Meeting expectations of the market and economists, the United States Federal Reserve set the ball rolling for a hike in interest rates and eliminating the trillions of dollars in bonds on the central bank balance sheet in the latest meeting… Read More ›
Economy & Finance
China Has Added More Firms To A Trade Group Charged With Developing The Country’s Metaverse
A Chinese industry group that was created with the aim of expanding the country’s metaverse applications has added a new set of firms to the body so that it can more aggressively pursue its aim of catching up on the… Read More ›
Airbnb Notes City Travel Reaching Almost Pre-Pandemic Levels
Travelers are beginning to return to cities after being absent since the Covid-19 pandemic began, according to Airbnb, the leading online housing booking company in the world. According to the hotel website, the number of nights booked in cities in the latter… Read More ›
Ukraine hit by Distributed Denial of Service
Ukraine’s defense ministry and two banks were subject to cyberattacks with their online networks overwhelmed by the attacks. Ukraine’s information security centre pointed the finger at Russia. “It is not ruled out that the aggressor used tactics of little dirty… Read More ›
Germany ready for serious dialog with Russia over European Security: German Chancellor Olaf Scholz
In a statement German Chancellor Olaf Scholz said, he expects clear steps from Russia to de-escalate a potential conflict with Ukraine, saying Germany and its Western allies are prepared for serious dialogue with Russia over European security. “We are ready… Read More ›
Ukrainian insurance companies received notification that airlines were not covered for war risks
Although Russia and Ukraine hinted at new diplomatic efforts aimed at avoiding a conflict, two Ukrainian airlines have disclosed problems in securing insurance for some of their flights with foreign carriers beginning to avoid Ukrainian airspace. Ukraine’s biggest airline said,… Read More ›
UAE Turkey sign multiple agreements in signs of greater cooperation
In a significant development Turkish President Tayyip Erdogan landed in the United Arab Emirates marking his first visit to the Gulf state since 2013 underscoring greater economic cooperation between the two countries. According to a report from Emirati states news… Read More ›
UK’s Tax Authorities Seize NFTs For First Time In A £1.4m Fraud Case
The UK tax office has seized three Non-Fungible Tokens (NFT) as part of an investigation into an alleged VAT fraud involving 250 fictitious companies. According to HMRC, three people have been arrested on suspicion of attempting to defraud HMRC of… Read More ›
India’s Largest Insurer Life Insurance Corporation Files For $8 Billion IPO
India’s state-run insurance firm Life Insurance Corporation of India (LIC) is set to launch an initial public offering of $8 billion against a 5 per cent stake of the company and it has filed draft papers for the same with… Read More ›
US supply chain of rare gas, critical for chipmaking, at risk of Russian retaliation over US threats of export curbs on Russia
According to sources familiar with the matter at hand, the White House has issued warnings to the chip industry to diversify its supply chain in case Moscow decides to retaliate against threatened U.S. export curbs by blocking access to key… Read More ›