Business
Architect of euro dies aged 98
Jacques Delors, a former head of the EU Commission and key figure in the creation of the EU’s single currency, has died in Paris, aged 98
Chinese tech giant rebounds from US sanctions
Huawei has persevered through the US’ technology ban to become one of the world’s largest chipmakers
Russia to begin supplying pork to China
Russian pork supplies to China will resume in 2024 after a 15-year ban, Rosselkhoznadzor has said
Russia’s oil supplies to EU drop 90% – official
The share of Russian oil supplies to the EU has fallen to about 4% this year, according to Deputy Prime Minister Alexander Novak
British-American cosmetics giant staying in Russia – Kommersant
US-based Avon has reportedly halted the sale of its business in Russia due to a steep exit tax
The most rich got even richer – 2023 statistics
Most of the world’s rich got even richer this year, the latest statistics show, with Elon Musk topping the billionaire list again
European gas prices surge
Tensions in the Middle East have jolted energy markets, sending gas futures in Europe soaring
Russian energy revenues recover to pre-Ukraine conflict level – Deputy PM
Proceeds from oil and gas sales boosted Russia’s budget by around $100 billion in 2023, according to Deputy Prime Minister Alexander Novak
Gazprom reveals huge increase in exports to China
Russian gas deliveries to China have surged 50% year-on-year, Gazprom CEO Aleksey Miller has said
Israel to ramp up military spending – Bloomberg
Israel is expected to boost its defense spending by more than $8 billion next year as the war in Gaza rages on
Iran’s ‘desert gold’ supplies running dry – FT
Poor weather conditions have reportedly more than halved saffron production in Iran, the biggest supplier of the spice
China slams US sanctions on Russian gas project
No third party should interfere in economic cooperation between other states, Beijing has announced
German car industry could be sold to Сhina – Putin aide
The Chinese car industry is rapidly expanding globally, Maksim Oreshkin has said
US ‘cannibalizing Europe’ – Putin aide
Sanctions on Russia have caused the EU to lose its energy security and a key export market, presidential aide Maksim Oreshkin has said
Shipping giant to resume Red Sea operations
Maersk says it will resume shipments through the Suez Canal now that the US and allies deployed naval ships to deter Houthi attacks
Russia’s crude oil processing soars – Bloomberg
Moscow has continued to increase its crude oil processing to record highs, according to a report