Business
IMF sharply raises Russia’s economic growth forecast
The International Monetary Fund expects Russia’s GDP to grow 3.2% this year, significantly more than the UK, France and Germany
Japan to retain oil and gas interests in Russia
Japan intends to retain its stakes in Sakhalin-1 and Sakhalin-2 oil and gas projects, the foreign ministry has said
IMF lambasts US over ballooning debt
The unsustainable rise of the US national debt is posing risk for the global economy, the International Monetary Fund says
Russian seaborne oil shipments hit 11-month high – Bloomberg
Seaborne exports of Russian crude surged to an 11-month high in the second week of April, Bloomberg has reported
Siemens boss downplays Germany’s China decoupling plans
German manufacturers would need decades to reduce their dependence on China, the Siemens chief financial officer has told the FT
Tesla axing more than 10% of workforce – media
The layoffs come as the electric carmaker prepares for “the next phase of growth,” CEO Elon Musk said
Sales of low-alcohol drinks surging in Russia – data
Russia’s alcohol and tobacco regulator has released new quarterly data about sale of spirits in the country
US ban on Russian metals ‘cuts both ways’ – Kremlin
New Western sanctions against Russian aluminum, copper, and nickel are a weapon that “cuts both ways,” Moscow says
UK won’t seize Russian money – Politico
Britain may never confiscate frozen Russian assets despite pledges, as such a move would have massive legal ramifications, experts warn
Apple loses top phone maker spot to Asian rival – data
Samsung has regained the top spot as the world’s top smartphone maker in terms of sales, data shows
German leader backs open EU market for Chinese cars
German Chancellor Olaf Scholz has spoken in favor of opening the European market to Chinese automakers as long as they compete fairly
EU nation may halt Russian gas imports by 2028 – media
Austrian Energy Minister Leonor Gewessler has reportedly prepared a bill to stop purchasing Russian gas in four years
US bans Russian metals
The US and UK have limited trade and banned the import of Russian aluminum, copper and nickel
US airlines decry ‘unfair’ competition by China
US airlines urge President Joe Biden’s administration to stop approving additional routes for Chinese carriers
EU criminalizes sanctions busting by member states
The European Council has adopted a new law that tightens sanctions enforcement
Apple bows to pressure to update security notice – Reuters
India has reportedly forced Apple to change the wording of its warning notices