G-7 summit begins as leaders back deal to use interest from Russian assets for Ukraine aid
The Group of Seven (G7) countries began their annual summit on June 13, 2024. The diplomats said they had agreed in principle to a plan to provide Ukraine with a $50 billion loan using interest on Russian state assets. Pope Francis is scheduled to deliver a keynote address on artificial intelligence on the second day […]
Lindsey Graham ‘critical mineral assets’ Ukraine
Republican Senator Lindsey Graham of South Carolina said Ukraine has “critical mineral resources” worth trillions of dollars and could be “the best business partner we could dream of.” “If we support Ukraine now, they can become the best business partner we could ever have dreamed of. The $10-12 trillion in critical mineral resources will be […]
Alex Jones to liquidate assets to pay off $1.5B Sandy Hook judgment
Alex Jones plans to liquidate his assets to pay $1.5 billion in defamation damages from families of children killed in the Sandy Hook Elementary School shooting, who are suing him for saying the mass murder was a hoax. Jones, host of the popular website Infowars, has abandoned efforts to resolve a judgment related to his […]
Customers of Winklevoss-run crypto firm are poised to get their frozen assets back in 232% recovery – CNN
Joseph Nair/Bloomberg/Getty Images/File Tyler Winklevoss (left) and Cameron Winklevoss founded the cryptocurrency exchange Gemini in 2014. new york CNN — Cryptocurrency platform Gemini clients can expect to recover more than three times the value of their digital assets lost in the FTX collapse, a rare outcome for creditors caught up in a bankruptcy. Gemini, the […]
T-Mobile acquires nearly all assets of US Cellular at $4.4 billion
T-Mobile announced its acquisition of nearly all of U.S. Cellular’s assets, valued at nearly $4.4 billion. In a statement Tuesday, T-Mobile announced that it would be taking on U.S. Cellular’s wireless operations, wireless customers, stores, and some specified spectrum assets. The $4.4 billion would include both cash and $2 billion in U.S. Cellular debt. Mike […]
G7 Talks Plans to Use Frozen Russian Assets to Fund Ukraine War
FRANKFURT, Germany (AP) — Finance officials from the Group of Seven advanced democracies say they are close to an agreement on a U.S. proposal to squeeze more money for Ukraine from Russian assets frozen in their countries, but ministers left it to hammer out a final deal before their leaders meet in June. “Discussions are […]
Stealing Russia’s Assets to Pay for the War in Ukraine
It has been quite a while since we addressed the issue of the war to defend Ukraine’s borders. Making predictions can prove painful when you put them in print. But our assertion some time ago was that Ukraine would not likely prevail in a war against a larger adversary when the West will not widen […]
Inflation has majority of retirees worried they will outlive their assets
Retired nurse Joyce Fleming shares why she decided to return to work due to rising costs. As inflation increases and the value of the dollar continues to fall over the years, the majority of retired Americans worry that they won’t have enough savings to last them through their golden years. ing. A new survey of […]
Russia threatens retaliation if its assets are confiscated
Russian Foreign Ministry spokeswoman Maria Zakharova warned Western countries against seizing Russian assets in a statement on Sunday. In a Telegram post, Zakharova said she was in favor of keeping Russia’s frozen assets intact so that Germany could use them as leverage to urge Russia to cede some of the territory it invaded in Ukraine. […]
Russia has grounds to seize Western assets after US move, top lawmaker says
The U.S. House of Representatives passed a bill that would allow the transfer of seized Russian assets to Ukraine, prompting Russia to consider confiscation of Western assets. Russian lawmaker Vyacheslav Volodin warned that the move could provoke the EU to follow suit and harm the European economy. Only $5-6 billion of Russia’s assets are in […]