Business
A great wealth transfer is underway: How the West lost control of the gold market
Pricing power in a market long dominated by Western institutional money is moving East and the implications are profound
Washington accuses Beijing of flooding world with cheap goods
US Treasury Secretary Janet Yellen says Beijing’s industrial subsidies undermine fair competition in the sector
China’s ‘incredible’ growth threatens American and EU economies – US trade chief
Katherine Tai has urged more China tariffs for a “market dynamic that is not playing out in our favor”
IMF weighs possibility of confiscating Russian assets
The unlawful seizure of immobilized Russian reserves could undermine the global financial system, the IMF has insisted
EU boosts gas purchases from Russia – Reuters
The share of Russian gas in EU imports jumped to 15% in 2023, largely due to increased LNG shipments, Reuters reports
Boeing output plummets as safety fears linger – Reuters
A wave of safety checks and Federal Aviation Administration audits has reportedly led to a drop in production of Boeing’s 737 MAX jetliner
Two more Moscow allies stop accepting Russian payment card
Risk of secondary sanctions by the US forces banks in Kyrgyzstan and Kazakhstan to stop accepting Russia’s popular Mir card for payments
‘Zelensky Vodka’ project fails
The producer of a vodka named after Ukraine’s President Vladimir Zelensky has gone bankrupt due to poor sales
Amazon hired 1,000 Indian workers to support flagging AI push – media
Amazon is set to ditch its self-checkout systems after having to hire people to support them, making the technology unprofitable
French supermarket giant suspected of major tax evasion in Russia – RBK
Federal Tax Service may additionally slap retailer Auchan with a nearly $2 million fine over suspected crimes, RBK says
Death of empires: The collapse of the US and what will follow is inevitable
The last phase of a great power’s decline seems to be accompanied by an economic shift to finance-driven capitalism
Washington eyes resuming LNG exports to facilitate Ukraine aid package – Reuters
US may end the pause on approvals of liquefied natural gas exports to get a Ukraine aid package
Russian oil heading to India despite sanctions – Bloomberg
Cargo vessels carrying Russia’s Sokol-grade crude oil continue to be shipped despite stricter enforcement of Western restrictions
Russia’s foreign debt fell by nearly 20% in 2023, data shows
Russia’s foreign debt fell by nearly 20% in 2023, Russia’s central bank reports, as country’s liabilities have been steadily decreasing
Boeing 777 diverted after toilet overflows into cabin
A Boeing pilot had to return to the airport in Frankfurt after the contents of a toilet leaked into the cabin
Oil prices hit highest level since 2022
Oil prices peaked at $89 on Tuesday as Iran threatened retaliation against Israel for an airstrike on its consulate in Syria