In a statement Russian President Vladimir Putin said, unfriendly countries will have to pay for gas in rubles. Following the announcement European gas prices soared since the move will exacerbate the region’s energy crunch. Western nations led by the United… Read More ›
Economy & Finance
Singapore relaxes COVID-19 norms
In a statement on Thursday, Singapore’s Prime Minister Lee Hsien Loong said, it is lifting more COVID-19 curbs including most restrictions for fully vaccinated visitors arriving in the country; it is also dropping requirements to wear masks outdoors. Singapore was… Read More ›
Thailand bans usage of digital assets for making payments from April 1 2022
On Wednesday, Thailand’s market regulator said, from April 1, 2022, it has banned the use of digital assets for being used to pay for goods and services. The move is in line with earlier discussions between the Securities and Exchange… Read More ›
Ukraine could lose agricultural exports worth $6 billon in 2021-2022
As per a senior industry official, Ukraine could potentially lose $6 billion in grain revenues following a blockade by the Russian navy preventing it from selling millions of tons of corn and wheat that it had earmarked for exports by… Read More ›
US UK sign new trade deal, ends tariffs on wide range of products
In a significant development, Britain and the United States ended a four-year dispute over aluminium and steel tariffs and pledged to collaborate to counter China. The trade deal sees the removal of US retaliatory tariffs a range of items including… Read More ›
Is It Possible For Companies Exiting Russia To Make Up Losses Through Insurance?
Hundreds of corporations, including Shell Plc, Hyundai Motor Co, and PwC, a worldwide professional services organisation, have said that they are withdrawing or halting activities in Russia as a result of the country’s invasion of Ukraine. The following are some… Read More ›
Debt Payments Are Proving Difficult For Russian Sanctions-Linked Companies
Investors were on pins and needles as coupon payments to international holders of Russian debt obligations tied to sanctioned oligarchs hit a snag due to Western sanctions prompted by Moscow’s invasion of Ukraine. According to a source close to the… Read More ›
Britain’s Advertising Watchdog Tightens Its Regulation Of Crypto Firms
The Advertising Standards Authority of the United Kingdom has increased its scrutiny of cryptocurrency advertisements and has ordered more than 50 companies in the crypto industry to adequately inform their customers that digital assets are unregulated and volatile. During the… Read More ›
Russia Ukraine conflict fuels wheat futures prices, other commodities also affected
With the Russian invasion of Ukraine driving up global wheat futures, Vance Ehmke, a U.S. farmer, was eager to sell his grain. Local prices surged by nearly 30% to around $12 a bushel, the highest Ehmke could recall in 45… Read More ›
Russia may not stop with Ukraine: NATO
Within hours of Russian missiles striking cities in Ukraine at the start of the conflict, German naval commander Terje Schmitt-Eliassen was told to sail 5 warships under his command to Latvia in order to help protect the most vulnerable part… Read More ›