Economy & Business

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The signs of de-dollarization are everywhere

The signs of de-dollarization are everywhere

The US currency is losing its luster with oil trade and international deals being...

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Kiev retaliates against Moldova grain ban

Kiev retaliates against Moldova grain ban

Kiev will completely ban imports from Moldova to retaliate against Chisinau’s embargo...

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IEA issues global gas warning

IEA issues global gas warning

The global natural gas supply will remain tight in 2023 amid a wide range of uncertainties,...

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IMF issues grim warning about global economy

IMF issues grim warning about global economy

International Monetary Fund chief Kristalina Georgieva says economic fragmentation...

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Russian economy showing signs of recovery – data

Russian economy showing signs of recovery – data

Russia’s GDP shrank 2.2% in the first quarter of the current year in annual terms,...

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Over 2,000 US banks are insolvent – Telegraph

Over 2,000 US banks are insolvent – Telegraph

Almost half of the 4,800 lenders in the US are on the brink of insolvency, as their...

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Japanese clothing giant mulls Russia exit – Kommersant 

Japanese clothing giant mulls Russia exit – Kommersant 

Uniqlo halted operations at its Russian stores but is reluctant to completely exit...

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Russian car sales triple

Russian car sales triple

Chinese automobiles have been winning over the Russian market, according to the...

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Pakistan switching to yuan to buy Russian oil – media

Pakistan switching to yuan to buy Russian oil – media

Pakistan may pay for the Russian crude oil in Chinese yuan, with a test cargo carrying...

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De-dollarization is spreading and it’s not hard to see

De-dollarization is spreading and it’s not hard to see

The US currency is losing its luster with oil trade and international deals being...

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Investors flock to gold as US banking crisis rages – JPMorgan

Investors flock to gold as US banking crisis rages – JPMorgan

Concerns of a looming US recession have sparked investor bets on gold, JPMorgan...

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New proposals for Russia sanctions revealed – media

New proposals for Russia sanctions revealed – media

The European Commission is reportedly mulling restricting exports to third nations...

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Trading in US banks halted as financial panic spreads

Trading in US banks halted as financial panic spreads

Trading in shares of two more US regional lenders was suspended on Thursday after...

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Central American country frees IT companies from taxes

Central American country frees IT companies from taxes

El Salvador has terminated all taxes on tech innovations to boost economic development...

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US banking crisis deepens

US banking crisis deepens

PacWest bank is considering a possible sale in a sign that US financial sector turmoil...

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US financial turmoil not over – analyst

US financial turmoil not over – analyst

More challenges lie ahead for the US financial sector despite a government rescue...