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World needs crypto regulation – ECB official

Crypto assets should be used within clear, regulated boundaries, Fabio Panetta says Globally coordinated measures are needed to regulate the crypto market and avoid a “lawless frenzy of risk-taking,” top official at the European Central Bank Fabio Panetta said in a speech at Columbia University on Monday.

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US oil giant declares Russia force majeure

ExxonMobil has been having difficulties with export shipments from the Sakhalin 1 project ExxonMobil said on Wednesday that its Russian unit Exxon Neftegas has declared force majeure for its Sakhalin 1 operations due to sanctions. It has become increasingly difficult to ship crude to customers, the company explained.

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Pelosi urges ‘strongest possible military response’ against Russia

The senior US lawmaker said the West must not be deterred by Russian ‘threats’ US House Speaker Nancy Pelosi has demanded the “strongest possible” retaliation to Russia’s attack on Ukraine following meetings with officials in Warsaw and Kiev.

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