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Climate crisis may have triggered collapse of ancient Hittite empire, study suggests | Science & Tech News
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A three-year drought may have led to the collapse of the ancient Hittite civilisation in the Middle East 3,000 years ago, a study suggests. The Hittites, with their capital Hattusa situated in central Anatolia, were one of the ancient world’s great powers across five centuries. They became the main geopolitical rivals of ancient Egypt during…
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FlyBe collapse asks questions about the resilience of UK’s transport infrastructure | Business News
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FlyBe is a smaller, less significant business than when it collapsed for the first time in March 2020, but a second failure in three years raises questions not just for prospective owners, but the connectivity of the UK. Three years ago the failure of what was then Europe’s largest regional airline was blamed on the…
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British investor who lost £1m in FTX collapse among 13 people to make fraud reports to police | UK News
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A British investor said to have lost £1m in the collapse of cryptocurrency trading platform FTX is among 13 people to have made fraud reports to UK police. FTX filed for bankruptcy on 11 November after it was alleged the then chief executive Sam Bankman-Fried, 30, had illegally diverted massive sums of customer money from…
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Coinbase cuts 20% of global workforce amid crypto collapse | Business News
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Coinbase, the cryptocurrency exchange platform, is to cut 950 jobs, about 20% of its global workforce. The company has announced the third round of layoffs in a year as part of a restructuring plan. The move follows the sharp downfall in the value of cryptocurrency and has been blamed on that as well as the…
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FTX collapse shows crypto is ‘too dangerous’ not to regulate, Bank of England deputy governor says | Business News
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Cryptocurrency trading is “too dangerous” to remain outside mainstream financial regulation and could pose “a systemic problem” without action, the deputy governor of the Bank of England has warned. Speaking for the first time since the founder of the crypto trading platform FTX was arrested and charged with massive fraud, Sir Jon Cunliffe told Sky…
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Shaquille O’Neal says ‘I don’t understand crypto’ after being named in lawsuit over FTX collapse | Science & Tech News
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The American basketball legend Shaquille O’Neal has defended his appearance in ads for the collapsed cryptocurrency firm FTX, arguing he was “just a paid spokesperson”. The NBA star turned television analyst was named in a class-action lawsuit against the exchange last month, which alleged stars who promoted the platform brought it credibility. It argues that…
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Crypto.com moves to bolster confidence as market reels from FTX collapse | Business News
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The boss of cryptocurrency exchange Crypto.com has hit out at “naysayers” questioning its financial health as the market jitters after the collapse of rival exchange FTX. Kris Marszalek, chief executive of Singapore-based crypto.com, insisted it had a robust balance sheet and took no risks after investors took to Twitter over the weekend to question a…