Is China stockpiling gold? It seems like that as the World Gold Council has reported a sharp rise in gold purchases by the central banks around the world. The council's November report states that central banks bought over 399 tons of gold between July and September this year.

WION Fineprint | China: 2022 gold purchase highest since 1967

Italy government has approved its 2023 budget. Taxes on energy firms' extra profits set at 35%. Watch this report for all the details.

World Business Watch: Italy government approves 2023 budget

Shell has decided to 'evaluate' $30 billion British investment amid a windfall tax on oil produces. UK's economy is on a downward spiral. Watch this report.

World Business Watch: Shell to 'evaluate' $30 billion British investment

US air travel to be highest in three years after the pandemic as Americans are now more eager to travel. Watch this report for all the details.

World Business Watch: US air travel to be highest in three years

Slow online business has hit Zoom revenue. High inflation is also dampening customers' spending. Watch this report for details.

World Business Watch: Slow online business hits Zoom revenue

A 5.6 magnitude Earthquake jolted Indonesia on Monday afternoon. The tremors injured over 700 people. It has also raised questions on whether Earthquakes are slowly becoming more frequent.

Indonesia earthquake kills over 160

There is a battle for space in India's megacity Mumbai. It is India's most populous city. Now, climate change threatens to make the matter worst.

Battle for space in India's megacity: Climate change threatens to make the matter worse

Kenyan President William Ruto is currently on a DRC visit. Regional nations have joined forces to fight rebels. Watch this report for all the details.

Kenyan President William Ruto on DRC visit as regional nations join forces to fight rebels

As Iran faces criticism from the International Atomic Energy Agency over Tehran's lack of cooperation with the nuclear watchdog, a new report by Iran's news agency says the country has begun producing Uranium enriched at some 60% .

Iran: Stepping closer to bomb? 60% is a significant step towards weapons-grade enrichment

At least four people have been killed in a deadly explosion in Iraq. 27 people have been injured and the search for survivors is underway.

Gas tank explosion in Iraq: At least four killed in a deadly explosion

A massive fire engulfed a factory in China's Anyang. At least 36 people have been killed while two are still missing. 63 fire tenders battled the blaze.

At least 36 killed in factory fire in China; 63 fire tenders battled the blaze

Walt Disney Company has announced a change in the upper hierarchy of the company. Former CEO, Bob Iger will be returning to the company after two years. He'll be replacing his successor Bob Chapek.

Losses for Disney+ doubled to $1.5 billion; Bob Iger returns to Walt Disney Co.

Who will be Pakistan's next Army chief? Five Pakistan generals in the running. The process for the appointment has also begun.

Who will be Pakistan's next Army chief? The process for the appointment begins

The head of Iran's atomic energy agency has promised a firm answer to the International Atomic Energy Agency resolution censoring Iran and some analysts are predicting that negotiations over Iran's nuclear program could now be dead.

Iran vows 'firm answer' to IAEA resolution after the latter censures the former

Devastating floods, skyrocketing inflation, a crumbling economy and a reported collective loot, this seems to be the story of Pakistan. At present, the country is hit by floods and severe economic crisis. It may also be witnessing a constant loot by its leaders starting from former Prime Minister Nawaz Sharif to Pakistan South Chief Imran Khan.

WION Dispatch: Pakistan citizens battle skyrocketing inflation

Dozens of towns and cities in the United Kingdom are at the risk of disappearing into the sea within 80 years. The non-profit news organization climate central has published new maps. These maps present a sobering image of the disastrous effects of climate change in the UK.

WION Climate Tracker: Parts of UK at risk of submerging

The UK government has introduced a bill to cut the pay of Northern Ireland's lawmakers. Well, the bill proposes cut in salaries by over a quarter. Now the bill also includes an extension to the deadline for parties to form an executive in Belfast after the withdrawal of its largest Pro UK party, the Democratic Unionist party.

UK: Government proposes pay cut for Northern Ireland lawmakers

In Hong Kong, six former members of staff at defunct pro-democracy newspaper Apple Daily have pleaded guilty to conspiracy to commit collusion foreign forces in a closely watched national security case.

Hong Kong: Apple Daily ex-staff plead guilty to collusion

King Charles is set to host his first State visit since he has taken the throne. He welcomes the South African President to Buckingham palace today. The President and his wife arrived on Monday.

UK: South African President, wife to visit Buckingham palace

Reports suggest that crypto exchange FTX was on the radar of federal prosecutors long before its recent collapse.

According to a Bloomberg article that quotes persons familiar with the situation, Federal prosecutors from the US Office for the Southern District of New York were already looking into FTX's "massive exchange operations" as part of a larger investigation into cryptocurrency platforms with US and foreign subsidiaries.

Watch |&nbsp;The FTX bankruptcy scandal: Crypto exchange launches review of its global assets

<div class="videoWrapper trancodeVideo"><iframe allowfullscreen="" autoplay="1" class="includeVideo" frameborder="0" height="350" src="https://www.wionews.com/videos/the-ftx-bankruptcy-scandal-crypto-exchange-launches-review-of-its-global-assets-535923/embed" style="width:100%;max-width:560px;" width="560"></iframe></div>

Bloomberg reports that the US attorney's office in Manhattan is known for handling complicated financial crime cases, many of which involve cryptocurrencies.

The sudden collapse of FTX, one of the biggest cryptocurrency exchanges in the world, will&nbsp;be the subject of a hearing on December 1st, announced the US&nbsp;Senate Agriculture Committee on Thursday.

Also read |&nbsp;<a href="https://www.wionews.com/business-economy/report-reveals-how-ftx-founder-sam-bankman-fried-begged-for-a-rescue-but-failed-to-save-his-company-534778">Report reveals how FTX founder Sam Bankman-Fried begged for a rescue but failed to save his company</a>

Debbie Stabenow, chair of the Committee, also urged Congress to approve the bipartisan Digital Commodities Consumer Protection Act. She claimed that it "would have prohibited the misconduct and risky behaviour undertaken by FTX."

On November 11 FTX filed for protection from its millions of creditors under the US Bankruptcy law.&nbsp;

The declaration of bankruptcy left an estimated one million customers and other investors facing enormous losses worth billions of Dollars. As recently as last month, FTX was considered the world's second-largest cryptocurrency platform, which was at one point valued at $32 billion.

Also read |&nbsp;<a href="https://www.wionews.com/business-economy/ftx-bankruptcy-filing-claims-a-severe-liquidity-crisis-more-than-100000-creditors-534517">FTX bankruptcy filing claims 'severe liquidity crisis', more than 100,000 creditors</a>

As a result of the firm's failure, there is a liquidity crisis that has spread throughout the cryptocurrency sector and caused a sharp decline in the price of bitcoin and other digital assets.

Reuters reports that as per the bankruptcy filing, the cryptocurrency exchange owes fifty of its biggest creditors $3.1 billion, $1.45 billion of which is owed to the top ten creditors.

(With inputs from agencies)

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Reports suggest that crypto exchange FTX was on the radar of federal prosecutors long before its recent collapse. According to a Bloomberg article that quotes persons familiar with the situation, Federal prosecutors from the US Office for the Southern District of New York were already looking into FTX's "massive exchange operations" as part of a larger investigation into cryptocurrency platforms with US and foreign subsidiaries.

Reports suggest that crypto exchange FTX was on the radar of federal prosecutors long before its recent collapse. According to a Bloomberg article that quotes persons familiar with the situation, Federal prosecutors from the US Office for the Southern District of New York were already looking into FTX's "massive exchange operations" as part of a larger investigation into cryptocurrency platforms with US and foreign subsidiaries. Watch | The FTX bankruptcy scandal: Crypto exchange launches review of its global assets Bloomberg reports that the US attorney's office in Manhattan is known for handling complicated financial crime cases, many of which involve cryptocurrencies. The sudden collapse of FTX, one of the biggest cryptocurrency exchanges in the world, will be the subject of a hearing on December 1st, announced the US Senate Agriculture Committee on Thursday. Also read | Report reveals how FTX founder Sam Bankman-Fried begged for a rescue but failed to save his company Debbie Stabenow, chair of the Committee, also urged Congress to approve the bipartisan Digital Commodities Consumer Protection Act. She claimed that it "would have prohibited the misconduct and risky behaviour undertaken by FTX." On November 11 FTX filed for protection from its millions of creditors under the US Bankruptcy law. The declaration of bankruptcy left an estimated one million customers and other investors facing enormous losses worth billions of Dollars. As recently as last month, FTX was considered the world's second-largest cryptocurrency platform, which was at one point valued at $32 billion. Also read | FTX bankruptcy filing claims 'severe liquidity crisis', more than 100,000 creditors As a result of the firm's failure, there is a liquidity crisis that has spread throughout the cryptocurrency sector and caused a sharp decline in the price of bitcoin and other digital assets. Reuters reports that as per the bankruptcy filing, the cryptocurrency exchange owes fifty of its biggest creditors $3.1 billion, $1.45 billion of which is owed to the top ten creditors. (With inputs from agencies) WATCH WION LIVE HERE You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here.

FTX was under the federal radar long before its collapse: Report

Iran has started enriching uranium at its underground Fordow nuclear facility to a purity of 60 per cent, the country's nuclear head said on Tuesday.

This may vex&nbsp;Western powers pushing Iran to roll back its nuclear work by reviving the 2015 nuclear deal.

Iran is already enriching uranium elsewhere to up to 60 per cent&nbsp;purity, which is higher than the 20 per cent&nbsp;it produced prior to the 2015 agreement with major nations to curb enrichment at 3.67 per cent, but still far short the 90 per cent&nbsp;needed for material suitable for use in bombs.

ISNA news agency reported, "In a letter to the International Atomic Energy Agency (IAEA), Iran has informed the agency that it has started enriching uranium to 60% purity at Fordow site using IR-6 advanced centrifuges."&nbsp;

he IAEA's 35-nation Board of Governors on Thursday adopted a resolution directing Iran to expeditiously assist the organization's inquiry into uranium traces discovered at three undeclared locations.&nbsp;

At Fordow, a facility hidden beneath a mountain, the semi-official Fars news agency reported that Tehran has also begun the process of "replacing the first-generation centrifuges (IR-1) with advanced IR-6 ones."

Also Read:&nbsp;<a href="https://www.wionews.com/india-news/data-lab-cop27-should-india-contribute-to-loss-and-damage-fund-535972">Data Lab | COP27: Should India contribute to 'loss and damage' fund?</a>

Iran is only permitted to use first-generation IR-1 centrifuges under the 2015 nuclear agreement with six major world powers, but after United States'&nbsp;withdrawal in 2018, Tehran installed cascades of more effective advanced centrifuges, such as the IR-2m, IR-4, and IR-6.&nbsp;

According to a&nbsp;report from Reuters, Tehran was preparing to use IR-6 centrifuges at the Fordow site, which are capable of switching between different levels of uranium enrichment, in order to step up its uranium enrichment.

(with inputs from agencies)

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Iran has started enriching uranium at its underground Fordow nuclear facility to a purity of 60 per cent, the country's nuclear head said on Tuesday. This may vex Western powers pushing Iran to roll back its nuclear work by reviving the 2015 nuclear deal.

Iran has started enriching uranium at its underground Fordow nuclear facility to a purity of 60 per cent, the country's nuclear head said on Tuesday. This may vex Western powers pushing Iran to roll back its nuclear work by reviving the 2015 nuclear deal. Iran is already enriching uranium elsewhere to up to 60 per cent purity, which is higher than the 20 per cent it produced prior to the 2015 agreement with major nations to curb enrichment at 3.67 per cent, but still far short the 90 per cent needed for material suitable for use in bombs. ISNA news agency reported, "In a letter to the International Atomic Energy Agency (IAEA), Iran has informed the agency that it has started enriching uranium to 60% purity at Fordow site using IR-6 advanced centrifuges." he IAEA's 35-nation Board of Governors on Thursday adopted a resolution directing Iran to expeditiously assist the organization's inquiry into uranium traces discovered at three undeclared locations. At Fordow, a facility hidden beneath a mountain, the semi-official Fars news agency reported that Tehran has also begun the process of "replacing the first-generation centrifuges (IR-1) with advanced IR-6 ones." Also Read: Data Lab | COP27: Should India contribute to 'loss and damage' fund? Iran is only permitted to use first-generation IR-1 centrifuges under the 2015 nuclear agreement with six major world powers, but after United States' withdrawal in 2018, Tehran installed cascades of more effective advanced centrifuges, such as the IR-2m, IR-4, and IR-6. According to a report from Reuters, Tehran was preparing to use IR-6 centrifuges at the Fordow site, which are capable of switching between different levels of uranium enrichment, in order to step up its uranium enrichment. (with inputs from agencies)

Iran enriching uranium to 60% purity at underground Fordow nuclear site

Civil servants in South Africa are marching to the National treasury in Pretoria and eight other provinces. This comes in a bid to put pressure on the government over a wage dispute. Trade unions representing the civil servants say that they would continue to protest until their demands are met.

South Africa: Civil servants march to pressurise government over wage dispute

An explosion at a police compound has killed one police officer and left at least people 30 injured. Police say the number of people injured may rise.

Thailand: Explosion at a police compound kills one and leaves 30 injured

The record of the Pak Army Chief's assets has been leaked. According to Pak media, Bajwa's assets have increased manifold. A Pakistan Minister has now ordered a probe into the data leak.

Record of Pak Army Chief's assets leaked: Pakistan Minister orders probe into the data leak

Indonesia earthquake kills over 160 while 13,000 have been displaced

In this report, we bring you a spectacular meteor Illuminating Norway Skyline in rainbow colours. Spectacular sight of meteors burning up in the atmosphere can be seen. Watch video.

Meteor lights up the sky over Norway: Spectacular sight of meteors burning up in the atmosphere

You must have seen bags, watches, shoes that cost lakhs of rupees. Perhaps, you even own some of these goods. Are personal luxury goods worth your money? Can they be considered an investment or an asset? Should you invest in personal luxury? Listen in to Priyanka Sharma.

Gravitas Plus: Should you invest in personal luxury? Watch this.

Polls are underway in Nepal, close to 18 million people are eligible to vote. Political analysts are predicting a hung parliament and a government that is unlikely to provide much-needed political stability.

Nepal: Voters express displeasure over leaders, voting system

Malaysia is in a bit of a political turmoil. This comes after a totally contested general election throughout a hung Parliament for the first time in Malaysian history. Now in the latest, the government has told the political parties to submit their preferred Coalition partners by Monday.

Malaysia Elections 2022: Government asks parties to form new coalition

Those are on the way in Kazakhstan Presidential Elections, the snap vote comes after months of unrest in the country. It is expected to cement incumbent President's grip on power.

Kazakhstan: Snap vote after months of unrest, incumbent President Kassym-Jomart expected to win

The United Nations Climate Summit has finally came to an end with an agreement on how to tackle global warming. The UN has adopted the loss and damage fund to cover the losses suffered by vulnerable nations hit by the impact of global warming.

Guterres: World still needs a giant leap on climate ambition | COP27 Summit

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