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Michael Saylor, executive chairman and co-founder of MicroStrategy, has initiated the sale of 315,000 company shares, totaling nearly $216 million, with intentions to expand his personal Bitcoin holdings. This decision, initially…

Breadcrumb Trail LinksPMN BusinessEcuador intends to cut spending by about 2% of gross domestic product as President Daniel Noboa grapples with fiscal, debt and security crises, according to his finance minister.Author of the…

In a recent filing on December 27, bankrupt cryptocurrency exchange FTX unveiled its repayment plan, triggering customer outrage and discontent. The plan, which values customers’ digital assets at the time of FTX’s collapse, offers…

Stay informed with free updatesSimply sign up to the War in UkrainemyFT Digest -- delivered directly to your inbox.The EU is preparing a back-up plan worth up to €20bn for Ukraine, using a debt structure that sidesteps the objections of…

Bitget Wallet, a Web3 trading wallet, has unveiled a plan focusing on product research, development, and increased investments. This initiative aims to provide users with enhanced trading options and an improved overall asset management…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Nike lowered its revenue outlook and said it plans to cut $2bn in costs over the next three years as the world’s…

Economy Treasury lends Kenya Airways Sh16bn without a repayment plan Thursday December 21 2023 Kenya Airways planes at the Jomo Kenyatta International Airport. FILE PHOTO | NMG The Treasury funded Kenya Airways (KQ) to the tune…

The United Kingdom Financial Services and Markets Act’s provisions on a digital securities sandbox are scheduled to come into force in January 2024 after being presented to Parliament.In a Dec. 18 publication, the U.K. government announced…

The FTX Debtors estate has filed an amended Chapter 11 to its reorganization plan today, leaving investors its creditors dumbfounded on the defunct exchange’s next steps. According to the proposed plan, under the leadership of CEO…

Transport Taxi company Faras takes on rivals with plan to expand Tuesday December 12 2023 Faras general manager Allan Maimbu. FILE PHOTO | NMG Ride-hailing and on-demand services provider Faras plans to expand to Nakuru, Mombasa…