Late on Sunday, German Chancellor Olaf Scholz said, Germany is considering purchasing a missile defense system to shield against a potential Russian attack. “This is certainly one of the issues we are discussing, and for good reason,” said Scholz. He… Read More ›
Entrepreneurship
Sanctions Cause Russians To Panic And Buy Antidepressants And Sleeping Drugs
According to data revealed recently, Russians have hurried to stock up on antidepressants, sleeping pills, and contraceptives, among other things, since the conflict in Ukraine began, with many purchasing a month’s worth of medicine in just two weeks. Although official… Read More ›
Russia Turns East For Replacements As Western Retail Brands Quit The Country
An industry association warned on Friday that Russia is looking to China, India, Iran, and Turkey to fill the void left by the exit of western retail corporations, as Moscow struggles to find methods to counteract its growing isolation in… Read More ›
US clinches LNG supply deal with Europe
In a significant development, the European Union and the United States have signed a deal, which sees Washington supplying liquefied natural gas (LNG) to Europe. Russia’s invasion of Ukraine has pushed already high LNG prices to record high and has… Read More ›
Importers of Russian LNG studying details of Russian LNG supply demand
A day after Russia ordered LNG purchasers from unfriendly countries to pay for Russian LNG deliveries in Rubles, German utilities opined that Germany needed an early warning system to tackle any potential gas shortages raising the risk of a supply… Read More ›
Greece, Spain, Italy start limiting purchase of wheat & sunflower oil
In a significant development, supermarket chains in Greece have said, they have begun restricting how much flour and sunflower oil customers can buy, following a rise in worries on supplies stemming from the Russia-Ukraine conflict. The conflict has led to… Read More ›
US approves sale of M270 MLRS rocket launchers to Bahrain: Pentagon
In a statement the U.S. State Department said, it has approved the potential sale of M270 Multiple Launch Rocket Systems Upgrade and related equipment to Bahrain at an estimated cost of $176 million. The principal contractor will be the Lockheed… Read More ›
China’s move to establish military base in Solomon Islands concerning: Australia’s defense minister
On Friday, Australia’s defence minister said, China’s move to establish a military base in Solomon Islands would be of concern since it is a neighbouring island. The development comes in the wake of a draft security document between Beijing and… Read More ›
Asian Gas Purchasers Are Perplexed By Putin’s Demand For Payment In Rouble
On Thursday, Asian importers of Russian gas scrambled as Russian President Vladimir Putin declared “unfriendly” countries must pay in roubles for Russian gas, the latest jolt to global energy markets following Moscow’s invasion of Ukraine. On the list of unfriendly… Read More ›
India Has Put On Hold A Plan To Allow Domestic Companies To List On Foreign Exchanges: Sources
According to government officials and industry insiders, India has halted plans to allow local companies to list on foreign exchanges as it attempts to strengthen its own capital markets, dealing a blow to foreign funds and stock exchanges hoping to… Read More ›