Economy

The United States has imposed additional economic sanctions on Nicaragua in a fresh move against dictator Ortega

The United States has imposed additional economic sanctions on Nicaragua in a fresh move against dictator Ortega

AFP NOS news•Today, 03:13 The Biden administration has been pressing President Daniel Ortega’s authoritarian regime in Nicaragua. The new sanctions target the Central American country’s lucrative mining sector. Biden’s executive order includes the authority to ban U.S. companies from doing business in Nicaragua’s gold mining operations. The US Treasury Department is imposing sanctions on the country’s mining authority and the …

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Biden urges US oil companies to produce more oil

Biden urges US oil companies to produce more oil

Photo: ANP US oil companies must increase production and lower gas prices for consumers. To that end, US President Joe Biden has called for a fresh release of strategic oil reserves in an effort to lower fuel prices. That’s 15 million barrels. Like Europe, the US is struggling with a sharp rise in inflation. This puts a brake on the …

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US sends 2 million euros in humanitarian aid to Cuba after Hurricane Ian, exceptional cooperation after 60 years of ties

US sends 2 million euros in humanitarian aid to Cuba after Hurricane Ian, exceptional cooperation after 60 years of ties

This is not the first time that the United States has provided aid to Cuba after a hurricane, but this is highly exceptional. The two countries have been at odds since the Cuban Revolution in the late 1950s, particularly over Cuba’s rapprochement with the then Soviet Union in the following years. The then US President John F. Kennedy introduced a …

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Crypto in the Netherlands: $100 Billion Transaction Volume in One Year – BLOX

Crypto in the Netherlands: $100 Billion Transaction Volume in One Year - BLOX

Chainalysis, a research firm that analyzes activity in the crypto world, has released a new report. This shows that the trade in our country is more than 100 billion dollars in a year. The Netherlands remains in the top 4 of Central, Northern and Western Europe (CNWE), albeit with a slight decrease compared to the previous year. 4th largest crypto …

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Visa, Mastercard profits are expected to be higher due to travel recovery

FILE PHOTO: Illustration photo of a Mastercard logo on a credit card

Analysts said Visa Inc, MasterCard and American Express could see an increase in cross-border volume as more companies resume business travel and people plan vacations. “So far, despite the macro, you’re seeing relatively stable consumers,” said Wedbush Securities analyst Moshe Khadri, adding that monthly data from Visa and MasterCard showed that payments or cross-border volumes were not affected. “Basically, the …

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Research at KU Leuven suggests that politically connected companies received more funding during the Great Recession

Research at KU Leuven suggests that politically connected companies received more funding during the Great Recession

Historically, little academic research has been done on direct financial assistance to firms during financial crises. For example, the financial crisis of 2008-2009 mainly supported banks. The Covid period is characterized by government support for companies, but there is still too little data to analyze the period. To study this phenomenon on a larger scale, the researchers went back to …

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