Yellow goes bankrupt due to debt
As we reported earlier, Yellow Corp. now officially filed for bankruptcy and will remain shuttered throwing 30,000 people out of work. “It is with profound disappointment that Yellow announces that…
PayPal launches PYUSD stablecoin
PayPal launched a new stablecoin called PayPal USD (PYUSD) on August 7. The US dollar-linked Stablecoin will be issued by Paxos Trust Co. and will be fully backed by dollar…
Saudi Arabia’s oil to get more expensive
Saudi Arabia raised almost all oil prices for Asia and Europe for September as supply constraints and rising demand tighten the crude market. State-owned Saudi Aramco raised the price of…
Ukraine is down to negotiation?
Ukraine reportedly agrees to peace talks with Russia without the mandatory requirement of withdrawal troops from the territory that Kiev considers its own. The Wall Street Journal quoted insiders as…
The “Coup belt” of Africa
With recent events in Niger and in Sudan, it is time to talk a little about the region that has got quite a peculiar name: the “Coup belt.” This region,…