Category: Economy
Ukraine Hits Oil Facilities In Attack Inside Russia
Ukrainian drones were used to hit multiple targets in a sweeping attack on Russia that reportedly ignited fires at two major oil facilities and saw armed groups cross into Russian territory. Russia’s Defense Ministry said nine of its regions were attacked by Ukrainian drones, while Ukrainian missiles were shot down over the Belgorod region early on March 12. The…
Barclays sells credit card debt to Blackstone: Profiting from Poverty
Barclays (BARC.L), opens new tab has agreed to sell about $1.1 billion of credit card debt in the United States to Blackstone. Banks globally have been making greater use of credit risk transfers to shed risk from loan portfolios, Reuters has reported, with investors sharing the risk of losses. (See Corporate home buyouts: homelessness, mortgage & rent crisis rising) Barclays’ investment…