Economy & Business

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Shipping giant reroutes vessels around Africa

Shipping giant reroutes vessels around Africa

Maersk has diverted vessels due to the security risk in the Red Sea Read Full Article...

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EU bank’s shares shoot up on back of Russia deal

EU bank’s shares shoot up on back of Russia deal

Raiffeisen shares surged after it pledged to cut its equity in its Russian branch...

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Ho Ho Ho! How US officials are giving Russia’s currency a Christmas boost

Ho Ho Ho! How US officials are giving Russia’s currency...

The anticipation of interest rate cuts by the US Federal Reserve have boosted global...

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Airbnb fined for misleading thousands of customers

Airbnb fined for misleading thousands of customers

Airbnb has been ordered to pay up to $10 million in compensation to affected Australian...

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Moscow promises tit-for-tat response to EU seizures of Russian assets

Moscow promises tit-for-tat response to EU seizures of...

Moscow has promised to retaliate if Brussels touches its sovereign reserves Read...

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Zara replacement flops in Russia – survey

Zara replacement flops in Russia – survey

Lebanese clothing brand MAAG, which replaced Zara in Russia, has been labeled the...

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Russian branch of EU bank posts $172 million profit   

Russian branch of EU bank posts $172 million profit  

Hungarian OTP Bank will receive over $30 million in dividends from its Russian subsidiary, ...

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Danish beer giant loses landmark Russian case

Danish beer giant loses landmark Russian case

Baltika Breweries has preserved licensing rights for certain Carlsberg brands on...

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German prosecutor seeks to confiscate $800 million in Russian assets

German prosecutor seeks to confiscate $800 million in Russian...

The German Prosecutor General has initiated proceedings to seize €720 million in...

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EU countries get Russian oil exemption – Reuters

EU countries get Russian oil exemption – Reuters

The EU has extended an exemption allowing Slovakia to sell fuels produced from Russian...

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Brussels upholds sanctions against Russian tycoon

Brussels upholds sanctions against Russian tycoon

The EU’s General Court has refused to lift sanctions imposed on Roman Abramovich...

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Korean car giant sells huge factory for $77 – media

Korean car giant sells huge factory for $77 – media

Hyundai has announced plans to sell its St. Petersburg plant as part of its exit...

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Maersk reroutes vessels around Africa

Maersk reroutes vessels around Africa

Shipping giant Maersk has diverted vessels due to the security risk in the Red Sea...

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EU state bans imports of Russian oil

EU state bans imports of Russian oil

Bulgaria has prematurely scrapped its exemption from the EU ban on Russian oil but...

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Israel-linked hackers claim cyberattack on Iran

Israel-linked hackers claim cyberattack on Iran

An Israeli hacking group has reportedly knocked out the majority of gas stations...

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More oil shippers halt passage via Red Sea due to rebel attacks

More oil shippers halt passage via Red Sea due to rebel...

BP and other oil companies stop shipments via the Red Sea amid recent attacks in...