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Bank of England. Photo source: Financial News. Reading time: 2 minutes The Bank of England (BoE) decided on Thursday to increase the monetary policy interest rate by 50 basis points, the largest interest rate increase since 1995, even though it…
Reading time: 2 minutes The Bank of Spain has registered the local unit of the largest cryptocurrency exchange in the world, Binance, as a virtual currency platform, with procedures in place against money laundering and terrorist financing, informs Reuters. The…
Reading time: 2 minutes The European Central Bank (ECB) announced on Wednesday that it intends to create a new tool to address the risk of the eurozone fragmenting, in a move aimed at allaying fears of a new debt crisis,…
In its Global Economic Prospects report, the World Bank announced that the world economy would grow by 2.9% this year, compared to a 4.1% advance forecast in January 2022, according to The report was published on Tuesday, Reuters reports. In…
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Reading time: 2 minutes The chairman of the budget committee of the Sofia Parliament, Lubomir Karimanski, the candidate for governor of Bulgaria’s central bank from the “There is Such a People” (ITN) party, announced from the rostrum that he had…
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Reading time: 2 minutes The World Bank is working to “approve” an additional $ 350 million loan for Ukraine in a few days’ time, to provide emergency money for its efforts to defend itself against the Russian invasion, said people…
Reading time: 2 minutes The first bankruptcy of a Russian bank is expected, following the launch by Vladimir Putin of the attack on Ukraine. The European Central Bank (ECB) noted on Monday the “bankruptcy or probable bankruptcy” of the European…
Earthquake in the banking system after Credit Suisse is accused in a Swiss court of allowing an alleged Bulgarian gang of cocaine traffickers to launder millions of euros, CNN reports. In addition, the Swiss press writes that the situation is…
