Business
Ocean freight rates skyrocketing – WSJ
The shipping crisis in the Red Sea due to Houthi attacks is threatening the global supply chain
2024 could be the year of Türkiye’s economic resurgence
As the US contemplates interest rate cuts, this year could be bullish for emerging markets such as Türkiye
Apple pays 1.2bn ruble fine in Russia
Apple has reportedly settled a fine in Russia imposed by the country’s antitrust regulator
West faces $300bn loss for seizing Russian assets – RIA
The West could lose hundreds of billions of dollars’ worth of investments in Russia’s economy if it confiscates Moscow’s frozen funds
Last Russian restaurant closes in Washington
Mari Vanna, a restaurant serving Russian cuisine in Washington DC, said it is closing after more than a decade in business
Tesla sales ‘booming’ in Ukraine – Le Figaro
Ukraine is seeing an import boom of electric cars, particularly Teslas, with imports having surged nearly tenfold since 2021
Boeing stock sells off on new inspections
The US aviation regulator has advised carriers to inspect an older version of the Boeing 737 following the MAX 9 incident
ECB staff see Lagarde as bad leader – poll
Over half of the staff at the European Central Bank who responded to a survey believe Christine Lagarde is a poor central banker
Huawei moves to totally abandon Android
Chinese tech major Huawei is planning to roll out a developer version of its own operating system this year
Nearly 5,000 Brits froze to death last year due to heating costs – study
Excess deaths in the UK surged last winter due to living in cold and damp homes, a report from the End Fuel Poverty Coalition has revealed
Russian oil supplies to China jumped 24% in 2023 – data
Russia overtook Saudi Arabia as China's biggest oil supplier last year
Can yuan replace dollar in global trade?
More and more countries are turning away from the US dollar in favor of the Chinese currency to settle trade
Shoemaker endorsed by Roger Federer under fire over markups and labor practices
Switzerland-based sportswear manufacturer On faces scrutiny over pricing tactics and ethical concerns
AI threatens jobs worldwide – IMF
Almost 40% of global employment is reportedly exposed to artificial intelligence
Russia could control 30% of global wheat exports – French FM
Stephane Sejourne says France would be hit by inflation and a food crisis if Moscow were to win the conflict with Kiev
Russian gas operator names cause of terminal blaze
The fire at Novatek’s Baltic Sea gas terminal was the result of external action, the company has said