On Wednesday, Australia’s intelligence chief said, a “troubling new strategic convergence” is taking place between China and Russia. The risk of a “major power conflict” has grown following Russia’s invasion of Ukraine. China’s President Xi Jinping appears to want to… Read More ›
Europe
Sanctions against Russia fueling growth of de-dollarisation, SWIFT alternatives
With Western countries tightening the noose on Russia over its invasion of Ukraine, Moscow’s allies in the emerging markets have begun exploring channels for trade and finance. Members of the erstwhile BRICs group, Brazil, India and China, are treading cautiously… Read More ›
EU aims to link energy grid with Ukraine
Energy ministers from European Union countries have agreed to urgently link their power system to Ukraine’s grid. The move would increase Europe’s energy independence from Russia following Russia’s invasion of Ukraine. The invasion by Russia, Europe’s top gas supplier, has… Read More ›
Europe, Canada close airspace to Russian jets, US has yet to decide
Canada and European nations moved to close their airspaces to Russian aircraft, in an unprecedented step aimed at applying pressuring on Russian President Vladimir Putin to end the invasion of Ukraine. Following the move, in a statement Russian airlines Aeroflot… Read More ›
Russia’s invasion of Ukraine puts Biden’s leadership to the test
On Thursday, Russian President authorized on what he called a “special military operations” into the Donbass region of Ukraine triggering the highest ever US-Russia tensions since the cold war. Putin ordered the deployment of the Russian military into Ukraine despite… Read More ›
US imposes sanctions on Russia’s Nord Stream 2 gas pipeline
The United States has imposed sanctions on the company in charge of building Russia’s Nord Stream 2 gas pipeline, in a move that expands US sanctions on Moscow. The sanctions, which target the Nord Stream 2 AG company and its… Read More ›
Impossible to quickly replace Russian LNG supplies to Europe: Qatar
In a statement Qatar’s energy minister said, not a single country, including Qatar, has the capacity to replace Russian gas supplies to Europe with liquefied natural gas (LNG) in the event of disruption due to a conflict between Russia and… Read More ›
E-Bike startup Zoomo raises $20M in Series B funding round
On Tuesday, Zoomo, a startup that designs and sells commercial grade e-bikes for online deliveries said, it had raised an additional $20 million in its latest funding round to fund its European expansion and grow its software and engineering teams…. Read More ›
Goldman Sachs’ Private Wealth Management division opens office in Monaco
In a statement Goldman Sachs said, its Private Wealth Management division had opened up a new office in the high net-worth hub of Monaco as part of broader European expansion plans. To this end, it has hired Arnaud Caussin, Thibaut Lambert… Read More ›
Ready to join US led sanctions on Russia: Japan
On Tuesday, Japan said it is ready to join the United States and allied nations in imposing economic sanctions against Russia, in the event Russia President Vladimir Putin orders an invasion of Ukraine, The statement from Japan, the world’s third… Read More ›