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...The US government in July placed the siblings on a sanctions list for drugs smuggling, limiting their ability to open bank accounts abroad....
...Bank of America has estimated that China accounts for up to 50mn in annual iPhone sales and that such a ban could cost Apple 5-10mn units a year....
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...Accounts seized so far have contained millions of US dollars. By cutting off their funding, the government hopes to put the jihadis on the back foot....
...For several months in 2017, Tether had no access to banking services and at one point more than 85 per cent of its cash was held in a Bitfinex bank account, accounted for as a “receivable” from its sister...
...The bank now expects UK economic output to contract by 1 per cent from the final three months of this year and the second quarter of 2022....
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...“Otherwise they would have wired the money to offshore bank accounts,” says one person....
...As a result, “The financial lives of people in China no longer revolve around governments and banks but around tech ecosystems”....
...Under Sisi’s watch, Cairo became increasingly dependent on hot money flowing into domestic debt to finance its current account deficit as the central bank propped up the pound and kept interest rates in...
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