In a statement Belarusian Prime Minister Roman Golovchenko said, Western sanctions have blocked $16 to $18 billion worth of its annual exports to the European Union. Belarus has been hit by sanctions by the West after Russia sent troops into… Read More ›
Shell has agreed to sell almost 400 of its petrol outlets in Russia to Lukoil, the country’s second largest oil company. Shell Neft, the company’s Russian business, will be sold for an unknown amount. Following Russia’s invasion of Ukraine, many… Read More ›
Analysts have warned that the possibility of a recession has increased after the UK economy fell in March, just as the country was recovering from the pandemic. Higher prices are “starting to bite,” according to the UK statistics authority, with… Read More ›
As per a report from ANSA news agency, pro-Russian hackers have attacked websites of several Italian institutions, including the senate. A hacker group called “Killnet” has claimed responsibility for attacking Italy’s National Health Institute (ISS) as well as the Automobile… Read More ›
Finland’s President Sauli Niinisto is expected to give a go-ahead to Helsinki joining the NATO military alliance, marking a major shift in security policy. Finland, which shares a 810 mile (1,300 km) border with Russia, has gradually stepped up its… Read More ›
According to reports quoting trade sources, India exported a record 1.4 million tonnes of wheat in April, bringing some relief to grain markets as buyers hunt for alternatives to Black Sea supply hit hard by the Ukraine conflict. The first month… Read More ›
Malaysia’s commodities ministry has proposed halving the export tariff on palm oil to help alleviate a worldwide edible oil shortfall and boost the country’s market dominance. In an interview with Reuters on Tuesday, Plantation Industries and Commodities Minister Zuraida Kamaruddin… Read More ›
At least 3,000 people have died in Ukraine as a result of a lack of access to chronic disease medications, according to the World Health Organization’s European leader. According to Hans Kluge, a WHO official who spoke at a regional… Read More ›
SoftBank Group Corp of Japan is expected to disclose a devastating loss at its Vision Fund investment unit on Thursday, according to analysts, after investors sold off the fund’s high-growth firms on concerns about their profits potential. With the technology… Read More ›
According to Copley Fund Research, fewer than a fifth of actively managed developing market equities funds have reduced their exposure to Russian companies to zero, with a handful of funds unwilling to sell completely. After Western nations implemented sweeping sanctions… Read More ›
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