Exclusive: A senior US Treasury official warns the UAE and Turkey against evading sanctions

WASHINGTON (Reuters) – The U.S. Treasury Division’s prime sanctions official, throughout a visit to Turkey and the Center East subsequent week, will warn nations and firms that they might lose entry to G7 markets in the event that they do enterprise with entities topic to U.S. restrictions. Washington is cracking down on Russian makes an … Read more

Davos 2023: Greta Thunberg accuses energy companies of throwing people ‘under the bus’

DAVOS, Switzerland (Reuters) – Greta Thunberg known as on the worldwide power trade and its financiers to finish all fossil gas investments on Thursday at a high-level assembly in Davos with the top of the Worldwide Power Company. Throughout a roundtable dialogue with Fatih Birol on the sidelines of the World Financial Discussion board’s annual … Read more

Davos 2023: Global recession in 2023 seen as likely in World Economic Forum survey

DAVOS, Switzerland (Reuters) – Two-thirds of main private and non-private economists surveyed by the World Financial Discussion board anticipate a world recession in 2023, the organizer of the Davos Discussion board stated on Monday, as enterprise and authorities leaders gathered. its annual assembly. About 18% thought-about a world recession “extremely seemingly” — greater than double … Read more

Analysis: Investors brace for US debt ceiling battle after House Speaker saga

NEW YORK (Reuters) – The turbulent begin to the brand new U.S. Congress has some buyers fearful about what might be a drawn-out battle over elevating the U.S. debt ceiling later this 12 months. The US Treasury is anticipated to achieve the $31.4 trillion borrowing restrict in 2023, and Republicans see this as a chance … Read more

US banks are preparing to cut profits and recession

NEW YORK (Reuters) – U.S. banking giants are anticipated to report decrease fourth-quarter earnings this week as lenders hoard cash for wet days in preparation for an financial slowdown that may damage funding banking. 4 US banking giants – JPMorgan Chase & Co (JPM.N)Financial institution of America Corp (BAC.N)Citigroup Inc (CN) and Wells Fargo & … Read more