Afloat
| Use attributes for filter ! | |
| Originally published | 1888 |
|---|---|
| Authors | Guy de Maupassant |
| Genres | Fiction |
| Date of Reg. | |
| Date of Upd. | |
| ID | 2978504 |
About Afloat
Afloat is an 1888 story by Guy De Maupassant. Ostensibly it is a logbook of a nine-day cruise along the côte d'Azur. The French original was given illustrations by Édouard Riou who the previous year had illustrated Alexandre Dumas' Le Comte de Monte-Cristo, and would also illustrate Maupassant's Un soir.
Tom Kerridge: Hospitality strain like 'walking uphill, on glass, barefoot'
... This means pubs and restaurants are having to raise prices to stay Afloat - just when customers, affected by the cost-of-living crisis, have less money in their pockets...
FTX: Crypto firm collapses into bankruptcy
... With FTX, the second largest going under, pressure will be on the remaining companies to prove they have the financial strength to stay Afloat...
Morrisons makes last minute bid to save McColl's
... McColl s is running out of cash, and needs an injection of funds to stay Afloat...
Megayachts and oligarchs: ‘We're scared of getting close to wrong money'
... And as the hunt continues for Russian-owned vessels, the people who keep them Afloat - designers, architects, shipyard owners and on-board staff - may also face trouble as their ultra-wealthy clients are sanctioned, leaving yachts empty and wages unpaid...
Coronavirus: Where is all the hand sanitizer?
......
FTX: Crypto firm collapses into bankruptcy
Embattled cryptocurrency exchange FTX has filed for bankruptcy in the US, seeking court protection as it looks for a way to return money to users.
The Company said that former boss Sam Bankman-Fried had also stepped down as chief executive.
It said The Goal was to " begin an orderly process to review and monetize assets for the benefit of all global stakeholders".
The moves cap a week of huge turmoil for The Company .
Earlier This Week , customers rushed to withdraw their funds as rumours swirled that FTX and other firms headed by Mr Bankman-Fried were on shaky financial ground.
Mr Bankman-Fried tried to organize a bailout, hoping to be bought by Binance, a rival, And One of The World 's biggest cryptocurrency exchanges.
But Binance walked away from The Deal , leaving FTX, An Exchange used to buy and sell digital tokens, scrambling to raise billions of dollars.
" I'm sorry, " Mr Bankman-Fried wrote on Twitter on Thursday. " I. . should have done better. "
The bankruptcy proceeding will involve FTX as well as Alameda Research, a trading firm founded by Mr Bankman-Fried, and roughly 130 affiliates, according to The Statement FTX shared on Twitter.
The Bbc is not responsible for the content of external sites.John J Ray III, a lawyer who previously worked at a Venture Capital firm and has experience with bankruptcy, was named chief executive in Mr Bankman-Fried's place.
" The FTX Group has valuable assets that can only be effectively administered in an organised, joint process, " Mr Ray said in The Statement .
Prior to the meltdown, Mr Bankman-Fried had been one of The Stars of the crypto scene, frequently speaking on behalf of the industry before regulators and considered a billionaire.
They say fortunes can be made and lost in " cryptoland" in the blink of an eye. But there's not been a downfall quite like that of Sam Bankman-Fried.
Just months ago, the 30-year-old billionaire was being compared to the investment magnate Warren Buffett .
He was nicknamed the " King of Crypto" and not just surviving the tough crypto climate of 2022 but thriving.
In little over a week, his FTX empire has collapsed, plunging the wider cryptocurrency market into the doldrums Once More with the value of coins tanking.
Mr Bankman-Fried admits that the downfall is " on me" but that will be scant consolation to the potentially 1. 2 million FTX customers who could now lose their crypto savings.
All eyes will turn now to The Other major cryptocurrency exchanges. With FTX, The Second largest Going Under , pressure will be on The Remaining companies to prove they have the financial strength to stay Afloat .
Source of news: bbc.com