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1 min read

Russia sees 'decades' of Western economic sanctions ahead, official says

Russia sees "decades" of Western sanctions ahead, a foreign ministry official said. The country is …

Kelly Cloonan   


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2 mins read

Russia's war-driven economic growth is a mirage, and more sanctions are needed to keep pressure on, European finance ministers say

"When taking a closer look at the signals, it becomes clear that everything is not as rosy with the…

Filip De Mott   


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3 mins read

The 4 forces that will challenge the dominance of the dollar, according to economic researchers

The dollar's dominance in financial markets has slipped, with the greenback accounting for less tha…

Jennifer Sor   


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2 mins read

Centre has sanctioned Rs 21,253 crore to tackle Kerala's economic crisis, MoS for Electronics and IT reveals

Prime Minister Narendra Modi has come forward to assist Kerala in a bid to alleviate the state from…

ANI   


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2 mins read

The Kremlin is really annoyed about the debate

The Kremlin isn't happy with the way Vladimir Putin's name was used during the presidential debate …

Mikhaila Friel   


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5 mins read

Harris and Trump face off for the first time tonight, but some corners of the business world are already over it

Kamala Harris and Donald Trump will face off on the debate stage at 9 p.m. ET, but some investors v…

Dan DeFrancesco   


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2 mins read

Russia's 'overheating' economy will face a sharp slowdown next year as labor and sanctions crush momentum, central bank says

Russia's central bank projects that the economy's expansion will slow sharply to 0.5% to 1.5% in 20…

Filip De Mott   


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2 mins read

Some Chinese banks are so fearful of sanctions that they're returning payments for goods that have reached Russia, report says

The US Treasury and State Department recently announced fresh restrictions against 400 people and e…

Huileng Tan   


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2 mins read

Russia has expanded its shadow fleet that it uses to evade oil sanctions, think tank says

Russia added 74 ships to its secretive fleet of shadow tankers, according to a new report from a Uk…

Jennifer Sor   


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3 mins read

Russia could turn on Putin as the nation's economic strength wanes and sanctions keep tightening, economists say

Russia's economy has been resilient but that could change this year, and Putin could lose the suppo…

Jennifer Sor   


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2 mins read

S&P 500 caps off its best week of the year after strong economic data

The S&P 500 rose 3.9% over five days as major indexes reversed the sharp sell-off earlier this mont…

Max Adams   


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2 mins read

Russian inflation will soar even higher as sanctions spark another surge in gas prices, British intelligence says

Inflation in Russia is "highly likely" to remain above target through the rest of 2024, the UK Defe…

Jennifer Sor   


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3 mins read

China's Communist Party begins key meet to stem economic slowdown, following 4.7% dip in GDP

China's GDP dipped to 4.7 per cent in the second quarter, the government said on Monday, as the rul…

PTI   


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1 min read

China's yuan is tumbling amid US sanctions and as central banks boost dollar holdings

China's yuan fell to its lowest value against the ruble in a year as holders eye the impact of sanc…

Jennifer Sor   


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Russia's biggest private lender is expanding to China after being hit by US sanctions

The bank, owned by the Russian oligarch Mikhail Fridman, is looking to build new offices in China B…

Jennifer Sor   


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2 mins read

Fear of China is behind India's exuberant display of friendship with Vladimir Putin

India hopes Russia can serve as a buffer between an increasingly aggressive China.

Tom Porter   


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2 mins read

New US sanctions take aim at Iran's 'sprawling' network of shadow banks fueling Russian and Houthi operations

Nearly 50 entities and individuals were sanctioned on Tuesday for funding an illicit network in Ira…

Filip De Mott   


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3 mins read

Turkey's Erdogan wants to play both sides in the Ukraine war. Putin isn't having it.

Turkey's President Tayyip Erdoğan has long been eyeing the role of peacemaker in Russia's war with …

Huileng Tan   


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2 mins read

Russia's frenemy China is quietly trying to dampen Putin's influence

China has massively boosted its economic and political influence in Central Asia while Russia's bee…

Tom Porter   


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2 mins read

The US and the West are facing the blowback of sanctions against Russia, economist says

The US may have opened a "Pandora's box of unintended consequences" by imposing sanctions on Russia…

Jennifer Sor