In a statement Block Inc reported a first-quarter operating profit that has topped analysts’ estimates. With the news reaching the market, Block’s shares rose by 10% in extended trading. Block also reported a lower-than-anticipated adjusted profit after demand for bitcoin weakened… Read More ›
On Tuesday, New Zealand imposed new sanctions on Russia’s largest banks and financial institutions, following its invasion of Ukraine. “We are deeply concerned at the reports of brutality from Russian forces,” said Foreign Minister Nanaia Mahuta in a statement. “New… Read More ›
As per three sources familiar with the matter at hand, regulators at the European Union have told some banks to scrutinise transactions by all Russian and Belarusian clients, including EU residents, in order to ensure that they are not used… Read More ›
On Monday, the central bank of Portugal said, it has instructed lenders to freeze the accounts of entities and people who have been targeted by sanctions. Western countries have moved to isolate Russia and have targeted it’s economy and financial… Read More ›
The number of Western companies looking to exit from Russia is growing with energy giants BP, Shell, HSBC and the world’s biggest aircraft leasing firm AerCap joining the list. Following Russia’s invasion of Ukraine, Western countries have slapped punitive economic… 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 ›
British Prime Minister Boris Johnson has unveiled the country’s biggest-ever package of sanctions against Russia targeting banks, members of President Vladimir Putin’s closest circle and wealthy Russian Oligarchs. Many western nations are imposing tough economic sanctions against Russia in response… Read More ›
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 ›
According to two sources with knowledge of the matter at hand, the European Central Bank has begun preparing banks for a possible cyber-attack from Russian actors. The standoff between Russia and Ukraine has hit a nerve in Europe’s political and… Read More ›
In the first ever public meeting, Abu Dhabi Crown Prince Sheikh Mohammed bin Zayed al-Nahyan played host to Israel’s prime minister Naftali Bennett, following the formalisation of Israel-UAE ties in 2020. Ahead of the talks, Israeli ambassador to Abu Dhabi… Read More ›
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