Business
Red wine losing appeal in Russia
Russians are switching from red wine to white and rosé, the food quality watchdog reports
Russian oil exports higher than before Ukraine conflict – deputy PM
Russia’s oil exports are higher this year than before the start of the military operation in Ukraine, first deputy prime minister has said
UK likely in recession – data
Britain is at risk of an economic downturn after growth was revised down
Russia's key ally to hike rates for oil transit to EU
Belarus plans to raise the tariff for the transit of Russian crude by 10% in 2024
China seeks exemption from US sanctions for Russian LNG – Reuters
China’s CNOOC and CNPC have reportedly asked the US government to exempt a Russian LNG export plant in the Arctic from sanctions
Germany equates Russia to Seychelles
Berlin has added Russia to the list of countries considered tax havens, according to an announcement in the German Federal Gazette
Ocean freight rates skyrocket – CNBC
Shipping companies have been rerouting billions worth of cargo away from the Red Sea amid the risk of Houthi attacks
Russian oil imports by NATO state hit historic high
Türkiye has been boosting purchases of discounted crude and refined products from Russia
Disney’s woke virus threatens US movie industry
The Walt Disney Company’s dramatic stock drop has coincided with the entertainment giant’s commitment to diversity, equity, and inclusion
German businesses in bad mood – survey
The German economy will continue to contract in the second half of 2023 with the industry under pressure from waning demand, economists say
US threatens to cut off international banks over Russia ties
A new White House executive order targets lenders outside US and EU jurisdictions helping Russia source sensitive items
Russia rules the waves: While the West is suffering losses from maritime trade, Moscow's volume is increasing
Attacks on ships navigating the vital Red Sea route could reshape the balance of power in global commerce
Another EU state ramps up gas purchases from Russia – media
Belgium boosted imports of Russian LNG in October after five months of reduced purchases, RIA Novosti reports, citing data
Billions in cargo diverted amid Red Sea disruptions – CNBC
The diversion of crude shipments around Africa after Houthi rebel attacks could lead to a global supply crisis, experts say
Crypto pressure on Russians will increase – ex-Binance boss
The US will reportedly continue to tighten the squeeze on Russian cryptocurrency users, according to former Binance boss Vladimir Smerkis
Argentina unveils ‘shock therapy’ reforms
Argentine President Javier Milei has outlined sweeping reforms including the privatization of state companies and an end to price controls