Holistic Gaming, NFT and Metaverse Ecosystem GamesPad

ROAD TOWN, British Virgin Islands, Jan. 25, 2023 (GLOBE NEWSWIRE) — The innovative gaming, NFT and metaverse ecosystem GamesPad recently acquired Mompozt, one of the leading video production studios specializing in high-quality animation and cinematic production. Mompozt has become the video production arm of a GamesPad and part of the holistic ecosystem that houses a … Read more

Turkey’s skyrocketing inflation threatens more losses for Gulf banks

General view of Emirates NBD Bank on January 3, 2017 in Dubai, United Arab Emirates. Tom Dulat | Getty Images DUBAI, United Arab Emirates — Banks with exposure to Turkey have suffered losses since the country’s currency began to depreciate sharply in 2018; now lenders in several oil-rich Gulf states will be hit in the … Read more

Natural gas rises enormously due to cutbacks in Russian supplies The West is holding out.

Russia has cut natural gas exports to the European Union to 20% of last year’s level. Krisztian Bocsi/Bloomberg Font size Temporarily thwarted on Ukraine’s battlefield, Vladimir Putin is escalating his energy war against Kiev’s European backers. Russia has cut natural gas exports to the European Union to 20% from last year’s levels, citing pipeline maintenance … Read more

Emerging markets rush to join BRICS alliance as high energy prices continue

As emerging markets recover from the Covid-19 pandemic and face financial headwinds from US interest rate hikes, the BRICS group – Brazil, Russia, India, China and South Africa – is looking to expand its membership to meet shared challenges . At the 14th BRICS summit in July, China, Russia and India discussed the possible accession … Read more

How Sri Lanka’s economic collapse is raising alarm bells for other emerging markets

In the 2010s, Sri Lanka had one of the fastest growing economies in Asia. Things took a 180-degree turn at the end of the decade as the country’s economy faltered. In May 2022, the government defaulted on its debts for the first time in history. As inflation continued to spiral out of control, with a … Read more

Sri Lanka protesters storm president’s house amid economic collapse

Protesters gather in the grounds of the Sri Lankan Presidential Palace in Colombo on July 9, 2022. – Sri Lanka’s beleaguered President Gotabaya Rajapaksa fled his official residence in Colombo, a top defense source told AFP, before protesters gathered to demand his resignation stormed the grounds. AFP via Getty Images Thousands of protesters in Sri … Read more

Global economy: growing list of developing countries vulnerable to default due to rising inflation

New economic data paints a grim picture of the state of the world, with a top economist warning some countries: debt crises are “almost already here”. The number of emerging markets in the world where investors believe that default is a real possibility or is already in default has more than doubled in the past … Read more