The Permanent Court of Arbitration in The Hague issued a landmark ruling ordering Russia to pay a record $5 billion in damages to Naftogaz, the state-owned Ukrainian energy company. The ruling stems from the confiscation of Naftogaz's assets on Ukraine's Crimean peninsula, which has been occupied by…
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economy
Lula: “Interest rates are very high”
The President of Brazil, Lula da Silva, once again insisted that interest rates at 13.75 % continue to be "very high" and are detrimental to businessmen who want to increase their investments in the country, being perceived as a figure that…
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…
Eurozone manufacturing PMI marks 4-month lows
The deterioration in factory activity in the eurozone worsened in March, when the purchasing managers' index (PMI) fell to 47.3 points from 48.5 the previous month, its worst reading in four months, according to S&P Global. Market…
TikTok was fined by the UK for data misuse
Chinese social media platform TikTok was fined £12.7 million (about $15.9 million) in the UK for various offenses, including misuse of children's data.
According to a statement issued by the UK Information Commissioner's Office (ICO),…
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…
Cryptocurrency companies struggle to access banking services in the UK
Cryptocurrency businesses face multiple difficulties in accessing banking services in the UK. According to various sources, the few banks that still work with cryptocurrencies are increasingly requesting more documentation and information…
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…
Cyberattacks cause losses of almost $6 billion a day to the global economy
The Israel Center for Computer Emergency Response (CERT) has reported that cyber incidents or attempted attacks through the network generate global economic losses of almost 6,000 million dollars daily.
CERT Executive Director Erez Tidhar…
Caracas Stock Exchange appoints new board of directors
This Tuesday, March 28, the Caracas Stock Exchange held its Ordinary Shareholders' Meeting, in which the members of the institution's Board of Directors were elected for the period 2023-2025.
The Principal Directors Gustavo Pulido Medina,…
Judge temporarily suspends sale of Voyager Digital to Binance.US
A federal judge temporarily suspended the sale of Voyager Digital to Binance.US for $1 billion.
The US Department of Justice requested an emergency stay, which was granted by Judge Jennifer Rearden of the US District Court in New York on…
Investors rotate their funds amid the banking crisis
The banking crisis caused a reorganization of the investments of the investors in the last two weeks. According to EPFR data obtained by the Financial Times, more than $286 billion has been invested in US money market funds in March.
The…