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On December 29th, Moneyfarm analyst Richard Flax stated in a report that the U.S. economy is projected to experience robust growth until 2026. He said that substantial investment in the artificial intelligence industry, the Federal Reserves interest rate cuts, and government support are likely to fuel economic growth. This growth is expected to boost earnings for U.S. companies. Richard Flax stated, "The macroeconomic backdrop appears favorable, although this largely depends on the continued momentum of investment in artificial intelligence."On December 29th, it was reported that on December 26th, the National Energy Administration held a symposium in Kunming, Yunnan Province, on promoting the construction of a high-quality charging infrastructure system by 2025. The meeting emphasized that the next step is to solidly implement the "Three-Year Doubling" action plan for electric vehicle charging facility service capacity by improving facilities, enhancing services, and strengthening safety, thereby accelerating the construction of a high-quality charging infrastructure system. This includes improving the charging infrastructure service network, increasing the coverage of charging facilities in key scenarios such as residential areas and rural areas; optimizing the service efficiency of charging infrastructure, promoting the planning and construction of high-power charging facilities; focusing on improving the quality of charging operation services and effectively protecting consumer rights; accelerating the cultivation of a healthy and positive industrial ecosystem and further promoting the large-scale application pilot of vehicle-to-grid interaction; and strengthening the safety management of charging infrastructure to prevent and resolve safety risks in the charging sector.U.S. Geological Survey: A 5.1-magnitude earthquake struck 115 kilometers south of Kokopo, Papua New Guinea.On December 29th, Changan Automobile announced its plan to issue 630 million A-shares to a specific target, China Changan Automobile, which will subscribe for all shares in cash. Prior to this equity change, China Changan Automobile held 35.07% of the companys shares; after the change, its shareholding will increase to 38.95%. This equity change will not result in a change of the companys controlling shareholder or actual controller. The issuance is subject to several conditions, including approval from the State-owned Assets Supervision and Administration Commission, approval from the companys shareholders meeting, approval from the Shenzhen Stock Exchange, and registration approval from the China Securities Regulatory Commission.Bahrain announced fiscal reforms and approved a new corporate income tax law for local companies.

Sam Bankman-Fried faces possible U.S. trip for questioning over FTX collapse

Cory Russell

Nov 16, 2022 17:16

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FTX founder Sam Bankman-Fried may be extradited to the United States for questioning, according to reports from three persons with knowledge of the situation, according to Bloomberg News on Tuesday.


After describing a "serious liquidity situation," SBF's defunct cryptocurrency exchange FTX, which filed for bankruptcy in the US last week, stoked concerns about the future of the industry.


Since that time, authorities have started looking into the business, and lawmakers have demanded more precise regulations.


A number of cryptocurrency companies have also been preparing for the effects of the FTX collapse, with some of them estimating their exposure to the troubled exchange to be in the millions.


The Manhattan U.S. Attorney's office's representative declined to comment on the situation. A Reuters inquiry for comment received no immediate response from FTX.