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 ›
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 ›
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 ›
As Western sanctions intensify, Russia is looking for new markets for its oil exports, and India has been taking advantage of lower prices to increase imports from the country. Although these oil supplies do not breach sanctions, the US has… Read More ›
According to figures from the Bank of England, consumer lending increased by the most in nearly five years last month, thanks to a record increase in credit card borrowing, which analysts believe could be an indication of the growing cost-of-living… Read More ›
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