A Times investigation revealed a coordinated effort by state treasurers to use government muscle and public funds to punish companies trying to reduce greenhouse gases.
Tag: Banking and Financial Institutions
Chinese Banking Scandal Tests Faith in Communist Party’s Leadership
The disappearance of ordinary savers’ money, and the government’s seemingly indifferent response, could pose a major test for the Communist Party’s legitimacy.
Security Forces in China Attack Protesters Seeking Frozen Funds
After a rare mass demonstration, bank depositors demanding their money back were beaten, kicked to the ground and dragged away in the city of Zhengzhou.
Russia Appears to Miss Its Foreign Debt Payment Deadline
Economic sanctions that blocked bond payments have strengthened efforts to seal off Moscow from global markets.
Russia Appears to Miss Its Foreign Debt Payment Deadline
This default would be unusual because it would be a result of economic sanctions blocking transactions, not because the government has run out of money.
A Chinese City May Have Used a Covid App to Block Protesters
People from across China had set off for the city of Zhengzhou to protest the freezing of their savings. Then they were prevented from moving freely.
Seizing Russian Assets to Help Ukraine Sets Off White House Debate
Some European officials want to use more than $300 billion in Russian central bank assets to rebuild Ukraine. But Biden administration officials warn that diverting those funds could be illegal.
Pakistan Raises Fuel Prices in Effort to Stabilize Economy
The interim government’s move was seen as a bid to revive a $6 billion bailout from the International Monetary Fund.