The United States has decided to renew sanctions against Venezuela’s oil sector over authoritarian ruler Nicolás Maduro’s restrictions on the opposition’s ability to run in presidential elections. World news agencies reported this today, citing a senior US government official. Washington is tightening sanctions six months after it eased some of the restrictions following Maduro’s agreement with the opposition. Company PDVSA U.S. companies and investors will again be banned from doing business or cooperating in any way with Venezuela’s state oil company PDVSA. According to the official, they wi ..read more

Shares of Trump Media & Technology Group (TMTG), which includes the Truth Social social network and in which former US President Donald Trump has a majority, debuted on the New York Stock Exchange with a strong rise. They gained as much as 45 percent on the Nasdaq market shortly after the opening bell, stock exchange records showed. TMTG entered the stock market through a merger with publicly traded firm Digital World Acquisition. Market Performance and Trump’s Stake TMTG’s share price rose above $72, bringing the firm’s market capitalisation to $9.84 billion, Reuters reported. Later, the ..read more

Strikes have caused Lufthansa to lose €250 million this year, the group’s chief financial officer Remco Steenbergen estimates. Reuters reported today. Strikes meant losses of customers as well “Due to numerous strikes – especially at Lufthansa airlines – we not only lost capacity for our customers in the first quarter, but also a triple-digit amount in millions of euros,” Steenbergen said in a statement to employees. In addition to direct losses of 100 million euros, there were also losses in passenger bookings and air travel orders as customers shunned the airline due to uncertainty over the ..read more

Inflation in Russia has already peaked, but its decline is not yet sufficient for the Russian central bank to start cutting interest rates. Reuters reports that Russian Central Bank Governor Elvira Nabiullina said this today in a speech to members of the State Duma, Russia’s lower house of parliament. Fighting inflation The central bank raised its key interest rate by a total of 8.5 percentage points in the second half of last year to fight inflation. According to a Reuters poll, analysts expect the bank to leave interest rates unchanged at 16 percent this month, as it did at the previous ..read more

Alphabet is one of the most influential companies in communication sector. But this is not the only reason why we have included this stock into our Global top 5 social media list. With its unprecedented reach of customers as a global leader in web search engine and owning second largest social medium – Youtube, it must be in search bar of all web and technology-oriented investors. In this analysis, we aim to examine this stock more deeply. What does Alphabet do? First of all, Alphabet is a holding company, meaning it mainly just owns company Google that we are all familiar with. However, the c ..read more

Sam Bankman-Fried, the founder of the failed cryptocurrency exchange FTX, will hear his sentence in a multibillion-dollar embezzlement case in a Manhattan court today. At most, he could spend the next 50 years behind bars. A jury already found Bankman-Fried guilty last November of embezzlement in what authorities have called one of the biggest frauds in American history. At this point, according to media reports, it is clear that Bankman-Fried, who is appealing the verdict, will go to prison. However, Judge Lewis Kaplan will decide for how long. Avoiding responsibility The prosecution is propo ..read more

Tradersratings.com, an independent website comparing brokers, is thrilled to announce the launch of its Best Customer Service Contest 2024. This exciting competition is set to recognize and celebrate the exemplary dedication of brokers to delivering exceptional client care in the ever-evolving world of online trading. Open to investors of all levels, the contest provides an opportunity for participants to cast their votes for the brokerage firms that excel in key areas such as clear communication, efficient problem-solving, and a steadfast dedication to their clients’ financial success. One of ..read more

French airport operator ADP does not expect Chinese air traffic to return to pre-Covid-19 levels this year, citing subdued demand and slow economic growth in the world’s second-largest economy. Reuters reported today. ADP expects a full recovery in China’s air traffic in 2026 at the earliest. Managing expectations Industry hopes that travel demand would drive a long-haul recovery in China have cooled in the wake of China’s property market crisis and slowing economic growth. “We do not expect a full recovery this year either, especially given the limited demand,” ADP CEO Augustin de Romanet sai ..read more

Yunikon Fx is a forex broker that was founded in 2020. The company is registered in the British Virgin Islands but does not appear to be regulated by any financial authority. This is a major red flag, as regulation is essential for protecting traders’ funds and ensuring fair trading practices. Yunikon Fx Review – Table of content Security of Funds Trading Platforms MetaTrader 4 for PC MetaTrader 4 Mobile Accounts Cost Client Support Yunikon Fx Regulation Pros Cons Conclusion Our rating Security of Funds  Due to the lack of regulation, limited transparency, and numerous unanswered ques ..read more

Britain’s gross domestic product (GDP) fell by 0.3 per cent in the fourth quarter, following a 0.1 per cent decline in the previous three months. The UK Statistics Authority said in a preliminary report today. The British economy is thus in recession, which is usually defined as two consecutive quarters of economic contraction. British economy faces challenges amid predicted GDP decline Economists in a Reuters poll on average estimated that GDP would fall by 0.1 percent. The manufacturing, construction and wholesale trade sectors were the biggest contributors to the decline in GDP in the final ..read more