State-owned China International Capital Corp (CICC) is set to merge with China Galaxy Securities in a deal executed via a share swap. This strategic move will combine the assets of both firms to total approximately US$193 billion, positioning the newly formed entity as China’s third-largest...

By the end of 2024, the Bundesbank (Germany's Federal Bank) reported losses amounting to €19.2 billion, based on its statements. The German regulatory authority experienced financial losses for the first time since 1979. Politico reported that the Bundesbank revealed losses of €21.6 billion in...

The cryptocurrency world has been rocked by the recent Bybit hack, in which hackers made off with $1.5 billion in ether tokens from a supposedly secure cold wallet. This record-breaking theft is the largest crypto heist ever recorded, and it has sent shockwaves through an industry already reeling...

Britain and India restarted discussions on a free trade agreement on Monday, as stated in a joint announcement by the two nations released on the British government's website. “The United Kingdom and the Republic of India have today restarted discussions regarding a trade agreement between our...

The European Commission has embarked on a significant policy shift by reducing the sustainability reporting thresholds imposed on companies. This decision is positioned as an effort to cut red tape and boost competitiveness among European businesses. The Commission aims to streamline regulatory...

Recent shifts in U.S. business activity have sparked considerable concern among market participants. Following a series of tariff hikes on steel and aluminum, the U.S. economy has witnessed a measurable slowdown in business momentum. The imposition of these tariffs, intended to protect domestic...

Within the European Union, trade surpluses are unevenly distributed. Germany and Italy, for instance, contribute the lion’s share of the bloc’s overall surplus with the United States, while many smaller member states run deficits. This imbalance weakens the EU’s ability to present a unified front...

A proposed 10% tariff on Canadian and Latin American heavy crude is stirring considerable debate across the global energy sector. With estimates suggesting that foreign producers could lose around $10 billion in revenue annually, this move is set to disrupt established oil trade flows and force a...

The G7 nations declined the proposal to tighten the price cap on Russian oil In the upcoming communiqué marking the third anniversary of the onset of the Russian military operation, writes Bloomberg referring to a draft document from February 19. The agency reports that the initial version of the...