Business – Page 17 – PressClub World

28. 6. 2022 No Responses

Sri Lanka Asks Russians For Help, Suspends Fuel Sales Amid Economic Collapse

A broken and extremely cash-strapped Sri Lanka halted all fuel sales except for essential services in a desperate attempt to manage a severe fuel shortage — allowing the government to buy some time and send two government officials to Russia...

25. 6. 2022 No Responses

GS Supposedly Lead Group of Vultures to Buy Celsius after Bankruptcy

The Wall Street bank is seeking $2 billion in commitments from vulture investors to buy distressed digital assets at steep discounts if the crypto DeFi lender goes bankrupt. Goldman Sachs appears to be gauging interest and soliciting commitments from Web3...

24. 6. 2022 No Responses

Russia Will Pay Its Foreign Debts in Rubles

On June 23, Russian President Vladimir Putin signed a decree on the payment of foreign currency debt in rubles. Roughly speaking, transactions will be made through a ruble account at the domestic market rate. Payment of such debt on the...

23. 6. 2022 No Responses

FED: Banks could withstand 10% unemployment, 55% stock price drop in annual stress test

The Fed sees banks will have enough capital to keep lending even if unemployment rises to 10% under a hypothetical scenario. The Federal Reserve Board on Thursday projected the potential for a rockier road ahead for banks than it did...

22. 6. 2022 No Responses

ECB Emergency Meeting Creates Emergency

Were it not for the ECB calling an emergency meeting last Thursday, most market participants would not have realized there was an emergency in the bond market. Apparently, the sharp rise in yields on Italian bonds after the ECB stopped buying...

17. 6. 2022 No Responses

Musk Hit With $258 Billion Dogecoin Lawsuit

During his all-hands Q&A with Twitter employees, Elon Musk let slip a few details about his thoughts on crypto and payments within Twitter. After discussing subscription and advertising revenues, Musk notes that “I think payments would be an interest...

16. 6. 2022 No Responses

Siemens confirms it failed to return turbines to Gazprom

Russian gas supplies to Germany had to be reduced as a result. German conglomerate Siemens has confirmed that Ukraine-related sanctions imposed on Russia have made it impossible for the equipment supplier to return gas turbines to Gazprom after they were...

14. 6. 2022 No Responses

Decelarated Money Supply Growth In 2022 = Recession

Money supply growth fell slightly in April, falling below March’s eight-month high. Even with March’s bump in growth, though, money supply growth remains far below the unprecedented highs experienced during much of the past two years. During the th...

13. 6. 2022 No Responses

Celsius Pauses All Withdrawals

Why do people trust the Khazars so much? Celsius wrote this in a “Memo to the Celsius Community”: Due to extreme market conditions, today we are announcing that Celsius is pausing all withdrawals, Swap, and transfers between accounts. We are taking this...

12. 6. 2022 No Responses

Twitter Founder Jack Dorsey’s TBD Presents Bitcoin-Based Decentralized Web5

Jack Dorsey’s Bitcoin-focused TBD business unit, a subsidiary of Block Inc., announced Friday that it is building a new decentralized web: Web5. Web5 is based on the assumption that Web3, the idea of building a decentralized web with blockchain technology...

11. 6. 2022 No Responses

Boeing & Airbus Make Up 91% Of Global Commercial Aircraft Fleets

U.S. based airlines were far and away the largest aircraft carriers, with American Airlines being the world’s largest airline by fleet size since 2019. Interestingly, Delta Airlines was the largest by revenue in 2020, despite a smaller fleet size....

9. 6. 2022 No Responses

BIS Calls For Centralization Of Crypto

While citing multiple problems with the decentralization model for cryptocurrencies (some of them valid and some of them not), the Bank for International Settlements has concluded in a report released this week that crypto ‘can’t fulfill the role o...

5. 6. 2022 No Responses

China Navy: Third Modern Aircraft Carrier to Be Launched Soon

China will soon have another aircraft carrier. Chinese shipbuilders are currently manufacturing the aircraft carrier at the Hudong-Zhonghua Shipyard in Shanghai. It is also noteworthy that this event is steeped in symbolism because the CPC was founded in 1921 ...

1. 6. 2022 No Responses

Saudi Arabia reportedly pressured to pump more oil

Saudi Arabia may agree to boost oil production to cool skyrocketing prices if Russia’s output falls significantly under the new EU sanctions, the Financial Times reported on Thursday. The Kingdom, the world’s largest oil producer, has repeatedly rejected d...

30. 5. 2022 No Responses

Mastercard CEO: SWIFT Payment System May Be Replaced By CBDCs In 5 Years

There has been a long list of revelations coming out of the recent World Economic Forum meeting in Davos, but one issue that might have gone under the media radar involves comments by Mastercard CEO Michael Miebach during a discussion...

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