Author: Will Smith

The London Stock Exchange (LSE) stopped trading in its last Russian stocks on Friday, and some insurance providers surrendered coverage from exporters due to Russia’s war on Ukraine. Banks, investors, and insurers have increased the pressure on Russia in recent days by withdrawing their investments and suspending service provision. After blocking trading in 28 organizations…

On Friday, Asian stock markets and the euro fell sharply, while oil prices rose as investors were alarmed by disclosures of a nuclear power plant catching fire amid fierce fighting between Ukrainian and Russian troops. Markets across the region were battered by risk-off sentiment, with U.S. stock futures also falling sharply, implying more suffering for…

According to the FCA, more than about 300 unregistered crypto firms have been found in the last six months, “many of which may be scams.” As per the statements of the United Kingdom’s FCA, or Financial Conduct Authority, they are having about 50 investigations that are currently active, these investigations can also be helpful in…

As a consequence of Moscow’s battle with Ukraine, Exxon Mobil (XOM.N) has committed to exit Russia with its oil and gas operations, which are worth more than $4 billion, and to stop new investment. Exxon will no longer handle massive oil and gas manufacturing services on Sakhalin Island, jeopardising the island’s suggested multibillion-dollar LNG infrastructure.…

BP is abandoning its investment in Russian oil producer Rosneft, representing the most substantial step yet by a Western business in response to Moscow’s invasion of Ukraine. The 19.75 percent investment in Rosneft accounts for over half of BP’s oil and gas reserves and a third of its productivity, and removing it will result in…