On July 26, the Federal Open Market Committee (FOMC) announced its decision to raise the target range for the federal funds rate to 5.25% to 5.50%, reaching the highest level in twenty-two years. This rate hike comes after the Federal Reserve paused its rate increases in June and represents a …

The recent signing of the Digital Ruble Bill into law by President Vladimir Putin has reinforced Russia’s commitment to the widespread implementation of its central bank digital currency (CBDC). The bill proposing the legalisation of Russia’s CBDC received approval from both houses of the country’s Parliament, the State Duma and …

Russian officials said Tuesday that a Ukrainian drone hit the 21st floor of a high-rise building in Moscow but that the country’s air defenses shot down two other drones on the outskirts of the Russian capital. Moscow Mayor Sergei Sobyanin said on Telegram that the building hit was the same …