Canada is set to impose a ban on the usage of equipment from the Chinese tech companies Huawei Technologies Co Ltd and ZTE Corp for in the country’s 5G network with the aim of national security. With this move, Canada… Read More ›
Economy & Finance
Crypto-Loving South Koreans Gamble On Luna Rising From The Ashes
South Korean speculators have poured into Luna, a cryptocurrency that lost 99.99 per cent of its value last week after its linked stablecoin TerraUSD failed, figuring they have little to lose with prices so outrageously low. Both coins are linked… Read More ›
Ukrainian ports blockade could be lifted once sanctions on Russia are reviewed: Andrei Rudenko
In a news bulletin Interfax news reported, Russia said sanctions by the West will have to be reviewed if it were to heed a U.N. appeal to open access to Ukraine’s Black Sea ports so that grain could be exported…. Read More ›
EU will not renegotiate post-Brexit trade rules: EU ambassador to UK
In a statement the EU’s ambassador to the UK, João Vale de Almeida said, the European Union will not give a new mandate to renegotiate post-Brexit trade rules for Northern Ireland since they have been agreed as part of the… Read More ›
Not legal for US to seize Russia’s frozen assets: Treasury Secretary Janet Yellen
In a significant development, US Treasury Secretary Janet Yellen said, the United States does not have the legal authority to seize frozen assets of the Russian central bank following its invasion of Ukraine. She also said, it is likely that… Read More ›
Why Hasn’t Indonesia’s Prohibition On Palm Oil Exports Lowered Cooking Oil Prices?
Indonesia, the world’s largest supplier of palm oil, has banned shipments of the edible oil since April 28 in an attempt to flood the domestic market with supply in order to control rising cooking oil prices. Despite these strict rules,… Read More ›
China’s Economy Dips In April As Factories And Retailers Are Shut Down
Widespread COVID-19 lockdowns confined workers and customers to their homes and significantly disrupted supply lines in April, casting a long shadow over the world’s second-largest economy. In March and April, full or partial lockdowns were imposed in key cities across… Read More ›
Russia Says It Has Nationalized Renault’s Moscow Factory
Following pressure over its prolonged presence in Russia, Renault has stated that it will sell its majority holding in Avtovaz. The French automaker announced that it will sell its 68 percent stake in Renault Russia to a Russian science institute,… Read More ›
Risk of US economy slipping into recession is high: former Goldman Sachs CEO
In a significant development a former CEO of Goldman Sachs, Lloyd Blankfein said, he believes the US economy is at risk of slipping into a recession, even as the U.S. Federal Reserve continues to tackle inflation by hiking interest rates. Blankfein… Read More ›
Sanctions have blocked $16-18 billion of exports to EU, US: Belarusian Prime Minister Roman Golovchenko
In a statement Belarusian Prime Minister Roman Golovchenko said, Western sanctions have blocked $16 to $18 billion worth of its annual exports to the European Union. Belarus has been hit by sanctions by the West after Russia sent troops into… Read More ›
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