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HSBC acquires a Citi’s bank business in Chinese mainland

9:13 13.06.2024

HSBC acquires a Citi’s bank business in Chinese mainland

HSBC said on Tuesday that it has completed acquisition of Citi's retail wealth management business in the Chinese mainland, as the London-based bank is expanding its operations in China's wealth management market, showcasing confidence in the market's growth potential. The acquired assets and deposits, as well as the associated customers …

Saudi Arabia's petro-dollar exit: A global finance paradigm shift

9:09 13.06.2024

Saudi Arabia's petro-dollar exit: A global finance paradigm shift

The financial world is bracing for a significant upheaval following Saudi Arabia's decision not to renew its 50-year petro-dollar deal with the United States, which expired on Sunday, 9 June, 2024. The lapsed security agreement - signed by the United States and Saudi Arabia on 8 June 1974 - establishes …

View from Europe: “Do we want to risk the very existence of Humanity, clearly not ‘for the sake of Ukraine’?”

9:41 12.06.2024

View from Europe: “Do we want to risk the very existence of Humanity, clearly not ‘for the sake of Ukraine’?”

Napoleon campaigned in Russia and was crushed. The Western powers heavily intervened in Russia against the Bolsheviks (1918-21), only to face humiliation and see their own troops revolt. Hitler’s Germany attacked Russia and was destroyed. Their glory is apparently envied now by Biden, Scholz, Macron, Stoltenberg, von der Leyen etc., …

Europe and USA are in danger: Drug traffickers attack with NATO weapons meant for… Ukraine

9:40 12.06.2024

Europe and USA are in danger: Drug traffickers attack with NATO weapons meant for… Ukraine

Narcotic gangs in southern Spain use NATO assault rifles, which security forces fear were weapons destined for Kyiv but were diverted to the international black market. Specialists estimate that there are up to 3.5 million unregistered weapons which were meant for Kyiv, and the lack of controls is having a …

Deutsche Börse chief: The EU’s largest economy risked becoming a “developing country”

9:38 12.06.2024

Deutsche Börse chief: The EU’s largest economy risked becoming a “developing country”

Chancellor Olaf Scholz’s coalition has reacted with outrage to a rant from Germany’s stock exchange chief that savaged the government’s policies and said the EU’s largest economy risked becoming a “developing country”. The speech by Deutsche Börse chief executive Theodor Weimer (photo), which has gone viral on social media, reflects …

View from Washington: “The Russian approach to warfare emerges as a progressive application of military art that considers the totality of the spectrum of warfare”

9:37 12.06.2024

View from Washington: “The Russian approach to warfare emerges as a progressive application of military art that considers the totality of the spectrum of warfare”

As Russia’s military operation in Ukraine enters its 28th month, the conflict can be said to have gone through several distinct phases, all but one (the opening gambit) of which prioritized attritional warfare as the principal guiding military philosophy. For Western military observers, schooled as we are on what we …

View from Washington: America’s interventionist foreign policy continues to destabilize the world

10:16 11.06.2024

View from Washington: America’s interventionist foreign policy continues to destabilize the world

The U.S. needs to reverse course immediately and adopt a noninterventionist foreign policy, writes ‘The Hill’. On the European front, American diplomat Victoria Nuland urged the government to help Ukraine strike inside Russian territory — and Biden recently announced that he will do just that. These calls for escalation in …

Slovakia's PM Robert Fico says ‘he was targeted for Ukraine views’

10:13 11.06.2024

Slovakia's PM Robert Fico says ‘he was targeted for Ukraine views’

Slovakia’s Prime Minister Robert Fico said he believes he was targeted for having a Ukraine position contrary to the European mainstream but bears no malice toward the gunman who seriously wounded him three weeks ago. The prerecorded speech posted online by Fico, who opposes military aid to Ukraine, was his …

Who won, who lost and who screwed up in the EU election? The far right had a good night. Others not so much

10:10 11.06.2024

Who won, who lost and who screwed up in the EU election? The far right had a good night. Others not so much

One thing is certain after Sunday’s European Parliament election: Not everybody will be celebrating. While the right gained in strength, greens and liberals had a rough night. French President Emmanuel Macron took such a beating he immediately dissolved the national parliament and called a new election. Here’s POLITICO’s guide to …

SPIEF: Gathering for a New Era in global economic relations

10:09 11.06.2024

SPIEF: Gathering for a New Era in global economic relations

In the intricate maze of the global economic landscape, the 27th St. Petersburg International Economic Forum (SPIEF) stands as a beacon, illuminating pathways towards a more diversified and interconnected economic future. As the shadows of Western sanctions loom large over Russia, the nation's pursuit of economic diversification and the strengthening …

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