Japanese Prime Minister Fumio Kishida said Tuesday he will speed up the drafting and passage of a law to regulate the collection of donations by religious groups and protect families of believers after he met with victims of the Unification Church and was heartbroken by their “horrendous experiences,” the Associated Press reported.
All India Congress Committee (AICC) general secretary and Rajya Sabha member Randeep Singh Surjewala on Wednesday said that today Himachal was in a miserable condition and on the verge of bankruptcy because of the Jai Ram Thakur-led BJP government, the Hindustan Times reported. “No one had ever thought Himachal, where great people like Virbhadra Singh had ruled, there would be CM remote controlled by Delhi,” said Surjewala addressing an election rally at Dharamshala.
Two titans of the cryptocurrency industry may be squaring off for control of the $1 trillion digital asset market with only one left standing, Fortune reported. Binance founder Changpeng “CZ” Zhao said on Sunday his exchange will liquidate the remainder of its FTT holdings, the native token issued by Sam Bankman-Fried’s rival FTX derivatives exchange. “We will try to do so in a way that minimizes market impact,” wrote CZ on Twitter.
A little-known Chinese pipemaker erased all of its dizzying rally from last week after announcing plans to sell 1 million shares at a massive discount to a pair of institutional investors, Bloomberg reported. Huadi International Group sank 91% Monday for its biggest drop on record, after an agreement to sell its stock to investors at $25 per share — an 86% discount to Friday’s closing price. This comes after the stock skyrocketed 716% last week amid volatile trading.The company erased last week’s rally on news of the offering, falling to close at $15.81. Shares closed Friday at $180.
The Reserve Bank of New Zealand (RBNZ) said on Tuesday the current governor, Adrian Orr, had been reappointed for another five-year term starting in late March next year, Reuters reported. New Zealand finance minister Grant Robertson said the reappointment followed the RBNZ's board unanimous recommendation. “In light of global conditions, this is also a time when stability and continuity are paramount for the bank,” Robertson said. The central bank is dealing with significant macro and local growth headwinds.
China's super-rich saw their wealth tumble by the most in over two decades this year, as the Russia-Ukraine war, Beijing's zero-COVID measures and falling mainland and Hong Kong stock markets pummelled fortunes, an annual rich list said on Tuesday, Reuters reported. The Hurun Rich list, which ranks China's wealthiest people with a minimum net worth of 5 billion yuan ($692 million), said only 1,305 people made the mark this year, down 11% from last year. Their total wealth was $3.5 trillion, down 18%.
