Spain Increases Russian LNG Imports
In February, Spain more than doubled its imports of Russian Liquid Natural Gas (LNG) compared to the same month one year prior, according to recent data released Friday by Spanish…
Swiss Bank Clients Nervous About Swiss Enforcing Sanctions After Abandoning Neutrality
On Thursday, the Financial Times reported that executives at major banks in Switzerland are warning that the nation’s decision to support Western sanctions against Russia is having a negative effect…
Bill Ackman Warns, More Large Depositors Will Drain Funds From Lesser Banks After SVB Collapse
On Saturday, Bill Ackman, the billionaire US investor and hedge fund manager, warned there would be dire consequences for the banking sector and the broader economy due to the collapse…
Apple And Foxconn Get India Labor Laws Loosened
According to a new report in the Financial Times on Friday, Apple, and its manufacturing supplier Foxconn, have been working hard to liberalize the employment laws in India, according to…
US Job Cuts Running At Record Levels
According to a new report from coaching firm Challenger, Gray & Christmas, in February, American employers announced 77,000 layoffs, a 410% increase over the same month the year before. The…
US To Further Restrict Chinese Tech
On Saturday, Bloomberg reported that the United States will introduce a new batch of export restrictions designed to further curtail China’s ability to acquire American chip technologies. According to the…
Spanish Law Requires Women In The Boardroom
This week Spanish lawmakers issued new legislation which will require companies hire more female executives to their corporate boards. Approved at a weekly cabinet meeting this week, the Equal Representation…
Silicon Valley Bank Paid Employees Bonuses On The Day It Collapsed
Just hours before regulators moved in to take control of the failing Silicon Valley Bank, bank employees were given their annual bonuses, according to people with knowledge of the payments.…
Silicon Valley Bank Failure Biggest Since 2008
On Friday, the Federal Deposit Insurance Corp. announced that financial regulators had closed Silicon Valley Bank (SVB) and seized its deposits, in the largest US bank failure since the 2008…
German Heating Not Ready To Go 100% Electric, According To Industry
Heating system suppliers in Germany have told the government that they are capable of producing electric heat pumps on a large scale for household installations to replace oil and gas…