Politics

Biden mulls trip to Saudi Arabia: Shaking hands with pariah? - Reuters

Photo by Ishan @seefromthesky / Unsplash

The media is discussing Biden's preparations for a trip to Saudi Arabia, whose government he called a "pariah" in 2018 for allegedly intentionally killing a Washington Post journalist. Now Biden's priorities are in question: oil plays a big role.

Moreover, the Biden Administration is discussing a possible lifting of the ban on offensive arms sales to Saudi Arabia.

For such a "re-shoeing," the U.S. head risks becoming an enemy of the Republican opposition.

Hyundai has released a "copy" of the Tesla - Reuters

Hyundai Motor Co. on Thursday unveiled its first electric sedan, the Ioniq 6. The South Korean automaker expects the electric car to help it capture a larger share of the EV market, including poaching Tesla customers.

Bank of America has no plans to offer crypto services

BofA CEO Moynihan said that the company will not offer services related to cryptocurrency in the near future. However, he acknowledged the importance of digital payments in today's economy. According to Moynihan, the main obstacle to the crypto industry is regulatory problems. The SEC is suspicious of companies offering cryptocurrency

SEC Warns FTX Against Repaying Creditors in Cryptocurrency: A Detailed Analysis of the Legal and Financial Implications

The recent developments surrounding the now-defunct cryptocurrency exchange FTX have drawn significant attention, especially concerning the United States Securities and Exchange Commission's (SEC) warnings regarding the repayment of creditors in stablecoins and other cryptocurrencies. This issue brings to light the complexities and potential legal battles that could arise as FTX

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