Explosions struck the building housing the security services of the breakaway Moldovan republic of Transnistria on Monday, days after Moscow said the Russian-backed region could be drawn into the war in Ukraine. Transnistria, which is controlled by pro-Russian separatists and hosts Russian troop bases and arms depots, borders western Ukraine. It is seen as a
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Good evening, A UK parliamentary report today hit out at “disproportionate” and “arbitrary” Covid-19 travel restrictions that had left air passengers confused and delivered a “severe financial shock” to the aviation sector. As our Big Read explains, the last two years have seen the global industry battling for survival against flight bans and strict restrictions
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European sanctions being imposed on individuals and companies believed to have ties to the Kremlin increases the danger that the internet could be split and siloed along political divides, according to the main internet registry for Europe, the Middle East and parts of Central Asia. RIPE NCC, a non-profit which hands out IP domain names
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Hello dear readers, I hope you all had a good Easter break. Last week’s State of Fintech report from CB Insights had some striking stats. The first quarter of the year saw an 18 per cent quarter-on-quarter drop in funding, the largest since 2018 (though it was still the fourth strongest quarter on record). At the
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Honk honk! Here comes the crypto clown car. Sam Bankman-Fried, chief executive and founder of Bahama-based crypto-exchange FTX, appeared on Bloomberg’s excellent Odd Lots podcast Monday, and was joined by the Borg’s Matt Levine alongside regular hosts Joe Weisenthal and Tracy Alloway. Bankman-Fried is widely regarded as one the smartest and most establishment-friendly fellows in
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Melvin Capital, the highest-profile hedge fund casualty from last year’s meme-stock rally, has rapidly backtracked on a controversial plan to start charging performance fees again in the face of an investor backlash. The US-based firm, which lost 53 per cent in January last year after betting against retail investor favourite GameStop, had written to investors
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Emmanuel Macron is set to be re-elected for a second term as French president after defeating his far-right rival Marine Le Pen in the second round of voting on Sunday, according to projections by polling agencies based on early returns. Victory for the liberal internationalist Macron, first elected in 2017, will mean continuity in economic
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