Newsletter
How economical is the Solana blockchain?
Ethereum co-founder Joseph Lubin has questioned the sustainability of competing projects, including the fast-growing Solana blockchain, as venture capital flows into a number of new cryptocurrency networks.
Russia warns of historic default
Russia is due to make two interest payments on its dollar-denominated bonds on Wednesday, but it's unclear whether Western investors will actually get their money, leaving a potential one-off sovereign default. Russia's first default since 1998 and the first …
US officials: Russia has asked China for military aid
According to US officials, Russia has asked China for military equipment to support its invasion of Ukraine. This has raised concerns in the White House that Beijing may undermine Western efforts to help Ukrainian forces defend their country.
US Department of Justice reprimands Deutsche Bank
Deutsche Bank last year violated the terms of a stay-of-prosecution agreement with the US Department of Justice.
G7 wants to end normal trade relations with Russia
The G7 countries announced on Friday that they would end normal trade relations with Russia. This is part of a series of new measures aimed at economically punishing Moscow for its invasion of Ukraine.
Highest inflation in 40 years
US consumer price inflation accelerated to a new 40-year high in February as the cost of gasoline, groceries and housing rose and inflation is likely to rise further after Russia's invasion of Ukraine.
Amazon announces 20:1 stock split
Amazon has announced a 20-for-1 stock split and a share buyback worth up to $10 billion to boost its share price amid high operating costs and concerns about employee retention.
Opec allies to increase oil production
The UAE will encourage other OPEC members to increase oil production as Russia's invasion of Ukraine has pushed crude prices to their highest levels in more than a decade, according to a senior official.
Wheat and nickel prices hit record highs
Wheat and nickel futures rose to record highs after Russia intensified shelling of Ukrainian cities two weeks after President Vladimir Putin's troops invaded Ukraine.
US in "active talks" on Russian oil import ban
US Secretary of State Antony Blinken said Washington was in "very active talks" with its European partners about a ban on oil imports from Russia while Ukraine prepared for a widening offensive against its urban centers.