Economy & Business

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Path to BRICS’ own currency ‘not easy’ – diplomat

Path to BRICS’ own currency ‘not easy’ – diplomat

The creation of a single BRICS currency is a long process but the group “will get...

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EU’s worst-performing economy revealed

EU’s worst-performing economy revealed

Poland’s GDP dropped by 2.2% between April and June compared to the same period...

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Apple shares plummet on China bans

Apple shares plummet on China bans

News of Beijing's widening curbs on the use of iPhones by government staff has sent...

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Ukrainian chicken threatens EU producers

Ukrainian chicken threatens EU producers

Poultry producers in France are facing losses due to the influx of low-cost imports...

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Germany’s decades of prosperity over – El Pais

Germany’s decades of prosperity over – El Pais

Germany’s decades of prosperity are coming to an end as the economy is battered...

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Russian oil shipments soar – Bloomberg

Russian oil shipments soar – Bloomberg

Russian crude exports have continued to rise despite Western sanctions and Moscow’s...

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Kremlin warns US over plan to hand Russian assets to Ukraine

Kremlin warns US over plan to hand Russian assets to Ukraine

Moscow has threatened legal action if Washington sends frozen Russian funds to Kiev...

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Top Russian bank launches new service in Iran 

Top Russian bank launches new service in Iran 

Sber now allows both individuals and businesses to transfer money to Iran, the bank...

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Eurozone business activity slumps – S&P

Eurozone business activity slumps – S&P

Economic momentum in the euro area dropped to a nearly three-year low in August,...

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UK cigarette giant exits Russia

UK cigarette giant exits Russia

Tobacco giant British American Tobacco has agreed to sell its Russian and Belarusian...

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Russian economy outperforming expectations – Kremlin

Russian economy outperforming expectations – Kremlin

The Russian economy is exceeding forecasts, according to presidential spokesman...

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G7 scraps review of Russian oil price cap – Reuters 

G7 scraps review of Russian oil price cap – Reuters 

The West has reportedly shelved reviews of a price cap on Russian oil, even as it...

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Russia accelerates sale of foreign currencies

Russia accelerates sale of foreign currencies

Russia’s central bank has announced additional sales of foreign currency on the...

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Russia’s McDonald’s replacement eyes China expansion

Russia’s McDonald’s replacement eyes China expansion

Russia’s Vkusno i Tochka has requested McDonald’s approval to open an outlet in...

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Chinese travel boom fueling oil-price rise – analyst

Chinese travel boom fueling oil-price rise – analyst

Oil prices are likely to surge to $100 per barrel by the year’s end on Chinese demand,...

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Ukraine looks to hike alcohol prices

Ukraine looks to hike alcohol prices

Ukraine’s Economy Ministry is proposing to raise prices for alcoholic drinks to...