Tag Archives: money

Treasury Secretary Janet Yellen called on Tuesday for the US’ allies to pay Ukrainian wages and rebuild infrastructure in the war-torn country. Deeming the billions of dollars already committed by the US and Europe insufficient to keep Ukraine afloat, Yellen declared that Kiev will eventually need “massive support” on the …

Chelsea’s outgoing owner Roman Abramovich has called upon the three remaining bidders hoping to secure a deal to buy the Premier League giants to contribute £500 million ($630 million) towards a fund designed to help victims of the military conflict in Ukraine if they want their bid to be successful, according to …

Swiss bank UBS is holding roughly $22 billion in invested assets for Russian clients. The figure was unveiled in the bank’s latest quarterly report on Tuesday. The money belongs to Russian residents potentially affected by sanctions placed on Moscow by the EU and Switzerland in connection with Russia’s military operation …

Elon Musk is reportedly willing to spend between $10-15 billion of his own money to take Twitter private, and is planning to launch a tender offer, according to two sources familiar with the matter as quoted by the New York Post. The bid will be made in about 10 days, …

A group of politicians from the Christian Democratic Union of Germany (CDU) in Berlin have proposed to remove a monument to Communist leader Ernst Thalmann, sell it for scrap, and use the money to help Ukrainians during the ongoing conflict with Russia. The local CDU branch filed a request on …

Italy and the Netherlands have frozen assets worth $1.7 billion belonging to Russian citizens, in line with the bloc’s sanctions against their country, the media reported on Tuesday. Italy seized assets worth over $882 million (€800 million) belonging to wealthy Russians on the EU blacklists, Prime Minister Mario Draghi said …

Swiss banks, prized for their anonymity and safety, made a rare estimation of holdings by Russian clients amid sanctions slapped on Moscow due to the military operation in Ukraine. The country’s Bankers Association (SBA) said on Thursday that there are between 150 and 200 billion Swiss francs ($160-$213 billion) of …

Famed writer and economist Robert Kiyosaki has warned that the actions of governments – such as spending 16% of global GDP on the Covid pandemic and massive money printing – could lead to a crash so big that even the global reserve currency, the US dollar, becomes “worthless.” In the …

The US House of Representatives is rushing a bill that would impose a series of sanctions on Russia and give Ukraine $500 million in military aid, skipping the committee mark-up process entirely, The Intercept reported on Tuesday, citing sources in Congress. Speaker Nancy Pelosi (D-California) reportedly told members on a …

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