Europeans to See More Interest Rate Hikes, Central Bank Governors Indicate
Further rate hikes are warranted by persisting inflation in the eurozone, according to members of its monetary authority’s decision-making body. Two central bank governors, with different opinions about how aggressive the European Central Bank should be, nevertheless agree that more increases of key interest rates are yet to come. ECB Has Some Hikes Left to Make, Bank of France Chief Admits Although the European Central Bank (ECB) has...
Former Deutsche Bank Investment Banker Charged With Crypto Fraud in US
An investment banker formerly employed by Deutsche Bank has been charged with perpetrating a crypto-related fraud. The man from Brooklyn has been accused of misappropriating funds from victims whom he promised large returns on cryptocurrency investments in a Ponzi-like scheme. Ex-Deutsche Bank Investment Banker Arrested and Charged for Defrauding Crypto Investors Rashawn Russell, a 27-year-old investment banker and registered broker...
Peter Schiff Says Banking Crisis Not Over, Much Worse Financial Crisis Incoming — Warns of ‘Massive’ Recession
Economist Peter Schiff has cautioned that the present banking crisis is the cusp of a much worse financial crisis. “It’s going to get much much worse if you are going to try to dismiss it,” he stressed. Citing the Federal Reserve’s recession forecast, he warned: “Normally the Fed doesn’t forecast a recession. So if they can actually see this one coming, it likely means it will be massive.” Peter Schiff on Banking Crisis, Financial...
Korean Piracy Giant Noonoo TV Shuts Down Citing Banwidth Costs & Pressure
Smash hit movies and TV shows such as Parasite and Squid Game, coupled with the unprecedented success of boy band BTS, have helped to cement South Korea as a major player on the global entertainment map. Success for Korean entertainment companies carries the same pros and cons as it does for those in the West. More exposure, more sales, greater opportunities and, somewhat inevitably, more piracy. That led to an announcement last month...
Copyright Claims Board Dismisses ‘Piracy’ Case Against Cloudflare
Last summer, the US Copyright Claims Board (CCB) officially launched. Through this Copyright Office-hosted venue, rightsholders can try to recoup alleged damages outside the federal court system. The CCB aims to make it cheaper for creators to resolve disputes. There’s no attorney required and the filing fee is limited to $100 per claim. Accused parties also benefit as the potential damages are capped at $30,000. Those who prefer...
