In a statement Air Lease Corp said, it is weighing options to write-off the value of 27 jets that are in sanctions-hit Russia, in a move that could lead to charges of nearly $802 million. Global aircraft leasing companies have scrambled… Read More ›
Economy & Finance
Renault Is Considering Issuing An IPO To Separate Its Electric Vehicle Division
Renault said on Friday that all possibilities for separating its electric vehicle (EV) business were on the table, including a possible public listing in the second half of 2023. Renault’s finance head, Thierry Piéton, said any plans would be subject… Read More ›
Snap Warns That Rising Inflation Could Stifle Revenue Growth, But Expects More Users
Snap Inc forecasted a bright future for user growth on its Snapchat app on Thursday, but warned that supply-chain interruptions and inflation could continue to harm ad demand. Snap’s stock dropped as much as 10 per cent after the announcement,… Read More ›
Current physical damage in Ukraine stands at $60B: World Bank President
In a statement, David Malpass, the president of the World Bank said, physical damage to buildings and infrastructure in Ukraine as a result of the war has touched roughly $60 billion and is set to rise further since the Biden… Read More ›
Germany to provide further $40.12M in reconstruction to Ukraine
According to sources from Germany’s development ministry, Berlin will provide a further $40.12 million (37 million euros) to Ukraine for reconstruction after the war. While around 22.5 million euros would go towards reconstructing Ukraine’s power grid while an additional 14.4… Read More ›
Musk’s Boring Company valued at $675 in Series C funding
In a statement The Boring Company said, it has raised $675 million in a Series C funding round, which valued the company at $5.675 billion. Elon Musk’s tunnelling company said, it will use the proceeds to ramp up hiring across… Read More ›
Boris Johnson to offer FTA, export opportunities during Indian visit
During his two visit to India, British Prime Minister Boris Johnson is set to offer New Delhi help to cut its reliance on Russian oil and defence equipment in a visit that will test his diplomatic skills and provide some… Read More ›
G7 finance ministers pledge 24 billion for 2022 and beyond to Ukraine
Finance ministers from the Group of 7 wealthy countries said, together they have pledged additional support to Ukraine in excess of $24 billion for 2022 and beyond; they also said, they were prepared to do more as and when required…. Read More ›
In March, ‘Panicked’ Russians Withdrew $9.8 Billion In Foreign Currency From Banks
Due to the severe financial western sanctions on Russia over its invasion of Ukraine, Russian families withdrew $9.8 billion in foreign currency from their accounts in March, while banks slashed new corporate lending by approximately one-third, according to the coutnry’s central bank. “The… Read More ›
Crypto Sector Is Being Held Back By Bitcoin’s ‘Tribalism,’ Says Ripple’s CEO
According to the CEO of blockchain firm Ripple, “tribalism” around bitcoin and other cryptocurrencies is dragging back the entire $2 trillion sector. “Polarization isn’t healthy in my judgement,” Ripple CEO Brad Garlinghouse said in a CNBC-hosted fireside chat at Paris… Read More ›
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