π Saudi Arabia transfers Aramco shares worth $80 billion to state fund. The state remains the largest shareholder in Saudi Aramco after the transfer process, as it retains more than 94% of the company’s shares, the statement said.
π The Federal Reserve’s rate debate and Ukraine tensions could jolt markets in the week ahead. Producer price inflation data Tuesday and Fed minutes Wednesday will be important releases.
π Crypto Lender BlockFi to Pay $100 Million In Settlement with SEC, States. Settlement with SEC and states could come as soon as next week. BlockFi faces probes into selling unregistered securities.
π Russians Have Already Started Hybrid War, Ukraine Says. For Russia to create havoc in Ukraine, it may not need to launch an all-out invasion. Ukrainian officials say that Moscow is stepping up a destabilization campaign involving cyberattacks, economic disruption and, most recently, hundreds of false bomb threats.
π Omicron’s Threat to the Global Economy Runs Through China. The U.S. and Europe are learning to live with the virus, but Beijing’s zero-Covid strategy could lead to recurring lockdowns and limit exports the rest of the world relies on.
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