Business
British economic contraction worse than expected
GDP fell 0.3% in October for the UK after economists forecast a slight decrease of 0.1%
Russia not to blame for EU energy crisis – Putin
Claims that Russia has stopped natural gas supplies to Western Europe are “complete nonsense,” President Vladimir Putin has said
Putin calls for revival of Russian auto industry
Russian President Vladimir Putin wants domestic carmakers to take advantage of the exodus of Western brands
US ‘most likely’ blew up Nord Stream – Putin
The Russian president says the US or its allies are probably behind the sabotage of the Nord Stream pipeline
Putin hits out at new Argentine president’s dollarization plan
Javier Milei's plan to ditch the peso for the US dollar would lead to a loss of sovereignty, President Vladimir Putin has warned
West ‘shooing itself in the foot’ with sanctions – Putin
Western restrictions have increased the use of national currencies in Russia’s foreign trade, the president said
Russian GDP growth to hit 3.5% – Putin
Russian President Vladimir Putin has said the country’s economy is expected to grow despite Western pressure
World trade suffering decline – UN
International commerce has been hit with a range of negative factors and will continue contracting in 2024, the UN’s trade body says
Russia brings AI to farming – report
AI-assisted tractors have started operating in Russia on a large-scale basis, TASS reports
Ukraine connection lost: Who’s behind the biggest cyberattack ever?
Ukraine’s mobile network Kyivstar was hit by a major hacker attack, with millions of customers losing mobile phone and internet service
EU won’t stifle gas revenue – Moscow
EU plans to give its members the power to halt Russian gas imports will fail, Foreign Ministry spokeswoman Maria Zakharova says
World’s new top opium producer revealed
Political turmoil in Myanmar has contributed to a nearly 20% rise in opium production there, according to a UN report
Champagne sales in France fall 20% in a year – media
The French are switching to less expensive sparkling wines as the price of champagne skyrockets
Panama Canal drought hampering global trade
Dropping water levels at the Panama Canal are disrupting global shipping, Reuters has reported
Swiss banks charging Russians for frozen accounts
Swiss financial institutions are charging fees on blocked Russian funds which sometimes accrue interest years in advance, Vedomosti reports
Eurozone to enter recession – Bloomberg
Economic growth in the euro area has been negative for two straight quarters due to a slowdown in Germany, Bloomberg has reported