Thousands of crypto accounts linked to the Solana blockchain have been “drained” in a blow to one of the biggest networks in the digital asset market. Solana and several other platforms linked to the blockchain were on Wednesday investigating an apparent hack that affected at least 7,767 digital wallets, the computer programs that store traders’
The North Carolina Local Government Commission on Tuesday approved the city of Charlotte’s request to issue more than $1 billion of bonds and notes for infrastructure work. Charlotte had asked the LGC for approval to issue $535 million of revenue bonds to finance water, wastewater and sewer plants and lines. Part of the proceeds will
Security officers said it had been “hot and hectic” at London’s Heathrow airport this summer. While airline and airport executives try to pin the blame on each other for summer travel chaos, the officers are dealing with the fallout from cancelled flights and big queues at Heathrow’s terminals — in teams that are inexperienced and
People wait to visit a house for sale in Floral Park, Nassau County, New York, the United States, on Sept. 6, 2020. Wany Ying | Xinhua News Agency | Getty Images Mortgage applications inched up last week for the first time since June 24. Total mortgage demand increased 1.2% as the average 30-year fixed mortgage
Nancy Pelosi pledged an “ironclad” US commitment to Taiwan during a historic visit to the country on Wednesday that has infuriated China and raised warnings that military manoeuvres Beijing announced in retaliation would amount to a blockade of the island. The comments from the Speaker of the US House of Representatives, made during a meeting
Boris Johnson sometimes joked that he dreamt of shaking up the Treasury by making John Redwood, the former cabinet minister and Thatcherite radical, his chancellor of the exchequer. It stayed a dream. His first two chancellors were orthodox fiscal conservatives. Liz Truss, the frontrunner to succeed Johnson as prime minister, is given to similarly puckish musings.
European equities slipped in morning trade on Wednesday after hawkish comments from the Federal Reserve clouded market hopes that the US central bank would ease the pace of rate rises to counter an economic slowdown. The Stoxx 600 slipped 0.1 per cent in morning trading, with London’s FTSE 100 up 0.2 per cent and Germany’s
In 2018, Nikolai Mendiaev bought his first bitcoin using a peer-to-peer platform called LocalBitcoins. Mendiaev lived in Elista, a town of about 100,000 people in southern Russia, and he was wary of going through the know-your-customer process at a centralized exchange. As a software developer and (relatively) early cryptocurrency adopter, Mendiaev occasionally had friends and
Just after US House Speaker Nancy Pelosi landed in Taiwan, she published an article arguing that her controversial visit was critical to demonstrating American support for the country as it faces mounting pressure from China. “In the face of the Chinese Communist party’s accelerating aggression, our congressional delegation’s visit should be seen as an unequivocal
Whether you’re on the hunt for a vacation property as travel reopens, or you want a store for your cash as stocks somersault, Europe can offer a host of compelling second-home destinations. From access to fine food and rich culture to stunning scenery, the continent has something for everyone — and property purchasers are buying
The British empire was built in the age of coal, a fuel the UK had in spades. The US became a superpower in the era of oil, of which it had plenty. China’s rise has come as the world starts switching to a greener energy system needing minerals and metals for battery and solar industries
In the spring of 1992, Japan’s senior intelligence officials made a fairly standard decision to deny entry to Reverend Moon Sun-myung, the late founder of South Korea’s Unification Church, on the grounds that he had previously served in US prison for tax evasion. Shortly afterwards, though, the religious leader sailed through security checks to enter
Accountants should stop complaining about extra scrutiny and fines for audit failures and improve the quality of their work, said the head of the sector’s UK watchdog, which imposed record financial sanctions on the industry last year. Auditors have faced heavy criticism in recent years after failing to raise the alarm in a series of
Molson Coors’ chief executive said cost inflation is now his biggest concern after the US brewer experienced a further jump in prices for inputs like barley, aluminium and freight. That upward trend was taking some of the shine off consumer demand that otherwise appeared resilient despite broader concerns over rising interest rates, inflation and a
Detroit-based Miller Canfield public finance attorney Jeffrey Aronoff has joined the five-member board of managing directors following a vote of the firm’s principals. The firm also voted to put attorney Pawel Chudzicki, who is a member of the corporate and transactions group, on the five-member board. The newly elected members join Scott Eldridge, who was
Bain & Co, the Boston-based global management consultant, was on Tuesday hit with a three-year ban from tendering for British government contracts because of its “grave professional misconduct” in a major corruption scandal in South Africa. Jacob Rees-Mogg, Cabinet Office minister, told Bain that the affair had rendered the company’s integrity “questionable” and that he
Federal Reserve officials said they want strong evidence that the hottest inflation in four decades is on a sustainable downward path before declaring victory in their fight against it. With consumer prices rising 9.1% in June from a year earlier, the Fed has “a long way to go” on reaching price stability around a 2%
With the real estate market not going the way many prospective home buyers had hoped and mortgage rates rising much faster than expected, a recent RentCafe survey sees a light at the end of the tunnel. Downsizing by just one bedroom could help renters save an average of $3,735 per year, according to the survey.
Municipals were firmer five years and out while an active primary led by two $700-plus million of revenue bonds from the Port of Seattle and the Georgia Ports Authority took the focus away from a massive U.S. Treasury selloff. U.S. Treasuries saw yields rise 20-plus basis points on bonds seven years and in, while equities
Chicago will offer airport and casino site tours to highlight key economic initiatives while Chief Financial Officer Jennie Huang Bennett will seek to make the city’s case with the buy-side for its fiscal turnaround at an annual investors’ conference next week. “This daylong event will include morning tours and investor lunch with Mayor Lori Lightfoot
Los Angeles Ron_Thomas | Getty Images As rising interest rates and surging property values prevent more families from buying a home, the demand for rentals has soared, with the highest rent prices in the sunniest states. Rent prices for single family homes swelled during the first half of 2022, hitting a national average of $2,495