In a statement the National Settlement Depository said, Russian lender VTB has made coupon payments in roubles to holders of its domestic subordinated bonds denominated in dollars and euros. Russia’s ability to continue to service its debt in foreign currencies despite… Read More ›
In a significant development, the United States, Britain, and Australia agreed to collaborate on developing hypersonic weapons and electronic warfare capabilities. The new AUKUS alliance, launched in September 2021, prompted Australia to cancel a contract for a conventional French submarine… Read More ›
On Wednesday, South Korea said it will allow increase the number of international flights per week allowed to enter into the country beginning from May. The development marks a continued easing of anti-coronavirus measures with the Omicron wave on the… Read More ›
In a statement the Pentagon said, the U.S. State Department has approved the potential sale of defense equipment to Taiwan including items to support the Patriot Air Defense System and training in a deal valued at up to $95 million…. Read More ›
The World Bank lowered its 2022 growth prediction for East Asia and the Pacific to reflect the economic impact of Russia’s invasion of Ukraine, warning that if the situation worsens, the area could lose even more momentum. In a research… Read More ›
Thousands of auto employees have been laid off, and food prices have risen as Western sanctions hit Kaluga, a small Russian city known for its international carmakers, with more sanctions sure to follow. Since 2006, the Kaluga area, located 190… Read More ›
In a statement the US Department of Defense said, the State Department has approved the potential sale of up to 8 F-16 fighter planes and related equipment to Bulgaria, in a deal valued at $1.673 billion. The principal contractor for… Read More ›
Chinese Foreign Minister Wang Yi held a telephonic conversation with his Ukrainian counterpart, Dmytro Kuleba, with Beijing yet again calling to an end to the Russia-Ukraine conflict. The call, made at Ukraine’s request, was the first reported high-level conversation between… Read More ›
The UK government has drawn up plans for minting its own non-fungible token as a patrt of its strategy towards transforming the country into a “world leader” in the cryptocurrency area. Finance Minister Rishi Sunak has written to the Royal… Read More ›
Many global corporations have a presence in Shanghai, from Tesla’s gigafactory to a massive Disney resort. However, the normally bustling financial centre has been halted in recent days due to an increase in coronavirus diagnoses. Officials enforced a lockdown on… Read More ›
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