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Highlights

  1. Binance Founder Sentenced to 4 Months in Prison

    Changpeng Zhao, the founder and former chief executive of the Binance cryptocurrency exchange, had pleaded guilty to a money-laundering violation.

     By

    Changpeng Zhao, the founder of the Binance cryptocurrency exchange, walking into the federal courthouse in Seattle on Tuesday to face sentencing.
    Changpeng Zhao, the founder of the Binance cryptocurrency exchange, walking into the federal courthouse in Seattle on Tuesday to face sentencing.
    CreditGrant Hindsley for The New York Times
    1. Europe’s Economic Laggards Have Become Its Leaders

      More than a decade after painful austerity, Greece, Portugal and Spain have been growing faster than traditional powerhouses like Germany.

       By Liz Alderman and

      Monastiraki Square is a huge tourist attraction in Athens. Tourism has helped bolster the economies of Greece and other southern European countries.
      Monastiraki Square is a huge tourist attraction in Athens. Tourism has helped bolster the economies of Greece and other southern European countries.
      CreditHilary Swift for The New York Times
  1. High Fed Rates Are Not Crushing Growth. Wealthier People Help Explain Why.

    High rates usually pull down asset prices and hurt the housing market. Those channels are muted now, possibly making policy slower to work.

     By

    High interest rates aren’t affecting Americans who own assets like houses as much as many economists expected.
    CreditAlyssa Schukar for The New York Times
  2. Getir, a Rapid Grocery-Delivery Service, Exits the U.S. and Europe

    The company had expanded quickly to keep ahead of rivals, but like other pandemic darlings, its business lost steam after lockdowns were eased.

     By

    At its height, the privately held Getir was valued at nearly $12 billion after expanding quickly, buying up competitors and operating in nine countries.
    CreditSuzie Howell for The New York Times
  3. Walmart Is Shutting Health Centers After Plan to Expand

    The 51 locations, next to Supercenters, proved too costly to be profitable, the retailer said.

     By

    Walmart started its health center initiative in 2019, seeking to provide services to customers in smaller towns where residents might lack care options.
    CreditKirk Sides/Houston Chronicle, via Getty Images
  4. Hydrogen Offers Germany a Chance to Take a Lead in Green Energy

    A subsidiary of ThyssenKrupp, Germany’s venerable steel producer, is landing major deals for a device that makes the clean-burning gas from water.

     By Stanley Reed and

    Workers transporting cell modules for an electrolyzer built by ThyssenKrupp Nucera, next to a steel mill in Duisburg, Germany.
    CreditFelix Schmitt for The New York Times
  5. Even as He Faces Prison Time, Binance’s Founder Plans a Comeback

    Since pleading guilty to violating money-laundering rules, Changpeng Zhao, who ran the giant crypto exchange Binance, has networked across the United States to set up his next act.

     By David Yaffe-Bellany and

    CreditLincoln Agnew

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  6. DealBook Newsletter

    Paramount Faces a Mountain of Questions

    Bob Bakish, the media giant’s chief executive, is out, removing an obstacle to a deal with David Ellison's Skydance. But the company’s future is no clearer as a key deadline approaches.

    By Andrew Ross Sorkin, Ravi Mattu, Bernhard Warner, Sarah Kessler, Michael J. de la Merced, Lauren Hirsch and Ephrat Livni

     
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  10. Honeybees Invaded My House, and No One Would Help

    Responding to fears of a “honeybee collapse,” 30 states have passed laws to protect the pollinators. But when they invaded my house, I learned that the honeybees didn’t need saving.

    By Sarah Kliff

     
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