Economy & Business

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US warned of financial ‘catastrophe’

US warned of financial ‘catastrophe’

The US could plunge into recession if it defaults on its debt this year, Treasury...

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Energy giant warns of tight market in 2023

Energy giant warns of tight market in 2023

Europe will face difficulties refilling gas storages this year, the head of TotalEnergies...

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Russian-born billionaire becomes UK’s top taxpayer

Russian-born billionaire becomes UK’s top taxpayer

A Russian-born mathematician and founder of trading company XTX Markets in London...

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Norway reveals massive mineral discovery

Norway reveals massive mineral discovery

Norway says it has found a “substantial” reserve of natural resources ranging from...

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China enters top three in global vehicle exports – Bloomberg

China enters top three in global vehicle exports – Bloomberg

China was ranked the world’s third biggest exporter of cars in 2022 as shipments...

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Spotify joins tech layoff trend

Spotify joins tech layoff trend

Swedish music-streaming firm Spotify said it would cut 6% of its about 10,000 employees...

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Price cap range for Russian diesel agreed – Bloomberg

Price cap range for Russian diesel agreed – Bloomberg

The Group of Seven and the EU have reportedly agreed a price cap for exports of...

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UN warns about Turkish inflation

UN warns about Turkish inflation

Turkish inflation is expected to fall to 42.4% this year, much higher than the country’s...

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Belgium won’t back EU ban on Russian diamonds – official

Belgium won’t back EU ban on Russian diamonds – official

Belgian Prime Minister Alexander De Croo says the nation won’t back the ban on the...

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Russian oil transfers at sea surge as freight costs rise – Bloomberg

Russian oil transfers at sea surge as freight costs rise...

Transfers of Russia’s flagship Urals oil at sea have reached record volumes in January...

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EU has second thoughts on duty-free food from Ukraine – media

EU has second thoughts on duty-free food from Ukraine –...

EU may reconsider its suspension of tariffs and quotas for Ukrainian agri-food exports...

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Japan expands anti-Russia sanctions

Japan expands anti-Russia sanctions

Tokyo will ban exports of sensitive technology and block assets belonging to dozens...

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EU claims to have found way to access frozen Russian funds – Bloomberg

EU claims to have found way to access frozen Russian funds...

The EU has set out legal grounds for using frozen assets belonging to the Russian...

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EU member to block sanctions on Russian nuclear industry – PM

EU member to block sanctions on Russian nuclear industry...

Hungary will veto EU sanctions targeting Russia’s nuclear energy sector, Prime Minister...

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US imposes sanctions on Russian deputy prime minister

US imposes sanctions on Russian deputy prime minister

The US has added more Russian officials and businessmen to its sanctions list, which...

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Russia releases latest forex reserve numbers

Russia releases latest forex reserve numbers

Russian foreign exchange reserves have continued to grow, surpassing $594 billion...