Economy & Business

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German giant to take hit on Russia exit

German giant to take hit on Russia exit

Henkel has agreed to sell its Russian assets for over $650 million, the company...

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Western brands disappearing from Russian malls – analysts

Western brands disappearing from Russian malls – analysts

The share of foreign labels in Moscow’s shopping centers has dropped by half since...

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Japan’s inflation accelerates past four-decade high

Japan’s inflation accelerates past four-decade high

Japanese consumers have seen a record surge in food and energy costs, according...

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Italy ponders exit from China’s ‘Belt and Road’ – Bloomberg

Italy ponders exit from China’s ‘Belt and Road’ – Bloomberg

Rome may pull out of China’s ‘Belt and Road’ initiative amid tensions between Washington...

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India and Bangladesh ditching dollar in trade – media

India and Bangladesh ditching dollar in trade – media

New Delhi and Dhaka have agreed to settle an increasing quota of bilateral trade...

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Ukraine launches fire sale of state assets – Bloomberg

Ukraine launches fire sale of state assets – Bloomberg

Kiev urges "brave" investors to buy country’s big enterprises as it seeks to shore-up...

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Taiwan’s exports plunge amid weak micro-chip demand

Taiwan’s exports plunge amid weak micro-chip demand

Orders for goods-shipment from Taiwan dropped in March for a seventh month in a...

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Ranks of Russian billionaires grow – Forbes

Ranks of Russian billionaires grow – Forbes

Many Russian businessmen saw their profits grow last year on the recovery of the...

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South American country calculates losses from US sanctions

South American country calculates losses from US sanctions

Venezuela has lost around $29 billion a year since the US imposed sanctions on the...

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Russia to drop dollar, euro in energy trade – deputy PM

Russia to drop dollar, euro in energy trade – deputy PM

Moscow plans to switch all settlements for energy resources to national currencies,...

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China’s economic outlook upgraded

China’s economic outlook upgraded

The Chinese economy will grow more than 6% this year, CNBC reports, citing analysts...

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BRICS de-dollarization push gaining momentum – Jakarta

BRICS de-dollarization push gaining momentum – Jakarta

Indonesia’s central bank has been boosting efforts to move away from the US-dominated...

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US battery maker leaving Russia – media

US battery maker leaving Russia – media

Duracell has reached a decision to end its business in Russia, news outlets report...

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French power prices for next winter soaring – Bloomberg

French power prices for next winter soaring – Bloomberg

France's electricity prices for next winter are twice as high as Germany's due to...

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Russian capital flight slows as economic outlook improves – central bank

Russian capital flight slows as economic outlook improves...

The flow of money from Russia has slowed substantially compared to last year as...

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Putin and Saudi crown prince discuss OPEC+ deal – Kremlin

Putin and Saudi crown prince discuss OPEC+ deal – Kremlin

Moscow and Riyadh are “satisfied” with growing cooperation within the OPEC+ group,...