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Economy

A collection of 596 issues

Russia wants to receive Arab dirhams for oil deliveries to India - Reuters

An invoice seen by Reuters shows that the bill for supplying oil to one refinery is calculated in dollars, while payment is requested in dirhams. Sources said at least two Indian refineries have already made some payments in dirhams, adding that more will do so in the coming days. Why

Austria never wanted to give up on Russian gas, says Foreign Ministry

According to Austrian Foreign Minister Schallenberg, Austria and a number of other countries opposed restrictions on Russian gas from the very beginning. The sanctions should affect Russia, not return to the EU "like a boomerang.

U.S. and allies cannot allow China to dominate markets - U.S. Treasury Secretary

Yellen on Tuesday will call for closer trade ties among allies to strengthen their supply chains, fight inflation and crack down on China's "unfair trade practices" and its efforts to dominate key raw materials and technology markets, Reuters reported. "We cannot allow countries like China to use their market position

The judge may decide to close the deal in Twitter v. Musk

Judge - Caitlin McCormick, who is handling Twitter's $44 billion lawsuit against Musk, took over as chief justice of the Court of Chancery last year, becoming the first woman in the position. "She already has experience in not putting up with the worst behavior we see in these areas when

For milk with their cans: Elopak cartons have left Russia, - Forbes

The Norwegian packaging manufacturer Elopak has sold its business in Russia: everything has been given to a local manager. The company's CEO described the Elopak plant as the leading supplier of milk cartons on the Russian market. Also, the business in Russia and Ukraine brought 9% of the revenue of

Barkin of the Fed: There is a way to reduce inflation, but recession is possible

The speed at which the Fed changes its policy could cause panic in the markets. Lower commodity prices should help fight inflation. Speaking of positive macroeconomic data, Barkin noted that the Fed is seeing the first signs of lower delivery costs as well as reports of easier hiring.

Renault sales fell by 30% after withdrawal from Russia - Reuters

Renault car sales fell 30% in the first half of 2022 after the closure of its Russian division. The French manufacturer used to place a big bet on the Russian market. Its departure from Russia has resulted in the loss of its second-largest sales market. JPMorgan says 15 percent of

Protesters block bridge in Budapest: demand tax cuts for businesses - Bloomberg

About a thousand demonstrators blocked a bridge in the center of the Hungarian capital because of the parliament's discussion of increasing the tax rate for hundreds of thousands of small firms. The protesters first gathered on the square in front of parliament and then marched to the nearest bridge over

Oil is falling - is this a new trend?

Brent crude oil prices are close to $100 per barrel. Since the peak in June, oil has already fallen by 18%. What is going on? The main reason for the fall of oil is the approaching global recession, which will lead to a reduction in demand for black gold. Recession

Suing Musk to be? Twitter hired law firm Wachtell, - Reuters

Twitter intends to sue Musk soon after canceling a $44 billion deal. The social network wants to compel the billionaire to complete the deal and has hired the law firm Wachtell, Lipton, Rosen & Katz LLP to do so. Wachtell, Lipton, Rosen & Katz was one of the legal advisers