The German authorities have completed the nationalization of the German energy concern Uniper SE, the government will receive 99% of shares, the European Commission has approved the move, according to a joint statement of the German Ministry of Economy and Ministry of Finance. "The entry of the federal government

According to the agency, the Armenian dram has gained 22 percent against the dollar since the beginning of the year, becoming the leader among world currencies. The Georgian lari gained 16 percent and the Tajik Somoni gained 10 percent. Bloomberg notes that remittances coming from Russia to Georgia have increased

The Chinese government intends to invest 1 trillion yuan ($143 billion) in the development of the country's semiconductor industry. The money will be allocated over the next five years mainly in the form of tax breaks and subsidies. It would be one of the biggest industry stimulus packages

The number of billionaires in the world has fallen from 2,775 to 2,688 people in 2022 compared with last year. Their combined fortune fell from $13.1 trillion to $12.7 trillion, according to a report by Swiss bank UBS. It is noted that 360 people's

Americans' bank card debt reached a record $866 billion in the third quarter, up 19% from a year earlier. That's according to a report from credit agency TransUnion. The data indicates that people are turning to credit cards and unsecured loans to cope with high inflation amid