As per a report from the Sunday Telegraph, Britain could build up to 7 new nuclear power stations as part of a response to energy security stemming from Russia’s invasion of Ukraine, said British Business Secretary Kwasi Kwarteng. “There is… Read More ›
The World Trade Organization (WTO) has lowered its global trade growth prediction for this year due to the Ukraine conflict. The prior prediction of 4.7 percent growth has been lowered to 2.5 percent owing to “the impact of the war… Read More ›
The US economy added slightly fewer jobs than predicted in March, as the labour market tightened amid rising inflation and fears of an approaching recession. The Bureau of Labor Statistics reported Friday that nonfarm payrolls increased by 431,000 for the… Read More ›
According to newly disclosed US information, Russian President Vladimir Putin believes he was misled by military officers who withheld vital details about the disastrous invasion of Ukraine for fear of angering him, according to top Biden administration officials. “We believe… Read More ›
Chinese exports to Russia have been hampered by the rouble’s fluctuating value, demonstrating the ripple impact of Western sanctions over Russia’s invasion of Ukraine in China, despite Beijing’s diplomatic support for its neighbour. Smaller Chinese companies are particularly exposed to… Read More ›
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 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 ›
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