Economy & Business

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Hong Kong offers escape route for crypto exchanges

Hong Kong offers escape route for crypto exchanges

A Hong Kong legislator has invited crypto exchanges to launch operations in the...

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UK breweries going bust – report

UK breweries going bust – report

Soaring inflation and energy costs have been threatening the survival of British...

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France nationalizes country’s biggest power provider

France nationalizes country’s biggest power provider

Debt-laden French energy giant EDF is back under the control of the government as...

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Russia’s McDonald’s replacement outperforms original – owner

Russia’s McDonald’s replacement outperforms original –...

Vkusno i Tochka, which replaced McDonald’s in Russia, is thriving with a 58% market...

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Kazakhstan blames its banks for blocked Russian transactions

Kazakhstan blames its banks for blocked Russian transactions

Astana did not order domestic lenders to reject ruble payments for exports to Russia,...

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Cuba makes proposal to Russian-led economic alliance

Cuba makes proposal to Russian-led economic alliance

Havana proposes creating an industrial park that would open up Latin American markets...

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End of US dollar dominance approaching – top Russian banker

End of US dollar dominance approaching – top Russian banker

Andrey Kostin, head of Russia’s second largest bank, projects a grim fate for the...

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Ice-cream production soars in Russia

Ice-cream production soars in Russia

Russian ice-cream output reached 214,700 tons between January and May, representing...

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Moscow court reduces sentence of convicted US investor

Moscow court reduces sentence of convicted US investor

American businessman Michael Calvey, who left Russia more than a year ago, will...

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Latin American nation seeks to join BRICS bank

Latin American nation seeks to join BRICS bank

The Republic of Honduras has applied for membership of the BRICS New Development...

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Adidas reveals date for return to Russian market – media

Adidas reveals date for return to Russian market – media

Stores of German sportswear giant Adidas may reopen in Russia in November, Mash...

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Russia-China trade booming

Russia-China trade booming

Chinese exports to Russia surged 75% year-on-year in January-May, official statistics...

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Sanctions sped up Russia’s pivot to Asia – deputy PM

Sanctions sped up Russia’s pivot to Asia – deputy PM

Russia plans to further boost energy trade and cooperation with its Eastern partners,...

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Russian retaliation to EU assets seizure revealed

Russian retaliation to EU assets seizure revealed

Nearly $3 billion in assets belonging to Euroclear and Clearstream have been blocked...

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China’s Huawei faces EU restrictions – FT

China’s Huawei faces EU restrictions – FT

Chinese tech giant Huawei could be banned from the European Union’s 5G networks,...

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Central Bank predicts when Russian economy will return to ‘pre-crisis’ levels

Central Bank predicts when Russian economy will return...

The Russian economy will fully recover from last year’s sanctions-induced slump...