Credit Suisse Additional Tier 1 (AT1) bondholders are exploring possible legal action following the state-backed rescue by UBS which wiped out AT1 bonds according to
On Monday shares of Credit Suisse fell 60 percent, a day after rival UBS acquired the troubled bank at a lowball price of 3 billion
Credit Suisse, Switzerland’s second biggest lender, announced it would borrow up to 50 billion Swiss francs, equivalent to $53.68 billion, from the Swiss National Bank
On Wednesday Credit Suisse lost nearly 25% of its value, plunging to a new record low. The Swiss bank’s largest investor, Saudi National Bank (SNB),
The collapse of Silicon Valley Bank (SVB) has resulted in problems for Chinese funds and tech start-ups that used the bank as a funding bridge
At the 2023 World Government Summit in Dubai, United Arab Emirates, Elon Musk spoke via video warning world leaders that one overriding authority is bad
Ukrainian President Volodymyr Zelenskyy announced he will continue partnership with BlackRock, the world’s largest investment management company, to rebuild war-torn Ukraine. He also announced Ukraine’s
Just days after former CEO Sam Bankman-Fried (SBF) of bankrupt FTX was released on a $250 million bond, activity was seen of outgoing funds transfers
Auditor Mazars has removed crypto exchange Binance proof-of-reserve audits from its website. This follows confirmation on December 7 by Mazars that Binance possessed control over
Projections from ratings agency S&P Global forecast India to surpass Japan and Germany as the world’s third-largest economy in the next decade. S&P Global analysts
Presidents Biden and Macron discussed multiple issues of common concern during a French state-visit, chiefly the ongoing war between Ukraine and Russia. Though Biden faces
The New York Times is hosting an event in New York City, The DealBook Summit, on November 30. The exclusive event costs $2,499 per attendee
FTX founder Sam Bankman-Fried was seen in the Bahamas on Saturday after the sudden collapse of his cryptocurrency empire, with up to $2 billion in
On Thursday the Bank of England warned the outlook for the economy is “very challenging” and raised interest rates to 3%, an increase not seen
Wheat prices in the U.S. have climbed to a two-week high after Russia announced that it was withdrawing from its July 2022 agreement to allow
The world’s second largest steel company, ArcelorMittal, has been forced to shut down two of the largest steel mills in Germany due to energy prices
The Russian ruble falls following President Vladimir Putin’s threats to use nuclear weapons and announcement of plans to call up 300,000 extra troops. Russia’s currency
Europe is facing another three to five years of gas shortages exacerbating the current energy crisis according to Ed Morse, Citigroup Inc’s global head of
The Chinese Government continues to use mass lock-down of cities under the country’s “zero-COVID” policy. The latest round of lock-downs includes Yiwu city in the
The first shipment of Ukrainian grain since the beginning of the Russia-Ukraine conflict cleared inspection in Istanbul on Wednesday bound for Lebanon. Turkish Trade Minister
At a peaceful protest in the Dutch city of Almelo on Monday, police used force on a group of farmers protesting over the removal of
Saudi Arabia announced its design behind The Line, a futuristic civilizational hub that is set to be developed as part of the country’s Vision 2030
In a report published by the World Economic Forum, the international lobbying group based in Switzerland is calling for a global transition away from private ownership
According to the U.S. Department of Agriculture, the latest cattle report shows the market has contracted to levels not seen in years, with total inventory dropping
Following a landmark deal between Ukraine and Russia to resume shipment of grain, the first ship left the Odesa port with destination to Turkey. It
On Friday, Russia and Ukraine reached an agreement as Turkey and the United Nations (UN) mediated to continue safe passage of grain and fertilizer as
Farmers in the Netherlands are protesting their government’s climate change plan by blocking highways and supermarkets with farm equipment and even spraying manure over government
The Biden administration sold roughly one million barrels from the Strategic Petroleum Reserve to a Chinese state-controlled gas giant. Unipec, CCP’s controlled oil company, continues
Nearly 5 million barrels of the Strategic Petroleum Reserve (SPR) — U.S. emergency oil reserves aimed at lowering domestic fuel prices — were exported to
The European Commission has committed to drafting a new emergency plan to help European Union countries deal with the repercussions of limited energy imports from
Russia became China’s largest oil supplier with 2.02 million barrels a day sold to China in May. This is a jump of almost 30% from
Venezuelan leader Nicolas Maduro and Iranian President Ebrahim Raisi signed a 20-year cooperation agreement Saturday, a day after Maduro praised the Islamic Republic for sending
According to the Daily Mail, Chinese officials held an emergency meeting with China’s financial institutions to defend the country from potential economic attack from Western
Joe Biden has requested an additional $33 billion from Congress to dramatically reinforce Ukraine’s military in support against Russia. The unprecedented request includes over $20
According to a UN report on Wednesday, Ukraine war set off a perfect storm for the world’s food, energy, and financial sectors. “The war in
CVS and Walgreens are facing a shortage of baby formula, which has forced the large retail chains to limit the amount of baby formula that
World leaders are preparing for an expected global food shortage due to the disruption of wheat production and trade caused by Russia’s invasion of Ukraine.
BlackRock co-founder and president Robert Kapito said that the global supply chain and soaring inflation crises will soon have dramatic effects on the U.S. economy.
As sanctions are imposed on Russia, a food shortage is “gonna be real,” Biden warns in a press conference at the NATO summit on Thursday,
At a round table meeting to discuss the world economy in the midst of the Russia-Ukraine conflict, Biden stated, “There’s going to be a new
Ukraine’s Ministry of Digital Transformation created the world’s first app combining digital identification with passports, licenses, insurance, social welfare benefits, Covid-19 vaccination records, and more.
Russia is spiraling closer to a historic debt default that could ripple throughout the global economy after the U.S. and its European allies hit the
According to The Times of India, the Indian government is developing the means to facilitate direct trade with Russia using the local currencies of the
According to the Wall Street Journal, Saudi Arabia is engaging in negotiations with Chinese officials to price oil sales to China in yuan instead of
OPEC and their oil-producing allies meet on March 2 to deliberate over the amount of daily oil production for April as Russia’s invasion of Ukraine
The U.S. stock market opened in red numbers Thursday after Russian President Vladimir Putin ordered an attack on Ukraine. Oil prices climbed overnight as investors
Inflation skyrocketed to its highest rate in January since 1982. Consumer prices surged 7.5% from 12 months ago — forcing the average American household to
India plans to launch a digital version of its currency, and China has similar plans. “Introduction of a central bank digital currency, will give a
The new book Red-Handed by Peter Schweizer reveals how Canadian Prime Minister Justin Trudeau has used his high office to further the interests of the
According to a new study by Johns Hopkins University, lockdowns in the U.S. and Europe had little or no impact in reducing deaths from COVID-19.
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