Ukraine’s first grain ship sails after Russia eases Black Sea blockade
A grain shipment has left the port of Odesa for the first time in months, in a crucial test of a deal between Russia and Ukraine aimed at easing rising global food prices. The Sierra Leone-flagged Razoni, carrying 26,000 tons of Ukrainian corn, left the Black Sea port at 9:48 a.m. local time, the infrastructure ministry said, following weeks of negotiations brokered by Turkey and the UN. Turkey’s defense ministry, which led the negotiations that produced last month’s grain deal, said the Razoni would take its cargo to the port of Tripoli in Lebanon. It is the first such ship…
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Poland’s mortgage holiday for households threatens bank profits
As inflation rises and recession looms in Poland, a break in mortgage payments will be a much-needed reprieve for Jakub Rdzanek and his wife. The couple have seen their monthly home loan bills rise by more than 70 per cent since the start of the year as the country’s central bank raised interest rates to combat rising prices. “Our mortgage has become scary all of a sudden,” said Rdzanek, who bought his flat in Warsaw last August. The Rdzaneks are not the only household breathing a sigh of relief after the Polish government put a moratorium on mortgage repayments last…
Read More »UK lawmakers open inquiry into crypto risks
UK lawmakers have launched an inquiry into the risks and opportunities cryptoassets pose to businesses and consumers. The July 13 request for evidence from companies, crypto industry players, regulators and consumers comes amid a slump in prices, a so-called “crypto winter,” that has seen the largest cryptocurrency, bitcoin, has lost 70% of its value since November. Market volatility has also seen cryptocurrency broker Voyager Digital file for bankruptcy, while companies such as Vauld suspended withdrawals and Coinbase and others cut staff. The wide-ranging inquiry by MPs on the Treasury Committee will examine questions about the potential of cryptocurrencies to replace…
Read More »Deutsche Bank broke its own rules to allow tax fraud, internal investigation finds
Deutsche Bank staff broke regulatory rules and company policy to allow clients to siphon off millions of euros in government revenue, according to an internal investigation into their role in one of Europe’s biggest tax scandals. More than 70 current and former employees are being investigated by Cologne prosecutors over the scandal, highlighting the German bank’s exposure to the multibillion-dollar “cum-ex” tax fraud scheme that is under extensive investigation by the police authorities. Prosecutors in Cologne are investigating 1,500 people as part of a wider investigation into the scheme, which misappropriated government revenue in a long-running fraud involving leading banks…
Read More »Alibaba seeks to work with US regulators over audit issues
Alibaba has faced growth challenges amid tightening regulation of China’s domestic technology sector and a slowdown in the world’s second-largest economy. But analysts think the e-commerce giant’s growth could pick up in the rest of 2022. Kuang Da | Jiemian News | VCG | Getty Images Chinese e-commerce giant Alibaba said it will comply with US regulators and work to maintain its listings in New York and Hong Kong. “Alibaba will continue to monitor market developments, comply with applicable laws and regulations, and strive to maintain its listing status on both the NYSE and the Hong Kong Stock Exchange,” it…
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STOCK EXCHANGE LIVE: Nifty, Sensex, Q1 Results, BSE, NSE, Zomato, ITC, RBI Policy
Live Stock Market Updates: Indian markets were firmly in the green on Monday amid a strong earnings season. The Nifty50 gained 135 points to 17,295 levels, while the S&P BSE Sensex rose 400 points to 57,986. The broader markets were also exuberant in trade as Nifty Midcap 100 and Nifty Smallcap 100 rose over 1% each. Sectorally, Nifty Auto and Nifty Media grabbed the limelight as they rose as much as 2.5 percent in trade. Market strategy It has been a good run for the markets since the last few days with the S&P BSE Sensex and the Nifty50 rising…
Read More »ITR AY 2022-23 Filing Live: No Last Date Extension, Over 5.8 Million ITRs Filed Till 31st July
Filing of Income Tax Return AY 2022-23 Last Date Live Updates on 31st July: More than 5.8 crore ITRs were filed till July 31 for FY 2021-22. The due date for filing ITR for the fiscal year 2021-22 (AY 2022-23) was July 31. Taxpayers who did not submit their returns before the due date will have to pay a penalty starting today. There is a penalty of up to Rs 5,000 for late filing of ITR, which can be done till December 31, 2022. July 31, 2022 was the last date to file ITR for AY 2022-23 for salaried employees…
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