Global Economic Developments: Russian Central Bank Faces Criticism Amid Banking Sector Challenges and Swisscom's Acquisition of Vodafone Italia Approved

On November 13, 2024, the head of the Russian Central Bank addressed growing criticisms regarding the country's banking sector. The official emphasized the resilience of Russian banks amidst economic pressures, asserting that the sector remains stable despite external challenges.

In a separate development, Swisscom's acquisition of Vodafone Italia received approval from Italian communications authorities on the same day. This acquisition is expected to enhance Swisscom's presence in the Italian telecommunications market, fostering greater competition.

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