The Swiss government defended its role in bailing out Credit Suisse Group through its takeover by rival UBS, saying intervention to prevent the collapse of the country's second-biggest bank was necessary to avoid "disastrous" consequences.
"The Federal Council was forced to intervene to maintain…
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Venezuela invited to participate in China’s lunar station project
In 2022, China announced progress towards the fourth phase of its Moon exploration project, called the International Lunar Research Station (ILRS). Now it has invited Venezuela to participate in said project.
The South American country is…
Malaysia and China seek to create an Asian Monetary Fund to counter the dominance of the dollar
Malaysian Prime Minister Anwar Ibrahim has proposed the creation of an "Asian Monetary Fund" as an alternative to the dominance of the US dollar and the International Monetary Fund (IMF) on the world financial stage. During a meeting with…
Russia studies closing Wikipedia and creating a national option
Russia's Presidential Council for the Development of Civil Society and Human Rights has acknowledged its intention to ban the Wikipedia encyclopedic portal, but not before developing a national "alternative".
"We need to create an…
World Bank forecasts growth of 1.4 % in Latin America
The World Bank's chief economist for Latin America and the Caribbean, William Maloney, reported that the institution slightly increased its growth prospects for the region and will grow by 1.4 %, due to the effects of increases in bank…
Norway announced sanctions against Russia
The Government of Norway announced new sanctions against Russia and its president, Vladimir Putin, in retaliation for the invasion of Ukraine and in line with the latest series of restrictions adopted by the European Union on February 25,…
World Bank concerned about China’s loans to Africa
The president of the World Bank, David Malpass, affirmed that he views with "concern" the concessions of bank credits that China has granted to several African countries.
In an interview, Malpass assured that the terms and conditions of…
Italy temporarily banned the use of ChatGPT
The illegal collection of user data in Italy by the ChatGPT bot, powered by Artificial Intelligence, led to its temporary blocking by the authorities of the Guarantor office for the Protection of Personal Data.
The GPDP reported on Friday,…
Russia assumed the presidency of the UN Security Council
Russia has assumed this Saturday the monthly rotating presidency of the UN Security Council amid criticism from Ukraine and its allies, who remind Moscow of its repeated mockery of the international legal system.
Each of the 15 members,…
Finland will officially be a member of NATO
The Secretary General of NATO, Jens Stoltenberg, through a press conference reported this Monday that Finland was admitted to the military alliance and that its accession will be made official this Tuesday, in a ceremony in which the…
Costa Rica will negotiate a free trade agreement with Israel
The Minister of Foreign Trade of Costa Rica, Manuel Tovar, and the Minister of Economy and Industry of Israel, Nir Barkart, have signed this Wednesday a memorandum of understanding on trade and have agreed to start negotiations to achieve a…
Putin believes that sanctions negatively affect Russia
The president of Russia, Vladimir Putin, admitted that the sanctions received as a result of the military offensive launched against Ukraine "may negatively affect" the evolution of the Russian economy, although he defended that in general…