Economy & Business

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Major automaker to shut down plant in Russia

Major automaker to shut down plant in Russia

Toyota will be closing its plant in Russia, the Ministry of Industry and Trade has...

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UK consumer confidence hits record low – study

UK consumer confidence hits record low – study

Consumer confidence in Britain hit a record low this month as the cost-of-living...

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European country hikes gas prices – Reuters

European country hikes gas prices – Reuters

Soaring gas prices in Moldova will rise further by more than 27% next month, the...

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High energy costs drive companies away from EU – media

High energy costs drive companies away from EU – media

Soaring energy prices coupled with gas shortages are forcing many EU firms to move...

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More EU anti-Russia sanctions on the way — FT

More EU anti-Russia sanctions on the way — FT

New EU sanctions on Russia may include an oil price cap and target the country’s...

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Sharp rise in Russian food exports reported

Sharp rise in Russian food exports reported

Russian exports of agricultural products on the global market have been rising despite...

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Swiss hospitals advised to cut power use

Swiss hospitals advised to cut power use

Switzerland’s hospitals have been advised to save energy to help the government...

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Russia ramps up agricultural exports

Russia ramps up agricultural exports

Russian exports of agricultural products on the global market have been rising despite...

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India’s recession safeguard revealed

India’s recession safeguard revealed

India is unlikely to join global recession, as it’s “decoupled” from global markets,...

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Austria to reject Russian gas ban – FM

Austria to reject Russian gas ban – FM

Austria’s foreign ministry has stated it won’t support the EU’s planned embargo...

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Turkey to decide fate of Russian payment system – Erdogan

Turkey to decide fate of Russian payment system – Erdogan

Turkish President Recep Tayyip Erdogan will hold an economic meeting with top officials...

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Germany to nationalize Russian gas subsidiary – Der Spiegel

Germany to nationalize Russian gas subsidiary – Der Spiegel

Germany will take over Gazprom’s subsidiary without providing compensation to the...

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Russia issues budget forecast

Russia issues budget forecast

Russia will run a budget deficit for the next three years, Prime Minister Mishustin...

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European country stockpiles Russian gold – Bloomberg

European country stockpiles Russian gold – Bloomberg

Switzerland boosted purchases of Russian gold in August to their highest level in...

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UK lifts ban on fracking

UK lifts ban on fracking

Britain lifted the ban on fracking for shale gas on Thursday, citing the country’s...

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German producer prices hit all-time high – data

German producer prices hit all-time high – data

German producer prices posted the highest increase on record last month, Destatis...