Business
Russian gas was a ‘blessing’ for German economy – MP
Berlin should resume importing energy from Russia despite the situation in Ukraine, German politician Anton Baron says
Italy launches $550 million Airbnb case – media
Italian authorities have challenged US group Airbnb for failing to pay over half a billion euros in taxes, local media report
Russian economy rebounds past pre-sanctions level
Despite Western restrictions, Russia has seen its GDP grow by nearly 5% year-on-year in the second quarter, according to Rosstat
Elon Musk to hold Twitter fire sale
Twitter logo signs and other pieces of company memorabilia are set to be auctioned following the platform’s rebranding
Russian tech giant returns home
VK Group has decided to move its business to Russia and delist from the London Stock Exchange, the company has announced
World rice prices near 15-year highs
Concerns over global rice supply in the wake of shipment bans and adverse weather conditions have sent prices to 15-year highs
US extends permission to pay taxes in Russia
Washington has eased some of its anti-Russia restrictions, allowing US nationals to pay taxes in the sanctioned country
Germany faces years of gas supply anxiety – storage operators
Germany remains at risk of gas shortages until 2027, storage operators warn
Russian energy revenues higher than last year – Handelsblatt
Russia’s income from exporting oil and gas topped last year’s figures for the first time in 2023 in July, German media reports
EU sanctions on Russia could grind German industry to a halt – MP
The EU’s anti-Russia sanctions should be lifted due to their devastating effect on the German economy, Uwe Schulz says
Russian oil remains top choice for major Asian economies
India and China continued to buy most of their oil from Russia, OPEC data shows
EU hit with gas price shock
Natural gas prices in the EU hit their highest level since mid-June on Wednesday, trading data shows
Ruble among three worst performing currencies – Bloomberg
The Russian ruble has slid by over 20% this year and is now among the worst performing emerging-market currencies, Bloomberg reports
Domestic company worth more than EU state’s entire GDP
Denmark’s Novo Nordisk has become the EU’s second-largest company by value after an obesity drug study sent its shares soaring
US credit card debt tops $1 trillion – report
Americans have accumulated more credit card and car loan debt over the past decade than ever before, the New York Federal Reserve Bank says
Russia could regulate video game ‘currencies’
Convertible video game currencies should be regulated due to a surge in criminal transactions in the market, a Russian watchdog says