Economy & Business

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Russia and China ‘close’ to replacing SWIFT — business regulator

Russia and China ‘close’ to replacing SWIFT — business...

Western restrictions have forced Moscow and Beijing to actively promote their own...

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Oil prices nosedive on signs of oversupply

Oil prices nosedive on signs of oversupply

Global benchmark Brent has dropped to below $80 on Monday for the first time since...

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EU eyes stronger tariffs on Russia – FT

EU eyes stronger tariffs on Russia – FT

An EU plan to target $46 billion worth of Russian imports could cover food, medicines,...

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West eyeing ‘Russian SWIFT’ as sanctions target – Bloomberg

West eyeing ‘Russian SWIFT’ as sanctions target – Bloomberg

The G7 and EU are studying ways to sanction lenders using the Bank of Russia’s financial...

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Macron pressed Canada to ease Russia sanctions – Reuters

Macron pressed Canada to ease Russia sanctions – Reuters

The French leader reportedly asked the Canadian PM to allow Airbus to use Russian-produced...

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EU hikes tariffs on Russian and Belarusian grain 

EU hikes tariffs on Russian and Belarusian grain 

EU ministers have agreed to introduce “prohibitive” tariffs on grain imports from...

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IMF warns Europe over energy security

IMF warns Europe over energy security

The Ukraine conflict and sanctions on Russia are threatening Europe’s energy security...

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Here’s why America’s usual approach isn’t working in Ukraine

Here’s why America’s usual approach isn’t working in Ukraine

In a nation dominated by Wall Street, the strategy employed for combatting financial...

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Sanctions on Russia ineffective, says Dubai trade-hub chief

Sanctions on Russia ineffective, says Dubai trade-hub chief

Western restrictions have made trade more complex but are largely ineffective, according...

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Western firms ‘backtracking’ on Russia exit plans – FT

Western firms ‘backtracking’ on Russia exit plans – FT

More than half of the foreign firms that pledged to leave Russia have remained in...

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EU facing cod shortage due to Russia sanctions – industry leaders

EU facing cod shortage due to Russia sanctions – industry...

The EU is facing a shortage of cod due to declining stocks and to trade restrictions,...

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Russian crab ‘conquering’ Chinese market – data

Russian crab ‘conquering’ Chinese market – data

A leading Russian fishery increased exports of crab to China by 33% last year, export...

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ECB tells banks to ‘get out of Russia’

ECB tells banks to ‘get out of Russia’

Italian banks must halt operations in Russia as doing business there is causing...

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UK warned of toughest fiscal choices in decades

UK warned of toughest fiscal choices in decades

The next UK government will have to choose between tax hikes, spending cuts or boosting...

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G7 fails to finalize plans for tapping Russian assets

G7 fails to finalize plans for tapping Russian assets

The G7 has not reached a consensus on how to get the revenue from frozen Russian...

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Musk blasts US tariffs on China

Musk blasts US tariffs on China

The Tesla chief executive had previously supported trade barriers on the Asian country’s...