Court reveals FTX boss spent roughly $300m on holiday homes and property

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A US bankruptcy court says troubled crypto firm FTX collapsed after being "run as a personal fiefdom of Sam Bankman-Fried". A lawyer leading the bankruptcy proceedings describes the situation as "one of most abrupt and difficult collapses in the history of corporate America". In Nigeria, all is set for President Muhammadu Buhari to unveil redesigned naira notes. The Organisation for Economic Cooperation and Development releases latest forecast, says world growth is set to slide from 3.1 percent this year to 2.2 percent next year. And Manchester United confirms Cristiano Ronaldo is to leave the club by mutual agreement.(Picture: Sam Bankman-Fried, CEO of FTX US Derivatives. Credit: Getty Images.)