Imagine holding billions of dollars in frozen assets, but not knowing what will happen if they’re taken away. That’s exactly the challenge facing Euroclear, a Belgium-based financial giant that’s sitting on nearly €197 billion ($213 billion) of Russian assets frozen under EU sanctions. These assets, belonging to Russia’s central bank,
In a surprising turn of events, Adani Ports, part of the Adani Group conglomerate, has decided to walk away from a $553 million loan offered by the United States Development Finance Corporation (DFC) for its Colombo Port project in Sri Lanka. This decision, disclosed by the company on Tuesday, raises
China has just fired a new shot in the ongoing tech battle with the United States. On Monday, China’s market watchdog, the State Administration for Market Regulation (SAMR), announced it is investigating Nvidia, a major US chipmaker. This news shook the tech world, as Nvidia’s shares dropped over 2% shortly
Indian weddings are unlike any other celebration in the world. They are vibrant, full of rich traditions, and often grand in scale. The phrase “big, fat Indian wedding” exists for a reason, and this year, industrialist Mukesh Ambani raised the bar even higher. His younger son’s wedding was a months-long
The number of companies leaving the London Stock Exchange (LSE) is at its highest level in over a decade, according to Bloomberg. In 2024, a total of 45 companies have already delisted, which is 10% more than last year and the most since 2010. This sharp increase in delistings is
A high-profile case in Vietnam has captured international attention, where a billionaire real estate tycoon faces the death penalty for one of the biggest financial scandals in the country’s history. Truong My Lan, 68, was convicted of massive fraud involving over $12 billion and could be executed by lethal injection
The Adani Group, one of India’s largest business empires, has faced a shocking $55 billion loss in market value. This comes after US prosecutors accused its top executives, including chairman Gautam Adani, of being involved in a massive bribery and fraud scheme. Gautam Adani, once among the world’s richest men,
Russia and Iran have officially stopped using the US dollar for trade between their countries, switching entirely to their own national currencies—the Russian ruble and the Iranian rial. This major shift, confirmed by Mohammad-Reza Farzin, the Governor of the Central Bank of Iran (CBI), marks a bold move to sidestep
Northvolt AB, once seen as the future of Europe’s electric car revolution, has filed for bankruptcy. This marks a dramatic turn for a company that was supposed to lead the way in green technology. But instead of success, it’s now become a symbol of Europe’s struggles in the electric vehicle
