The SEC has informed Coinbase that it plans to sue the company for allegedly violating a series of investor protection laws, the company said this week. An eventual SEC lawsuit against the largest US crypto exchange could help determine the future shape of exchanging dollars for digital tokens such as bitcoin, ether or polkadot. It … Read more
OTTAWA, ONTARIO (AP) — President Joe Biden and Prime Minister Justin Trudeau Friday celebrated the close, “inseparable” relationship between the U.S. and Canada, pledging that the two nations remain committed to defending Ukraine as it attempts to fend off a Russian invasion. fend off no end in sight. Biden and Trudeau met just days after … Read more
Electric vehicle manufacturer Rivian Automotive Inc. RIVN -0.66% is moving parts of its production engineering team to its Illinois plant as part of a reorganization aimed at speeding up production, according to a person familiar with the plan. The reorganization is expected to be announced shortly and will result in a significant portion of the … Read more
KYIV, Ukraine (AP) — UN human rights monitors have documented dozens of summary murders of Ukrainian and Russian prisoners of war, as well as other possible war crimes such as the use of torture, human shields and other abuses against prisoners of war since Russia invaded its neighbor, according to a report released Friday. The … Read more
BNAI BRAK, Israel — Prime Minister Benjamin Netanyahu is advancing rapidly on a judicial review plan that could begin final consideration by parliament next week as debate over the legislation exposes deep rifts between Israel’s secular and religious communities. Over the past three months, protests against the legislation have mobilized hundreds of thousands of people … Read more
German Chancellor Olaf Scholz told reporters at an EU summit that Deutsche Bank is a profitable company with no cause for concern. French President Emmanuel Macron also told reporters in Brussels that the banking system is sound. Christine Lagarde, President of the European Central Bank, said the euro area is resilient because it has strong … Read more
Psychologist Susan Pinker investigates new discoveries in the science of human nature. Read previous columns here. One of the highlights of my pandemic work week was the zoom workout I did with a dozen fellow swimmers when we lost access to our pool. Most aspects of my life were turned upside down, but the 7:45 … Read more
DUBAI — Saudi Arabia and Syria are closing in on an agreement to restore diplomatic ties after talks brokered by Russia, according to Saudi and Syrian officials familiar with the discussions, as Middle East geopolitics shift. Talks continued in recent weeks after rounds of discussion in Moscow and Riyadh, the officials said. If an agreement … Read more
Regional banks should not be the only source of concern for potential fallout from the fast pace of rate hikes by the Federal Reserve over the past year, a former banking supervisor said. “I don’t see regional banks having a specific problem,” said Sheila Bair, who ran the Federal Deposit Insurance Corp. from 2006 to … Read more