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The West hits Russia with fresh sanctions and raises tariffs on key commodities a year after the invasion of Ukraine
The US and G-7 partners announced sanctions Friday on 200 individuals and entities that are support…
Phil Rosen
Olaplex is hit with a new lawsuit as the hair care brand faces mounting scrutiny
Olaplex, a hair care brand touted by influencers, is facing lawsuits regarding its stock price drop…
Alex Bitter,Sindhu Sundar
A startup that earned ₹15 crore selling juices in India’s suburbs is now looking at international expansion
A startup named Groovy has earned ₹15 crore selling juices in India’s suburbs in the last 10 months…
Northern Europe has already slashed Russian oil imports by 90%, 2 weeks before the EU ban kicks in
In the four weeks to November 18, Russia shipped 95,000 barrels of crude a day to the port of Rotte…
Huileng Tan
Joe Biden says the West is banning imports of Russian gold to tighten the screws on Putin
Gold sales give Russia tens of billions of dollars a year, the President said, while the UK said th…
Ryan Hogg
The ruble hits 7-month low versus the dollar as sanctions and trade restrictions weigh on Russia's currency
The ruble has fallen to its lowest level against the dollar since May, a sign that restrictions on …
Jennifer Sor
Maggi may make a comeback soon as Nestle India appoints Suresh Narayanan as new MD
Presently, Narayanan is the chairman and CEO of Nestle Philippines. As per the company statement, N…
Russia is reaping bumper revenue from oil and gas sales but Iran and Venezuela should serve as cautionary tales for Moscow's energy industry
Iranian and Venezuelan oil production went into freefall and their energy industries slid into decl…
Huileng Tan
Maggi will be back in December!
Production of Maggi noodles has, reportedly, resumed in Karnataka, Punjab and Goa. Maggi noodles wa…
The EU ban on Russian oil and the $60 per barrel price cap is costing the Kremlin over $170 million a day, think tank says
Russia is losing $170 million a day after the latest sanctions, and losses could mount to $300 mill…
Jennifer Sor
China and India now account for about 50% of Russia's seaborne oil exports, as Asian demand props up Moscow's energy revenues
While China's imports from Russia have remained constant, India's buying has ramped up, according t…
Huileng Tan
Russia is sending more oil to Asia as China and India continue to snap up cheap barrels, bolstering Moscow's revenues despite EU sanctions
Russia has boosted oil shipments out of Kozmino by 20% and is also sending more crude to the major …
Huileng Tan
Europe's plan to cap the price of Russian oil hits a wall as Poland reportedly insists on $30 a barrel
Poland, Lithuania and Estonia want a limit of $30 a barrel on Russian seaborne crude, putting the E…
Zahra Tayeb
Fixed deposits back in vogue as crypto, stock market get hit by global headwinds
Not very long ago millennials investors were taking a dig at ‘baby boomers’ for keeping fixed depos…
Russia is ready to cut its oil output by 7% early next year to hit back at the EU-led price cap
Russia is looking at reducing its oil production by up to 700,000 barrels a day early in 2023, its …
George Glover
Russian oil exports plunged 25% last week, providing Putin with less revenue as he launches a new offensive against Ukraine
The week leading up to April 15 saw roughly $181 million in oil revenue, compared to $240 million t…
Phil Rosen
Nestle is ready to take on Patanjali with 25 new products
It is also claiming that it has won back 55.5% share in the instant noodles market as against the 7…
The EU has a Russian gold ban in its sights as it hammers out its next round of sanctions: report
Russia is the world's second-largest gold miner, with $15.5 billion in annual exports, and the goal…
George Glover
Russian imports have plunged on the back of the Ukraine War but revenue from its oil and gas exports has more than made up for it
Russia's current account surplus reached $58.2 billion in the first quarter of this year — a …
Huileng Tan
Russia's windfall from high energy prices in 2022 is 'starting to wear out,' but it's still making $687 million a day despite the EU ban, new research shows
The sanctions slashed Russia's fossil fuel revenues by about $172 million a day — revenues we…