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The South African government announced that retail petrol prices will be reduced by 65 cents per liter in February.S&P: Indias general government fiscal deficit is likely to gradually decrease from 7.3% of GDP to 6.6% of GDP by fiscal year 2026.German Retail Federation (HDE): The German retail industry is projected to achieve 2% revenue growth by 2026.February 2nd - A closely watched indicator of the health of the UK manufacturing sector rose to its highest level since August 2024 in January, as new orders saw their largest increase in nearly four years, further confirming signs of recovery in the sector. The final manufacturing PMI rose to 51.8 in January, up from 50.6 in December and slightly above the preliminary reading of 51.6. The new orders sub-index jumped to 53.2 from 50.2, its highest level since February 2022, mainly driven by the first increase in export orders in four years. Rob Dobson, head of global market intelligence at S&P, said: "The UK manufacturing sector has had a solid start to 2026, demonstrating encouraging resilience. Business confidence has also rebounded positively, reaching its highest level since before the autumn 2024 budget." The data also showed that manufacturing employment continued to decline, but at the smallest rate since Reeves raised the employment tax in October 2024, while business input costs rose by the largest amount since August 2025.The UKs final manufacturing PMI for January was 51.8, below the expected 51.6 and the previous reading of 51.6.

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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