The head of Canada’s largest crypto company, WonderFi, is free after being kidnapped in Toronto on Wednesday. After electronically paying a ransom of $1 million Canadian dollars, or $720,660, Dean…
Business
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BusinessEconomyEuropeFeaturedGlobal NewsGovermentNational SecurityNewsRussia
Russia economy meltdown as bonds crash and shopping centres face mass bankruptcy
by Koby Johnby Koby JohnThe Union of Shopping Centres (STTs) estimates that half of the country’s shopping centres are facing high debt burdens. Many have taken out loans with floating rates, which creates a…
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US understands importance of Chabahar Port for Afghanistan: India
The United States understands the importance of Chabahar Port for continued humanitarian supplies to Afghanistan and to provide the country economic alternatives, India’s foreign ministry said on Friday. India recently…
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US to have official in Tokyo dedicated to monitoring China
by Travis Foxby Travis FoxWASHINGTON (Kyodo) — The administration of President Joe Biden will deploy an official dedicated to monitoring Chinese governmental and business activities to the U.S. Embassy in Tokyo in July, State…
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Donald Trump Media Firm Soars in Stock Market Debut
by Thomas Burkeby Thomas BurkeShares in Donald Trump’s media company soared as the firm made its formal debut on the stock market. Shares surged past $70 in early trade, giving the firm a market…
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Remote Washington State Town Becomes Hub for EV Battery Production
by Blake Brooksby Blake BrooksMOSES LAKE, WASHINGTON — It’s mid-winter in east Washington state, yet despite the chilly fog, two construction sites in the town of Moses Lake are brimming with activity. Several hundred workers…
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US Energy Department Intends To Purchase 3 Million Barrels Of Oil For June
by Elis Carterby Elis CarterThe United States Department of Energy has issued an application for the purchase of approximately 3 million barrels of oil for delivery in June to replenish the strategic reserve, Azernews reports, citing…
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A US-based security company has sued Air Canada over gold bars and cash worth millions that were stolen from Toronto’s airport . Brink’s International alleges the airline was “reckless” and…
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President Wickremesinghe’s Contribution To Securing IMF Loan For Sri Lanka
by Thomas Burkeby Thomas BurkeBrussels (08/11 – 50) On March 20, the IMF approved a $3 billion Extended Fund Facility (EFF) to support Sri Lanka amid its economic crisis. The approval is expected to…
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AsiaBusinessCrimeDefenceEconomyEnvironmentFeaturedGlobal NewsgovernmentNational SecurityNewsPoliticsSri LankaWorld News
Notorious Benjamin Wey Sues Sri Lanka For $250 Million
by Thomas Burkeby Thomas BurkeLondon (05/11 – 44.44) Benjamin Wey, a Chinese-American financier, founder of Fintech Holdings and a history of legal trouble, is suing Sri Lanka for $250 million. Wey claims that he was…