Economy & Business

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Saudi Arabia extends oil-production cut

Saudi Arabia extends oil-production cut

Riyadh has extended a cut in oil output for at least another month, in line with...

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Ruble dives to 17-month low against euro

Ruble dives to 17-month low against euro

The Russian ruble has dropped to its lowest level since March 2022 against the euro...

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Russia to impose windfall tax on large businesses

Russia to impose windfall tax on large businesses

President Vladimir Putin has signed a law obliging large companies to pay a tax...

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EU’s LNG imports down to nearly two-year low – Bloomberg

EU’s LNG imports down to nearly two-year low – Bloomberg

The EU’s liquefied natural gas imports have slumped to their lowest level since...

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OPEC oil production tumbles – Bloomberg

OPEC oil production tumbles – Bloomberg

OPEC’s crude oil production has plummeted to a three-year low, according to a Bloomberg...

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African states call for EU to unblock Russian fertilizer shipments

African states call for EU to unblock Russian fertilizer...

A joint statement by Russia and African states has called for practical steps to...

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Pakistan seeking to boost Russian oil imports – Nikkei Asia

Pakistan seeking to boost Russian oil imports – Nikkei...

Pakistan hopes to use a planned Saudi-backed refinery to process “increasing volumes”...

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Russia has emerged from sanctions crisis – Kremlin

Russia has emerged from sanctions crisis – Kremlin

The sanctions-related economic crisis is over and Russia can now start rapidly developing...

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BRICS discussing launch of dollar rival – top Russian MP

BRICS discussing launch of dollar rival – top Russian MP

The BRICS nations have been looking for an alternative settlement currency as de-dollarization...

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Sanctions could force Niger into default – Moody’s

Sanctions could force Niger into default – Moody’s

Economic restrictions imposed on Niger by its regional and Western partners could...

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Russia’s biggest automaker reports soaring sales

Russia’s biggest automaker reports soaring sales

Major Russian carmaker AvtoVAZ has reported having doubled its sales over January-July...

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Russia unveils logo for new digital ruble

Russia unveils logo for new digital ruble

The Bank of Russia has approved the logo of the national electronic currency Read...

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Russia’s manufacturing output picking up steam – Putin

Russia’s manufacturing output picking up steam – Putin

Russian manufacturing may grow 12% this year if the current trend is maintained,...

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Kremlin pours cold water on BRICS single currency speculation

Kremlin pours cold water on BRICS single currency speculation

The adoption of a common BRICS currency looks unattainable in the near future, says...

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Iran boosts oil production to five-year high

Iran boosts oil production to five-year high

Tehran has ramped up oil output closer to pre-sanctions level, according to data...

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German company vows to continue business with Russia

German company vows to continue business with Russia

German industrial giant CLAAS has said it will continue exporting combine harvesters...