Estonia accused Russian border authorities of removing buoys on the Narva River that separate the two countries’ territories. from Bloomberg Politics https://ift.tt/T2pPvZm
The trade spat with China over electric vehicles should serve as a clarion call for Europe to be less complacent, Ferrari NV Chief Executive Officer Benedetto Vigna said. from Bloomberg Markets https://ift.tt/4DnAc9Y
The military manoeuvres come three days after William Lai was sworn in as Taiwan’s president. https://ift.tt/gVu7Aax May 23, 2024 at 01:09PM
Chinese and other major lenders are increasingly reluctant to invest in Pakistan’s expansion of coal mines, according to the head of a local producer. from Bloomberg Markets https://ift.tt/L8ZpyCQ
Xiaomi’s first-quarter net profit and revenue beat expectations, thanks to stronger sales from its smartphone and Internet-of-Things and lifestyle product segments. https://www.wsj.com/articles/xiaomis-first-quarter-profit-revenue-beat-expectations-d7331708
HSBC Holdings Plc was fined £6.3 million ($8 million) for failing to fairly look after more than 1.5 million UK customers experiencing financial hardship — a penalty that adds to the £185 million that the bank has already paid out in compensation. from Bloomberg Markets https://ift.tt/OIEHZdF
Alchemy Pay, a Singapore-based payment gateway connecting crypto with traditional fiat currencies, has announced a partnership with Metis, an Ethereum Layer 2 Rollup platform. The collaboration aims to provide seamless fiat-crypto on and off-ramp support for developers within the Metis ecosystem. TLDR Alchemy Pay partners with Metis to provide fiat-crypto on and off-ramp support Metis…
Welcome to Balance of Power, bringing you the latest in global politics. If you haven’t yet, sign up here. from Bloomberg Politics https://ift.tt/2c5bE4J
Some companies are saving millions of dollars by entering into interest-rate swaps as they confront the possibility it could be a while before the Federal Reserve cuts rates. https://www.wsj.com/articles/cfos-lock-in-savings-with-interest-rate-swaps-amid-uncertainty-about-fed-cuts-40ff9e45
The Group of Seven countries are converging on a US plan to squeeze value out of frozen Russian assets, a move that would secure as much as $50 billion in critical financing for Ukraine and help shield it from political shifts on both sides of the Atlantic. from Bloomberg Politics https://ift.tt/EOhgQn6