Arkansas teachers settle with Allianz over fund debacle
FRANKFURT, March 3 (Reuters) – A pension fund for teachers in Arkansas has settled with Allianz and dropped its lawsuit over losses in a multibillion-dollar trading debacle at the German insurer’s funds arm, according to a court document. The Arkansas Teacher Retirement System was the first lawsuit lodged against Allianz in 2020 after the downfall […]
Predictions of a disruption in Russia’s energy sector, have pushed up oil prices
Analysts believe that sanctions and the migration of Western oil corporations will have an immediate impact on Russian oil production.
Meta has announced the launch of a universal AI-based translation software!
Meta is planning to launch an AI-based revolutionary effort to develop translation software for its users
California has unveiled a “Smart plan” to combat coronavirus as a manageable threat!
California health authorities have revealed, the next phase of California’s Covid-19 response.
Disney+ subscribers have climbed to 129.8 million
The number of Disney+ subscribers increased to 129.8 million, as did the number of park visits
ICU – Ukrainian Financial Group Launches the First Ever Mobile Trading Application in the Country
ICU (Investment Capital Ukraine) has become the first Financial Group in Ukraine to introduce a mobile application for trading government bonds in the country. ICU, independent Ukrainian asset management, private equity, and investment banking advisory firm has been working closely with the government to help stimulate the country’s economic growth and development. Globally, most major […]
In a time of rising inflation, tourism could be Turkey’s rescue
Turkey’s annual inflation rate has reached a 20-year high of 48.7%, according to government figures released last week. Turkey’s social and economic progress has been outstanding since the 2000s, resulting in increasing employment and earnings and elevating the country to an upper-middle-income status. Turkey increasingly urbanized throughout this time, maintaining strong macroeconomic and fiscal policy […]
Is this the start of Facebook’s real-time downfall?
Meta Platforms Inc. (Facebook) had a historic fall last week, with Mark Zuckerberg, the social network’s creator, losing almost $31 billion of his fortune, one of the entrepreneur’s largest personal losses in recent times. It is said to have dropped more than 20% last week after the social networking business issued a weaker-than-expected projection. As […]
The global economy is in the process of reformation!
After the massive Covid-19 situation, the global economy is returning to normal. The majority of countries are heading to the pre-pandemic economy-related activities. However, the recovery of the economy is still unequal. Unemployment is emerging as one of the major issues. OECD countries despite being economically advanced countries are fighting to strike a balance. The […]
Ukraine tensions lift dollar, yuan holds firm
LONDON, Jan 24 (Reuters) – The dollar rose to a two-week high on Monday against a basket of currencies, lifted by the tension between Russia and the West over Ukraine and the possibility of a more hawkish stance from the Federal Reserve this week. Markets were until recently not fretting about the massing of Russian […]
