EXCLUSIVE Contracts show Lebanon’s central bank obscured recipients of commissions
For more than a decade, Lebanon’s central bank charged commercial banks in the country commissions when they bought government securities without making clear that the bulk of those commissions went to a company controlled by the brother of the central bank’s governor, according to documents seen by Reuters.
EU Parliament’s top group suggests blacklisting Switzerland after Credit Suisse leaks
The main political grouping in the European Parliament called on Monday for a review of Switzerland’s banking practices and for the country’s possible inclusion in the EU’s dirty-money blacklist after leaks of Credit Suisse (CSGN.S) documents.
CRYPTOVERSE-Bitcoin could be laid low by miners’ malady
Bitcoin miners are feeling the heat – and the pain’s rippling downstream to pressure prices.
EXCLUSIVE U.S. plans to cut ties with targeted Russian banks if Ukraine is invaded – sources
President Joe Biden’s administration has prepared an initial package of sanctions against Russia that includes barring U.S. financial institutions from processing transactions for major Russian banks, three people familiar with the matter said.
DuPont to shed mobility and materials unit in $11 bln Celanese deal
DuPont (DD.N) said on Friday it would sell most of its mobility and materials business to Celanese Corp for $11 billion, as the industrial materials maker continues to tweak its portfolio to focus on high-margin operations
Trump’s Truth Social tops downloads on Apple App Store; many waitlisted
Donald Trump’s new social media venture, Truth Social, launched late on Sunday in Apple’s App Store, potentially marking the former president’s return to social media after he was banned from several platforms last year
Markets brace for heavy falls as Russia-Ukraine crisis escalates
Investors were bracing for a torrid day for Russian, Ukrainian and wider global markets when they reopen on Tuesday, after Vladimir Putin upped the ante in a crisis the West fears could unleash a major war.
Russia, China tone down G20 text on geopolitical tensions
Russia and China watered down a communique being drafted by heads of the Group of 20 major economies on Friday to remove a reference to “current” geopolitical tensions clouding the global economic outlook, sources at the talks said.
Factbox: A global treaty to curb plastic pollution
More than 100 United Nations member states will convene this month to draw up a blueprint for the first-ever global agreement to tackle plastic pollution. The U.N. says it could be the most important environmental pact since the Paris Agreement climate deal in 2015.
Huawei to invest $632 mln to build new digital energy HQ in Shenzhen
Huawei Technologies (HWT.UL) will spend 4 billion yuan ($632.52 million) to build a new headquarters and R&D centre for its digital power unit, according to local media reports, as the Chinese telecoms giant diversifies amid U.S. pressure.
