South Koreans are rushing for “revenge travel” – a term that has been popular on social media as people seek to schedule abroad trips that have been delayed due to coronavirus restrictions – after spending two years being socially isolated…. Read More ›
Analysts cautioned that if Russia’s deliveries are halted in a dispute over payment terms, Europe’s plans to build reserves and assure gas supplies for next winter might be thrown off. Russia generally supplies roughly 40 per cent of Europe’s gas,… Read More ›
As per sources, Tesla Inc has signed a nickel supply deal with Brazilian mining company Vale S.A. Following the Russian invasion of Ukraine, the price of nickel, essential to the making batteries for electric vehicles, has risen steadily. Recently, prices of… Read More ›
The Russian rouble has risen by 7% to 83 against the dollar before paring gains, touching heights that were seen before its invasion of Ukraine. The Russian stock market has gradually reopened after it was suspended. In offshore trade, the… Read More ›
As per two Russian sources, Moscow plans on keeping the contract currency for gas exports to Europe unchanged but will seek final payment in roubles as one of the options to switch the currency of gas trade. “Only payment currency… Read More ›
As per a report by Russian daily Kommersant, Russian energy giant Gazprom is weighing options to halt gas supplies to “unfriendly” countries and is evaluating possible consequences. Earlier, Russian President Vladimir Putin has said, Moscow will soon require “unfriendly” countries to… Read More ›
In a significant development, Gita Gopinath, the IMF’s First Deputy Managing Director, said, Western sanctions against Russia threaten to gradually dilute the dominance of the U.S. dollar and is likely to result in a fragmented international monetary system. “The dollar… Read More ›
The pandemic, global politics, and internal turbulence in the real estate business are among the challenges facing China’s lenders this year, according to five of the country’s top banks. In its annual results report on Wednesday, the world’s largest lender,… Read More ›
Because of a global jump in raw material prices, primarily lithium, Tata Motors, India’s top-selling electric manufacturer, stated the cost of battery cells had climbed by roughly 20%, placing pressure on the company in the short term. Cell prices have… Read More ›
Inflation has risen over the world as a result of rising energy prices, triggering cost-of-living difficulties in both established and emerging economies. Al Mazrouei expressed worry at the World Government Summit in Dubai, UAE, that the global focus on geopolitics… Read More ›
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