Category: Worldwide

Hong Kong announces $21 billion budget to support economy as city battles new Covid wave – CNBC

Hong Kong announces $21 billion budget to support economy as city battles new Covid wave  CNBC Hong Kong Expands Stimulus as Covid Curbs Hit Growth  Bloomberg Markets and Finance Hong Kong budget offers COVID relief with tax breaks, handouts  Reuters Hong Kong budget: City is “unique and irreplaceable” to China’s development, says finance chief  Hong Kong Free Press Hong […]

Explainer: How Western sanctions will target Russia

Russia’s large banks are deeply integrated into the global financial system, meaning sanctions could be felt far beyond its borders. Data from the Bank for International Settlements (BIS) shows that European lenders hold the lion’s share of the nearly $30 billion in foreign banks’ exposure to Russia. Source: Explainer: How Western sanctions will target Russia […]