Economy & Business

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Luxury giant loses crown as EU’s most valuable firm

Luxury giant loses crown as EU’s most valuable firm

Novo Nordisk has overtaken LVMH to become the EU’s largest firm by market capitalization,...

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UK house price slide accelerates – data  

UK house price slide accelerates – data  

Real estate prices in the UK fell 5.3% year-on-year this month in the biggest annual...

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Russians take Dubai real estate market by storm

Russians take Dubai real estate market by storm

Sanctions are prompting Russians to shift their investments from Western countries...

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Grain deal hinges on SWIFT action – Turkish media

Grain deal hinges on SWIFT action – Turkish media

The UN’s new proposal for the revival of the Black Sea initiative reportedly includes...

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EU’s largest economy stocks up on Russian fertilizers

EU’s largest economy stocks up on Russian fertilizers

German imports of Russian fertilizers surged by more than 300% over the past year,...

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Italian factories slashing workforce – Bloomberg

Italian factories slashing workforce – Bloomberg

Italy’s GDP shrank more than expected in the second quarter as a manufacturing downturn...

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Sanctions against Russia turning Germany into ‘kamikaze’ – MP

Sanctions against Russia turning Germany into ‘kamikaze’...

Western sanctions have failed to destabilize Russia and are instead rapidly weakening...

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Russia ditching ‘unreliable’ dollar in trade – Lavrov

Russia ditching ‘unreliable’ dollar in trade – Lavrov

Russia will develop economic cooperation with ‘friendly’ states in national currencies...

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Major EU economy sees jump in unemployment

Major EU economy sees jump in unemployment

Italy’s jobless rate rose to 7.6% in July after a period of steady declines Read...

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Electricity prices in Italy surge 30% in a week

Electricity prices in Italy surge 30% in a week

Electricity costs in the European Union are on the rise ahead of the heating season...

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Only 10% of Western firms have left Russia – Austria

Only 10% of Western firms have left Russia – Austria

Austrian Foreign Minister Alexander Schallenberg said 91% of foreign companies operating...

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Huge withdrawal of capital from Switzerland to Middle East – media

Huge withdrawal of capital from Switzerland to Middle East...

Anti-Russia sanctions have led to massive exodus of assets from Swiss banks to the...

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Ukraine goes on the attack against Mars

Ukraine goes on the attack against Mars

The Ukrainian National Corruption Prevention Agency declared PepsiCo and Mars war...

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European country issues gas-pipeline warning

European country issues gas-pipeline warning

The TurkStream pipeline that enables Russian gas-flows to Serbia and Hungary is...

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British arms maker to launch production in Ukraine – Zelensky 

British arms maker to launch production in Ukraine – Zelensky 

The UK arms producer BAE Systems plans to localize the production of howitzers and...

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EU energy prices surging

EU energy prices surging

Electricity costs in the European Union are on the rise ahead of the heating season...