Business
Russians take Dubai real estate market by storm
Sanctions are prompting Russians to shift their investments from Western countries to Dubai, Bloomberg has reported
Only 10% of Western firms have left Russia – Austria
Austrian Foreign Minister Alexander Schallenberg said 91% of foreign companies operating in Russia before the Ukraine conflict remain
Huge withdrawal of capital from Switzerland to Middle East – media
Anti-Russia sanctions have led to massive exodus of assets from Swiss banks to the UAE
Ukraine goes on the attack against Mars
The Ukrainian National Corruption Prevention Agency declared PepsiCo and Mars war sponsors because of their business in Russia
Russia ditching ‘unreliable’ dollar in trade – Lavrov
Russia will develop economic cooperation with ‘friendly’ states in national currencies instead of the US dollar, Sergey Lavrov has said
Major EU economy sees jump in unemployment
Italy’s jobless rate rose to 7.6% in July after a period of steady declines
More German companies prefer to invest abroad – survey
German industry’s confidence in national energy policy has hit an all-time low, according to research by commerce chamber
EU energy prices surging
Electricity costs in the European Union are on the rise ahead of the heating season
EU official warns member states about Russian LNG
EU countries should completely stop purchases of Russian liquefied natural gas, European Commission spokesman Tim McPhie has said
Russian oil products pouring into EU – Politico
Kiev has cried foul over vast quantities of petroleum products, refined from Russian oil, flooding the global markets despite sanctions
European country issues gas-pipeline warning
The TurkStream pipeline that enables Russian gas-flows to Serbia and Hungary is a guarantee of energy security, Serbia’s president has said
British arms maker to launch production in Ukraine – Zelensky
The UK arms producer BAE Systems plans to localize the production of howitzers and fighting vehicles in Ukraine, Vladimir Zelensky says
Russia may unblock accounts of investors from ‘friendly’ countries – RBK
Russia’s central bank is reportedly working to simplify the access of ‘friendly’ non-residents to the country’s financial market
US expands microchip blacklist – Reuters
The US has added some Middle East nations to its ban on shipments to China of artificial-intelligence chips from Nvidia and AMD
German government eyes rent freeze
Landlords in Germany are facing a ban on rent hikes as part of a government plan to ease the cost-of-living crisis
Another EU state sliding into recession
The Swedish economy is contracting with its GDP down 0.8% in the second quarter due to weak consumption and exports, data shows