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Republican senators intend to ban U.S. marketplaces from hosting programs that allow payment in digital yuan, under the pretext that it would allow Chinese authorities to track the activities of Americans. According to the U.S. senator's office, the digital yuan e-CNY could provide the Chinese
Finance
Recall that Britain imposed a 25 percent tax on excess profits of oil and gas companies to fund measures to support citizens. According to the think tank, North Sea oil and gas companies can use the new rules to reduce the amount of tax. Companies can funnel excess profits into
Finance
Japanese steel giant Nippon Steel said Thursday that sharp increases in the cost of resources such as iron and coking coal are provoking a rise in steel prices. The company's vice president said that otherwise their profits would shrink. Nippon Steel and the steelmaking division of JFE Holdings
Finance
Research firm MoffettNathanson cut its 2025 revenue estimates for Google, Meta*, Snap and Twitter. Digital ad spending in the U.S. is up 38% in 2021 from a year earlier. However, the state of the economy this year could undermine the rapid growth. "After years of excessive optimism, we
Finance
The Hungarian authorities have adopted prohibitive measures for foreigners wishing to fill up their cars at gas stations in the country. The Hungarian authorities explained this measure by the fact that "gasoline tourism has flourished in the country, which has jeopardized the uninterrupted supply. Gasoline prices are now frozen
Bank
This is how it is proposed to make life easier for those who have suffered from difficulties with servicing debt securities due to sanctions. "A Russian issuer that previously issued Eurobonds can issue a substitute Russian bond and exchange it for this Eurobond and subsequently service it," the
Finance
The mayor of Moscow Sergey Sobyanin announced a "covid amnesty" because of the "fall in real incomes of citizens". The executive authorities will stop the collection of assigned but unpaid fines for violations of covid restrictions. This does not apply to non-compliance with isolation during
Finance
The proposal was approved on May 24. Transactions in cryptocurrencies and tokens would be exempt from value-added tax on trading platforms registered by the Ministry of Finance. The main goal of the initiative is to facilitate cryptocurrency trading on regulated exchanges so that authorized bodies, including the Securities and
Europe
* A rate hike in the EU could threaten a recession. However, a tighter ECB policy would allow the euro to recoup losses against the dollar, which could reduce imported inflation from the U.S.
Bank
The Russian Ministry of Finance, as a responsible borrower, confirms its readiness to continue servicing and repaying all debt obligations. Payments to holders of Russian Federation Eurobonds within the Russian accounting infrastructure will be made to their NSD accounts. Payments to Russian Federation Eurobond holders using foreign financial intermediaries will
Finance
The York Water Company was incorporated in 1816 in York City, Pennsylvania, and is the oldest privately held public utility company in the United States. By the end of 1816 the first 35 homes were connected to the water system. In 1849 a steam pump water supply was established. In
World Wide
Two years ago, clean energy enthusiasts were right to feel optimistic. In the decade to 2020, the levelized cost of electricity, which takes into account investment in equipment, construction, financing and maintenance, fell by 69% for onshore wind and 85% for solar projects, according to consulting firm Lazard. With renewables