Recent Posts - page 253
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Citigroup faces billions in losses due exposure to Russian market
Executives of Citigroup Inc have warned, the bank faces billions of dollars in losses from its Russian business even as it continues to help some of its 200 staff in Ukraine to leave the country. Towards the end of last year,… Read More ›
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Hacking of satellite system is casus belli: head of Russia’s space agency
In a statement the head of Russia’s space agency said, Moscow will treat any hacking of its satellite systems as a casus belli and a justification for war. Dmitry Rogozin, the head of Roscosmos has denied media reports that Russian… Read More ›
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EU will make sure Russia does not use crypto assets to circumvent sanctions: French Finance Minister
In a statement French Finance Minister Bruno le Maire said, the European Union aims to find ways to ensure that Russia does not use crypto currencies to circumvent EU sanctions. The European Union has fired three salvos of economic sanctions… Read More ›
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Revival of 2015 Iran nuclear deal close to finish line
In a statement the head of the International Atomic Energy Agency (IAEA) said it is slated to visit Tehran on Saturday. The development suggests that this could potentially help pave the way for a revival of Iran’s 2015 nuclear agreement…. Read More ›
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Ukraine Government Raises $270 Million Through Sale Of War Bonds To Fund Its Fight Against Russia
The government of Ukraine has generated up to 8.14 billion Ukrainian hryvnia ($270 million) through selling war bonds, according to the ministry. The bonds will have an 11 percent yield and a one-year maturity, according to a tweet from the… Read More ›
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Italy woos Intel with billions of euros, favorable terms, for domestic chip plant
As per a draft decree, Italy plans on allocating $4.6 billion (4 billion euros) until 2030 towards domestic production of chips as it attempts to attract more investment from tech companies including Intel to invest in its economy. The Italian… Read More ›
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Russia’s biggest lender Sberbank closes EU operations
In a statement on Wednesday, Russia’s biggest lender Sberbank said, it was exiting from almost all European markets following threats to its staff, property and large cash outflows. The development comes in the wake of the bank reporting a record annual… Read More ›
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