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3 mins read

India imported USD 2.8 bn worth of crude oil from Russia in July

India, the world's third largest oil consuming and importing nation, in July bought USD 2.8 billion…

PTI   


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2 mins read

Some Russians are spending like no tomorrow with 'considerable' overheating in the economy

Russia's central bank hiked interest rates from 16% to 18% to cool its overheated wartime economy.

Huileng Tan   


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5 mins read

She grew up in Ukraine, studied accounting, and joined the army. But since Russia invaded, she did a hard career pivot — twice.

The war has created a big need for blue-collar workers in Ukraine. Women, like 32-year-old Yuliia …

Shubhangi Goel   


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2 mins read

Russia's economy faces a demographic disaster and risks seeing its population reduced by half by the end of this century, think tank says

"Putin's government has not evinced visible concern that Russia's population might be cut in half b…

Jennifer Sor   


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1 min read

Russian banks say they're run out of yuan as Chinese firms pull away from the nation

Payment scuffles between Russian companies and Chinese banks have escalated in recent weeks, with C…

Jennifer Sor   


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2 mins read

Russian businesses are locked out of billions as payment issues reportedly pile up abroad

Russia's foreign financial assets grew $45 billion this year, a sign payment delays are piling up a…

Jennifer Sor   


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2 mins read

Stock market today: Stocks close mixed as investors gear up for major Fed rate decision

Though the S&P 500 briefly touched a new record, equities were mixed as investors remain split over…

Filip De Mott   


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2 mins read

Stock market today: Tech drives market rebound as investors brace for earnings and fresh data

Of the 14% of S&P 500 companies that have reported Q2 earnings results so far, 86% are beating prof…

Matthew Fox   


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2 mins read

Ukraine is taking out key bridges in Russia, isolating Russian soldiers on the wrong side of the river, analysts say

Ukraine is striking strategic bridges in Russia's Kursk region to create a 'buffer zone' and disrup…

Thibault Spirlet   


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2 mins read

Russians are spending big on travel and cognac. But the boom is just one 'last growth spurt,' says an analyst.

Russia's central bank has hiked the country's key interest rate to 18% to cool the overheated econo…

Huileng Tan   


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2 mins read

Stock market today: US stocks rise on solid earnings and in-line inflation reading

Fitch Ratings said the PCE data was a "double dose of good news" for investors as inflation data fi…

Matthew Fox   


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1 min read

Russian oil exports drop to lowest in 7 months amid OPEC cuts and sanctions

Russian oil exports are down as the country moves to comply with OPEC production cuts and sanctions…

Kelly Cloonan   


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2 mins read

The US is sending less natural gas to Europe, complicating Europe's plans to cut off Russian gas

Last year, Europe still imported about 15% of its total gas supply from Russia, with about 9% comin…

Huileng Tan   


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3 mins read

Gold boosts returns and lowers risk, while Bitcoin heightens volatility, says World Gold Council

Gold, a time-tested asset known for its stability, has long been a safe haven during market downtur…

ANI   


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2 mins read

Russian FX trading is almost entirely in yuan as sanctions restrict dollar use

The Chinese yuan takeover comes after sanctions halted trading in the dollar and euro.

Filip De Mott   


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2 mins read

Ukrainian POWs are being bought and sold on a Russian black market, report says

Chechen fighters have "bought" Ukrainian POWs from Russian forces so they can exchange them in thei…

Mia Jankowicz   


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2 mins read

Superyacht sales surge thanks to wealthy Americans amid Russian oligarchs' retreat

A total of 203 superyachts were sold globally in 2023 — a 17% drop from last year, according to the…

Geoff Weiss   


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2 mins read

There's a thriving Russian black market for Elon Musk's Starlink terminals, with the tech being sent far beyond Ukraine

A black market is enabling Russia to use Starlink terminals in Ukraine, according to The Wall Stree…

Mia Jankowicz   


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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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2 mins read

Stock market today: US stocks end higher to hit a 4-month winning streak as soft landing hopes rise

Looking ahead, investors will be eagerly awaiting the August jobs report, due out next Friday. Expe…

Matthew Fox