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Windfall Tax- Russia Looks To Cover Plunging Oil Revenue

Moscow is planning to go ahead with a one-time windfall tax on large companies as a stopgap step to keep a check on the dangerously falling oil and gas revenues that have left the oil-rich country with a deficit...

Interest Rate Slashed On Government Deposits By The ECB

As per the European Central Bank, it is going to cut the maximum rate it goes on to pay on the deposits that are held by the governments so as to give them an incentive to redeploy that cash...

Under REPowerEU Plan Italy Eyes To Be Energy Hub of Europe

Italy has plans to utilise the funds coming from the European Union under the REPowerEU scheme so as to completely disconnect itself from the Russian gas and thereby turn the country in the bloc’s energy hub, said Giorgia Meloni,...

Digital Pound Showcases Itself As A Prospect In Britain

As per what officials said on February 6, Britain is planning to push for a possible digital pound, which may come into use in the second half of the decade, and thereby help in the prevention of fragmentation of...

Recession In UK Much Shorter Than Expected- Bank of England

Although the UK is all set to enter recession in 2023, it is going to be much shorter and easier than previously thought, as per the Bank of England. As the price rises slow and the energy bills witness...

JPMorgan Chase plans to launch digital bank in Germany

JPMorgan Chase is looking to expand its offshore consumer banking business by launching a digital bank in Germany, reported Bloomberg, citing sources aware of the development. The German unit will be the Wall Street bank’s second retail outpost outside the...

Apiture Launches Data Direct to Provide Real-Time Access to Digital Banking Data

Apiture announced an addition to its Data Intelligence solution, Data Direct. The new offering provides banks and credit unions with real-time access to a robust library of data points generated between their institution and the Apiture Digital Banking Platform. Data...

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