Serbia’s New Digital Welfare System Raises Concerns for Vulnerable Groups
Belgrade, the capital city of Serbia, implemented a new digital welfare system last year, aiming to make the distribution of benefits fairer and prevent fraud. However, this system has caused thousands of low-income individuals, like Jovana Angela, a 43-year-old single mother from Belgrade, to lose access to welfare benefits. Despite working various jobs, including cook, […]
Private Equity Firm Roke Capital to Acquire Subway in Conditional $9.55 Billion Deal
Roke Capital to Acquire Subway in $9.55 Billion Deal New York, 2021 – In a significant development, private equity firm Roke Capital has announced its plan to acquire the renowned American sandwich chain, Subway, for a staggering $9.55 billion. Under the terms of the acquisition, the deal will be executed as an earn-out, whereby the […]
Russian Attack on Ukrainian Port Caused Severe Damage to Grain Export Facilities and Loss of Stored Grain
Overnight Russian Attack Damages Ukraine’s Grain Export Facilities Kiev, 19th November – By Reuters Ukraine’s Minister of Agriculture and Food, Mr. Sorsky, revealed on Monday that a devastating Russian attack during the night targeted the vital port of Chornomorsk in the Odesa region, situated in the southern Black Sea. The assault resulted in severe damage […]
The Most Banned Book in America: The Uproar Over Maia Kobave’s ‘Gender Queer’
Controversial Graphic Novel “Gender Queer” Becomes Most Banned Book in the United States By Lindsey Anderson SEATTLE (Thomson Reuters Foundation 4th) – American author Maia Kobave never anticipated the immense controversy surrounding her graphic novel “Gender Queer” upon its publication in 2019. However, three years later, the book has now become the most banned work […]
Mainland Banks Plunge on Goldman Sachs Downgrade
Mainland Banks Plummet on Hong Kong Stock Market Shanghai/Hong Kong – In a significant development, mainland banks experienced a sharp decline in the Hong Kong stock market on Thursday. The cause for concern was sparked by Goldman Sachs’ decision to downgrade its investment positions regarding Agricultural Bank of China and several others. On the 5th […]
Fund allocation to stocks, lowest level in 5 months = BofA survey | Reuters
Global fund managers’ allocations to equities fell to five months, according to a Bank of America (BofA) survey released on Monday. Picture taken in March 2022 (2023 REUTERS/Brendan McDermid) LONDON (Reuters) – Global fund managers’ allocations to equities fell to a five-month low, according to a Bank of America (BofA) survey released on Monday. The […]
Angle: Pakistan, a country with great air pollution, is the introduction of electric buses a hot stone | Reuters
Islamabad (Thomson Reuters Foundation) – Raja Kamran, a 50-year-old worker in Pakistan’s financial capital, Karachi, used to commute by motorbike but switched to electric buses when they were introduced. It saves me money and helps me avoid breathing some of the city’s polluted air. Air pollution is the leading cause of death in Pakistan, with […]
Swiss regulators pay close attention to banks and insurance companies Following Silicon Valley bank failure | Reuters
A view of the Park Avenue location of Silicon Valley Bank (SVB), in New York City, U.S., March 13, 2023. REUTERS/David ‘Dee’ Delgado ZURICH (Reuters) – Switzerland’s Federal Financial Market Supervisory Authority (FINMA) said on Wednesday it was closely monitoring the situation of the banks and insurance companies it supervises. The measures come after two […]
Saudi Aramco, last year’s net profit increased by 46% year on year, the highest | Reuters
Saudi Arabia’s state-owned oil company Saudi Aramco posted a record net profit of $161.1 billion in 2022, up 46% from the previous year, according to a report released on March 12. Prices were Soaring energy, increased sales, and expanded refining margins provide tailwinds. FILE PHOTO: An oil facility in Abqaiq, Saudi Arabia, December 2019. REUTERS/Maxim […]
Sri Lanka to announce debt restructuring strategy in April = central bank governor | Reuters
Sri Lanka’s central bank governor Weerasingha (pictured) said on Wednesday that the bank will announce its debt restructuring strategy in April. Facilitate negotiations with commercial creditors prior to the completion of a review by the International Monetary Fund (IMF). FILE PHOTO: Colombo, August 2022. REUTERS/Dinuka Liyanawatte COLOMBO (Reuters) – Sri Lanka’s central bank governor Weerasingha […]
