The World Economic Forum (WEF) in Davos, scheduled for January 17-21, 2022, will be postponed until early summer due to the uncertainty caused by the spread of the new COVID-19 strain “omicron.” “In the current context of the coronavirus pandemic, global face-to-face events are exceptionally challenging,” the WEF said in a statement. – “Although strict […]

Joachim Nagel will become the new president of the Bundesbank, succeeding Jens Weidmann, German Finance Minister Christian Lindner said today on his Twitter account. “Chancellor Olaf Scholz and I are nominating Joachim Nagel to head the Bundesbank,” Lindner wrote. “Given the risks of inflation, the importance of a stability-oriented monetary policy is growing … He […]

French bank BNP Paribas has reached an agreement with Canada’s Bank of Montreal (BMO) to sell its U.S. unit Bank of the West for $16.3 billion, BNP Paribas said in a statement. The deal is expected to be finalized during 2022, with the banks needing regulatory approval. The agreement will provide a one-time capital increase […]

In 2021, the cryptocurrency industry attracted venture capital investments of $30 billion, Bloomberg writes. This is more than was invested for all the years of the sector’s existence. How the market has changed Previously, 2018 was considered a record year, for which the crypto industry attracted about $8 billion of investment. Blockchain Capital general partner […]

Ilon Musk, who was recently named Time magazine’s man of the year, tweeted that he would pay $11 billion in taxes. Previously, the billionaire was accused of evading their payment. Bloomberg reports that Musk will pay such a huge sum after he used almost 15 million options and sold Tesla shares, buying them at $6 […]

The number of reported cases of COVID-19 coronavirus infection in the world rose to 276 million 243 thousand 89 as of Wednesday morning, data from the American Johns Hopkins University showed. Since the virus began spreading, 5 million 369,175 people have died worldwide after contracting COVID-19. Countries with more than 20 million cases of COVID-19 […]

The global bond market shows negative dynamics this year. The result may reach a 22-year low. About it writes the Financial Times. The index of debt securities record fallThe index of debt securities Barclays, which includes issues of government and corporate bonds of different countries, since the beginning of 2021 shows negative dynamics – 4.8%. […]

The European Commission (EC) has approved the deal on the purchase of American Microsoft Corp. company Nuance Communications Inc. specializing in voice recognition for $16 billion. The European regulator approved the deal without any conditions. The EC said in a statement that the deal between Microsoft and Nuance will not reduce competition and does not […]

If you want to know how long the current energy crisis will last, just look at the European natural gas market, Bloomberg writes. Forward prices have nearly doubled in the past month, and traders expect the shortage to last until early 2023. Gas will be expensive even in hot weather – prices have topped $113 […]

The amount of credit card debt owed by Americans rose by $17 billion in the third quarter of 2021, according to the latest data from the Federal Reserve Bank of New York. The figure continued to rise rapidly in the fourth quarter amid the holiday season. Debt levels are expected to increase by $70 billion […]

Hackers have launched a new Echelon virus that attacks Telegram user accounts and hacks cryptocurrency wallets. This is reported by SafeGuard Cyber Division Seven. How the virus works The malware works in one of the popular Telegram channels about cryptocurrency. Attackers use the “Smokes Night” account to spread Echelon in messenger channels. The virus is […]

The state debt increased by $1.5bn in November, according to the data of the Finance Ministry. As of November 30, Ukraine’s public and state-guaranteed debt amounted to UAH 2558.52 billion or $94.15 billion, while last month it was $92.63 billion. External public and guaranteed debt at the end of October amounted to UAH 1,496.27 billion […]

The number of unemployed in Germany in December decreased by 23 thousand – to 2.405 million people, according to data from the Federal Employment Agency of Germany. Unemployment fell to 5.2% from 5.3% in November. Both figures are the lowest since March 2020. Experts, according to Trading Economics, on average expected the number of unemployed […]

The Federal Reserve System (FRS) may raise the benchmark interest rate four times this year and start reducing the amount of assets on its balance sheet as early as July, if not earlier, experts at Goldman Sachs Group Inc. believe. Rapid progress in the recovery of the U.S. labor market and “hawkish” signals, which could […]

Russian President Vladimir Putin has given the government two weeks to prepare for a new COVID-19 pandemic strike, TASS writes. “We see what is happening in the world. This suggests that we have at least a couple of weeks to prepare,” the head of state specified. The New Year holidays could not but affect the […]

The World Bank on Tuesday lowered its global economic growth forecast to 4.1 percent in 2022 and to 3.2 percent in 2023, and warned that inflation, debt and income inequality could jeopardize the recovery of emerging market and developing countries, CNBC writes. In its report titled “Global Economic Prospects,” the World Bank explained the downgrade […]

TCS Group Holding, the parent structure of Tinkoff Bank, has bought a stake in Swiss crypto exchange Aximetria, The Bell reports, citing company documents. The documents show that on November 9 last year TCS Group bought 4,449 shares of the company at 100 Swiss francs each (about 36 million rubles in total), and the total […]