Economy & Business

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Washington averts historic default

Washington averts historic default

US President Joe Biden has signed into law a bill extending the debt ceiling for...

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E-commerce giant finalizes Russia exit

E-commerce giant finalizes Russia exit

Germany's Otto Group has sold all of its Russia assets due to Western sanctions,...

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Russian-Turkish trade booming – official data

Russian-Turkish trade booming – official data

Russia has ramped up the supply of goods to Türkiye as part of a plan to deepen...

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Iran’s trade with BRICS surging – foreign minister

Iran’s trade with BRICS surging – foreign minister

Iran has ramped up its economic cooperation and trade with the BRICS group of emerging...

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US military spending may drop to lowest level since Cold War era – WSJ

US military spending may drop to lowest level since Cold...

The share of US spending on defense may drop below 3% for the first time since the...

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Russia makes up 20% of global wheat exports – minister

Russia makes up 20% of global wheat exports – minister

Russia’s agriculture minister says the country became a net exporter of grain in...

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India boosts imports of Russian oil

India boosts imports of Russian oil

The share of Russian crude to India exceeded deliveries from the Middle East, official...

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Russian firm taking on Uber in Dubai – Bloomberg

Russian firm taking on Uber in Dubai – Bloomberg

Yango, a subsidiary of IT giant Yandex, is expanding its taxi business in Dubai,...

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Russia sets priorities in tackling pressure from West

Russia sets priorities in tackling pressure from West

Russia’s National Security Council considers combating Western attempts to stoke...

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India boasts world’s fifth-largest stock market – Bloomberg

India boasts world’s fifth-largest stock market – Bloomberg

The market value of publicly traded Indian firms has surpassed that of French companies....

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Russian clothing brands filling gaps left by Western rivals – Reuters

Russian clothing brands filling gaps left by Western rivals...

Russian consumers have turned to domestic brands and those from ‘friendly’ nations...

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Saudi Arabia reveals trade volumes with BRICS nations

Saudi Arabia reveals trade volumes with BRICS nations

Saudi trade with BRICS member states exceeded $160 billion in 2022, according to...

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Dutch consumer prices soaring – data    

Dutch consumer prices soaring – data   

Annual inflation in the Netherlands hit 6.1% in May, according to official data...

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Russia still exports more gas to the EU than the UK – data

Russia still exports more gas to the EU than the UK – data

The share of Russian gas has dropped to 7.2% this year, as the EU ramped up imports...

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India’s richest man seeks to challenge Disney and Netflix

India’s richest man seeks to challenge Disney and Netflix

Top US streaming services are facing fierce competition in India from local players...

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US-bound Chinese flights avoiding Russia's airspace – Reuters

US-bound Chinese flights avoiding Russia's airspace – Reuters

Chinese airlines on newly approved routes to the US are reportedly avoiding overflying...