• Indonesia will open dual citizenship to attract qualified workers

    Indonesia may offer dual citizenship to those of Indonesian heritage to attract more qualified workers. However, Indonesia does not recognize dual citizenship for adults. Coordinating Minister for Maritime Affairs and Investment Luhut Pandjaitan stated that the government intends to provide dual citizenship to former Indonesian nationals residing abroad. The decision to permit dual citizenship has…

  • Shell raise 15% profits in US

    A Texas state court has heard testimony from a former head of Shell’s U.S. crude trading division, revealing that the company’s annual revenue typically ranges between $950 million and $1 billion. This represents between 13% and 15% of Shell’s total pre-tax profits in the United States. In 2022, Shell made a pre-tax profit of over…

  • Inflation has made Treasury reach ATH at 5%

    Investors are expecting the 10-year U.S. Treasury yield to break above the 16-year high of 5% reached in October due to concerns about U.S. inflation. Bond yields have increased recently due to ongoing inflation, dampening expectations on the Federal Reserve’s ability to reduce interest rates without exacerbating consumer costs. The yield on the benchmark 10-year…

  • Putin will visit China on his 1st trip as elected president

    Russian President Vladimir Putin plans to visit China in May, marking his first foreign tour since a March election. The visit follows a collaboration deal with Chinese President Xi Jinping in February 2022, highlighting the importance of diplomatic and trade relations.

  • Changpeng Zhao Ex CEO of Binance got 3 years in prison

    Changpeng Zhao, founder and former CEO of Binance, is wanted by US authorities to spend three years in prison after pleading guilty to money laundering laws. Prosecutors argue that sending Zhao to prison for twice as long as the maximum 18 months suggested by federal guidelines would fairly punish him for his offenses and convey…

  • Banks has stricted its loans and credit cards due to financial condition

    U.S. borrowers with lower incomes are struggling to make loan payments, leading banks to become more cautious when granting credit cards and auto loans. An increasing proportion of Americans have seen their savings shrink as rising costs put pressure on their budgets and interest rates remain high. People making less than $45,000 annually saw a…

  • Bank Of Japan will maintain inflation around 2%

    The Bank of Japan (BOJ) is expected to predict inflation will remain around its 2% target for the next three years, indicating it is prepared to hike interest rates from near-zero levels this year. Governor Kazuo Ueda will emphasize the BOJ’s cautious approach and use data-dependent decision-making when determining the next rate hike. The BOJ…

  • AI and ML have high risk on banking system and regulatory

    Banks must consider the risks of using artificial intelligence and machine learning (AI) in their daily governance, according to Pablo Hernandez de Cos, the Bank of Spain’s governor and chair of the Basel Committee on Banking Supervision. He warned that unchecked AI and ML use could amplify future banking crises and called for cooperation between…