Russia is closely monitoring the U.S. economy amid discussions of the U.S. government defaulting on its debt obligations. Treasury Secretary Janet Yellen said the Treasury will be unable to pay the government’s bills if Congress does not act by June 1.
Russia Monitoring US Economy in Case of Debt Default
Russia is closely monitoring the state of the U.S. economy as discussions of possible debt default intensify, Kremlin Spokesman D...
Coinbase, the San Francisco-based cryptocurrency exchange, recently announced the launch of a new service called Coinbase International Exchange. The new platform will enable institutional users outside of the United States to trade bitcoin and ethereum perpetual futures. The company stated in a tweet that the service will begin by offering perpetual futures settled in USDC with up to 5x leverage to institutional clients in eligibl...
The governments of India and Russia are considering integrating part of their payment systems, in order to counter the possible future effect of US sanctions on the capital flows of each country. The deal would include the integration of India’s Rupay card system and its Russian counterpart, Mir Cards, to allow seamless payments between the two countries.
Russia and India Consider Integration of Payment Stacks
Russia and India are ...
Russia’s president, Vladimir Putin, says the trend toward multipolarity is inevitable and will only intensify. “Those who do not understand this and do not follow this trend will lose,” the Russian president warned.
Putin on Multipolarity Trend Escalating
Russian President Vladimir Putin talked about a global trend towards multipolarity at a recent meeting of the Council for Local Self-Government Development. Putin said:
This trend — the t...
International Business Machines Corp. (IBM) is expecting to put a “pause” on hiring for "back-office" roles that could be potentially automated by artificial intelligence (AI) instead.IBM CEO Arvind Krishna explained in a May 1 interview with Bloomberg that many “back-office” positions such as those in the human resources and accounting departments will likely be the first to be automated by AI.The IBM boss added he could "easily" see 30% of thes...
