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Amazon.com Inc founder Jeff Bezos will give away a majority of his $124-billion wealth during his lifetime, the billionaire told CNN in an interview on Monday. Without providing further details, Bezos said he and partner, journalist-turned-philanthropist Lauren Sánchez, were “building the capacity to be able to give away this money.” The billionaire has committed $10-billion to fight climate change and protect nature through the Bezos Earth Fund, where he is the executive chair. The fund did not immediately respond to a Reuters request for comment. Country music star and philanthropist Dolly Parton received $100-million through the “Bezos Courage & Civility Award,” an honor recognizing leaders who “pursue solutions with courage and civility,” he said on Twitter on Saturday. Bezos, who stepped down as chief executive of Amazon in 2021, owns about 10 per cent of the ecommerce giant, along with news organization Washington Post and space tourism company Blue Origin. https://www...

New FTX CEO John Ray said there was flawed regulatory oversight and a lack of corporate control of the bankrupt crypto exchange founded by Sam Bankman-Fried in a U.S. court filing on Thursday. In the highest-profile crypto blow-up to date, FTX filed for protection in the United States on Friday after traders pulled $6-billion from the platform in three days and rival exchange Binance abandoned a rescue deal. “Never in my career have I seen such a complete failure of corporate controls and such a complete absence of trustworthy financial information as occurred here,” Ray said in the filing, which was lodged with the District of Delaware bankruptcy court. “From compromised systems integrity and faulty regulatory oversight abroad, to the concentration of control in the hands of a very small group of inexperienced, unsophisticated and potentially compromised individuals, this situation is unprecedented,” Ray added in the filing. Bankruptcy specialist Ray, who took over from Bankman-Frie...

Photo : metamorworks ( Shutterstock ) So you’ve aced the interview so far: You had the perfect anecdote for every question, you honestly but tactfully admitted your weaknesses, and you made the interviewer laugh. You’re ready to ride off into the sunset with this job, but then the interviewer gives you the floor to ask your own questions. What should you ask that’s going to make you look smart and knowledgeable, interesting and memorable? While the questions you ask during an interview might not get you the job offer on a silver platter, they can definitely move the needle and leave your interviewer feeling more confident about potentially adding you to the team. This is a chance to show that you’re thinking carefully about the opportunity and set you apart from other candidates, as well as learn information that will actually help you decide if you want to join this company. I’ve heard all kinds of advice about The Perfect Question to ask (“ask about success metrics so they know ...

JPMorgan CEO Jamie Dimon speaks at the Boston College Chief Executives Club luncheon, in Boston, Mass., on Nov. 23, 2021. BRIAN SNYDER/Reuters JPMorgan Chase & Co JPM-N Chief Executive Officer Jamie Dimon expects interest rates to go beyond 5 per cent as inflation remains high, he said in an interview with CNBC on Thursday. “I actually think rates are probably going to go higher than 5 per cent … there’s a lot of underlying inflation, which won’t go away so quick,” Dimon said. U.S. Federal Reserve officials in December predicted that the rate, currently in the 4.25 per cent-4.50 per cent range, would rise to just over 5 per cent by the end of 2023 and likely remain there for some time. Policy-makers at the central bank have said they will continue to push with interest rate hikes to get inflation firmly under control even as the economy shows signs of a slowdown. U.S. consumer prices fell for the first time in more than two-and-a-half years in December, adding to hopes that infla...

The European Central Bank (ECB) is set to raise interest rates by 50 basis points in both February and March and will continue to raise rates in the months after, ECB governing council member Klaas Knot said in an interview with Dutch broadcaster WNL on Sunday. “Expect us to raise rates by 0.5% in February and March and expect us to not be done by then and that more steps will follow in May and June,” Knot said. In a separate interview with Italian newspaper La Stampa published on Sunday, Knot said it was “too early to tell” if the ECB could slow down the pace of its rate increases by the summer. “At some point, of course, the risks surrounding the inflation outlook will become more balanced,” he said. “That would also be a time in which we could make a further step down from 50 to 25 basis points, for instance. But we are still far away from that.” https://www.tausiinsider.com/european-central-bank-set-to-raise-interest-rates-by-50-basis-points-in-both-february-and-march-knot-s...