The head of the Wagner Group, Yevgeny Prigozhin, has accused Russia’s military leadership of striking his fighters and vowed to retaliate. The threat, made over his official Telegram channel, has sparked a crisis in Russia, with the country’s security service FSB calling on Prigozhin’s own Wagner Group private army to refuse orders and detain him.
World
Russian President Vladimir Putin has vowed to punish all those involved in the “armed rebellion” and accused them of committing acts of treason against the state. In a televised address, Putin appealed to those who were “dragged into a criminal adventure by deceit or threats, pushed onto the path of a serious crime – an
This week, Indian Prime Minister Narendra Modi visited the U.S. to meet with President Biden, as well as other political and business leaders. During his visit, Modi spent over an hour with the CEOs of top tech companies, including Apple, Alphabet, and Microsoft, to discuss opportunities and challenges in investing in India. Apple CEO Sees
Turkey’s central bank has raised the country’s key interest rate from 8.5% to 15%, almost doubling it, as the newly re-elected President Recep Tayyip Erdogan’s new economic administration embarked on a dramatic monetary policy U-turn. The bank has stated that there will be further gradual monetary tightening until the inflation picture in the country improves.
Federal Reserve Chairman Jerome Powell recently confirmed that additional interest rate hikes are likely to take place until inflation levels decrease. In his prepared remarks for testimony he will deliver to the House Financial Services Committee, Powell stated that the recent decision not to push rates higher was only a temporary respite, rather than an
On Tuesday, the first trading day of the week, stocks fell as the market took a breather following a rally that drove it to levels not seen in over a year. The Dow Jones Industrial Average fell by 200 points, or 0.58%, the S&P 500 slid 0.42%, and the Nasdaq Composite declined 0.25%. Markets were
On Friday, crypto prices rose after BlackRock filed for a spot bitcoin exchange-traded fund (ETF) in the United States. Bitcoin rose 3.75% to $26,355.04, while ether climbed 3% to $1,718.32. Altcoins also increased, with Solana and Cardano tokens gaining 4.5% and 2% respectively. Binance Coin rose 2.75%, litecoin gained 3%, and the Uniswap token climbed
On Thursday, the Dow Jones Industrial Average rose by over 400 points and the S&P 500 hit a new 13-month high as investors bet that the Federal Reserve was close to halting its rate-hiking campaign following 10 consecutive increases. The S&P 500 climbed 1.4%, while the Nasdaq Composite gained 1.3%. Meanwhile, bond yields dropped and
Vodafone and CK Hutchison have reached a deal to merge their UK businesses, a move that will result in the reduction of the number of mobile operators in the country to three. The new company will invest £11 billion ($13.91 billion) in the UK over a decade to create one of Europe’s most advanced standalone
Wall Street banks have warned that the weakness in China’s real estate sector could impede the economy for years to come, and could even have an impact on countries in the wider region. Goldman Sachs economists led by China economist Lisheng Wang said in a weekend note that they see persistent weaknesses in the property