From the moment he stepped off a plane in Moscow this week, Beijing’s top diplomat Wang Yi lauded China’s friendship with Russia. The bilateral relationship was “mature” and “as stable as Mount Tai”, he told Russian president Vladimir Putin, invoking a sacred mountain in China’s eastern Shandong province. Wang’s visit to Moscow concluded a week
The Nigerian fintech, Chipper Cash, recently said it has let go of more employees and that this step has been taken to help the firm contain its operating costs. Although no figure of the number of axed workers was given, one report estimated this to be around 100, or 12.5% of Chipper Cash’s entire workforce.
Bitcoin (BTC) can hit $10 million per coin or more as it eats 25% of the global wealth, new analysis has concluded. In a blog post released on Feb. 16, fund manager and Bitcoin expert advisor Jesse Myers revealed his own “outrageous” BTC price target. Myers: “Bitcoin could 500x over the coming decades” Bitcoin may
In this article NVDA Follow your favorite stocksCREATE FREE ACCOUNT A sign is posted at the Nvidia headquarters on May 25, 2022 in Santa Clara, California. Justin Sullivan | Getty Images Check out the companies making headlines in early morning trading. Lucid Motors — The electric vehicle maker saw shares slide 14% premarket after reporting that fourth-quarter
Last year, the US resident population increased by 0.4%, or 1,256,003, to 333,287,557, according to the Census Bureau’s population estimates. The growth was felt most acutely in the South, the fastest-growing and the largest-gaining region, with totals rising 1.1%. Some states—like South Carolina—are increasingly wary of what that means and are considering steps to address
“It’s my second time in Paris,” says Marina Ovsyannikova, sitting in the dingy offices of Reporters Without Borders, the NGO for press freedom. “Yesterday my daughter said, ‘Last time I threw coins into the fountains, but I didn’t expect to come back this way.’” Ovsyannikova was the editor on Russian state TV who burst into
Join our webinar for FT subscribers from 1pm-2pm UK/GMT on Thursday February 23. Put your questions to our panel with Ukraine correspondent Christopher Miller, Europe editor Ben Hall, and expert guests Ekaterina Schulmann, a Russian political scientist with 1mn followers on YouTube, Sergey Aleksashenko, former deputy governor of the central bank of Russia, and Andriy
This was the warm-up act. The visit of Wang Yi, China’s top diplomat, to Moscow this week was designed to set in train a fresh Chinese approach to bilateral ties almost a year after Russia ordered the invasion of Ukraine. Although the headline quotes from Wang’s meeting with President Vladimir Putin played up promises to
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USD Coin (USDC) issuer Circle plans to increase its workforce by 15–25% in 2023 amid a sea of layoffs across the industry, reported The Wall Street Journal. When a significant chunk of industry-wide firms is laying off staff to mitigate their financial woes, Circle has gone against the tide to hire more people. 41% of all layoffs
US futures and European stocks advanced on Thursday after suffering recent declines, as investors took heart from the prospect that stronger economic growth would boost corporate earnings. The region-wide Stoxx 600 added 0.2 per cent, while Germany’s Dax rose 0.5 per cent and France’s CAC 40 climbed 0.4 per cent. Traders’ optimism was boosted by
Social media groups devoted to cryptocurrencies in Russia have been attacked by bots in what looks like a campaign against bitcoin and the like. Their comments on Russia’s largest social media platform are triggered by certain keywords like crypto and blockchain, members of the community have noticed. Bots Flood Vkontakte Groups With Comments Against Cryptocurrency
BAE Systems reported its best year for new orders in 2022 as Britain’s biggest defence contractor benefited from a surge in business from long-term programmes and forecast more to come as the war in Ukraine drags on. The FTSE 100 group, which builds everything from Eurofighter Typhoon jets to nuclear submarines and combat vehicles, said
The EU and its allies are investigating a surge in exports to economies in Russia’s vicinity as they seek to prevent companies from evading western sanctions imposed on Moscow. David O’Sullivan, the EU’s newly appointed sanctions envoy, told the Financial Times that big increases in trade with countries in Russia’s neighbourhood raised questions as to
A British national wanted with a red notice from Interpol for consulting North Korea on cryptocurrencies has been detained in Moscow. U.S. authorities allege that the man helped the regime in Pyongyang to bypass sanctions using digital assets. U.K. Citizen Sought by U.S. for Violating North Korea Sanctions Apprehended in a Moscow Hostel The Russian
Blockchain Association’s chief legal officer says “it would be absurd” for a United States court to rule that digital assets on private blockchains are securities, following a federal judge’s decision to allow a lawsuit against Dapper Labs’s NBA Top Shots NFTs to play out. U.S. attorney Jake Chervinsky made the comment after federal judge Victor
A sanctions-hit Russian warlord who has been accused of human rights abuses around the world was able to pass UK anti-money laundering checks by submitting a utility bill in the name of his 81-year-old mother. Leaked emails seen by the Financial Times show that London-based law firm Discreet Law in 2021 requested identification documents from
Some of you may be aware that this week marks the beginning of Lent, the festival that many Christians celebrate — or suffer through — in the run-up to Easter. It commemorates the 40 days and nights Jesus spent fasting and being tempted by the devil in the desert. Having been brought up by a
What is worse than house prices crashing 20 per cent? How about them not crashing 20 per cent? With higher borrowing costs and inflation — and decades of tighter mortgage lending — the UK property market faces the prospect not of falling, but of freezing stiff. And that might be the “worst of all worlds”,
At about 1am on February 24 last year, Sergei Lavrov, Russia’s foreign minister, received a troubling phone call. After spending months building up a more than 100,000-strong invasion force on the border with Ukraine, Vladimir Putin had given the go-ahead to invade. The decision caught Lavrov completely by surprise. Just days earlier, the Russian president
Shares in defence companies have surged in recent months, eclipsing gains for wider stock markets, as investors bet on the promises of increased military spending by western governments to help Ukraine’s war effort against Russia. An MSCI global benchmark for the sector is up almost 30 per cent in dollar terms since the start of