Source link France and Germany have warned that outright confiscation would reflect badly on the West’s financial system A rift is growing between Western allies over confiscating frozen Russian assets to help Ukraine as they continue to argue over legal ways to use the immobilized funds, Bloomberg reported on Wednesday. The West has frozen roughly […]
Source link US tech giant Apple has abandoned its decade-long effort to build an electric car, Bloomberg reported on Tuesday, citing people familiar with the matter. The anonymous sources told the outlet that the announcement, which Apple made internally on Tuesday, came as a surprise to the nearly 2,000 employees working on the project. The […]
Source link A number of tankers with Sokol grade oil have reportedly been stranded off the coast of India due to Western sanctions Chinese refiners have been snapping up cargoes of Russia’s Far East Sokol grade oil that have been stranded off the coast of India due to Western sanctions and thus undeliverable, Bloomberg has […]
Source link The Swiss and French branches are leveraging the family name in a bid to control the global wealth-management market The Rothschild family’s Swiss and French branches are battling for dominance in the wealth management industry, which is causing tension and sparking speculation of a merger that would significantly impact the global financial landscape, […]
Source link Plans to release the tranche come as the US aid package for Kiev remains stalled in Congress The International Monetary Fund could agree to unlock $900 million for Ukraine as soon as Thursday, Bloomberg has reported, citing officials with knowledge of the talks. The disbursement would be part of a four-year $15.6 billion […]
Source link The measure would be introduced if the IDF continues to escalate its operation in Gaza, sources told the agency Britain is considering restricting some arms exports to Israel if the country launches an offensive on the city of Rafah in Gaza or keeps hampering aid trucks from entering the Palestinian enclave, Bloomberg has […]
Source link Berlin is reportedly engaged in defense planning despite Moscow’s assurance that it will not invade NATO territory Russia may attack the North Atlantic Treaty Organization within the next five to eight years, German Defense Minister Boris Pistorius has said in an interview with Bloomberg. Pistorius spoke on the sidelines of the Munich Security […]
Source link British officials hope the autonomous craft will help Kiev compensate for its artillery shortage, the news site reported Ukraine will soon receive thousands of AI-enabled drones capable of autonomously “swarming” Russian targets, Bloomberg has reported. However, Moscow has repeatedly pointed out that Western “wonder weapons” have thus far failed to change Kiev’s fortunes […]
Source link If elected, the ex-US president reportedly plans to leverage US military aid to Kiev to bring it to the negotiating table Republican presidential frontrunner and ex-US leader Donald Trump is planning to pressure Ukraine to negotiate peace with Russia if he wins a rematch with incumbent Joe Biden, Bloomberg reported on Thursday, citing […]
Source link Growth in the EU’s powerhouse has gotten off to a slow start this year due to persistent economic headwinds, analysts believe The German economy has probably failed to grow again at the start of 2024 after contracting in the final quarter of last year, Bloomberg reported on Monday. Analysts surveyed by the outlet […]
Source link New Delhi reportedly wants to secure a steady supply of crude instead of one-off purchases State oil refiners in India are negotiating long-term agreements for supplies of crude with Russian energy giant Rosneft, Bloomberg reported this week, citing people with knowledge of the matter. According to the report, Indian Oil, Bharat Petroleum, and […]
Source link Citigroup has reportedly received complaints about employees overindulging at client events US banking giant Citigroup has warned employees to drink less alcohol at client events following complaints of disorderly behavior, Bloomberg reported this week, citing sources in the company. According to the report, analysts and managing directors in the bank’s investment division have […]
Source link Roughly 15% of German companies are reportedly in distress, the largest number in the bloc The German economy is in for a difficult year after contracting in the final quarter of 2023, as inflation and high interest rates continue to weigh on the industry, Bloomberg reported this week, citing analysts. According to the […]
Source link Kiev hopes to unlock money from the Washington-based institution even if the US aid package remains stalled Ukraine is considering a contingency plan to secure money from the IMF if the $60 billion US aid package to Kiev remains blocked, Bloomberg reported on Friday, citing people familiar with the matter. According to the […]
Source link Brussels is reportedly conducting an assessment of potential economic damage, should the Republican return to the White House The EU is bracing itself for a possible trade war with the US if Donald Trump wins the presidential election in November, Bloomberg reported on Wednesday, citing an anonymous official within the bloc. The European […]