The Federal Reserve Bank of New York has assembled a team of cybersecurity experts to protect the institution’s digital infrastructure in the face of concerns that a colossal hack could cause grave fiscal damage.
The US was forced to change its mind over cooperating with the China-led development bank after its allies refused to join a boycott, which is a sign that dollar hegemony is not lasting, Lew Rockwell, chairman of the Ludwig von Mises Institute told RT.
Austria is looking to join the China-led Asian Infrastructure Investment Bank (AIIB), Xinhua news agency reported, citing a top official. It is the latest European nation to invest in the bank, which is seen as the future rival of the US-based World Bank.
Germany’s largest bank, Deutsche Bank, is reportedly under investigation by New York State over its involvement in manipulating the Libor interest rate, in addition to a separate US Justice Department case.
The situation in Spain is deteriorating as the money it got from Europe went to bailing out banks which continue to foreclose homes, but not help ordinary people, anti-austerity activist Clara Valverde told RT.
The governor of Ukraine’s Dnepropetrovsk region, Igor Kolomoysky, claims he has helped secure the Kiev HQ of the national oil and gas extracting company “from raiders”. It comes days after he tried to regain control of an oil transportation company.
Despite negative noises from the US, Switzerland and Luxembourg have become the latest European nations to apply to join the Beijing-led Asian Infrastructure Investment Bank (AIIB), the Chinese Finance Ministry announced.
Following the replacement of the archaic practice of gold fixing with a more transparent system, skeptics who were put off entering the gold market are now changing their minds, John Butler, CIO at Amphora Capital told RT.
Australia has signaled its intention to become a member of the China-led Asian Infrastructure Investment Bank (AIIB) after the UK and EU major members’ decision to join. However, Japan is hesitating over its position.