ECB hikes to 23-year high, says inflation to remain ‘too high for too long’
The European Central Bank on Thursday announced a new rate hike of a quarter percentage point – the ninth consecutive increase – bringing the main rate to 3.75%. The ECB…
Binance withdraws german crypto license application
Binance has withdrawn its application for a crypto license in Germany, following reports that the German financial regulator had denied the exchange a crypto custody license. While Binance representatives had…
US credit card debt growing at wild pace, interest rates skyrocketing
Credit card debt in the US grew at the fastest pace in two decades in 1Q2023. Americans have a record amount of nearly $988 billion in credit card debt, according…
Europe risks being left without gas due to discontent in US
Europe may be left without gas supplies from the United States, as Washington can stop them at any time due to the dissatisfaction of local producers, La Croix reported. Washington…
Saudi oil revenue falls to lowest since 2021
Saudi Arabia’s foreign oil revenues declined by more than a third to their lowest since September 2021 amid a weak recovery in energy markets. The kingdom’s oil exports, including both…
Swiss bank closes accounts of clients living in Russia
Julius Baer – one of the largest Swiss banks – has warned clients living in Russia about the upcoming closure of their accounts, Forbes reported citing consulting firm Main Partner…