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TechnologyDigital Payment Trends in 2022
TechnologyFortanix Launches the Industry’s First Web 3.0-era Solutions Based on Confidential Computing to Secure Sensitive Digital Assets and Blockchain Infrastructure
Top StoriesU.S. Targets Russian Yachts, Cellist Linked to Putin Over Ukraine War
Top StoriesHow a Russian Billionaire Shielded Assets From European Sanctions
Russian Central Bank Plays Down Role of Dollar and Euro at Home and Globally
Date: May 31, 2022
(Reuters) -Russia’s central bank said on Tuesday that the role of the dollar and the euro as global currencies would decline as central banks rethink their strategies after the West froze Russian reserves, suggesting it could consider imposing negative rates for dollar and euro deposits. Unprecedented Western sanctions have frozen around half of Russia’s gold...
Exclusive: How Russian Billionaire Melnichenko Shielded Assets From European Sanctions
Date: May 27, 2022
By David Gauthier-Villars and Gabriela Baczynska ISTANBUL/BRUSSELS (Reuters) – Russian businessman Andrey Melnichenko ceded control of two of the world’s largest coal and fertilizers companies to his wife the day before he was sanctioned by the European Union, according to three people familiar with the matter. Melnichenko, who made his fortune in Russia’s energy industry...
Analysis-Why Twitter Has Ignored Elon Musk’s ‘trolling’
Date: May 17, 2022
By Greg Roumeliotis and Krystal Hu (Reuters) -A unilateral pronouncement that the acquisition of Twitter Inc is “on hold”. Fierce criticism of the social media company’s handling of spam accounts. A “poop emoji” directed at Twitter’s chief executive, Parag Agrawal. These are just some of Elon Musk’s tweets in the last four days, culminating in...
Why Are Banks Falling Behind on the Competition for International Bank Transfers?
Date: May 12, 2022
In a time where a cashless society is ever looming and online payments are becoming dominant, online banking is actually declining whilst bank deposits also shrink, the reason for this is a fragmentation and decentralisation of how we handle our money. Not necessarily decentralisation in the blockchain sense, though DeFi is on the rise, but...
ConocoPhillips Plans $1.1 Billion Investment as Norway Oil Sector Heats Up
Date: May 9, 2022
By Nora Buli and Nerijus Adomaitis SANDEFJORD, Norway (Reuters) -ConocoPhillips submitted on Monday a plan to develop an oil discovery in the Norwegian North Sea for 10.5 billion Norwegian crowns ($1.10 billion), the first of an expected rush of new petroleum projects to be launched in Norway this year. Known as Eldfisk North, the development...
Chinese, Russian Cenbanks to Discuss Use of National Payment Systems
Date: May 5, 2022
(Reuters) – The Chinese and Russian central banks will discuss the use and promotion of their respective national payment systems in both countries, Beijing’s envoy to Moscow told the TASS news agency in an interview published on Thursday. “Regarding the promotion and use of the Mir and China UnionPay national payment systems in both countries,...