Deutsche Bank is said to have stopped working with a number of major Russian banks and closed their correspondent accounts in euros, business daily RBK reports. It is unclear which financial institutions are involved. RBK cites two sources in the financial market in its Wednesday report. Accordingly, Deutsche Bank severed ties with a number of […]
21 Apr 2022 4:59 p.m Elvira Nabiullina will head Russia’s central bank for another five-year term. Under her leadership, the ruble has recouped all the losses it suffered shortly after Moscow’s military operation in Ukraine began. Source: Gettyimages.ru © Sefa Karacan The Russian State Duma decided on Thursday to extend Elvira Nabiullina’s term as governor […]
13 Apr 2022 3:23 pm For several days there have been repeated clashes between Israelis and Palestinians around Joseph’s Tomb on the outskirts of Nablus. The Israeli army continues its raids in the West Bank. A Palestinian was shot dead during a raid in Nablus on Wednesday. A 34-year-old Palestinian man was killed in clashes […]
13 Apr 2022 10:08 am It is not only the Ukraine crisis that is shaking the global financial system and slowing down growth in Asia. Current US monetary policy and China’s flagging economy are also factors, the World Bank said in a new report. Sanctions on Russia and the crisis in Ukraine will slow Asia’s […]
Apr 12, 2022 12:25 p.m The World Bank, which is affiliated with the UN, makes a gloomy forecast: According to the organization, the Ukraine war will shrink Ukraine’s gross domestic product by almost half and Russia’s by 11.2 percent. And that’s not even the “negative scenario”. The World Bank has analyzed the economic devastation caused […]
4 Apr 2022 7:30 am The continuing rise in energy prices is having a massive impact on real incomes. The governor of the British central bank warned of a crisis that could be bigger than in the 1970s. The Bank of England recently warned of possible double-digit inflation this year. The shock to UK incomes […]
2 Apr 2022 12:22 p.m Three Palestinians from the city of Jenin in the occupied West Bank were killed by Israeli occupying forces on Saturday morning. A Palestinian Red Crescent ambulance was prevented from going to the scene. According to a report by the Palestinian news agency Wafa, three young men were traveling in a […]
31 mar 2022 11:06 am Russia’s announcement that in future gas would only be supplied in exchange for payments in rubles has triggered rejection and concerns about possible bottlenecks in the West. Now President Vladimir Putin wants to discuss and announce specific steps with Gazprom and the central bank. A week ago, Russian President Vladimir […]
29 Mar 2022 2:46 p.m Investigations are underway in Germany against the head of Lebanon’s central bank. The suspicion is money laundering. Riad Salameh, who has held the post for around 30 years, firmly rejects the allegations. The main investigations were directed against five suspects. Credit: AFP © AFP PHOTO / HO / DALATI AND […]