Source link The cars will be sent through the so-called Ultra Low Emission Zone (ULEZ) scrappage scheme starting this week, the government says London drivers will have the option of sending cars that do not adhere to the city’s rigorous emission standards to Ukraine in exchange for a grant instead of being retrofitted in the […]
Source link The new directive will allow member states to jail individuals and fine businesses The European Parliament has adopted a directive to criminalize the violation and circumvention of EU sanctions, according to a document published on the legislative body’s website on Tuesday. It stressed that providing financial services or legal advisory services in violation […]
Source link Investors are pushing for an EU-wide debt program that would bring them healthy profits while helping the bloc to increase military spending, Bloomberg has reported. Bond investors want the bloc’s temporary joint EU debt program that was launched mostly to finance the pandemic recovery fund to become permanent, the outlet has suggested. The […]
Source link The award was overturned due to a parallel UK suit in which the trader had already won a much smaller payout France’s top court has ruled that BNP Paribas banker Bertrand Lavigne, who won €4.5 million ($4.9 million) in an unfair dismissal case, cannot keep the financial award, Bloomberg reported on Monday. The […]
Source link A first tranche of over $3 billion could be disbursed in July, the outlet has learned The European Commission is pressing ahead with its plan to give Kiev up to €3 billion ($3.2 billion) from profits generated by frozen Russian assets amid waning financial support from the US, the Financial Times reported on […]
Source link The top-polling US presidential candidate has suggested that he would not try to block the use of cryptocurrencies Former US President Donald Trump has essentially ruled out the threat of cryptocurrencies being banned if he wins another term in the White House, triggering a jump in Bitcoin prices to an all-time high. Trump, […]
Source link Russia’s economy continues to successfully battle through all the hardships, all while growing stronger, the Economist reported in its latest piece published on Sunday. Moscow has repeatedly “defied the doomsayers,” the British weekly saidadding that its economic performance appears to be going back to the pre-conflict levels despite numerous rounds of unprecedented sanctions […]
Source link Departed brands such as Honor, Xiaomi, Samsung, and Acer reportedly resumed marketing in the sanctioned country in 2023 Many Asian electronics giants that curtailed promotion or suspended official supplies of goods to Russia in the wake of Ukraine-related sanctions resumed advertising in the country in 2023, according to a Kommersant report on Monday. […]
Source link Russian President Vladimir Putin has signed a law that ends a longstanding agreement with the UK allowing British vessels to fish in the Barents Sea. The document was published on Russia’s official website for legal information on Monday. The legislation withdraws from a deal signed by the governments of the USSR, the UK, […]
Source link Bitcoin, the world’s highest-valued cryptocurrency, hit a new record on Monday as it surged above $72,000. The token soared to a fresh all-time high of $72,030, breaking the record set in November 2021 and bringing gains for the year so far to nearly 70%, according to CoinDesk data. In 2021, Bitcoin reached $68,790 […]
Source link Washington has reportedly warned Austria’s banking giant Raiffeisen over its operations in Russia Austria’s Raiffeisen Bank International, the biggest foreign lender in Russia, risks “being cut off from the US financial system” if it is found to have helped fund Russia’s military, according to the US Treasury Department, as cited by Reuters. “As […]
Source link Berlin has curbed spending, having limited some funds for businesses that were already struggling with higher energy costs German family-led companies, traditionally seen as the backbone of the country’s economy, have found themselves on the verge of bankruptcy, Bloomberg reported on Saturday, citing business figures and industry analysts on the ground. Owners of […]
Source link The number of individuals with brokerage accounts topped 30.7 million last month, according to a press release Private investor activity on the Moscow Exchange (MOEX), Russia’s largest stock market, reached an all-time high in February, according to a press release on Wednesday. A total of 4.1 million individuals conducted transactions on the exchange last […]
Source link The bloc has seen a massive influx of cheap agricultural products from Ukraine since 2022 Ukraine is willing to accept trade restrictions with the EU to end its disputes with Poland but is urging the bloc to ban Russian food imports, the Financial Times reported on Wednesday. Ukrainian Trade Minister Taras Kachka told […]
Source link The measure has been proposed in a funding bill unveiled by lawmakers in Washington China could be banned from buying oil from the US Strategic Petroleum Reserve (SPR) under new provisions in budget legislation unveiled by Congress on Sunday, Bloomberg has reported. Lawmakers in Washington are seeking to prevent China from purchasing crude […]