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CEO of Sberbank: Russias accelerating inflation is mainly due to the loss of oil refining capacity.CEO of Sberbank: Russian consumption is beginning to decline, which is worrying.On September 3, Yang Xuedong, Director of the Sports Economy Department of the State General Administration of Sport, stated at a press conference held by the State Council Information Office that the focus will be on "science and technology innovation" to cultivate new growth points for the industry. Seizing the historical opportunities presented by the new round of technological revolution and industrial transformation, the government will improve the level of independent research and development and technological innovation in sports equipment manufacturing enterprises, accelerate the application of new technologies such as big data and artificial intelligence in the sports field, cultivate and expand new business models such as online sports live streaming, online training, virtual sports, and smart operations, and create more new models and scenarios for sports consumption through the innovative application of digital technologies. This will upgrade sports services from "standardization" to "personalization," meet the new demands of mass sports consumption, and give wings to the development of the sports industry through technology.September 3 – The China-Shanghai Cooperation Organization (SCO) Port Economic Cooperation Center was officially inaugurated in Tianjin today. The center focuses on three main areas: port clearance innovation, maritime facilitation cooperation, and port and shipping industry clustering. It aims to further improve the efficiency and intelligence of customs clearance supervision for agricultural and food products from SCO member states; provide 24/7 policy consultation, approval guidance, assistance, and coordination services for ships traveling to and from SCO member states; and promote the internationalization of port and shipping infrastructure and operational management technologies, attracting a number of projects to the Tianjin Binhai New Area Port and Shipping Industry Cluster.On September 3, the Chinese Embassy in South Korea and the Consulate General in Gwangju held multiple communications with the Gwangju Integrated Special City Government and the Gwangju Biennale Foundation regarding the Taiwan-related issues of the Biennale. China actively participates in the Biennale and supports its success, while emphasizing that South Koreas participation must adhere to its foreign policy towards China and comply with international law and practice. There is only one China in the world, and Taiwan is an inseparable part of Chinas territory. Taiwans only designation at the United Nations is "Taiwan, Province of China," and Taiwans participation in multilateral activities must be handled in accordance with the one-China principle. However, the organizers of the Gwangju Biennale stubbornly persist in their erroneous practices, openly agreeing to allow Taiwan to participate using a name completely inconsistent with its identity, seriously violating the one-China principle and directly damaging the political foundation of China-South Korea relations. China firmly opposes this and will never accept it. The Chinese curatorial team has announced its withdrawal from the Biennale, expressing strong protest.

New FTX chief says bankrupt crypto exchange could restart

Skylar Shaw

Jan 20, 2023 11:43

According to Chief Executive Officer John Ray, the bankrupt cryptocurrency exchange FTX is considering ways to resurrect its operations. He made the announcement to the Wall Street Journal on Thursday.


According to Ray, who took over the company's leadership in November, a task group has been established to look at reviving FTX.com, the organization's primary international exchange.


The CEO also said in an interview with the Journal that he would research if resurrecting FTX's international exchange would generate more value for the company's clients than his team could get by simply selling the platform or liquidating its assets.


Following the news, FTT, the native token of FTX, increased by around 30%.


I'm relieved Mr. Ray is now only pledging to restart the exchange after months of blocking such attempts! Sam Bankman-Fried, the founder and former CEO of FTX, said in a tweet.


Bankman-Fried said, "I'm still waiting for him to eventually acknowledge FTX US is solvent and return clients' money.


An inquiry for comment from Reuters was not immediately answered by an attorney representing FTX.


Bankman-Fried is accused of robbing the exchange's users of billions of dollars to settle debts accrued by his cryptocurrency-focused hedge fund, Alameda Research. He's denied the allegations of fraud.


Customer money' future, however, is still unknown. In a note to creditors earlier this week, FTX said that since declaring bankruptcy in November, hackers had stolen nearly $415 million in cryptocurrency from its worldwide and American exchanges.


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