Micro News

Micro News

One of the principal beneficiaries of an unexplained wealth order (UWO) is appealing the decision in court. The unidentified lady is the spouse of a previous chief of an overseas state-claimed bank, who is serving a prison sentence abroad for misappropriation and embezzlement. The UK National Crime…


Cyprus: AstroBank Acquires USB Bank

AstroBank has recently stated that it has signed an agreement to receive the operations of USB Bank, including its staff but excluding certain unspecified assets for an unspecified consideration. The proposed agreement which will allow AstroBank to maximize its balance sheet by 55%, is anticipated to…


The Ukrainian bank PrivatBank is prosecuting its two previous proprietors to attempt to reacquire billions of dollars they supposedly obtained and misused through fraudulent loans, before the bank was previously bought by the state in 2016. The case is being acquired the English courts, where PrivatBank…


BRICS Is Said to Be Gaining More Influence

BRICS which consists of Brazil, Russia, India, China and South Africa, is becoming more and more influential since it started more than a decade ago. Moreover, what BRICS do have in common is that they are all economies transitioning  from developing to developed. By 2016, BRICS held 41% of the world’s…


Venture Capital firm Golden Gate Ventures recently stated  that it will launch a USD $10 million fund to invest into blockchain technology and cryptocurrency startups. The Singapore based venture capital firm plans to launch the fund, under the name, LuneX Ventures, which will invest in early-stage…


German Minister Slams Trump Trade Rows

Germany’s economy minister, Peter Altmaier, criticized US President Trump, slamming his global trade rows and efforts to command Europe’s dealings with Iran through continued US sanctions. Altmaier recenty stated in an interview his concerns regarding damaging repercussions of fully fledged US-China…


A substantial amount of Google employees have signed a protest letter over the firm’s reported work on a censor-friendly search engine to return into China. According to sources, the employees are requesting more transparency so that they can understand the moral implications of their work. The respective…


Cyprus Refuses EU’s New Migrant Scheme

According to sources, Cyprus has been included in a list of EU member states where so-called controlled centres could be situated in order to process refugees and migrants disembarking on EU soil. This is following ongoing attempts to create a common migration policy within the bloc. The government…


It is said that Singapore will continue with its growth forecast for 2018 as data displayed that the economy grew at a slightly better-than-expected 3.9% in the second quarter from a year ago, the Ministry of Trade and Industry (MTI) stated recently. Gross domestic product (GDP) is expected to grow…



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