved in the research and design, marketing and sales of artificial intelligence chips with close ties to the Chinese defense sector.

Long positions on most other emerging Asian currencies also firmed, with those on the Malaysian ringgit and South Korean won at around two-year highs, a fortnightly poll of 10 analysts showed.

Running to more than 500 pages, lawmakers say the bill intends to update regulations to address challenges in the digital era, improve financial sector efficiency and promote financial inclusion.

When he took office as the top federal prosecutor in Manhattan in late 2021, Damian Williams pledged to prioritize "rooting out corruption in our financial markets."

Lawyers for the bankrupt crypto exchange FTX on Wednesday opposed a demand for internal records from an insolvent affiliate based in the Bahamas, saying they "do not trust" the Bahamian government with data that could be used to siphon off assets from the bankrupt company.

China accused Washington on Wednesday of using subsidies to prop up national industries and refusing to abide by the rules of the World Trade Organization.

Cordoned-off roads, a sweltering courtroom and numerous delays marked Sam Bankman-Fried's first in-person public appearance since his crypto company collapsed.

Almost half a million others have been forced to work fewer hours as orders fall in the Southeast Asian country, one of the world's largest exporters of clothing, footwear and furniture.

The United States in October announced new export controls aimed at restricting China's ability to buy and manufacture high-end chips with military applications, complicating Beijing's push to further its own semiconductor industry and develop advanced military systems.

The European Union has enough gas for the winter but could face a shortage next year if Russia cuts supplies further, the International Energy Agency (IEA) said on Monday, urging governments to act faster to save energy and expand renewables.

The United States and other western countries on Monday announced an alliance to produce and buy critical minerals from countries with stronger environmental and labor standards, a move that could reduce business with market leader China.

Sam Bankman-Fried, who founded and led FTX until a liquidity crunch forced the cryptocurrency exchange to declare bankruptcy last month, was arrested on Monday in The Bahamas after being criminally charged by U.S.

The row comes after Hong Kong police said they would investigate the playing of "Glory to Hong Kong.

The Financial Times has reported that Russia has assembled a "shadow fleet" of more than 100 vessels seeking to circumnavigate the Western sanctions regime.

Air India is close to placing landmark orders for as many as 500 jetliners worth tens of billions of dollars from both Airbus and Boeing as it carves out an ambitious renaissance under the Tata Group conglomerate, industry sources said on Sunday.

Many businesses prepared for the strike, which began Nov. 24, and were ready to weather short-term pain.

Chief Justice Umar Ata Bandial, the head of a five-judge panel, read out the operative part of the brief order in court.

India consumer price inflation likely cooled to a nine-month low of 6.40% in November mainly due to a moderation in food prices, according to a Reuters poll of economists.

A U.S. bankruptcy judge on Wednesday ruled that some customers of crypto lender Celsius Network should receive their deposits back, giving relief to a relatively small group of customers whose deposits were never commingled with other Celsius funds.

Taiwan's economy minister said on Wednesday that the island remains chipmaker TSMC's most important production base after the company announced it would more than triple planned investment at its new Arizona plant to $40 billion.

FTX founder and former chief executive Sam Bankman-Fried and Caroline Ellison, head of its now-defunct trading affiliate, have tapped defense attorneys as U.S.

Facebook parent Meta Platforms Inc on Monday threatened to remove news from its platform if the U.S.