Basel rules: Banks to hike capital by 6% to ensure compliance by end of the decade. – BoE
By the end of the decade, the Bank of England estimated that applying the final set of international bank capital regulations in Britain would result
AfDB approves a $114 million loan for Africa’s first EV battery gigafactory in Morocco.
On Friday, the African Development Bank (AfDB) announced that it had authorized a €100 million ($114 million) loan to support the construction of Africa's first
Amazon fined $2.5 billion for duping millions of customers with Prime subscription. – FTC.
A historic order has been obtained by the Federal Trade Commission from Amazon.com, Inc., Senior Vice President Neil Lindsay, and Vice President Jamil Ghani. This
FX swap debt of over $80 trillion threatens global financial system – BIS
Pension funds and other “non-bank” financial institutions now have more than $80 trillion in secret, off-balance sheet dollar debt in the form of FX swaps,
Cyber-attack: Amnesty International Canada hacked for 3 weeks by China.
Amnesty International’s Canadian affiliate reported on Monday that a cyberattack supported by China had targeted the organization. The human rights organization claimed to have discovered
Banks sharing pay details to limit competition – Swiss watchdog.
A preliminary investigation into whether dozens of banks inappropriately shared information regarding employee pay has been launched by the Swiss Competition Commission (Comco). “In the
The World moving towards the Cold War era – Germany’s Scholz
In an opinion piece for Foreign Affairs magazine that was posted online on Monday, German Chancellor Olaf Scholz cautioned against starting a new Cold War
Russian oil: Europe to be cut off as $60/barrel price cap is rejected.
Russian authorities threatened to cease supplying the countries that supported the price cap for the country’s oil on Saturday after rejecting it. Australia, Britain, Canada,
FedEx driver kidnapped and murdered a 7-year-old Texas girl.
Two days after being reported missing, a 7-year-old Texas girl was found dead. A FedEx delivery driver has been detained in connection with her death,
TikTok, the most downloaded internet app is controlled by China and is a threat to US national security. – FBI
Chris Wray, director of the FBI, said on Friday that the Chinese government, which “doesn’t share our values,” controls the popular video-sharing app TikTok, raising
Russian seaborne oil: G7 set a $60/barrel cap to limit Russia’s revenue and stabilize global oil prices.
The Group of Seven (G7) and Australia have joined the European Union in establishing a $60 per barrel price restriction on Russian oil. The countries
Russian gold bars worth $140b hidden in London, New York, and Zurich to evade sanctions.
In an effort to stop Russian businesses or the Russian central bank from circumventing sanctions, the London Bullion Market Association (LBMA) is compiling a database
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