$6.3bn in 30 minutes: how the world’s biggest heist unfolded
North Korean hackers’ attack on Binance takes crypto theft to an unprecedented scale
Binance rushes to recover customer money after $6.3bn heist
World’s largest crypto exchange says an engineer’s laptop was compromised in major security breach
Anthropic may not secure investment-grade rating after IPO, Blackstone says
Private capital giant says AI group is expected to receive ‘high’ junk rating in shift from previous guidance
How AI might be deployed for better bank supervision
The technology could help tackle some of the cultural issues that contributed to the collapse of SVB
Apollo and Thrive capitalise on private equity’s generational shift
By leaning into their new role as debt financiers, the old guard still have a lucrative place in the new financial order
CD&R pursues buyout of $40bn card processor Global Payments
Deal for US company would rank among largest buyouts in history
FEDS Paper: Measuring Consumption with Credit Card Data: Benchmarking and Beyond
Aditya Aladangady, Ricardo Duque Gabriel, and Carlo WixWe introduce a novel monthly county-level consumption dataset constructed from spending data on over 350 million credit cards in the Federal Reserve’s Y-14M reports, covering over 3,000 U.S. counties since 2014.
The government has delayed the toughest spending decisions – but here’s what we do know after the budget
Prime Minister Andy Burnham congratulates Chancellor John Healey after his first budget. © House of Commons, CC BY-NC-NDJohn Healey’s steady-as-she-goes budget was a picture of a government doing its best to offer “what help we can afford”, while weathering the economic storms. But despite its 98 policy measures, decisions on some of the biggest issues appear to have been kicked down the road.
What we know about the $6.3bn Binance hack
Analysis suggests hackers bypassed standard methods used in crypto thefts
Massive sinkholes open up across Turkey as it struggles with drought and climate change
Sinkholes are opening up across Turkey as farmers look for new sources of water. Yalcin Sonat/ShutterstockTurkey’s central Anatolian plateau is one of the country’s most important agricultural regions, producing wheat, maize, sugar beet and other crops. Yet beneath its cultivated fields, the ground is becoming increasingly unstable.
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