Economy & Business

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Japanese clothing giant exits Russia – Vedomosti

Japanese clothing giant exits Russia – Vedomosti

Japanese casual wear brand Uniqlo has ceased operations in Russia amid Western sanctions...

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Rich Nordic nation’s economy stalls

Rich Nordic nation’s economy stalls

Norway’s economy stagnated in the second quarter of this year due to a slowdown...

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EU imports from Russia drop at ‘unprecedented’ pace – Borrell

EU imports from Russia drop at ‘unprecedented’ pace – Borrell

Top EU diplomat Josep Borrell claims that the drop in trade with Russia shows that...

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Expanded BRICS will make up nearly 40% of global economy – data

Expanded BRICS will make up nearly 40% of global economy...

The combined GDP of the BRICS group of countries will top $60 trillion after six...

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Top crypto exchange bans foreign currency transfers for Russians – media

Top crypto exchange bans foreign currency transfers for...

Binance has banned Russia-based users from transactions in any currency other than...

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Russian billionaire asks EU to remove sanctions – FT

Russian billionaire asks EU to remove sanctions – FT

The co-founder of Russian tech giant Yandex is seeking EU sanctions relief, the...

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Scholz laments state of Germany’s economy

Scholz laments state of Germany’s economy

Germany’s current economic growth is ‘unsatisfactory,’ Chancellor Olaf Scholz has...

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Russian business activity soaring

Russian business activity soaring

Small- and medium-sized Russian businesses have continued to strengthen their economic...

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Red Cross gets gold bars left on train

Red Cross gets gold bars left on train

The Swiss authorities will donate 120 gold ingots discovered on a train to the Red...

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British warned of tough winter ahead

British warned of tough winter ahead

British households will struggle to pay their energy bills this winter amid a cost-of-living...

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German federal budget deficit soars

German federal budget deficit soars

Berlin’s efforts to stem the rise in energy prices has seen government net borrowing...

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Use of euro in global payments nosedives – data

Use of euro in global payments nosedives – data

The share of the euro in global cross-border transactions has continued to shrink,...

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ECB explains its anti-inflation plan

ECB explains its anti-inflation plan

The European Central Bank will not lower benchmark rates until inflation returns...

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Moscow’s economy grew 20% in just five years – deputy mayor

Moscow’s economy grew 20% in just five years – deputy mayor

The Russian capital continues to prosper despite facing challenges from Covid and...

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China emerging as global LNG trading power – Reuters

China emerging as global LNG trading power – Reuters

Chinese energy traders have been boosting their role on the global liquefied natural...

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German state budget deficit soars

German state budget deficit soars

Berlin’s efforts to stem the rise in energy prices has seen government net borrowing...