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UBS Close to $100M Mozambique Debt Settlement
UBS Group is nearing a deal with Mozambique to forgive about $100 million in debt. The Mozambican attorney general could announce this agreement next week. This move would help UBS avoid a lengthy trial in London. UBS inherited this legal issue by buying Credit Suisse. Previously, Credit Suisse arranged $2 billion in loans for Mozambique’s […]
Venezuela’s Military Buildup Near the Esequibo Region
Nicolás Maduro, facing internal challenges, has increased Venezuela’s military presence near the disputed Esequibo region. Since February 9, the Venezuelan military has deployed substantial personnel and equipment to this area. The Center for Strategic & International Studies (CSIS) documented these developments, incorporating satellite photos as evidence in their report. Despite tensions and a case at […]
The New Cold War: China and Russia Against the West
(Analysis) The relationship between China and Russia has evolved, highlighting the complexities of global power dynamics. This shift has heightened tensions with the U.S.-led Western alliance, marking a significant change that influences international policies and stability. During an important state visit to China, Russian President Vladimir Putin held in-depth talks with Chinese President Xi Jinping. […]