banking crisis

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Paraguay’s Peña resigns amid Ueno crisis, sources report

Paraguayan President Santiago Peña stepped down on Thursday, November 5, according to Bloomberg, which cited the local outlet ABC. The report came as lawmakers opened debate on removing him over the collapse of Ueno Bank, a lender tied to his…

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Capital flight from Russia tops $1 trillion over 25 years

Capital flight from Russia over the past 25 years has surpassed the country's entire annual gross domestic product, draining more than $1 trillion from an economy now battered by war costs, Ukrainian drone strikes, and a deepening crisis of public…