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“#Somalia’s president extends his government’s mandate” MOGADISHU, Somalia — Somalia’s president has defiantly signed into law an extension of his mandate and that of his government as the United States and others threatened sanctions and warned of further instability in one of the world’s most fragile countries. The standoff prolongs a months-long election crisis after the February…
“# European Investment Bank reportedly to issue bonds with blockchain tech ” The European Investment Bank, an international financial institution owned by European Union member states, is reportedly exploring blockchain technology for issuing digital bonds. According to a Tuesday Bloomberg report, the EIB has hired major global banks like Goldman Sachs, Banco Santander and Societe…
“#Europe’s vax disaster shows Trump, UK’s BoJo got biggest COVID challenge right” In the race to save lives from the novel coronavirus, the United States and Britain are winning. A stunning 47 percent of UK residents and 36 percent of US residents have received at least one dose of a COVID-19 vaccine. Compare that with the European Union, where…
“#Leaders of 23 countries back pandemic treaty idea” GENEVA/BRUSSELS – Leaders of 23 countries and the World Health Organization on Tuesday backed drawing up an international treaty that would help deal with future health emergencies like the coronavirus pandemic by tightening rules on sharing information. The idea of such a treaty, also aimed at ensuring…
“#US whiskey makers about to get soaked by higher tariffs” President Trump’s lingering trade wars are about to soak American whiskey makers even as the rest of the US booze industry celebrates a recent lifting of tariffs on wine, vodka and rum. Major US whiskey brands — from Woodford Reserve to Jim Beam and Maker’s…
“#US and allies slap China’s wrist while Beijing plays brutal hardball” On Monday, the United States, Britain, Canada and the European Union announced sanctions against multiple Chinese officials for “serious human rights abuses” against the Muslim-minority Uighurs in the far-west region of Xinjiang. That’s wrist-slaps over genocide while Beijing goes for the jugular against powers…
“# European Central Bank tries to quell Germans’ doubts about digital euro ” The European Central Bank, or ECB, has been investigating the possibility of launching a digital euro project within five years to complement existing central bank money. But whereas high-profile leaders such as ECB president Christine Lagarde have been largely positive about the…
“# German federal bank runs successful blockchain system without a CBDC ” Germany’s federal bank, the Deutsche Bundesbank, has run successful tests on a project which bridges the traditional finance infrastructure with blockchain technology. Despite the current global rush by central banks to familiarise themselves with central bank digital currency technology, the testing carried out by the…
“# Irish crypto firms will impose Anti Money Laundering ID checks from April ” Irish lawmakers will impose an anti money laundering regime on crypto for the first time in April The Central Bank of Ireland has extended the nation’s anti-money laundering, or AML, and countering the financing of terrorism, or CTF, guidelines to apply…
“#EU sets out virus pass plan to allow free travel by summer” BRUSSELS — The European Union’s executive body proposed Wednesday issuing certificates that would allow EU residents to travel freely across the 27-nation bloc by the summer as long as they have been vaccinated, tested negative for COVID-19 or recovered from the disease. With…