Business
Musk loses title of world’s richest man – Bloomberg
Tesla CEO Elon Musk has lost his title as the world’s richest person to Amazon’s Jeff Bezos, according to Bloomberg’s Billionaires Index
BRICS to create blockchain-based payment system – Putin aide
BRICS countries plan to develop a new settlement mechanism which would use digital technologies, Yury Ushakov says
Women could ‘turbocharge’ global economy – World Bank
Closing the gender gap may boost world GDP, the organization has said
EU fines Apple $2 billion
The penalty follows an investigation into the iPhone maker after a complaint from streaming company Spotify
Ukraine names condition for continued Russian gas transit to EU
Kiev may continue to transit Russian gas to the EU after 2024 if countries in the bloc request it, the Ukrainian PM has said
Price of major food staple spikes 50% in EU
The cost of olive oil across the EU has skyrocketed over the past year, with all member states reporting spikes, according to Eurostat
Ukraine may ‘lose energy war’ – power producer to FT
DTEK CEO Maksim Timchenko has complained to the Financial Times about Russian attacks on the company’s property
Eurozone factory activity nosedives – S&P Global
The euro area’s downturn is reportedly being driven by the bloc’s struggling economic powerhouse, Germany
EU country stops imports of Russian oil
Bulgaria stopped importing Russian oil on March 1 prematurely scrapping its exemption from an EU ban, Novinite has reported
US pushing G7 members to devise ways to tap Russian frozen assets
US and its allies are looking for a “firm” legal rationale for them to confiscate frozen Russian assets, the US Treasury Secretary has said
Japan expands Russia sanctions
Tokyo has imposed restrictions on dozens of Russian entities, several individuals, and diamond supplies
Schizo world order: The West is willing to destroy its financial system to punish Russia
Western countries are putting perceived short-term gains ahead of a commitment to preserve the integrity of their financial institutions
Argentina seeks more cash from IMF – Bloomberg
The loan is expected to help President Javier Milei carry through plans to lift the country’s capital controls
Inequality rising in Russia – data
The income gap in Russia increased in 2023, with 10% of the population earning nearly 30% of total income, official data shows
Russia should stop hostile EU countries from cashing in on sanctions – official
Imports of wine and whisky to Russia via the ‘unfriendly’ Baltic nations must be stopped, presidential representative Sergey Ivanov has said
Russian economy becoming more sustainable – Putin
Most of Russia’s economic growth is now coming from non-resource-based industries, the president has said