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2022/06/28 10:52
Switzerland's Federal Criminal Court convicted Credit Suisse, the country's second-largest bank, of failing to prevent a Bulgarian cocaine trafficking gang from money laundering. The court found that deficiencies regarding the lenders' management of client relations with the criminal organization, as well as anti-mon...
2022/06/28 10:16
It may take two years for the U.S. and other economies to bring down inflation, said World Bank Group President David Malpass in a CBS interview. Shortage and record inflation of key commodities like oil, fertilizer and wheat, mean it is going to be very difficult for some countries to avert recession.A lot of the world will fac...
2022/06/28 09:57
Russia denied claims that it had defaulted on its external debt and urged its creditors to collect the interest payments from Western financial institutions, reported Reuters. The White House, on the other hand, stated that Russia had defaulted on its debts for the first time since the Bolshevik revolution.Kremlin expressed that...
2022/06/28 09:07
NATO will label China a "systemic challenge" when outlining a new strategic document this week, as Bloomberg cited people familiar with the matter. It will also mention China's deepening partnership with Russia.The said policy document will sketch out NATO’s priorities for the coming decade, and is due to be ...
2022/06/27 16:44
The Census and Statistics Department (C&SD) announced that the average wage rate for all the selected industry sections surveyed, as measured by the wage index, increased by 1.8% in nominal terms in March over a year earlier. About 53% of the companies reported increase in average wage rates compared with a year ago. A total...
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