As per a source familiar with the situation at hand, Russia has made payments towards sovereign bonds which were due this week, which was received by JPMorgan which processed it and made an onwards credit to Citi. With this Moscow has… Read More ›
Creativity
Amazon.com Inc closes $8.5 billion acquisition of MGM
In a statement Amazon.com Inc said, it had closed its $8.5 billion acquisition of MGM. It welcomes all MGM employees to the company and will work with the studio’s leadership, indicating that it would not lay off employees. On Tuesday,… Read More ›
No protection in investments in cryptoassets: EU’s securities, banking, insurance watchdogs
In a joint statement, securities, banking and insurance watchdogs of the European Union said, consumers risk losing all their money invested in cryptoassets. “Consumers face the very real possibility of losing all their invested money if they buy these assets,”… Read More ›
Canberra sanctions Russian oligarchs with links to mining industry
On Friday, Australia imposed sanctions on two Russian oligarchs with links to its mining industry, with one of them connected with an investment to Rio Tinto’s Gladstone alumina refinery joint venture. In a statement Australian Foreign Minister Marise Payne said,… Read More ›
COVID-19 curbs at Chinese ports threaten to whiplash global supply chain
With the coronavirus induced COVID-19 infections spreading in China, the length of container ships queued up outside major Chinese ports are increasing by the day with outbreaks in manufacturing export hubs threatening to unleash a fresh wave of global supply… Read More ›
Russian LNG gas deliveries resume supplies to Germany and Poland
According to data from German network operator Gascade, a section of the Russian Yamal-Europe pipeline has resumed eastbound gas delivery to Germany and Poland. According to the data, gas flows eastwards at the Mallnow exit point were at 4,296,828 kilowatt-hours… Read More ›
Rise in global COVID-19 cases tip of iceberg: WHO
In a statement the World Health Organization said, a global rise in COVID-19 cases could herald a much bigger problem following countries reporting a drop in testing rates. The WHO has warned countries to remain vigilant against the virus. COVID-19… Read More ›
Iran converts enriched uranium to near-weapons grade defies West
As per a report by UN Nuclear watchdog, Iran has converted some of its enriched uranium to near weapons-grade. This provocation is however unlikely to wreck indirect talks between Iran and the U.S. to revive the 2015 Iran nuclear deal;… Read More ›
US weighs dropping Iran’s IRGC from terror blacklist midst demands for crude oil
As per a source familiar with the matter at hand, the United States is considering removing Iran’s Revolutionary Guards from its foreign terrorist organization blacklist in return for Iranian assurances for reining in its elite force. According to the source,… Read More ›
Afghans Pushed Towards Cryptocurrencies Following US Sanctions Since Taliban Takeover
Since the Taliban assumed control of Afghanistan, the country’s economy has been in disarray due to US sanctions, collapsing banks, and the halt of international aid and financial flows. The cryptographic revolution is on its way to saving the day…. Read More ›
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