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 ›
In the aftermath of Russia’s invasion of Ukraine, the International Energy Agency (IEA) believes that that three million barrels per day (bpd) of Russian oil and products may not make their way to market starting in April, as sanctions bite and… Read More ›
On Wednesday, Ukrainian President Volodymyr Zelenskiy said, peace talks between Ukraine and Russia were becoming more realistic although more time was required to hammer out a deal. According to Ukrainian officials, there are hopes that the conflict could end sooner… Read More ›
In a statement credit ratings agency Fitch said, if Russia were to repay the two U.S. dollar bond coupon maturing on Wednesday in roubles, it would amount to a sovereign default once the grace period expires. Western sanctions on Russia… Read More ›
As per three sources familiar with the matter at hand, regulators at the European Union have told some banks to scrutinise transactions by all Russian and Belarusian clients, including EU residents, in order to ensure that they are not used… Read More ›
Intel is scheduled to announce its investment plans for semiconductor research and manufacturing in Europe, suggesting that it has finalized locations of its new factories in Europe. In September 2021, Intel had unveiled plans to invest $95 billion in Europe… Read More ›
Germany has decided to purchase 35 U.S. F-35 fighter jets to replace its ageing Tornado fighters that are capable of delivering a nuclear bomb. The development sees a significant shift in German security policy, including a pledge to reach NATO’s… Read More ›
Pfizer Inc, the global pharmaceutical company based in the United States, said on Monday that it would continue to deliver pharmaceuticals and drugs to Russia on a humanitarian basis but would not conduct new clinical trials or recruit participants for current research… Read More ›
Tencent’s stock dropped sharply in Hong Kong on Monday after the Wall Street Journal reported that the Chinese internet giant might face a record punishment for breaking anti-money laundering regulations. According to the Wall Street Journal, WeChat Pay, Tencent’s mobile… Read More ›
As per a report from the Wall Street Journal, a few U.S. hedge-funds which have investments from Russian oligarch Roman Abramovich have been told to freeze his assets after Britain imposed sanctions on him. Britain has frozen his assets and… Read More ›
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