The White House is rushing to fulfill plans to pass a $1.75 trillion bill initiated by US President Joe Biden, dubbed Build Back Better, by the end of this year amid concerns from some Democrats about excessive spending and persistently high inflation. Biden on Monday spoke with West Virginia Democratic Sen. Joe Manchin, who often […]

The rapid spread of cryptocurrencies could pose a threat to the existing financial system, says the Deputy Governor of the Bank of England John Cunliffe, writes BBC. If the price of cryptoassets falls sharply, it could cause a domino effect, Cunliffe warns. He believes that the Bank of England needs to be prepared to contain […]

British bank HSBC Holdings Plc intends to stop financing coal mining companies and coal-fired power plants, as well as companies whose plans do not meet the bank’s sustainability goals. In particular, the bank said in a statement, HSBC will stop financing coal companies in the EU and OECD countries by 2030 and globally by 2040. […]

On December 13, Ilon Musk exercised 2.1 million options to purchase Tesla shares at a price of $6.24 per security and on the same day sold 934 thousand shares of his company for about $906.5 million. This follows from documents filed with the Securities and Exchange Commission (SEC) of the United States. Over the past […]

Cryptocurrency companies are signing multimillion-dollar contracts with leading athletes and clubs, hoping to attract a target audience in this way, CNBC writes. For example, Crypto.com paid a record $700 million for the 20-year right to name a sports arena where the National Basketball Association (NBA) club Los Angeles Lakers, the Los Angeles Kings hockey club […]

Ukraine has already spent $2.45bn of the $2.7bn received from the IMF. The government plans to use all the funds this year. The unused balance is 178219820 SDR. Next week they will be received by the State Treasury Service and will be spent. This is about $250 million. We shall remind you that on August […]

U.S. stock indices ended trading on Thursday in the negative. Nasdaq Composite fell by 2.5% following a significant decline in quotations of shares of technology companies. Investors were evaluating the results of the last meetings of the heads of the world’s largest central banks this year, as well as numerous statistical data. The Fed on […]

Oil prices are declining in the course of trading on Friday after a steady rise in the previous trading results. The market was supported on the eve by a general increase in risk appetite in the global markets due to the decisions of the Federal Reserve System (FRS), as well as data on a more […]

US President Joe Biden signed a bill yesterday to raise the national debt limit by $2.5 trillion to $31.4 trillion, according to a statement released by the White House. The bill was previously approved by the U.S. Senate.There were 221 members of the U.S. House of Representatives in favor of raising the national debt limit, […]

Economic activity slowed in the fourth quarter of this year and the period of moderate economic growth is likely to continue into early next year, European Central Bank (ECB) President Christine Lagarde said during a press conference following a meeting held today. “We expect GDP growth to surpass the pre-pandemic level in the first quarter […]

The U.S. Securities and Exchange Commission (SEC) plans to tighten requirements for insider trading and share repurchases by companies. Currently, corporate insiders can sell or buy shares of their company’s stock under pre-announced portfolio management plans. By disclosing these plans in advance, top managers protect themselves from possible insider trading charges in the future. However, […]

The World Bank will allocate $93 billion to help the world’s poorest countries overcome the economic crisis caused by the coronavirus pandemic through the International Development Association (IDA, WB structure).  According to the World Bank’s press release, $23.5 billion of that amount was contributed by high- and middle-income countries. The remaining funding was raised from […]

The UK Advertising Standards Authority (ASA) has imposed a ban on advertising of the European branch of crypto exchange Coinbase, as well as trading platforms Kraken, eToro and EXMO Exchange. Advertising of crypto broker Coinburp and crypto exchange Luno also came under the ASA ban. The regulator also banned a marketing campaign by pizza chain […]

The very first page of Wikipedia was sold at Christie’s auction as an NFT token for $750,000. The proceeds will go to charity and the development of the social network WT. Social, launched two years ago. The page appeared on January 15, 2001, on which the co-founder of “Wikipedia” Jimmy Wales wrote “Hello, World!”. In […]

The first cryptocurrency actually acts as an alternative to gold for the younger generation. Blockchain revolution is inevitable, but some governments may outlaw it. This was stated by billionaire Ray Dalio, writes Forklog. In an interview with MarketWatch, the founder of Bridgewater Associates urged not to keep only cash, which is “eaten up by inflation,” […]

The Hong Kong Stock Exchange will allow specialized mergers and acquisitions companies (SPACs) to list securities on its floor from January 1, 2022, according to the exchange’s new rules published on Friday. These companies will be subject to rules similar to the requirements for initial public offerings (IPOs). A number of investors and investment banks […]

Chinese Internet giant Alibaba Group Holding Ltd. plans to achieve carbon neutrality in its own operations by 2030. In addition, Alibaba aims to cut its supply chain emissions in half by the same time, Chief Executive Officer Daniel Zhang said. Among the steps Alibaba plans to take to implement its plan are increased use of […]

US bank Goldman Sachs has again worsened its growth forecast for the US economy in the wake of Democratic Senator Joe Manchin’s statement that he would not support US President Joe Biden’s proposed $2 trillion spending plan. “The Build Back Better initiative was already in the balance, and in light of Manchin’s comments, we are […]