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Analysis: Egypt not off the hook after IMF bailout deal

Analysis: Egypt not off the hook after IMF bailout deal

The Egyptian pound is trading at 8% discount on the black market October’s $3 billion IMF deal helps rally bond prices Little demand so far for Treasuries or FDI, analysts say Egypt must repay $33.9 billion in external debt until mid-2025 CAIRO/LONDON, Nov 25 (Reuters) – Egyptian finances remain in a precarious state despite two …

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Exclusive: Bankman-Fried's FTX Parents Bought Bahamian Property Worth $121M

Exclusive: Bankman-Fried’s FTX Parents Bought Bahamian Property Worth $121M

FTX unit purchased 7 condos in upscale resort for “key personnel” Bankman-Fried’s parents named owners of $16.4 million vacation home Bankman and Fried tell Reuters: Seeking to return the deed to FTX NEW PROVIDENCE, Bahamas, Nov 22 (Reuters) – Sam Bankman-Fried’s FTX, his parents and top executives of the failed cryptocurrency exchange have purchased at …

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Lula to begin job interviews for Petrobras overhaul

Lula to begin job interviews for Petrobras overhaul

Nov 21 (Reuters) – Brazil’s President-elect Luiz Inacio Lula da Silva is to begin talks with candidates for the leadership of oil firm Petrobras this week, sources familiar with the talks said, kicking off a difficult few months for the state-controlled company. Lula, who takes office on January 1, has already announced plans for a …

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Big Tech layoffs are a dystopian labor market fiction

Big Tech layoffs are a dystopian labor market fiction

NEW YORK, Nov 18 (Reuters Breakingviews) – Layoffs at tech giants such as Twitter, Amazon.com (AMZN.O) and Meta Platforms (META.O) mark the first large-scale job cuts since the beginning of 2020. After years of falling unemployment in the United States, it might seem that Silicon Valley foreshadows the start of a dystopian future for workers. …

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