Russia’s security services are confiscating the passports of senior officials and state company executives to prevent overseas travel, as paranoia over leaks and defections spreads through Vladimir Putin’s regime. With Russia’s invasion of Ukraine still raging, security officers have tightened up travel requirements within the state sector, demanding the surrender of travel documents from some
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Economist Nouriel Roubini has shared his opinion about bank problems in the United States in a recently published opinion editorial. In the article, Roubini insists that “most U.S. banks are technically near insolvency, and hundreds are already fully insolvent.” Roubini: ‘Liquidity Support Cannot Prevent This Systemic Doom Loop’ The renowned economist Nouriel Roubini, also known
A new daily all-time high (ATH) has been recorded for the number of Ordinals inscribed on the Bitcoin (BTC) network due to a recently launched “token standard” for the blockchain. Bitcoin Ordinals reached 58,179 inscriptions on April 2, smashing the previous all-time high (ATH) of 31,692 on March 9 by 83.5% according to Dune Analytics
Crude oil prices surged after Saudi Arabia and other members of the Opec+ group announced surprise production cuts of more than 1mn barrels a day on Sunday, putting Riyadh on a collision course with the US. Oil prices leapt by 8 per cent when trading opened in Asia on Monday morning following news of the
While the non-fungible token marketplace Blur has captured a significant amount of the market share in terms of NFT sales, the market’s native token, BLUR, lost more than 28% in value last month. At present, BLUR tokens are down more than 88% since the crypto asset’s all-time high recorded on February 14, 2023. Blur’s Native
On Sunday, Saudi Arabia and several major oil producers announced their plan to cut oil production by 1.15 million barrels per day, starting in May and continuing until the end of 2023. According to the Saudi Energy Ministry, the move was coordinated with some members of the Organization of the Petroleum Exporting Countries (OPEC) and
The market witnessed a major banking crisis in March as Silicon Valley Bank and Signature Bank failed and Silvergate Bank entered liquidation as the result of dire financial distress. In Europe, the government brokered a forced takeover of Credit Suisse by UBS. Still, the United States equities markets and the European stock markets closed the
Finland’s centre-right opposition clinched victory in Sunday’s parliamentary elections, inflicting defeat on centre-left prime minister Sanna Marin. The National Coalition party, led by Petteri Orpo, was poised to come first with 48 seats, followed by the eurosceptic populist Finns party on 46, both notching up strong gains, with 99 per cent of the vote counted.
Tens of thousands of finance workers could be exempted from post-crisis rules which hold them personally accountable for failings on their watch as the UK government presses ahead with plans to boost the City of London’s competitiveness. The government vowed to overhaul the old system — known as the Senior Managers & Certification Regime —
Sales of Donald Trump’s digital collectibles surged following the news of his indictment in New York on Thursday. Meanwhile, a report revealed that the market for non-fungible tokens (NFTs) has seen its strongest quarter since early last year, reaching a trading volume of $4.7 billion, despite a weaker March. Trump NFTs Spike as Former President
One of Russia’s most influential pro-Kremlin war bloggers, Vladlen Tatarsky, was killed in a blast at a restaurant in St Petersburg on Sunday. The incident took place at around 6pm local time, in the centrally located Universitetskaya Embankment, according to the ministry of internal affairs, which confirmed Tatarsky’s death. St Petersburg governor Alexander Beglov said
Ethereum’s native token, Ether (ETH), eyes a run-up toward $3,000 in Q2 2023 after wrapping the previous quarter with 55% gains. ETH price nears potential breakout The price of Ether has more that doubled after bottoming out in June 2022 at around $880, weathering a slew of negative events, including the FTX exchange collapse, interest
Famed “Big Short” investor Michael Burry tweeted Thursday, telling his 1.4 million followers, “I was wrong to say sell.” The tweet follows Burry’s warning for months that the U.S. was headed for an “extended multi-year recession” and his decision to dump all of his stocks but one in August 2022. Burry: ‘I Was Wrong to
Saudi Arabia and other members of the Opec+ group announced surprise oil production cuts totalling more than 1mn barrels a day, putting Riyadh on a collision course with the US as the kingdom attempts to boost prices amid fears of weaker demand. Saudi Arabia will implement a “voluntary cut” of 500,000 b/d, or just under
US secretary of state Antony Blinken demanded the immediate release of Wall Street Journal reporter Evan Gershkovich in a phone call with Russian foreign minister Sergei Lavrov on Sunday. “Secretary Blinken conveyed the United States’ grave concern over Russia’s unacceptable detention of a US citizen journalist. The secretary called for his immediate release,” State department
Iraqi officials in Baghdad and their counterparts in the Kurdistan Regional Government have reached a preliminary agreement to resume oil exports from the country’s north with a final agreement expected “within days”. The announcement by both governments on Sunday comes just over a week after Iraq said it had won a landmark arbitration case against
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Donald Trump plans to deliver a speech after his arraignment on Tuesday as one of his lawyers said he will move to dismiss the hush money charges against him, telegraphing the ex-president’s early strategy. “I very much anticipate a motion to dismiss coming because there’s no law that fits this,” Joe Tacopina said on CNN’s
The total value locked (TVL) in decentralized finance (defi) during the first week of April is about $50 billion, roughly the same as on March 1. The value locked dropped to $42 billion on March 12 but has since rebounded as protocols such as Lido Finance, Aave, and Justlend recorded double-digit monthly gains. After the
Bitcoin (BTC) is on the road to a new bull market and should deliver serious returns in the process, fresh analysis reveals In a tweet on April 2, Charles Edwards, founder of Bitcoin and digital asset hedge fund Capriole Investments, flagged a “familiar” bull signal on the SLRV Ribbons metric. Edwards: SLRV beginning “new trend”
Ben Rains explores the bullish end to the first quarter and where the stock market stands as we head into April and the start of Q2. The S&P 500 and the Nasdaq surged to end March as Wall Street scoops up tech stocks. The wave of buying and the impressive quarter has some pockets of