Economy & Business

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US lenders preparing for possible bank runs

US lenders preparing for possible bank runs

American banks borrowed $165 billion from the Federal Reserve to boost liquidity...

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Grim economic forecast issued for Germany

Grim economic forecast issued for Germany

The German economy is expected to continue contracting this year amid high inflationary...

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UK living standards see worst decline on record

UK living standards see worst decline on record

Britons face the worst decline in living standards since records began in the 1950s,...

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Credit Suisse stocks continue slide

Credit Suisse stocks continue slide

Shares in Swiss banking giant Credit Suisse have continued to fall amid investor...

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Dow drops as banking stocks sink

Dow drops as banking stocks sink

US stocks have continued to slide in the worst week for the banking sector since...

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Gold surges as US banking crisis rages

Gold surges as US banking crisis rages

Gold prices are nearing February highs as investors turn to tangible assets amid...

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Western banking crisis cannot spread to Russia – central bank

Western banking crisis cannot spread to Russia – central...

The Russian financial sector is practically immune to the effects of the unfolding...

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UK living standards drop to lowest on record

UK living standards drop to lowest on record

Britons face the worst decline in living standards since records began in the 1950s,...

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Credit Suisse stock continues slide

Credit Suisse stock continues slide

Shares in Swiss banking giant Credit Suisse have continued to fall amid investor...

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Political opposition to bank bailout growing in Switzerland

Political opposition to bank bailout growing in Switzerland

Swiss political party opposes state aid to Credit Suisse as authorities run through...

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Leading US banks rescue distressed lender

Leading US banks rescue distressed lender

Troubled First Republic Bank will receive a $30 billion injection in the form of...

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China looks to cement energy ties with Russia – ambassador

China looks to cement energy ties with Russia – ambassador

Beijing aims to further strengthen and expand energy cooperation with Moscow, according...

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Lack of tiny part may ground Russia’s Superjet fleet – RBK

Lack of tiny part may ground Russia’s Superjet fleet –...

Russia’s Sukhoi Superjet airliners may be grounded as sanctions have created a shortage...

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Polish inflation highest since mid-1990s

Polish inflation highest since mid-1990s

Inflation in Poland hit 18% in February, the highest level since 1996 Read Full...

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Runaway Dutch food inflation rises again

Runaway Dutch food inflation rises again

Grocery prices in the Netherlands jumped 18.4% in February, according to official...

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Russian oil and gas production to shrink – minister

Russian oil and gas production to shrink – minister

Energy production in Russia is expected to decline this year due to a planned output...