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Ukraine reveals value of budget shortfall

The Ukrainian government requires another $5 billion each month to avoid steep budget cuts, a senior lawmaker has said, appealing for more assistance from foreign countries despite billions in aid already provided by the US and its European allies. The head of Kiev’s parliamentary Committee on Finance, Tax and Customs Policy, …

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Value of Russian securities frozen by EU is revealed

Euroclear, one of the world’s largest financial securities transactions companies, has blocked about $27 billion worth of securities belonging to Russians, according to strategists at ITI Capital. Frozen assets held by foreign investors reportedly exceed $85 billion. The Belgium-based settlement and clearing organization announced the suspension of transactions with Russian …

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Ukraine crisis shows value of Turkey to West – Erdogan

The conflict between Russia and Ukraine has underlined Turkey’s importance for both the EU and the US-led NATO military bloc, Turkish President Recep Tayyip Erdogan said on Monday. He made the remarks during a speech at the ruling AK Party headquarters in Ankara. Senior party members gathered in the headquarters …

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Amazon pockets biggest one-day value gain in US history

US e-commerce giant Amazon gained a record $190 billion in market capitalization on Friday, which is the biggest single-day increase in a company’s stock market value in US history, Refinitiv data shows. The company’s shares soared 13.5% after Amazon posted a blockbuster quarterly report late Thursday and said it would …

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Bitcoin drops 50% of its value

The world’s biggest digital asset, Bitcoin, fell as low as $34,042.78 on Saturday, marking a drop of 7.2%. It has recovered most of those losses, and was trading at $35,445 at 14:19 GMT. Other cryptocurrencies saw declines as well, with Ethereum down 12%. Solana and Cardano each dropped at least …

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Crypto crash? Bitcoin loses half its value from year’s high

Bitcoin recovered to $36,554 per token on Monday. It hit a high for the year of $64,895.22 on April 14. “Many point to bitcoin’s volatility as untenable,” RBC Capital Markets’ Amy Wu Silverman wrote, according to Reuters. “Indeed, bitcoin makes severe and dizzying swings.” Other major cryptocurrencies, including dogecoin and …

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