The Chess Federation of Russia (CFR) has announced the suspension of Dagestani chess player Amina Abakarova from all competitions following allegations that she spilled mercury near her opponent’s board during a tournament in Makhachkala. In a statemen…
Poland’s Bank Pekao posts 16% y/y decline in net profit, well below expectations
By Wojciech Kosc in Warsaw Warsaw-listed Bank Pekao, Poland’s second-biggest lender by assets, posted a net profit of PLN1.4bn (€328.3mn) in the second quarter, marking a 16% decline year-on-year and a 6% drop quarter-on-quarter. The net result came in…
ING: LNG flows to Europe remain under pressure
By Warren Patterson head of commodities strategy at ING European and Asian gas prices have remained well supported over the last month. Stronger Asian demand, supply disruptions and geopolitical risks in the Middle East have all provided support. Howev…
Chinese wind and solar power overtakes coal as the biggest contributor to its energy mix
By Ben Aris in Berlin China continues to consolidate its position as global green energy champion after wind and solar power overtook coal as the biggest contributor to its energy mix, as of June this year, according to data from the country’s National…
La hausse du prix de l’or n’est pas encore terminée, selon la banque ING
Le prix de l’or a bien performé cette année, surpassant d’autres actifs comme les actions, et la hausse pourrait se poursuivre, selon les analystes d’ING. Il a augmenté de plus de 17% tandis que le S&P 500 et le Dow Jones ont progressé de 12% et 4%. Da…
Sberbank improved its forecast for Russian GDP growth this year to bullish 3.8% from 2.8%
Russia’s state-owned retail banking giant Sberbank has improved its forecast for Russian GDP growth this year to a bullish 3.8%, up from the previous 2.8%, according to the bank’s financial statements released on August 8. Sberbank’s forecast is one of…
Philippines to lift moratorium on digital banking licences starting January 2025
By Juthatip Kumarn – bno – Taipei Office The Bangko Sentral ng Pilipinas (BSP) announced on August 8 that it will lift the moratorium on new digital banking licences beginning January 1, 2025. This decision, made by the BSP’s Monetary Board, will permi…
Transfer: Man United shortlist four midfielders to sign this summer
Manchester United have made a shortlist for their midfield this summer, according to Sky Sports. Erik ten Hag’s side wants to bring in more quality midfielders as legendary Casemiro was not at his usual best last season. The Brazilian is likely to be o…
Trump-themed token RTR dumps 95% after son denies link to token
A Donald Trump-themed cryptocurrency called Restore the Republic (RTR) fell a whopping 95% from its peak after it was revealed it has no connection with the Trump family. The price of RTR initially rocketed to $0.1490 after a now-deleted post from Stud…
What Martin Zubimendi is starting to think about Liverpool as he ponders whether or not to join
Liverpool are locked in a nervous wait to see whether they are about to make their first signing of the summer. The Reds have taken a considered approach to this year’s window, preferring to sit back and take their time over doing business. There are p…