Forecast: 50% chance of a global recession
Citigroup's forecast for a global economic recession has reached almost 50% as central banks rush to raise interest rates to curb soaring inflation, fueled in...
What caused one of the biggest changes in the financial world
With the end of 2021, "the most important number in the world" remains in history. This has been LIBOR for banks and their customers for...
The United States does not expect any difficulties due to Russia’s possible bankruptcy
Russia's possible bankruptcy on the foreign debt will not cause a major shock to world markets, the White House predicts, given suspicions that Moscow has...
The European Central Bank can start developing the digital euro
The European Central Bank (ECB) can start developing its digital euro, an electronic version of banknotes and coins, by the end of next year, ECB...
Turkey’s central bank has left its key interest rate unchanged
Turkey's central bank has kept its key interest rate unchanged for the fourth straight month, despite rising inflation reaching a 20-year high and reducing the...
Former Raiffeisen Switzerland CEO sentenced to prison for corruption
Former Raiffeisen Switzerland CEO Pierin Vincenz was sentenced today to almost four years in prison after a court found him guilty of fraud and other...