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December 23 – The policy allowing Guangdong vehicles to enter Hong Kongs urban areas officially took effect at midnight today (December 23), with 100 slots available daily. Approved and successfully booked Guangdong vehicles can enter Hong Kong via the Hong Kong-Zhuhai-Macau Bridge, staying for a maximum of three days each time. Hong Kongs Secretary for Transport and Logistics, Chan Mei-po, stated that nearly all 100 slots were booked on the first day. Due to the upcoming long holiday in Hong Kong, the response to the "Guangdong vehicles southbound" measure has been very positive, and the Bureau will closely monitor the situation, including observing the number of vehicles entering Hong Kong. Chan Mei-po explained that most of the vehicles entering Hong Kong are electric vehicles, and the Hong Kong SAR government will gradually increase the number of charging facilities in the future.Samsung Heavy Industries will build two liquefied natural gas (LNG) carriers for customers in Oceania.A recent report from mobile market intelligence platform Sensor Tower predicts that total in-game purchase revenue for mobile games will reach $82 billion by 2025.On December 23, US President Donald Trump again pressured Venezuelan President Nicolás Maduro at a press conference in Florida on December 22, stating that his goal was to force Maduro to step down. When asked about the US seizure of an oil tanker in waters near Venezuela, Trump said his goal in Venezuela was to force Maduro to step down, adding, "It might work. I cant be sure. It depends on what he wants to do." He also threatened that if Maduro wanted to be tough, "that would be his last act of toughness." Trump said the US would retain the oil on the seized tanker, which could be sold or used for strategic reserves.Vankes A-shares and H-shares fluctuated and weakened, with Vanke Enterprise (02202.HK) falling by more than 2.5% and Vanke A shares falling by more than 2.6%. The companys plan to extend the fourth tranche of medium-term notes for 2022 was not approved, but the proposal to extend the grace period for principal and interest payments was approved.

FTX’s Bankman-Fried signs extradition papers as Wednesday hearing looms

Eric Stanberg

Dec 21, 2022 15:38

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FTX founder Sam Bankman-Fried has signed legal papers paving the way for his extradition from The Bahamas to the United States, where he faces fraud charges over the cryptocurrency exchange’s collapse, a Bahamas official said on Tuesday.


Doan Cleare, The Bahamas’ acting commissioner of Corrections, told Reuters the documents were signed around noon on Tuesday. A hearing in Bankman-Fried’s case will take place on Wednesday at 11 a.m. EST (1600 GMT), a court official told Reuters.


Wednesday’s proceeding could set the stage for the 30-year-old cryptocurrency mogul to depart the Caribbean nation, after several days of confusion about the status of Bankman-Fried’s extradition.


A U.S.-based lawyer for Bankman-Fried did not respond to requests for comment. A person familiar with the matter said Bankman-Fried intends to consent to extradition. Bankman-Fried has acknowledged risk management failures at FTX, but has said he does not believe he has criminal liability.


A spokesman for the U.S. attorney’s office in Manhattan declined to comment.


Bankman-Fried was arrested last week in The Bahamas, where he lives and where FTX was based, after a grand jury sitting in Manhattan federal court indicted him for allegedly stealing customer funds to plug losses at Alameda Research, his crypto hedge fund.


He initially told a Bahamas court he would contest extradition, but Reuters and other outlets reported over the weekend that he would reverse his decision.


During a court hearing on Monday at which Bankman-Fried appeared, his local defense lawyer Jerone Roberts said he had not been informed of the purpose of the proceeding. He later said that while his client had seen an affidavit laying out the charges against him, he wanted to access the complete indictment before agreeing to extradition.


Earlier on Tuesday, Roberts declined to comment as he departed Magistrate Court in capital Nassau. U.S. embassy officials earlier entered the courthouse, a Reuters witness said, but Bankman-Fried was not seen on Tuesday.


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