Business
China accuses US of ‘economic bullying’
US chip restrictions against China destroy supply chains and constitute “economic bullying,” the Chinese Foreign Ministry has said
Top oil exporter cuts prices – media
Saudi Arabia has slashed key crude prices for February for buyers in all regions, media outlets report, citing a statement
Production halted at Libya’s biggest oilfield
Libya’s National Oil Company declared force majeure at Sharara, the country’s biggest oilfield, due to protests
Oil prices may double – Goldman Sachs
If the current warring tensions in the Red Sea disrupt the Strait of Hormuz, prices for crude will surge 100%, a Goldman Sachs analyst says
Major oil producing country to cut imports of petroleum products
Iraq is planning to completely cease purchases of petroleum products this year, the Oil Ministry says
Germany remains top beer seller in Russia
Germany retained its position as the leading supplier of beer to Russia in 2022-2023, RIA Novosti reports, citing trade data
Markets experience hangover after Christmas rally
2024 set to be a year of market volatility, driven by interplay of economic indicators, regulatory challenges, and corporate performances
Russian officials reveal 2024 economic growth forecast – RIA
Growth of the Russian economy is expected to slow down this year, dragged down by hawkish monetary policies
Russia remains key oil and gas supplier to NATO state – media
Russia retained its position as Türkiye’s biggest energy supplier in 2023, increasing its share of the country’s oil and gas consumption
EU nation reports record number of corporate bankruptcies
France saw more than 55,000 firms close, marking the highest number since 2017, a report from the Bank of France shows
China tests first electric aircraft
An electric plane developed by a Chinese state-owned manufacturer has successfully completed its maiden flight, Xinhua has reported
New car sales skyrocket in Russia
Sales of new passenger cars in Russia saw year-on-year growth of 60% in 2023, the trade ministry says
China launches probe into EU brandy imports
Beijing begins an anti-dumping probe into imports of brandy from the EU following Brussels’ own probe into a “flood” of cheap Chinese EVs
EU nation to ban Russian LNG imports
Finland says it will work on a legal framework to ban imports of liquefied natural gas from Russia starting in 2025
Russian luxury automaker to start selling more affordable vehicles
Aurus will expand its range of vehicles with two models of a more affordable class, Russian Deputy PM Denis Manturov has announced
Germany’s economic downturn sees carbon emissions drop to 70-year low – report
A slump in industrial production in Germany has caused carbon emissions to drop to the lowest level in 70 years, a think tank has reported