In a recent revelation, Brian Armstrong, the CEO of Coinbase, the largest cryptocurrency exchange in America, disclosed that the company was asked by the Securities and Exchange Commission (SEC) to halt trading on all cryptocurrencies except for Bitcoin before facing a lawsuit in June. Armstrong claimed that complying with this request would have been catastrophic for the entire crypto industry in the United States.
Qatar Airways Scores a Whopping $1.2 Billion Profit Fueled by the World Cup
The global airline industry has experienced a resurgence in profits amid a strong demand for leisure travel and the excitement of major events such as the World Cup. Notably, Qatar Airways emerged as a standout performer, recording a staggering $1.2 billion profit for the past fiscal year, driven primarily by the success of the FIFA World Cup held in Qatar.
Beer Sales Slump in Asia Puts Heineken’s Profit at Risk
Heineken, the Dutch brewing giant renowned for its eponymous beer label and a portfolio of more than 300 brands, including Tiger beer and Amstel Lager, faced disappointing earnings and a cut in its financial outlook for the first half of 2023. The main culprit behind the decline in net profit was the sluggish demand for beer in the Asia Pacific region, which typically represents the company’s most profitable market.
