Ben Harris, one of Joe Biden’s top economic aides, has left the Treasury Department, capping roughly four years with the president through his campaign, transition team and then as the Assistant Secretary for Economic Policy.
Paxful, an Africa-focused Bitcoin trading platform, is indefinitely suspending its operations, the company’s co-founder, Ray Youssef, said in a statement, citing a staffing crisis and growing regulatory challenges.
Bob Lee, the chief product officer of crypto startup MobileCoin Inc., has died at the age of 43.
Private equity trailblazer Gerry Schwartz brought leveraged buyouts to Canada and delivered outsize gains for much of his nearly four decades at the helm of Onex Corp.
Americans are spending less time working than they did before the pandemic. That’s good for many of them, but it’s not necessarily great for the inflation-fighting Federal Reserve.
More than 34 million people across West Africa’s Sahel region could face hunger by June as conflict, climate change and economic turmoil following Russia’s invasion of Ukraine has deepened a humanitarian crisis, the International Rescue Committee said.
Saudi Arabia hiked official selling prices for all of its oil sales to Asian customers in the month of May after the kingdom led a surprise OPEC+ output cut.
Wall Street saw a renewed flight-to-safety bid, with bonds rallying and stocks dropping after weaker-than-estimated economic data revived concern the US is heading toward a recession amid the Federal Reserve’s aggressive tightening stance.
Vantage Drilling International is exploring strategic options including a potential sale, according to people familiar with the matter.
Amazon.com Inc. is partnering with India to stream movies and TV shows from state-run studios as well as provide internships to students from government film institutes ahead of national elections next year.
