The European Union (EU) will complete terms of a €9 billion financing package for Ukraine in the next days, according to Bloomberg, citing three European officials. Ursula von der Leyen, the President of the European Commission, stated that the EU will provide Ukraine with a €9 billion loan by the...

China's crude oil imports from Russia increased by 55 per cent year on year in May, surpassing Saudi Arabia as the leading supplier, as refiners took advantage of discounted supplies amid sanctions imposed on Moscow for its invasion of Ukraine.   According to Chinese General Administration...

On Monday, the cryptocurrency industry was in anxiety as bitcoin fought to hold above a critical level, with investors concerned that issues at prominent crypto companies may spark a larger market shakeout.   In early London trading hours, Bitcoin, the world's largest cryptocurrency, was...

According to Reuters, China raised its oil imports from Russia by nearly 25% on a monthly basis and by 55 percent on an annual basis in May, bringing purchases to a record high. Oil shipments from Russia to China totaled about 8.42 million tonnes (or 1.98 million barrels per day) in May, according...

On Friday, Hong Kong-based Babel Finance briefly banned crypto asset withdrawals and redemptions as the crypto lender scrambled to pay its clients following the recent downturn in the digital currency market.   Cryptocurrency valuations have plummeted in recent weeks as investors flee...

Hungary's Finance Minister, Mihaly Varga, informed his EU counterparts on Friday that his country could not support corporation tax reform at this time, essentially thwarting an agreement at the EU level.   An EU agreement was expected on Friday after Poland withdrew its opposition to...

Croatia's membership in the European Union will begin on January 1, 2023, according to the Eurogroup. This is the first stage in the EU Council's process of adopting legal measures that would allow Croatia to join the eurozone and profit from the euro's use. "Ministers agreed with the European...

According to Czech Prime Minister Petr Fiala, Polish oil refiner PKN Orlen plans to spend more than 10 billion crowns (about $435 million) in the Czech energy sector. "During our discussions with PKN Orlen executives, we talked over a number of energy-related initiatives. The main topic of debate...

On Thursday, central banks across Europe hiked interest rates, a few by rates that shocked markets, and hinted at much higher borrowing costs to come in order to manage skyrocketing inflation, which is eroding savings and squeezing corporate profits.   Inflation has spread to...