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Business Maverick: IMF Head Says Russian Default No Longer an ‘Improbable Event’A Russian sovereign default is no longer improbable, though it’s unlikely to trigger a global financial crisis, International Monetary Fund Managing Director Kristalina Georgieva said. 𝙸 𝚓𝚞𝚜𝚝 𝚖𝚊𝚍𝚎 R100k 𝚒𝚗 5 𝚍𝚊𝚢𝚜 𝚘𝚏 𝚝𝚛𝚊𝚍𝚒𝚗𝚐, 𝚒𝚝'𝚜 𝚞𝚗𝚋𝚎𝚕𝚒𝚎𝚟𝚊𝚋𝚕𝚎! 𝙰𝚕𝚕 𝚝𝚑𝚊𝚗𝚔𝚜 𝚝𝚘 Nelly_wa_Macha 𝚐𝚛𝚊𝚝𝚎𝚏𝚞𝚕 𝚖𝚊, 𝙸'𝚕𝚕 𝚔𝚎𝚎𝚙 𝚘𝚗 𝚝𝚎𝚜𝚝𝚒𝚏𝚢𝚒𝚗𝚐 𝚘𝚏 𝚢𝚘𝚞𝚛 𝚐𝚘𝚘𝚍𝚗𝚎𝚜𝚜 The irony of it all is cut Russia's means to pay its commitments by banning them from SWIFT and then calling them out for defaulting....
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: EU Discussing Sanctions on Chelsea’s Abramovich, Other RussiansEuropean Union governments are discussing sanctioning the owner of Chelsea Football Club, Roman Abramovich, along with more than a dozen other prominent Russians, according to documents seen by Bloomberg and people familiar with the matter. 𝙸 𝚓𝚞𝚜𝚝 𝚖𝚊𝚍𝚎 R100k 𝚒𝚗 5 𝚍𝚊𝚢𝚜 𝚘𝚏 𝚝𝚛𝚊𝚍𝚒𝚗𝚐, 𝚒𝚝'𝚜 𝚞𝚗𝚋𝚎𝚕𝚒𝚎𝚟𝚊𝚋𝚕𝚎! 𝙰𝚕𝚕 𝚝𝚑𝚊𝚗𝚔𝚜 𝚝𝚘 Nelly_wa_Macha 𝚐𝚛𝚊𝚝𝚎𝚏𝚞𝚕 𝚖𝚊, 𝙸'𝚕𝚕 𝚔𝚎𝚎𝚙 𝚘𝚗 𝚝𝚎𝚜𝚝𝚒𝚏𝚢𝚒𝚗𝚐 𝚘𝚏 𝚢𝚘𝚞𝚛 𝚐𝚘𝚘𝚍𝚗𝚎𝚜𝚜
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: U.S. Says Russia Made Unusual Request for Chinese Aid on UkraineU.S. officials say Russia has asked China for military assistance for its war in Ukraine, an unusual request that suggests Vladimir Putin has faced more setbacks than he imagined in his invasion. Fake News 🤣🤣🤣 and here I thought the dailymaverick don't report fake news. They so far up the US ass that they comprise their own integrity.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: Foxconn Halts iPhone Shenzhen Site Due to Covid LockdownApple Inc. supplier Foxconn is halting operations at its Shenzhen sites, one of which produces iPhones, in response to a government-imposed lockdown on the tech hub city.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: China Tech Stocks See Wild Swings After Historic PlungeChinese tech stocks whipped around in volatile trade on Tuesday as investors weighed attractive valuations against a persistent regulatory overhang and concerns over Beijing’s ties with Russia.
Source: dailymaverick - 🏆 3. / 84 Read more »