Business
Russia mulls titanium and uranium export caps – deputy FM
Russia is considering a ban on exports of certain raw materials to the global market, Deputy Foreign Minister Sergey Ryabkov has warned
US hikes tariffs on Chinese goods
Washington has finalized new levies on billions of dollars’ worth of Chinese imports
Gold price soars to all-time high
Gold has jumped above $2,600 per ounce for the first time amid a global safe-haven rush
EU states slam IMF for resuming work in Russia – Politico
Several EU nations have reportedly criticized the International Monetary Fund over its decision to restart work trips to Russia
Russian central bank hikes interest rate again
The Bank of Russia has raised its key interest rate for the second time this year, citing persistent inflation
IMF backs BRICS expansion
The IMF has supported the expansion of BRICS, stating that initiatives aimed at “reducing fragmentation” in the world should be welcomed
Gaza’s economy ‘in ruins’ – UN
The war between Israel and Hamas has led to an “unprecedented decline” in the Palestinian enclave’s economy, a report finds
Western firms pulling back from China – reports
The Chinese market is losing its appeal as an investment destination for Western capital, lobby groups claim
Russia could restrict exports of strategic raw materials – Putin
Moscow could limit the supply of nickel, titanium, and uranium to the global market, Vladimir Putin has warned
Thousands of EU automotive jobs at risk – Bloomberg
Major European carmakers have been underutilizing some factories amid slowing demand for electric vehicles
EU reports ‘impressive’ gas supplies from Russia
European Commissioner for Energy Kadri Simson admits that the EU still relies heavily on Russian gas
Morgan Stanley predicts big fall for euro
Morgan Stanley expects the euro to slide toward parity with the dollar, dropping by at least 7% in value within months
Oil prices fall to lowest mark since 2021
Oil prices fall to lowest mark since 2021 as softening demand expectations by OPEC have weighed on global crude market
Eventual return to Russia unfeasible for Western carmakers – top official
Western car brands that quit Russia in 2022 are unlikely to be able to return despite retaining buyback options, a top official has said
EU court orders Apple to pay Ireland €13 billion
The US tech giant’s tax saga came as part of the bloc’s antitrust crackdown on multinationals
US debt payments top defense budget – Musk
Interest payments on the national debt have exceeded the entire Defense Department budget, Tesla and SpaceX CEO Elon Musk has said