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World News

A collection of 365 issues

China has increased its purchases of Russian oil

China has increased its purchases of oil from Russia, Bloomberg reported citing Energy Aspects. At least three supertankers carrying Russian Urals crude, which was bought by state oil and gas companies PetroChina Co. and CNOOC, are on their way to China. Sinopec. According to analysts, they may increase their purchases

National Bank of Moldova cuts base rate to 17%

The Executive Committee of the National Bank of Moldova (NBM) today decided to reduce the base rate from 20% to 17%, NBM Governor Octavian Armasu told reporters after the meeting. Also, the National Bank cut the rate on overnight deposits from 18 per cent to 15 per cent and the

Kuwait Petroleum chief notes oil demand recovery in China

Oil consumption in China, the world's largest oil importer, has rebounded sharply after the lifting of anti-cookie measures. Sheikh Nawaf al-Sabah, CEO of Kuwait Petroleum Corp, said. "An accumulated demand has built up during the pandemic," he told Bloomberg TV. - Now that (China's) economy is opening up, we are

Tesla records $140 million loss in BTC

Electric car maker Tesla has reported its losses in bitcoins last year. This is according to documents that the company filed with the SEC on January 31. The gross loss in BTC was $204 million, which should be subtracted from the $64 million profit from the sale of the cryptocurrency

European economy avoids recession

The eurozone economy grew by 0.1% in the fourth quarter of 2022. Preliminary data from Eurostat showed this, CNBC reported. "The preliminary Eurozone GDP report shows that economic growth slowed again in the fourth quarter, but did not fall immediately, contrary to reports from business surveys," commented Melanie Debono,

Azerbaijan and Egypt sign package of documents aimed at expanding cooperation

Azerbaijan and Egypt have today signed a package of documents aimed at expanding bilateral cooperation. The documents were signed following talks between the presidents of Azerbaijan and Egypt in Baku. In particular, they signed memorandums of understanding: on cooperation in the field of water resources management; on cooperation between the

Swiss bank tokenises its own shares

Swiss bank Cité Gestion, in cooperation with Taurus, has tokenised its shares, making it the first private bank to do so.

Work on a joint Argentine-Brazilian currency could start this week

Argentine Economy Minister Sergio Massa told Argentine journalists that work on the establishment of a joint Argentine-Brazilian currency will begin as soon as this week, according to the Argentine press. "There is a decision to start studying the parameters needed to create a common currency, this concerns everything from taxation

World economic outlook assessed at Davos economic forum

WEF Davos ends with discussion on fragile global economic outlook The agenda of the World Economic Forum (WEF) in Davos this year was dictated by concerns about the "fragmentation" of the global economy. Kommersant writes about it. The publication notes that the forum ended with a discussion of the shaky

Silvergate reports $1bn loss

California-based cryptocurrency bank Silvergate has released its year-end report. It reported a recorded loss of $949 million, while Silvergate posted a net profit of $75.5 million in 2021. The company's shares fell 2.9% on this news. They have lost almost 90% of their value in the last 12