Time and money are largely interchangeable terms. - Winston S. Churchill

Finance

Former Maldivian president jailed for 11 years

Former Maldivian president jailed for 11 years

Abdullah Yameen was president of the Maldives from 2013-2018. He was sentenced to 11 years in prison and a $5 million fine. The court found that Yameen deposited money received from the lease of Aar Island into his personal account and laundered the funds. He also received a $1 million

Core Scientific files for bankruptcy

Core Scientific files for bankruptcy

One of the largest bitcoin miners, Core Scientific, has failed financially and will file for Chapter 11 bankruptcy today. Sources familiar with the miner's business told CNBC reporters. For now, the company still manages to generate a profit, but according to the insider, that revenue is not enough to pay

OneCoin co-founder Carl Greenwood confessed to defrauding investors of $4 billion.

OneCoin co-founder Carl Greenwood confessed to defrauding investors of $4 billion.

He co-founded it along with "cryptocurrency queen" Rouge Ignatovna, who is still on the federal wanted list. Greenwood, a Swiss and British citizen, was detained in Thailand and extradited to the United States. He will be sentenced on April 5, 2023. But the "cryptocurrency queen" was one of the ten

Ministry of Digital will present a company that will create a Russian game engine by the end of the year - Shadaev

Ministry of Digital will present a company that will create a Russian game engine by the end of the year - Shadaev

According to the minister, domestic games have become in demand at a time when large international companies "do not give away their content." "Therefore, games, gamedev will definitely be in focus both in terms of launching a large project to develop a Russian game engine and in terms of state

There's room to grow: Positive Technologies has good plans to scale its business

There's room to grow: Positive Technologies has good plans to scale its business

Maxim Pustovoy, the company's managing director, when asked by the InvestFuture team about the growth of sales at a time when most of the revenue comes from large businesses, explained why the company plans to increase sales volumes. First, there are still many companies on the market that spend little

High interest rates are not hindering demand for credit cards in the U.S.

High interest rates are not hindering demand for credit cards in the U.S.

The latest survey by the Federal Reserve Bank of New York showed that the rate of credit card applications in October was 27.1%. On an annualized basis, the increase was 0.6%, indicating strong demand for credit in the economy. The Fed's attempts to cool the economy so far

Nvidia has decided to finally withdraw from the Russian market

Nvidia has decided to finally withdraw from the Russian market

The company stated that the share of the Russian market from the total revenue for the year is only 2% or $500 thousand. Earlier the company wanted to keep an office in the Russian Federation, however, apparently, reputational risks became the prevailing factor.

COVID problems in Beijing again

COVID problems in Beijing again

Chinese officials say the number of new local cases of COVID is skyrocketing. China still has a zero-tolerance policy for COVID, which could have a negative impact on the country's economy. China's GDP and consumer demand data are already upsetting.

The Ministry of Finance plans to change the funded part of the pension

The Ministry of Finance plans to change the funded part of the pension

The Ministry of Finance should submit a draft law on the new voluntary funded pension system to the government by December 30 this year. The document provides the principle of voluntariness and tax benefits, as well as the transfer of pension savings frozen since 2014 to citizens. According to Aksakov,

We should not be surprised by the recent collapse of cryptocurrencies, - De Guindos of the ECB

We should not be surprised by the recent collapse of cryptocurrencies, - De Guindos of the ECB

There have been so many events lately that a lot has started to be forgotten too quickly. But last week, one of the largest crypto exchanges in the world, FTX, went bankrupt, which could dramatically change the direction of the entire industry. The crypto-industry will probably face a wave of