Coinbase Lays Off Around 1,100 Employees

Associated Press
Insider Q&A: Avelo Airlines CEO Andrew Levy describes the challenges of starting a new carrier
It's not easy to break into the U.S. airline industry, which is dominated by four big carriers and a sprinkling of other niche players, but that didn't scare away Andrew Levy. In April 2021, while COVID-19 still raged and billions of dollars from taxpayers were propping up big airlines, Levy launched Avelo Airlines with flights between Burbank, California, and Las Vegas. Levy was involved in the launch of ValuJet, which became Allegiant Air, and he also did a stint as the chief financial officer of United Airlines before starting Avelo (it rhymes with yellow).
4m ago
Associated Press
5 ex-officials were convicted over Greece's deadliest fire but freed after paying fines
A court in Athens convicted five former senior firefighting and disaster response officials on Monday, over a 2018 wildfire outside the capital that killed more than 100 people. The fire that swept through the seaside town of Mati, east of Athens, was the deadliest in the country’s history. The officials, including a former fire chief, received sentences of between 15 and 111 years for multiple counts of criminal negligence resulting in injury and loss of life.
11m ago
Time
Scotland's First Minister Humza Yousaf Resigns
Humza Yousaf was due to face two votes of no confidence this week following the break down of his ruling coalition.
16m ago
AFP
Yen swings after hitting new 34-year low; stocks mixed
The yen swung in volatile trade Monday as it rebounded soon after hitting a 34-year low against the dollar, fuelling speculation Japanese authorities had intervened to support the currency for the first time since late 2022."We're seeing huge volatility in the Japanese yen at the start of the week," said analyst James Mill at trading firm TickMill.
17m ago
Associated Press
China's Xi to visit France, Serbia, Hungary as Beijing appears to seek a larger role in Ukraine
Chinese President Xi Jinping will visit France, Serbia and Hungary next week as Beijing appears to seek a larger role in the conflict between Russia and Ukraine that has upended global political and economic security. The visit by Xi, China’s president and head of the ruling Communist Party, is his first to Europe in five years and will “inject new momentum to the peaceful development of the world,” Foreign Ministry spokesperson Lin Jian said at a daily briefing on Monday.
20m ago
Time
Trump and Trial’s Central Witness Share a Tortured History
When he testifies in Trump's trial, Michael Cohen will be a few yards away from the man he once considered like family
20m ago
Reuters
Georgia at political crossroads as 'foreign agent' bill draws protests
Georgia faces more protests this week as lawmakers resume debate on a "foreign agents" law that opponents denounce as a Russian-inspired tool to crack down on freedom of speech. The bill would force organisations receiving more than 20% of their funding from abroad to register as foreign agents, a term that carries connotations of spying. It has ignited a political crisis in the polarised South Caucasus country, which has hopes of joining the European Union and was awarded EU candidate status in December.
26m ago
Associated Press
Solomon Islands pro-Beijing prime minister won't keep his job following elections
Solomon Islands pro-Beijing Prime Minister Manasseh Sogavare on Monday withdrew from the contest to remain head of the strategically important South Pacific island nation’s government following general elections two weeks ago that are central to the U.S.-China rivalry in the region. During his previous term, China’s influence increased more in the Solomons than anywhere else in the South Pacific.
35m ago
CNN
Dozens killed after dam bursts in Kenya as weeks of heavy rain devastate region
At least 35 people have been killed and dozens of others are missing after a dam burst in southern Kenya, sweeping away homes and vehicles as the country grapples with weeks of heavy rains and devastating flash floods.
35m ago
CNN
Florida’s 6-week abortion ban set to take effect this week
A stricter abortion law is set to take effect in Florida on Wednesday — dropping the state’s 15-week ban to a six-week ban — and it will likely affect thousands of people seeking abortion care within the first month alone.
37m ago
Associated Press
Thailand's foreign minister abruptly resigns after being dropped as deputy prime minister
Thailand’s foreign minister abruptly resigned in dissatisfaction over a Cabinet reshuffle that removed him as one of the country's deputy prime ministers. Prime Minister Srettha Thavisin on Monday confirmed the report of the resignation of Parnpree Bahiddha-Nugara, saying that he respected the decision, and that he has already started looking for a replacement. Srettha said it was normal that some people would be upset by the reshuffle, adding that he already sent a message to Parnpree, apologizing and thanking him for his work.
43m ago
AFP
Last chance for global pandemic agreement talks
Countries returned to the negotiating table Monday for one last push to conclude an international agreement on how to handle future pandemics, with the most likely outcome being a slimmed-down accord that shelves some of the thorniest issues.The Intergovernmental Negotiating Body (INB) bureau conducting the talks issued a streamlined, 23-page new version on April 22 and wants to bar countries from proposing edits.
44m ago
Reuters
US FDA approves X4 Pharmaceuticals' therapy for immunodeficiency disease
(Reuters) -X4 Pharmaceuticals said on Monday the U.S. FDA has approved its therapy to treat a rare genetic immunodeficiency disease in patients 12 years of age and older, sending its shares up 16% before the bell. X4's mavorixafor, which will be sold under the brand name Xolremdi, is the first therapy to get U.S. approval specifically for the treatment of WHIM syndrome. WHIM is characterized by disorders in which the body's immune system does not function properly.
46m ago
CNN
Nine accused of far-right plot to overthrow German government go on trial
Nine suspected members of a far-right group plotting to restore the German Reich and install a minor royal as leader faced trial at a high-security courtroom.
50m ago
AFP
Dozens killed as dam bursts in flood-hit Kenya
At least 45 people died when a dam burst its banks near a town in Kenya's Rift Valley, police said on Monday, as torrential rains and floods battered the country.Late last year, more than 300 people died in rains and floods in Kenya, Somalia and Ethiopia, just as the region was trying to recover from its worst drought in four decades that left millions of people hungry.
53m ago
CNN
Spain’s PM Pedro Sanchez refuses to quit, vowing to fight ‘unfounded’ attack on his wife
Spanish Prime Minister Pedro Sanchez said Monday he will not resign, five days after canceling his public duties to “reflect” on whether to continue in the job, on the heels of a Spanish court opening a probe against his wife, Begoña Gomez.
1h ago
AFP
Filipino farmers struggle as drought and heatwave hits
Filipino farmer Daniel Velasco pumps water from a well in a desperate attempt to save his wilting vegetables, as a scorching heatwave and the worst drought in years hits crops.Some farmers like Velasco switched from rice to vegetables, which need less water, but even those are dying.
1h ago
AFP
G7 urged to be 'bold' in climate hotspot Italy
G7 environment ministers gathered in Turin on Monday for two days of talks, as the UN warned "excuses" for failing to take bold actions on climate change were "not acceptable"."'Challenging budget conditions' is not an acceptable excuse for failing to deliver substantial new public climate finance pledges," he told the ministers. ide/ar/db
1h ago
Reuters
Analysis-Panama presidential contenders downplay gathering economic clouds
With Panama's business-friendly reputation bruised by a recent move to close a copper mine accounting for 5% of GDP, the country's next president will face unusually tough choices in trying to get its economy back on an even keel. But while economists and even some politicians are urging the May 5 election's victor toward unpopular measures to boost depleted coffers - including a troubled state pension system - the five frontrunners are squarely focused on the spending side of the ledger. Fitch ratings recently downgraded Panama's debt to speculative grade, citing fiscal and governance pressures aggravated by the move to close First Quantum Minerals' giant copper mine following nationwide protests.
1h ago
Associated Press
Togo votes in parliamentary elections ahead of proposed controversial reforms
Togolese voters headed to the polls on Monday to vote in the country's parliamentary elections, which will test support for a proposed new constitution that would scrap future presidential elections and give lawmakers the power to choose the president instead. The opposition and the clergy say the legislation is an effort by President Faure Gnassingbe to prolong his rule. In early April, the government banned protests against the proposed new constitution and the arrest of opposition figures.
1h ago

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