On Thursday British lawmakers warned, a digital pound which will be used by consumers is likely to affect the country’s financial stability, erode privacy and raise the cost of credit. The digital pound would need greater appraisal before its widespread… Read More ›
Citigroup Inc has announced that it will close its Citibanamex consumer banking operation in Mexico, ending a 20-year retail presence in the country that was the last of the bank’s overseas consumer businesses. Citigroup’s decision to sell or spin off Citibanamex,… Read More ›
On Wednesday, British Trade Minister Anne-Marie Trevelyan arrived in India in an effort to boost economic ties between the two countries. The development marks Britain trying to sign trade deals after its departure from the European Union – the world’s… Read More ›
In a significant development, the European Court of Human Rights ruled that Bulgaria violated the European Convention of Human Rights citing its secret surveillance and retention and accessing of communication data. The court order comes after two Bulgarian lawyers and… Read More ›
In the months to come, the European Union plans to introduce legislation which will require technology companies to comply with laws aimed at tackling child sexual abuse, said a top EU official. In an interview to Germany’s Welt am Sonntag… Read More ›
In a report Caixin said, China’s Shimao Group Holdings has put on sale all of its real estate projects, including residential and commercial properties. The development marks the Chinese property developer accelerating asset disposals following cash shortages. Shimao, which defaulted… Read More ›
In a statement Blackstone Inc said, it would invest around $3 billion in the largest private renewable energy company in North America. The deal marks Blackstone, the world’s largest manager of alternative assets boosting its sustainability credentials in Invenergy Renewables Holdings… Read More ›
In a statement U.S. Trade Representative Katherine Tai expressed strong U.S. support for Lithuania in the face of “economic coercion” from Beijing during a call with EU Executive Vice President Valdis Dombrovskis. The development assumes significance since this is the… Read More ›
Electric car sales increased dramatically last year in the United Kingdom, although the market as a whole did not rebound completely from the Covid-19 pandemic hit. According to the Society of Motor Manufacturers and Traders, more electric cars were registered in 2021… Read More ›
As it tries to ward off Chinese diplomatic and trade pressure on Lithuania, Taiwan has announced the establishment of a $200 million fund to invest in the Baltic state. Taipei has stated that it plans to make its first investment… Read More ›
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