Goldman Sachs has sounded the alarm that the U.S. government might head towards a federal shutdown later this year due to intense disagreements among Republicans regarding substantial spending cuts.
Christine Lagarde Gears Up to Criticize Italy over its unexpected €3bn bank tax
The European Central Bank (ECB) is gearing up to criticize Italy over its unexpected windfall tax on banks, amidst growing tension between Christine Lagarde, the ECB’s President, and Italian Prime
Wall Street banks face hefty penalties due to WhatsApp messaging.
Wells Fargo and BNP Paribas are set to pay multi-million-dollar fines due to their staff’s use of unofficial platforms like WhatsApp for business purposes.
Russian army needs a decade to rebuild
More than a year prior, under the guise of common mobs, Russian forces launched a brutal assault on Ukrainian towns and cities, which resulted in a horrifying array of atrocities
UK bypasses Putin as gas prices reach a two-year low
Britain has successfully completed an entire year without importing any Russian gas, striking a significant blow to Vladimir Putin’s energy warfare.
Analysts predict a £1,200 decrease in the UK’s household energy price cap coming July.
Analysts anticipate a substantial drop of over £1,200 in the UK’s household energy price cap in July. This is due to a significant decline in wholesale gas and electricity prices,
Household expenses are set to decrease by £500 as Putin’s energy war proves unsuccessful.
Anticipated average household energy bills are set to decrease by approximately £500 starting in July, suggesting that Vladimir Putin’s strategy to leverage Russia’s gas reserves for geopolitical ends has not
Gas prices in Europe revert to standard rates, marking a setback for Putin’s energy conflict.
For the first time since Russia’s Ukraine incursion, European natural gas prices have returned to their typical trading ranges, marking a setback in Vladimir Putin’s energy warfare.
The US Treasury Secretary to hold emergency meeting with US financial regulators
Today, in the midst of the recent banking turmoil, the US Treasury Secretary, Janet Yellen, will chair an impromptu meeting with the leaders of America’s financial regulatory bodies.
European banks are experiencing continued drops, with Deutsche Bank falling by more than 7% in New York
According to S&P Market Intelligence data, the cost of credit default swaps for Deutsche Bank – Germany’s largest bank – hit a four-year high today. This comes as shares in
Uniper, a German gas importer, has suffered a €4 billion loss on its Russian subsidiary after losing control of the company
As the majority shareholder with an 83.7% stake, Uniper claims it has not had any access to information about its power generation subsidiary, Unipro, since the final quarter of last