Topic

World News

A collection of 205 issues

New York Community Bancorp bought a major stake in Signature Bank.

US-based New York Community Bancorp purchased almost all of Signature's deposits as well as a portion of Signature's loan portfolios for a total of $38.4 billion. The deal did not include $4 billion in deposits related to Signature Bank's digital banking business. They will continue to be managed by

U.S. to launch analogue of Russian SBP

The U.S. Federal Reserve has confirmed that in July it will launch a long-awaited instant payment system (a counterpart to Russia's SBP), which some consider an alternative to digital currencies and central bank stablcoins, writes Cointelegraph. The Instant Payments Network will make payments in seconds and support transactions between

Cuba started to accept cards of the Mir payment system.

Cash withdrawal is already available in Havana In the capital of Cuba, Havana, a number of banks have started accepting cards of the Russian payment system "Mir". This is reported by TASS citing its own correspondent. According to the agency, ATMs began to display the "Mir" logo. Cash withdrawal is

Meta is developing a decentralized Twitter-like application

Meta is working on the development of a decentralized Twitter-like application. The company itself confirmed the rumors: "We are exploring an autonomous decentralized social network for text messaging. This is a promising project in which users, including public figures and politicians, will be able to share the latest news and

China has discovered a major oil field

China National Offshore Oil Corporation (CNOOC) has discovered a large oil field in the Bohai Gulf, it said in a statement. The oil reserves there amount to 100 million tons. CNOOC estimates that a well at the field is capable of producing about 2,040 barrels of crude oil and

Police bust illegal mining farm in school basement in U.S.

Police in Cohasset, Massachusetts are searching for 39-year-old Nadim Nahas. He is accused of secretly setting up a mining farm in the basement of a local school and stealing electricity. "The farm ran from April to December 2021. It was connected to the institution's power grid the entire time, and

Cameron Winklevoss: "The next bullrun will start from Asia"

Cameron Winklevoss, co-founder of crypto exchange Gemini, believes that the next bullrun will start thanks to investors from Asia. And that in such a scenario, the US must embrace cryptocurrency or the country risks "falling behind the train". Such a prediction is not an unsubstantiated assertion. According to statistics from

Сonfiscation

Latvian Saeima passes amendments allowing confiscated cars from drunk drivers to be handed over to Ukrainian government - media

Europe's most troubled economy named

Analysts of the European Commission (EC) have named Sweden the only country in the European Union whose economy will shrink in 2023, Bloomberg reports. The status of the most troubled economy in Europe Sweden has received because of the sharp decline in the housing market, which led to the bankruptcy

Unemployment in Canada held steady at 5% in January

Canada's unemployment rate in January 2023 was 5%, the same as in December, Statistics Canada data showed. The figure is 0.1pc higher than the record low of 4.9% recorded in June and July. The number of people employed in the Canadian economy rose by 150,000, or 0.