Over 25% of Russians continue using the blocked social networks, Facebook and Instagram, owned by Meta (designated an extremist organization in Russia), by way of VPNs.
…spin dictators to flourish. “Without the help of armies of western lawyers, bank ers, lobbyists and other elite fixers, autocrats would have a harder time exploiting…
…and shipping costs. Some European traders were being paid via a Russian bank , said one trader, adding that this had now stopped. “Ministries are going…
The won closed down another W13.3 against the U.S. dollar on Thursday to W1,288.6, the weakest in 13 years.
Powell, who first joined the Fed board in 2012, led the central bank as it slashed the benchmark interest rate to zero at the start of the pandemic in March 2020 and pumped money into the financial system to prevent a severe downturn in the world’s largest economy.
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Such decisions were made as inflationary pressures in the global and domestic markets continued to be stronger and more persistent than anticipated, calling for additional monetary tightening to contain second-round effects on inflation expectations and a further rise in inflation.
…They’re keeping him in his post as the central bank is struggling to cool down the US economy. Inflation is running at its highest rate in 40 years….
…Now he’s using his fortune to buy stakes in the country’s banks that western companies are dumping, the FT reports….
…Each ETF will aim to achieve its investment objective by holding a basket of quality securities and engaging in swap contracts with one or more large investment banks ….