Economy & Business

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Soaring debt pushing wealthy nations to ‘fiscal death’ – economist

Soaring debt pushing wealthy nations to ‘fiscal death’...

The world is facing a “decade of debt” due to uncontrolled borrowing, economist...

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Moscow warns of diamond ban’s impact on Belgium

Moscow warns of diamond ban’s impact on Belgium

Belgium will lose its status of diamond trading hub due to the sanctions on Russia,...

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Amazon sued for pitching pricier products – Reuters

Amazon sued for pitching pricier products – Reuters

US retail giant Amazon has been sued for allegedly violating consumer protection...

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Germany facing ‘greatest real estate crisis’ in 15 years – bank

Germany facing ‘greatest real estate crisis’ in 15 years...

Lender PBB’s shares have been sliding amid decline in German commercial property...

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Israel’s credit rating downgraded on war risks

Israel’s credit rating downgraded on war risks

Moody’s has lowered its ratings outlook on Israel due to its continued conflict...

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Chinese lenders rejecting Russian payments – bank executive  

Chinese lenders rejecting Russian payments – bank executive  

Some banks in China have started returning funds to Russian clients on fears of...

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Ukraine will target IMF if US cash is blocked – Bloomberg

Ukraine will target IMF if US cash is blocked – Bloomberg

Kiev is reportedly considering a contingency plan if the US’ $60 billion aid package...

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Russia exit cost EU beer giant $5.9 billion

Russia exit cost EU beer giant $5.9 billion

Danish brewer Carlsberg has written down its Russian business, which pushed the...

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Kremlin warns Germany over ‘expropriation’ of Russian assets

Kremlin warns Germany over ‘expropriation’ of Russian assets

By nationalizing Russian assets, Berlin would be undermining the economic and legal...

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Local currencies dominate Russia-China trade – Putin aide

Local currencies dominate Russia-China trade – Putin aide

90% of settlements between Moscow and Beijing are made in the ruble and yuan, according...

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EU court dismisses Russian tycoon’s sanctions appeal

EU court dismisses Russian tycoon’s sanctions appeal

Businessman Alisher Usmanov has been aiming to extricate himself from the bloc’s...

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Kiev complains about ‘weak’ EU sanctions against Russia

Kiev complains about ‘weak’ EU sanctions against Russia

The EU is not doing enough to punish Moscow, the head of the sanctions department...

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McDonald’s and Starbucks say Gaza conflict is hurting business

McDonald’s and Starbucks say Gaza conflict is hurting business

The conflict between Israel and Gaza and related boycotts have seen McDonald’s and...

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Lack of growth making Germany poorer – FM

Lack of growth making Germany poorer – FM

German Finance Minister Christian Lindner says that the country’s competitiveness...

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UK bypassing own ban on Russian oil – study

UK bypassing own ban on Russian oil – study

The UK has continued importing millions of tons of Russian oil in the form of jet...

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Russian drone production soaring – deputy PM

Russian drone production soaring – deputy PM

Moscow is making a significant investment in producing more drones for its military,...