Sack Andrew Bailey as Bank of England boss, says Liz Truss – POLITICO

Excerpts were released over the weekend and include a scathing view of Britain’s financial establishment. She describes the Treasury, the Bank of England and the Office for Budget Responsibility (OBR) as a “three-headed hydra” that “wanted to stick as closely to EU law as possible.” But the now-backbench MP went further in the interview, saying … Read more

UK Energy Minister Graham Stuart quits government ahead of election – POLITICO

Instead, the Beverly and Holderness MP said he wanted to focus on “campaigning on local issues,” and that he looks forward to “fighting and winning the seat later this year.” Stuart has a near 20,000 majority, although recent polling analysis has shown that Labour could narrowly win the seat at the next general election, expected … Read more

IEA downgrades 2024 oil demand growth forecast as prices heat up

The International Energy Agency on Friday downgraded its forecast for 2024 oil demand growth, citing “exceptionally weak” OECD deliveries, a largely complete post-Covid-19 rebound and an expanding electric vehicle fleet. In its latest monthly oil market report, the IEA said it had revised down the forecast by around 100,000 barrels per day (bpd) to 1.2 … Read more

Colorado Eastern Plains vacancy in Congress leaves district without voice

For the first time in more than 40 years, a congressional district in Colorado is without a voice in the U.S. House of Representatives. In 1983, a seat sat vacant because Jack Swigert, a former astronaut on the Apollo 13 who was elected the previous November, died of cancer one week before taking office. This … Read more

Oil prices climb to five-month high on escalating Middle East tensions

A flare stack burns beyond oil storage tanks at the Taneco Oil Refining and Petrochemical complex, operated by Tatneft PJSC, in Nizhnekamsk, Tatarstan, Russia, on Tuesday, March 5, 2019. Bloomberg | Bloomberg | Getty Images Oil prices on Tuesday rose to their highest level since October as investors closely monitored fresh supply threats amid an … Read more

SEC scores big win in lawsuit against crypto exchange Coinbase

A smartphone with displayed Coinbase logo and representation of cryptocurrencies are placed on a keyboard in this illustration taken, June 8, 2023. Dado Ruvic | Reuters The Securities and Exchange Commission scored a major win in its lawsuit against Coinbase on Wednesday, as a judge ruled that its claim that the cryptocurrency exchange engaged in … Read more

Russia’s sanction-proofed economy is helping it avoid a defeat in Ukraine – POLITICO

Russia’s sanction-proofed economy is helping it avoid a defeat in Ukraine – POLITICO Skip to main content Read original article here Denial of responsibility! Pioneer Newz is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials … Read more

SBF team argues for 5-6 year sentence, cite FTX customers’ money

Government exhibit in the case against former FTX CEO Sam Bankman-Fried. Source: SDNY While prosecutors are requesting that FTX founder Sam Bankman-Fried spend 40 to 50 years in prison for his crimes, the defense team is urging the judge to consider a sentence that’s roughly 90% shorter.\ Update: FTX founder Sam Bankman-Fried sentenced to 25 … Read more

From Doctor Botox to Facebook’s top lobbyist, meet the folks who left politics to cash in – POLITICO

Doctor Botox Olivier Véran, a former French government spokesperson and ex-minister of health, recently announced his next career venture at the Clinique des Champs-Élysées in Paris. For Véran, who was a neurologist before turning to politics, going back to medicine is not all that surprising. What was shocking — and caused some uproar in the … Read more

How FTX’s Sam Bankman-Fried went from crypto king to convicted conman

Samuel Bankman-Fried’s poster in downtown San Francisco. MacKenzie Sigalos | CNBC Two years ago, Sam Bankman-Fried was a 30-year-old multibillionaire living in a $35 million Bahamas penthouse, partying with his pals while running one of the world’s most valuable crypto companies. Today, he’s a 32-year-old inmate at the Metropolitan Detention Center in Brooklyn, waiting for … Read more