Connect with us

Business

The president of the UAE and the Saudi crown prince led mediation for Grainer’s release in a joint statement from Reuters

Published

on


© Reuters. US basketball player Brittney Griner, who was detained at Moscow’s Sheremetyevo airport and later charged with illegal possession of cannabis, stands inside a defendants’ cage for a hearing in Khimki outside Moscow, Russia on August 4.

DUBAI (Reuters) – The president of the United Arab Emirates and the Saudi crown prince have led mediation efforts to secure the release of American basketball star Brittney Greener in a prisoner exchange deal with Russia, a joint Saudi-Emirati statement said on Thursday.

The statement said that Greiner arrived in the UAE capital Abu Dhabi on a private plane coming from Moscow after her release by the Russian authorities, as the Russian citizen Victor Bout, a former arms dealer, came on another private plane coming from Washington after his release by the United States. authorities.

“The success of the mediation efforts was a reflection of the mutual and close friendship between the two countries, the United States of America and the Russian Federation,” the joint statement said.

Advertisement

She highlighted the importance of the role played by the leaderships of the two brotherly countries in promoting dialogue between all parties.

Saudi Arabia scored an earlier diplomatic victory in September by securing the freedom of foreign fighters captured in Ukraine, at a time of tension between Riyadh and Washington.

Saudi Arabia and the United Arab Emirates, both traditional allies of the United States, are members of the OPEC+ alliance of oil producers that includes Russia and have resisted Western pressure to help isolate Moscow over its invasion of Ukraine.

Their mediation reflects efforts to show that their relations with Russia are beneficial to Washington, which accused Gulf oil producers of siding with Russia when OPEC+ agreed in October to lower oil production targets over US objections.

Source link

Advertisement

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published.

Business

MicroStrategy is at its lowest level since 2020 after the sales were revealed

Published

on

By

(Bloomberg) — Shares of MicroStrategy touched their lowest level since August 2020 after the enterprise software company, which in recent years has been known as the largest buyer of bitcoin, revealed its first sale of the token.

Most Read from Bloomberg

The stock fell 1.1 percent to $136.63 on Thursday, down 75 percent this year. Bitcoin rose less than 1% to around $16,590 and is believed to have fallen 64% since the start of the year.

Advertisement

In a filing on Wednesday, MicroStrategy said it acquired approximately 2,395 Bitcoin between the beginning of November and December 21 through its subsidiary MacroStrategy, and paid out approximately $42.8 million in cash. It then sold 704 of the tokens on Dec. 22 for a total of about $11.8 million, citing tax purposes, before buying another 810 of them two days later.

Matt Malley, chief market strategist for Miller Tabak + Co. Step down as CEO. This news means they don’t seem to want to do that anytime soon.”

Overall, MicroStrategy held about 132,500 bitcoins worth over $4 billion USD as of December 27th. The company paid an average purchase price of $30,397 per bitcoin.

“Given MicroStrategy’s $2.4 billion in leverage, we believe the company may have a lot of leverage over Bitcoin, and may face some liquidity risk,” Jefferies analyst Brent Thiel wrote in a note on Wednesday. Thill has an “underperform” rating on the stock and a price target of $110.

Over the years of the pandemic, MicroStrategy has become well known for its Bitcoin takeovers, largely led by Saylor. Earlier this year, Saylor stepped down from that role and now serves as CEO at the company and continues to lead its bitcoin strategy.

Advertisement

MicroStrategy was trading around $120 before Saylor first announced the company’s Bitcoin purchases in 2020. The stock reached an all-time high of $1,315 in February 2021.

(Updates to include the stock’s closing price in the second paragraph.)

Most Read by Bloomberg Businessweek

© Bloomberg LP 2022

Advertisement

Source link

Continue Reading

Business

Bankman-Fried May File Petition in New York Federal Court Next Week Before Judge Louis Kaplan By Cointelegraph

Published

on

By



Former FTX CEO Sam Bankman-Fried is set to appear in court on the afternoon of January 3 to enter a lawsuit over two counts of wire fraud and six counts of conspiracy against him related to the collapse of cryptocurrency exchange FTX, according to Reuters. mentioned on December 28, citing court records. Bankman-Fried will appear before District Judge Lewis Kaplan in Manhattan.

Judge Kaplan was appointed to hear the case on December 27 after the original judge in the case, Ronnie Abrams, Resigned herself because of connections between FTX and the law firm Davis Polk & Wardwell, where her husband is a partner. The company provided advisory services to FTX in 2021.