Following an EU’s announcement that most European nations will implement flight bans, Russian airlines face a near-total airspace blockade to the country’s west. On Sunday, a formal decision on the measure is likely. European countries, one by one, announced that… Read More ›
Airlines are now trying to assess the future and fate of air travel in Europe given the crisis in Ukraine. This crisis is hardly what airlines wanted as it comes as another stumbling block for the European airline industry wihch is… Read More ›
China has eased limits on Russian wheat imports, potentially alleviating food security worries in the world’s second largest economy while also reducing the impact of Western sanctions on Russia. The decision to allow wheat imports from all areas of Russia… Read More ›
In a statement the SWIFT international payments system said, it was preparing to implement new sanction measures by Western countries targeting select Russian banks in coming days. “We are engaging with European authorities to understand the details of the entities… Read More ›
The founders of cryptocurrency exchange BitMEX pled guilty to violating the Bank Secrecy Act by failing to develop an anti-money laundering programme, according to the United States Attorney’s Office in Manhattan. According to the U.S. Attorney’s office, Arthur Hayes and… Read More ›
The decision by Western allies on Saturday to restrict “selected” Russian banks from the SWIFT payments system would not only deal a catastrophic economic blow to Russia, but will also cause significant pain to their own businesses and institutions. And… Read More ›
The fallout of Russia’s invasion of Ukraine has spread to the global aviation industry with two more European countries banning Russian carriers and the European Union saying it would restrict the exports of aircraft parts. Virgin Atlantic and British Airways… Read More ›
On Saturday, in a statement the government of Taiwan said, it expects little impact on the supply of raw materials for semiconductors from the war in Ukraine. Following a meeting of the cabinet, Vice Premier Shen Jong-chin, said there would… Read More ›
On Saturday, Russian news agency RIA quoted Dmitry Medvedev, deputy head of the security council, as saying Moscow will respond to the seizure of funds owned by Russian companies and citizens abroad by seizing funds of foreigners and foreign companies… Read More ›
Chaos ruled the global oil market with top buyers of Russian oil struggling to secure guarantees at Western banks or find ships to take the crude from Russia, one of the world’s largest producers. As per four trading sources, at… Read More ›
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