The European Union will urgently provide Ukraine with assistance to “address its financing needs due to the conflict,” President of the European Commission Ursula von der Leyen told journalists on Monday. The Commission plans to allocate an initial €1.2 billion ($1.36 billion) as part of “an emergency macro-financial assistance package,” …
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BlackRock has become the first public asset manager with assets reaching the $10 trillion milestone, reinforcing the company’s position at the top of the entire sector. Assets under management stood at $10.01 trillion at the end of the quarter, up from $8.68 trillion recorded a year earlier. The surge is …
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CPharm International (ECI), a German research and development firm, has said it is planning a multi-million-dollar investment in Taliban-controlled Afghanistan, with the aim of producing weed for medical purposes. Following an unfortunate case of mistaken identity in late 2021, Vice media agency tracked down a German company, CPharm International (ECI), …
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“I hope I am smart enough to sell it during the next major strengthening,” Rogers said, as quoted by Russian business daily RBK. The investment guru admitted that people still see the US national currency as a safe haven during bad times. However, another appreciation might even result in a …
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“We will only achieve our ambitious climate goals if we rapidly scale up new technologies in areas like green hydrogen and sustainable aviation fuels – technologies that seemed impossible just a few years ago,” the British PM gushed on Tuesday during a speech at a Global Investment Summit in London’s …
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During a televised interview with Al Jazeera, Taliban spokesman Zabihullah Mujahid claimed the Islamist group will not “blame” or impose sanctions on individuals and businesses that collaborated with coalition forces during the two decades of conflict. “We need to rebuild the Afghan economy, and for this we need professionals and …
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The investor, who founded one of Russia’s largest investment funds, was handed the sentence at a hearing of the Meshchansky Court in Moscow on Friday. Under its terms, he will have to remain in the country and report regularly to the authorities. Failing to comply with the terms could see …
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In May, the former Soviet republic sparked an international legal battle when it rolled in and took control of the Kumtor Mine, operated by Toronto-based Centerra Gold. The company has reacted furiously to what it sees as state expropriation, saying the country is “in breach of its obligations under its …
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According to its report, the Chinese service sector drew in the largest amount of foreign capital – some 482.77 billion yuan ($74.61 billion) – soaring 33.4% year on year. The high-tech industry also saw a significant increase in foreign investment – by 39.4%. High-tech services attracted 42.7% more investments than …
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Owning a home is no longer feasible for Americans coming of age in the 21st century, according to Bloomberg columnist Karl Smith, who smugly suggested in an op-ed that they stop worrying about whether they can afford a house, ignore the asset-stripping investment vultures, and just embrace the depressing reality …
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