The Bank of England granted the request of the National Bank of Ukraine on the legality of the bail-in operation of four issues of its Eurobonds worth $ 595 million conducted at the end of 2016 during the nationalization of PrivatBank.
“In accordance with section 89H, the Bank of England has decided to recognize the bail-in of PrivatBank, and Her Majesty’s Treasury has approved the decision,” the statement said.
Such recognition gives the right to consider the transaction as a bail-in and in accordance with English law, but at the same time does not affect deposits in British banks.
“Recognition does not imply approval of the measures taken and is not intended to influence any legal appeal against these actions submitted to the jurisdiction of the country of origin in accordance with the legislation of Ukraine,” the document reads.
Company Continues Strategic Expansion Adding New Service Capabilities, Talent, and Broadening Nearshore Footprint SAN JOSE, Calif.—January 5, 2023— GlobalLogic Inc., a Hitachi Group Company and Digital Engineering Leader, today announced the acquisition of Hexacta, a Pan-Latin-America digital and data engineering company. The acquisition is part of GlobalLogic’s continued strategy to expand its offerings, and its […]
Last year, the global medical device market reached $532.62 billion, according to Mordor Intelligence. Ukrainian engineers are involved in the projects of key players, which occupy almost 10% of the market. This share can be estimated at 50 billion US dollars*. Domestic specialists create more than a hundred software solutions of various levels. These include […]
Новий власник Twitter Ілон Маск доручив інженерам попрацювати над перезавантаженням Vine, яке може бути готове до кінця нинішнього року. Про це повідомляє Axios. Зазначається, що інженерам компанії необхідно вивчити стару кодову базу відеосервісу, яка не змінювалася та не оновлювалася з моменту закриття, а саме з 2016 року, коли з’ясувалося, що майданчик не витримує конкуренції. Втім, одне з […]
Credit Agricole has been ranked first in the social responsibility rating of the banking sector, created by Standard-Rating based on the 2022 half-year results. The rating agency commended the bank’s contribution to the economy of Ukraine. The bank has paid UAH 100 million in taxes in advance, while issuing UAH 1.2 billion in loans under […]
From October 1, drivers must turn on the dipped headlights of the car outside the city. This helps to additionally mark the vehicle in conditions of low visibility within the autumn-winter period. GlobalLogic reminds about the importance of compliance with traffic rules and tells about the developments of Ukrainian engineers that affect road safety. In […]
Intellias, a global software engineering and digital consulting company, has announced the completion of its acquisition of Digitally Inspired, a fast growing, UK based peer, focusing on the Retail and eCommerce industry. “I am delighted to welcome the Digitally Inspired team to Intellias. It is symbolic that Intellias’ twentieth anniversary coincided with signing an agreement […]
3×4, a Web3 fundraising platform for non-profits, has been launched in Ukraine to bring innovative crypto & NFT fundraising to the rising number of social impact causes. 3×4 helps non-profit organizations to fundraise utilizing NFTs in collaborations with artists and brands while providing donors utility, revenue and transparency. The idea of 3×4 was born in […]
The parent company of the Google – Alphabet announced that the company will invest to Bebor Technologies $ 380 million, – reports The Wall Street Journal. According to the deal, the Alphabet company will receive shares in the Bebor Technologies for $ 148 million. Dine Green, one of the head of Alphabet company expressed positive […]
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Shares of Netflix fell after the company released a quarterly report on October 20 with only 2.2 million new subscribers. At the same time, over the last week, stock growth has resumed and since the beginning of the year, the share price of Netflix has risen by 59%. The company’s management and analysts cited the […]
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The “Klub syra” Company is considering the possibility of cheese deliveries to Romania and Bulgaria and deliveries of dry fat-free to Romania, Bulgaria and Poland. This was announced by the CEO of the company Maxim Rylik, writes “Ukrainian News”. “As for the European Union, today we are considering the issue of the exports in direction […]
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For the first time, the National Bank fined a collection company for violating the requirements of ethical conduct in settling overdue debts. This was reported by the NBU. “The National Bank, as a body that regulates and supervises the activities of non-banking financial institutions, has revealed a violation of the requirements of the legislation on […]
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Spotify Technology SA, owner of the Tinder Match Group Inc., computer game developer Epic Games Inc and ten other companies have formed a coalition to put pressure on Apple Inc and other app store operators to change placement rules, according to The Wall Street Journal. In the statement from The Coalition for App Fairness, (“Coalition […]
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Regulators fined the largest French mobile operator – The Orange Company in the amount of € 350 million. The reason for the fine is the abuse of a dominant market position. The supervisory authorities of France conducted an investigation and determined that since the early 2000, Orange fraudulently suppressed the competition in their field. The […]
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Gallery Portal11 presents exhibition by Astian Rey “Gold and Rust” at str. Triokhsviatytelska 11 Kyiv 02.07.2021 – 02.07.2021 “Gold and Rust” is an exhibition by Kyiv artist Astian Ray, who became one of the winners of the Portal 11 Art Prize 2020. Gold and rust are two mutually exclusive concepts that underlie the structure of […]
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Next year, only a small proportion of people in the European Union will be able to get the coronavirus vaccine. Officials in European countries have not yet decided on the vaccination of citizens. This was announced by Reuters on Tuesday, October 27. “By the end of 2021, there will not be enough doses of the […]
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The State Administration of Market Control on Saturday, April 10, announced a fine of 18.22 billion yuan ($ 2.78 billion) from Alibaba for antitrust violations. This is stated in a statement published on the regulator’s website. “Impose a fine of 4% of the company’s domestic sales for 2019 of 455.712 billion yuan, which is a […]
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Founder of Tesla Inc. and SpaceX Elon Musk took second place in the list of the richest people in the world, ahead of Microsoft founder Bill Gates. This was reported by the Bloomberg Billionaires Index. Over the past 12 months, Mask’s fortune has grown by about $ 100 billion, according to Bloomberg estimates. According to […]
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Prosecutor General Iryna Venediktova has reconciled three suspicions with former officials of PrivatBank, the press service of the Prosecutor General’s Office reports. Thus, the notification on the change of the previously reported suspicion to the former chairman of the bank’s board, the former deputy chairman of the board and the former head of the interbank […]
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The Antimonopoly Committee has granted permission to the company EDAL Holding und Finanzierungsberatung GmbH (Austria) for the acquisition of a 50% stake in Investbank. This is stated in the committee report. “Granted the permission to the EDAL Holding und Finanzierungsberatung GmbH (Vienna, Austria) for the purchase of shares of Investbank (Odessa), which provides excess of […]
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The U.S. Department of Labor’s weekly report on Thursday showed that the number of initial applications for unemployment benefits in the country rose to 1.106 million in the week ended August 15, which is worse than the forecast of economists at 925 thousand and worse than the previous week, when the figure of 971 thousand […]
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Antimonopoly Committee of Ukraine has approved the deal Cyprus company Fundamentum KCG Limited with representative of national business OOO Development Foundation. The decision was published on the official website of the Ukrainian regulator on January, 27 of this year. According to publicly available information, the foreign conglomerate will carry out the acquisition of a controlling […]
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Shares of Netflix fell more than 11% after the close of trading on Tuesday, as the low number of new users of the streaming giant disappointed investors. Market analysts predicted a decline, but did not expect it to be so strong. In 2020, Netflix, on the one hand, received an incredible increase in users of […]
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Electric car maker Tesla has agreed with brokerage companies to sell its shares for a total of $ 5 billion. This was reported by Bloomberg, citing documents submitted to the US Securities and Exchange Commission (SEC). The shares will be sold at the market price. This is the third sale of Tesla shares in 2020. […]
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