The European Union has tentatively agreed on a $60 a barrel price cap on Russian seaborne oil, Reuters reported on Friday, citing sources. The provisio...
The Swiss economy ministry announced on Thursday that it had frozen $7.94 billion (7.5 billion Swiss francs) worth of Russian assets as of November 25,...
India’s gross domestic product (GDP) for the July-September quarter of the current financial year was up 6.3% year-on-year, according to provisional es...
The EU has agreed to cap the purchase price of seaborne oil from Russia at $60 a barrel, Polish ambassador to the bloc Andrzej Sados confirmed to Reute...
Former FTX chief executive Sam Bankman-Fried denied on Wednesday committing fraud at his collapsed crypto exchange, with billions in funds missing, and...
EU officials have said they cannot legally confiscate Russian assets that have been frozen under Western sanctions. The bloc however hopes to set up an...
Finland’s economy has continued to decline, contracting more in the third quarter than a previous estimate indicated, official statistics revealed on W...
Lawmakers in the European Union are negotiating a lower price cap for Russian seaborne oil exports at $60 per barrel, sources familiar with the matter ...
The French economy continued to be hampered by record inflation in November, defying economists’ expectations, the National Institute of Statistics and...
The number of unemployed in Germany jumped by 17,000 in November in monthly terms, to 2,540,000, according to the country’s Federal Labor Agency.Statis...
Leaving the European Union added an average of £210 ($258) to British household food bills over the two years to the end of 2021, new research from the...
France may face rolling blackouts this winter if its electrical grid comes under severe stress due to cold weather and high demand, Xavier Piechaczyk, ...
Western Europe continues to lean heavily on Russia as a source of diesel, Bloomberg reported on Tuesday, noting that the region needs to find new suppl...
Germany's largest gas importer Uniper said on Wednesday it is seeking billions of euros in compensation from Russia's Gazprom for undelivered natural g...
Russia has this year become the second most important supplier of coal to China, the head of oil giant Rosneft Igor Sechin announced at the Russia-Chin...
EU lawmakers are looking for legal ways to confiscate Russian assets that have been frozen as part of Western sanctions and to use these to help Ukrain...
The Russian fast-food chain Vkusno i Tochka, (Just Tasty), formerly McDonald's, will begin selling versions of a 'Happy Meal' that offers books instead...
Russian gas export to China via the so-called eastern route, the Power of Siberia pipeline, should be steadily increased, according to Huang Yongzhang,...
Austria unveiled emergency measures on Tuesday to secure food and other essentials for people in the event of blackouts this winter.The plan, published...
Germany still has no way of completely replacing Russian natural gas, even after reaching a supply agreement with Qatar, the chairman of the Bundestag ...
Tesla and Twitter boss Elon Musk has called on the US Federal Reserve to slash the key interest rate as soon as possible in order to avoid a severe rec...
Inflation in the euro area has not peaked and is likely to surge even higher than currently expected, European Central Bank (ECB) President Christine L...
The UK government is removing China General Nuclear (CGN) from the Sizewell C project in what will be the first direct state funding of a new nuclear p...
The total daily volume of crude shipped from Russia rebounded to 2.89 million barrels in the seven days to November 25, with the EU’s price cap deadlin...
Moscow and Beijing are developing a system of settlements which could allow cross-border transactions without using the Western financial messaging sys...
Russia is discussing the creation of a “gas union” with Kazakhstan and Uzbekistan, allowing the three countries to coordinate their supplies and make g...
India has bought about 40% of all seaborne Russian Urals grade oil capacity in November, Reuters reported on Monday citing its calculations based on Re...
Leading cryptocurrency lender and financial services firm BlockFi filed for Chapter 11 bankruptcy protection on Monday, becoming the latest company in ...
The Eurasian Economic Union (EEU) is interested in setting up a common payment system with BRICS nations, the newspaper Izvestia reported on Monday. Th...
The demand for Russian wheat exceeded supply by nearly 65% on the first trading day of the newly-launched Egyptian Mercantile Exchange (EMX), Egypt’s i...
Russian energy major Gazprom is planning to shutter the Nord Stream gas pipelines and compressor stations, the Kommersant newspaper reported on Monday ...
Russian energy giant Gazprom said on Monday it had received payment from Moldova for November gas supplies, scrapping previous warnings of reduced deli...
Global oil prices dropped to their lowest level since the start of the year on Monday, November 28, amid falling demand concerns.Brent crude was down $...
A growing number of Germans are being forced to cut their spending due to inflation and soaring energy costs, a survey by consumer behavior and market ...
There’s a tendency to see economic challenges as temporary and quickly reversible, but this time the world is headed for a profound economic and financ...
Moscow and Tehran have signed a memorandum of understanding for Iranian car exports to Russia valued at $300 million, the head of Iran’s association of...
The Italian government is planning to apply a 50% windfall tax to the income that energy companies have received due to the rise in global oil and gas ...
EU governments have been unable to agree on a proposed price cap for seaborne Russian crude oil as of Monday, diplomats told Reuters. Poland and some B...
Ghana’s vice president, Mahamudu Bawumia, revealed this week that the government wants to pay for oil imports with gold instead of US dollars. He expla...
One in four German companies is considering moving production to other countries amid the energy crisis, Tanja Gönner, CEO of the Federation of German ...
New user signups on Twitter have hit an “all-time high,” the social media platform’s owner, Elon Musk, said in a tweet on Saturday.According to slides ...
Imports of Russian gold into China in October amounted to 2.16 tons, marking a seven-year high, business daily RBK reported this week, citing data from...
The Egyptian Mercantile Exchange (EMX), which is set to open on November 27, will begin with Russian wheat being offered, the country’s deputy minister...
Severe droughts in California, the leading US agricultural state, have resulted in crop revenue losses of at least $3 billion over the past two years, ...
Food prices in Sweden have jumped by 20% this year, while electricity bills have more than doubled, data released by the country’s Consumer Agency show...
Soaring inflation has driven up American household spending, CNBC reported this week, citing a Moody’s analysis of October inflation data. According to...
The Faroe Islands, an autonomous territory belonging to Denmark, has renewed a fishing quota deal with Russia, its Fisheries Minister Arni Skaale annou...
The crash of the FTX exchange has made regulating the cryptocurrency industry a more urgent matter, according to the new chair of the global securities...
Washington has banned the import and sales of new telecommunications equipment from China’s largest manufacturers due to “an unacceptable risk” they al...
Russia has risen to fourth place among the world’s largest economies in terms of foreign exchange reserves, RIA Novosti calculations published on Satur...
