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November 15th - According to the Financial Times, Apple (AAPL.O) is accelerating its succession planning, preparing for Tim Cook to potentially step down as CEO as early as next year. Multiple sources familiar with internal discussions revealed that Apples board and senior management have recently expedited preparations to welcome Cooks departure. John Ternus, Apples senior vice president of hardware engineering, is widely considered Cooks most likely successor, but a final decision has not yet been made. Sources close to Apple indicate that this long-awaited transition is not due to the companys current performance, as Apples iPhone sales season at the end of this year is expected to be very strong. If a successor is announced early next year, the new leadership team will have time to establish themselves before Apples key annual events, including the Worldwide Developers Conference (WWDC) in June and the iPhone launch event in September.According to the Financial Times, Apple (AAPL.O) is preparing for Tim Cook to step down as CEO as early as next year, with John Ternus, the companys senior vice president of hardware engineering, widely considered the most likely successor.According to the Financial Times, Apple (AAPL.O) is stepping up its planning for a successor to CEO Tim Cook.On November 15th, the European Parliament adopted its position paper on amendments to the European Climate Law on the 13th, supporting the addition of a legally binding 2040 mid-term climate target to the existing EU climate law. The position paper requires the EU to reduce net greenhouse gas emissions by 90% from 1990 levels by 2040, while also supporting the European Commissions proposal to introduce flexibility in achieving the target. The European Parliament stated its support for member states to offset emissions reductions of up to 5% of their 1990 emissions by purchasing international carbon credits from other partner countries starting in 2036. The European Parliament also advocated for incorporating permanent carbon removal into the EU Emissions Trading System, in addition to existing reduction methods, to offset some emissions that are difficult to reduce.On November 15, the UN Security Council adopted a resolution on November 14 extending sanctions against Yemen for another year until December 15, 2026, and requesting a panel of experts to continue monitoring and submit reports. The resolution condemned the Houthi attacks in the Red Sea and other waters, reaffirmed the arms embargo, and emphasized the need to resolve the conflict through a political process.

Crypto News: Russia Takes After Iran, Looks to Crypto for Sanctions Evasion

Cory Russell

Sep 20, 2022 14:24

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This month's cryptocurrency news is already popular. Massive updates are being added to Ethereum (ETH-USD) and Cardano (ADA-USD), Ripple is wrapping down its SEC case, and Voyager Digital (OTCMKTS:VYGVQ) is concluding its bankruptcy auction. International relations is another area where cryptocurrency is a hot issue. In fact, Russia intends to present a law that would enable it to avoid sanctions, adding to its policy reversals.


Russia has expressed conflicting, divergent views on cryptocurrencies. Both a central bank digital currency (CBDC) and allowing Russian people to trade or do business with cryptocurrency are not something it is interested in. Vladimir Putin, the president, has shown interest in commercial crypto mining, nevertheless.


This assortment of positions has resulted in a strict restriction on cryptocurrency trading in Russia. The nation continues to welcome the crypto miners who operate inside its borders in the meanwhile.


Everything may be changing. Numerous nations imposed sanctions on Russia after its first incursion into Ukraine. Early on, many people worried that Russia might use cryptocurrencies to escape these sanctions.


Others claim that this isn't the case and never has been, but the Russian government may be able to refute them.

News about cryptocurrency: Russia will consider a new bill

Although the U.S. may advance its own cryptocurrency legislation this month, other developments are the major crypto news right now. The upcoming crypto law from Russia is significant because it emulates the policies of a U.S. foe and may allow the country to circumvent blockchain-related sanctions.


Ivan Chebeskov, the head of the Russian Finance Ministry, claims that a new law to lift the nation's prior prohibition on cryptocurrency trading is being drafted. Businesses will be able to make transactions using cryptocurrencies thanks to this new law.


The draft law was released only a few weeks after the Russian central bank changed its position on cryptocurrencies. The Bank of Russia, which had previously been anti-crypto, now supports allowing crypto payments solely for international trade. The Russian Prime Minister Mikhail Mishustin's optimistic remarks about cryptocurrency preceded this most recent change of heart. Mishustin requested the Bank of Russia, the FSB, and the country's tax and financial monitoring divisions to reach a consensus on whether or not to legitimize these cross-border transfers only last week.


Unsurprisingly, all of this information was released shortly after the Iranian government granted its own local firms the ability to legally import items via cryptocurrency payments. It just placed the first-ever import order for automobiles, worth $10 million, into the nation. These imports also represent a clever attempt to get around trade restrictions.


It seems that Russia has considered Iran's success. Investors would be well to monitor the news on legislation and policy that is coming out of the country this week.

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