Russia's ruble has been on a wild ride, hitting a low not seen since the start of the Ukraine war. The central bank had to step in to shore up the currency, which slid to 114 against the dollar. This sharp fall has experts worried about the country's economic health. They see signs of a full-blown c
Lawmakers in the US are raising concerns about Hong Kong becoming a hub for financial crimes like money laundering. They think this change started happening after Beijing introduced a new law in 2020. Now, Hong Kong might be helping countries like Russia, Iran, and North Korea avoid international ru
After Russia's invasion of Ukraine, many countries like the USA, UK, and EU imposed sanctions on wealthy individuals close to Putin. But these rich folks, known as oligarchs, seem to dodge these punishments like pros. How? It's all about the secretive experts who help them hide their money offshore.
Iran's in a tricky situation. With the possibility of Donald Trump coming back to power, no one knows what's next. Some folks worry he might cause trouble, while others hope he'll go the peaceful route, like he did with North Korea. The U. S. and Iran have had a rocky relationship since 1979, but Tr
You might have heard about the ongoing feud between Huawei and the US government. It's been a big deal in the tech world, with Huawei facing sanctions that make it tough for them to get the latest chips. But Huawei isn't letting that stop them. They're on a mission to expand their chip manufacturing
Imagine the night sky over Ukraine, filled with drones and missiles sent by Russia. That's what happened recently, with nearly 100 drones and one guided missile making their way into Ukrainian territory. But Ukraine's Air Force was ready, shooting down 66 of those drones and the missile. Some drones
Technology is a fast-moving field, and this past week saw some major players making headlines. Amazon's cloud business, Amazon Web Services (AWS), raked in impressive profits, growing by 50% year-over-year with an operating income of $10. 4 billion. AWS is a significant part of Amazon's business, ac
US-based drone maker Skydio has found itself in a tricky situation. Last month, China decided to sanction the company. Why? Because Skydio sold its drones to Taiwan’s national fire service. This news came from Skydio’s CEO, Adam Bry, in a blog post. Before the sanctions, Skydio mostly got its batte
Imagine a whodunit story where someone is trying to destabilize Ukraine's democracy. The British government has just dropped a bombshell revealing the culprits. On Monday, Britain announced fresh sanctions against several high-profile Russians and their PR agencies. These agencies, namely the Social
Vladimir Putin has come clean about the economic struggles Russia is facing. The Russian president admitted that sanctions and worker shortages are causing problems in the economy. This comes after Russia's Central Bank raised interest rates to a whopping 21%. That's even higher than the emergency r
