Business
Russia is a ‘gas pump with atomic bomb’ – Borrell
Top EU diplomat Josep Borrell called Russia’s economy a ‘dwarf’ due to its dependency on oil and gas exports
Half of Americans fear AI will steal their jobs – survey
A growing number of US workers are concerned about being replaced by robots and AI, a poll has revealed
Russians pick best foreign currency for savings
The Chinese yuan is the most popular foreign currency to keep for a rainy day among Russians, a survey has found
EU country’s food inflation tops 30% – El Mundo
Spanish food prices reportedly soared by 30.8% in July compared to the same month in 2019 before the Covid-19 pandemic
China’s struggling real estate giant files for bankruptcy protection
China Evergrande Group has filed for bankruptcy in the US in an effort to restructure its mounting debt
Russian investors sue EU clearing house
Asset holders in Russia have launched a class action lawsuit against Clearstream for blocking their funds
Premium booze maker step closer to leaving Russia – Kommersant
French spirits group Pernod Ricard is getting ready to close its headquarters in Russia, a local news outlet reports citing sources
Russia overtakes US to become Brazil’s top fuel supplier – Bloomberg
Moscow continues to ramp up exports of petroleum products, according to tracking data
China’s biggest banks offloading dollars – Reuters
Major banks in China were reportedly selling dollars to buy yuan this week to slow the national currency’s slide
Former Mercedes plant near Moscow to resume production – deputy PM
Car assembly at a former Mercedes-Benz factory near Moscow will start next year, the Russian deputy PM has confirmed
Saudi Arabia’s oil exports fall to 21-month low
Saudi Arabia, the world’s top oil exporter, has reduced crude shipments following a voluntary production cut, data has shown
Bitcoin makes sudden sharp fall
The price of Bitcoin saw a significant drop on Thursday, briefly dipping below $26,000 in an 8% single-day decrease
Germany faces shortage of skilled labor
German companies are increasingly short of skilled workers, according to the latest poll carried out by the Ifo Institute
Biggest UK weapons maker inks $5.6 billion purchase
British defense contractor BAE Systems has struck a deal to acquire Ball Corporation’s aerospace unit, FT reports
Ruble surges after interest rate hike
The Russian currency has strengthened after hitting a 16-month low against the US dollar and euro
Russia won’t tighten capital controls for now – Vedomosti
The Russian government has reportedly reached an informal deal with exporters on the sale of forex revenues to stabilize the ruble