The Suez Canal, one of the most important waterways in the world, is facing serious trouble. Recently, its revenues have dropped by a massive 60%, and nearly half of the ships that usually pass through this crucial route are now avoiding it. But why is this happening, and what does
Credit ratings play a huge role in the financial world. They help investors, both big institutions and regular individuals, understand how likely it is that a country or company will be able to repay its debts. When it comes to bonds and other forms of debt, credit ratings give investors
Fifteen years ago, April Little never imagined that making $300,000 a year wouldn’t feel like the financial freedom she always dreamed of. At 38, living in Rochester, New York, April once thought that a high salary would mean no more financial worries, a cozy home, and the perfect life. But
Lawyers working on behalf of the Sandy Hook families, who were awarded a $1.4 billion judgment against Alex Jones, are now taking serious steps to get that money. They’ve asked a Texas court to appoint a “receiver” to take control of any new income or assets Jones might acquire. This
On July 29, 2024, in Tokyo, Japan, Subrahmanyam Jaishankar, India’s external affairs minister, attended an important meeting known as the Quadrilateral Security Dialogue (Quad). At a later event in Washington, he shared some fascinating insights about India’s approach to trade, especially with the challenges posed by the United States. Jaishankar
Russia has launched a significant lawsuit against several companies belonging to the UK–Dutch energy giant, Shell. This legal action was revealed through the Moscow Commercial Arbitration Court’s records, though many of the details remain unclear. What we do know is that Shell’s global entities, including Shell Global Solutions International B.V.,
In a surprising move, a court in the Moscow Region has ordered a freeze on funds belonging to two major U.S. banks: JP Morgan Chase and The Bank of New York Mellon. This freeze affects a staggering amount of nearly 93.5 billion rubles, which is about $1 billion! Why Did
Pakistan and Russia have taken a big step towards strengthening their relationship by signing their first-ever barter trade agreement. This deal comes after a large delegation of Pakistani officials and businessmen traveled to Moscow, marking a historic moment for both nations. The agreement was made during the Pakistan-Russia Trade and
Many individuals and companies send their money to other countries for different reasons. Some of these reasons include looking for better ways to invest their money, reducing how much tax they have to pay, and keeping their wealth safe in places where taxes are low or even nonexistent. Where Is
