The Bank of England has announced raising of interest rates on Thursday, which is the third time in a row, as the central bank pointed out towards the likelihood that the Russia-Ukraine war keeping rate of inflation high in the… Read More ›
Entrepreneurship
The Western Brands Still Forced To Remaining In Russia
Many Western brands have shunned Russia as a result of the invasion of Ukraine, but some have remained open in the nation and claim they are unable to close them. Complex franchise agreements preclude Marks and Spencer, Burger King, and… Read More ›
COVID-19 curbs at Chinese ports threaten to whiplash global supply chain
With the coronavirus induced COVID-19 infections spreading in China, the length of container ships queued up outside major Chinese ports are increasing by the day with outbreaks in manufacturing export hubs threatening to unleash a fresh wave of global supply… Read More ›
Russian LNG gas deliveries resume supplies to Germany and Poland
According to data from German network operator Gascade, a section of the Russian Yamal-Europe pipeline has resumed eastbound gas delivery to Germany and Poland. According to the data, gas flows eastwards at the Mallnow exit point were at 4,296,828 kilowatt-hours… Read More ›
Rise in global COVID-19 cases tip of iceberg: WHO
In a statement the World Health Organization said, a global rise in COVID-19 cases could herald a much bigger problem following countries reporting a drop in testing rates. The WHO has warned countries to remain vigilant against the virus. COVID-19… Read More ›
Iran converts enriched uranium to near-weapons grade defies West
As per a report by UN Nuclear watchdog, Iran has converted some of its enriched uranium to near weapons-grade. This provocation is however unlikely to wreck indirect talks between Iran and the U.S. to revive the 2015 Iran nuclear deal;… Read More ›
US weighs dropping Iran’s IRGC from terror blacklist midst demands for crude oil
As per a source familiar with the matter at hand, the United States is considering removing Iran’s Revolutionary Guards from its foreign terrorist organization blacklist in return for Iranian assurances for reining in its elite force. According to the source,… Read More ›
Afghans Pushed Towards Cryptocurrencies Following US Sanctions Since Taliban Takeover
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 ›
Peace talks more realistic: Ukrainian President Volodymyr Zelenskiy
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 ›
Repayment of $117M USD bond coupon in roubles would amount to sovereign default after grace period: Fitch
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 ›