The European Union will seek agreement on ground-breaking rules for regulating crypto assets on Thursday, as the bitcoin crash increases pressure on authorities to rein in the sector.   Globally, crypto assets are generally unregulated, with national operators in the EU simply obliged to...

Due to a deteriorating political crisis, Libya's state-owned oil corporation National Oil Corp. (NOC) has halted deliveries from two important eastern ports, Es Sider and Ras Lanuf, reported Bloomberg. Due to local protests that prevent oil from being loaded onto tankers, the Waha Oil Company,...

According to four digital investigators, the cryptocurrency market crash has wiped out millions of dollars in assets stolen by North Korean hackers, endangering a crucial source of financing for the sanctions-hit government and its weapons programmes.   North Korea has put resources into...

According to a report from the United Nations Conference on Trade and Development, global increases in the price of grain and ship chartering will result in a 3.7 percent increase in food costs (UNCTAD). The research, which was made public on Tuesday, claims that military activity in Ukraine is...

According to Bank of Japan Governor Haruhiko Kuroda, the Bank of Japan will maintain its ultra-soft policy because the Japanese economy is less impacted by inflation than other nations' economies. He added that the 15-year deflationary trend in the nation is impeding wage growth. May showed Japan's...

OPEC's oil revenue increased in 2021 with prices and demand recovering from the tanking of the market during the COVID-19 pandemic, although the number of active rigs among its members increased little and new completed wells decreased, according to group data.   According to...

According to reports quoting sources, the European Central Bank will likely drain liquidity from the banking system to offset any bond purchases made to control borrowing costs for indebted eurozone nations.   Bond yields in Italy and other debt-laden countries have risen since the European...

G7 leaders decided on Tuesday to consider imposing worldwide price limitations on Russian energy imports to limit Moscow's ability to pay its invasion of Ukraine and to contribute up to $5 billion to alleviate global food hunger.   The crisis in Ukraine and its catastrophic economic effects,...

According to Bloomberg, Germany has urged the G7 to back out on its pledge to stop funding the production of fossil fuels. Berlin claimed that the G7 nations should acknowledge the necessity for financial assistance for the gas industry as a reaction to the current energy crisis. Germany encouraged...