Month: November 2023
SoftServe opens headquarters in Romania
Among the largest technology companies in Eastern Europe, Ukrainian provider of software and consulting services SoftServe inaugurated the first headquarters in Romania, in Bucharest, and will conclude 2023 with an increase of over 200% in the number of employees locally. Additionally, SoftServe Romania has decided to make workspaces available to employees in Cluj in a
Renewe attacks on Avdiivka
Russian forces are again attacking the eastern Ukrainian town of Avdiivka in Donetsk. Attacks are focusing on the war-torn town’s industrial center. Meanwhile, Russia said 16 Ukrainian drones were shot down over the occupied Crimean peninsula as well as the Volgograd region of Russia. Ukraine’s deputy prime minister warned Friday that European countries are displaying
Broadcom to buy VMware
VMware – also an American company with headquarters in Palo Alto, California develops virtualisation software which allows a user to run a virtual computer on a physical computer to increase the efficiency of the computer system. Computer chipmaker Broadcom has completed its $69bn (£55bn) acquisition of cloud computing firm VMware, wrapping up one of the
Germany to suspend a debt brake
A decision to suspend a so-called debt brake will allow the government to significantly increase new borrowing this year. German Finance Minister Christian Lindner plans to present a supplementary budget next week for the current year that lifts borrowing limits after the top court wiped €60 billion from existing spending plans. Lindner’s decision follows a
Failing Russian oil cap
In the months following the Russian invasion of Ukraine, the U.S. Treasury Department came up with an idea to limit Moscow’s ability to fund its war of aggression against Ukraine by capping Russian oil sales at $60 dollars a barrel. Western efforts to cap the price of Russian oil at $60 dollars a barrel are
Rebounding Japanese economy
The world’s third-largest economy is awakening from its decades-long torpor. After years of deflation or low inflation, Japan is seeing its fastest price growth in more than 30 years. Wages, long stagnant, are rising faster than at any time since the 1990s. Both increases are driven largely by global supply shocks. But they are not
Binance: The fight to control cryptocurrencies
On November 21st Changpeng Zhao, boss of Binance, resigned after pleading guilty to criminal money-laundering charges. He becomes the third founder of a major crypto exchange to be convicted of crimes. In May 2022 Arthur Hayes, who set up Bitmex, was sentenced to six months under house arrest for violating anti-money-laundering laws. And on November
The control of Gaza by Israel Defense forces
Western support for Israel’s campaign is wavering. On November 10th France’s president, Emmanuel Macron, called for a ceasefire in Gaza, saying that, although he supported Israel’s right to respond to Hamas’s terror attack on October 7th, “de facto, there’s babies, there’s ladies, there’s old people bombed and killed. Two weeks after the launch of its
Israel Settlers in West-bank destabilizing the area
Last year was already the deadliest for Palestinians in the West Bank for 20 years. Settler groups have become bolder and the army has intensified its raids on Palestinian towns and cities. But since October 7th things have dramatically worsened. At the current rate, the four weeks following the Hamas attack will have been more
Israel strikes a hostage deal Hamas
The prisoner swap could begin as early as November 23rd. It will take place in phases over four days, with Hamas releasing around a dozen captives each night. They will be sent from Gaza to Egypt, and then back to Israel. For each hostage freed, Israel will release three Palestinian prisoners (also women and children)