Indian and US officials met on Friday to commit to increase economic cooperation between the two countries. They stated that they would work on their opposing Russia stances and unite against China’s economic prowess.
The battled cryptocurrency exchange FTX declared Chapter 11 bankruptcy. CEO Sam Bankman-Fried resigned from his leadership position at the helm of the company, passing on the CEO role to John J. Ray III, a lawyer experienced with leading companies such as Enron Corp. through bankruptcies.
Joe Biden’s administration will resume talks with the Russian counterpart amid serious tensions between both countries. Putin has threatened to use nuclear weapons multiple times after its invasion of Ukraine. The Talks will take place in Cairo, Egypt in the near future. Both the countries came together several times in the past to limit the quantity of nuclear arsenals.
More than 50 countries are going to default according to UN official while talking to an audience during the COP27 summit. The situation of the poorest economies has been worse amid growing energy and food crises and inflation. Achim Steiner, the UN global development chief, argued that the UN has listed 54 countries that are on the brink of bankruptcy.
