Economy & Business

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China’s growth revised higher

China’s growth revised higher

The Chinese economy is forecast to grow 5% this year as consumption is recovering...

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India and Russia bolster energy ties

India and Russia bolster energy ties

India is keen to expand cooperation with Russia as it will help boost the country’s...

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Moscow reveals time frame for response to Western oil sanctions

Moscow reveals time frame for response to Western oil sanctions

Russia’s retaliatory measures to EU oil sanctions will be ready by spring, Deputy...

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EU clearing house profits on frozen Russian assets

EU clearing house profits on frozen Russian assets

Nearly half of Euroclear’s net profit last year came from interest earned on blocked...

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Russian lender granted banking license by Gulf state – FT

Russian lender granted banking license by Gulf state –...

The United Arab Emirates has issued a banking license to Russia’s MTS Bank, the...

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Iran’s ‘ghost fleet’ shipping sanctioned Russian oil – FT

Iran’s ‘ghost fleet’ shipping sanctioned Russian oil –...

Tehran has been ramping up imports of Russian oil on ‘ghost ships’ to bypass Western...

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Turkish stock market suspends trading

Turkish stock market suspends trading

Trading on Türkiye’s stock market has been halted after a major sell-off as the...

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Real wages in Germany plummet – data

Real wages in Germany plummet – data

Inflation reduced real earnings in Germany for the third consecutive year in 2022,...

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French trade deficit doubles

French trade deficit doubles

France’s trade deficit almost doubled last year due to soaring energy imports and...

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India will buy oil ‘from wherever is beneficial’ – energy minister

India will buy oil ‘from wherever is beneficial’ – energy...

India will continue to buy oil from reliable suppliers, including Russia, its energy...

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China’s oil demand predicted to soar

China’s oil demand predicted to soar

The Chinese economy’s rebound may force world oil producers to reassess their output...

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Russia-US trade continues to plummet

Russia-US trade continues to plummet

Trade turnover between Russia and the US saw some growth in December but continues...

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EU reveals exemptions for sanctioned Russian oil products

EU reveals exemptions for sanctioned Russian oil products

The EU has said it will not apply a price limit on the import of petroleum products...

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Major crypto exchange to suspend US dollar transfers

Major crypto exchange to suspend US dollar transfers

Binance will suspend US dollar deposits and withdrawals on Wednesday, according...

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Strikes threaten power and fuel supply in France – media

Strikes threaten power and fuel supply in France – media

A renewed nationwide strike against pension reform slashed power supply and petrol...

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Russia has lost confidence in US dollar – finance minister

Russia has lost confidence in US dollar – finance minister

The share of the dollar in Russia’s financial transactions has declined, according...