Business – Lakim News

Ukraine’s economy shows ‘resilience’ from Russian attacks, IMF says as it backs aid

FRANKFURT, Germany — Ukraine’s economy is showing “remarkable resilience” following Russian attacks on its electricity infrastructure, officials from the International Monetary Fund said Tuesday as they signed off on an initial loan of $900 million and raised their estimate for the country’s economic growth. The outlook improved to 1% to 3% growth this year from…

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Tesla’s Musk meets Chinese foreign minister, who calls for ‘mutual respect’ in US-China relations

China’s foreign minister has met Tesla CEO Elon Musk and said U.S.-Chinese relations require “mutual respect” while touting the promise of the country’s electric vehicle industry ByJOE McDONALD AP Business Writer Young Chinese walk past a Tesla showroom in Beijing, Tuesday, May 30, 2023. China’s foreign minister met Tesla Ltd. CEO Elon Musk on Tuesday…

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Prosecutors say Sam Bankman-Fried’s arguments to dismiss cryptocurrency charges are meritless

NEW YORK — Sam Bankman-Fried’s lawyers made meritless arguments in a bid to convince a judge to toss out criminal charges alleging that the FTX founder stole from investors in his multibillion dollar cryptocurrency fund, federal prosecutors said Monday. In papers filed in Manhattan federal court, prosecutors responded to early May filings in which Bankman-Fried’s…

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