Business
Russian fuel exports soaring
Shipments of Russian refined fuel have recovered after an export ban was lifted, data shows
Global trade in jeopardy amid crises at key waterways – FT
Disruptions to the Panama and Suez canals are threatening global supply chains, Financial Times reports
Russian trade with West forecast to plunge
Trade between Russia and ‘unfriendly’ countries has decreased threefold since 2021 and is on course for a further decline, research shows
China posts fastest deflation in three years
The consumer price drop in China worsened last month, putting its post-pandemic economic recovery in jeopardy
Can Milei’s ‘shock therapy’ fix Argentina’s economy?
Argentina’s president-elect Javier Milei has a radical plan to rescue the country’s beleaguered finances
Americans running out of savings – JPMorgan
Most US consumers have drained the money they put away during the Covid-19 pandemic, JPMorgan bank warns
You can leave your cap on: G7’s oil embargo backfires, fueling Russia’s resilience
Moscow’s oil revenues have increased despite the imposition of a price cap on its crude exports by Western states
EU mulls relaunching WTO case against US – Bloomberg
The EU is reportedly considering challenging US steel and aluminum tariffs at the World Trade Organization
Russia to launch year-round LNG shipments via Arctic – operator
The Northern Sea Route operator has announced the LNG deliveries to Asia will start in January
Japanese GDP plummets
Japan’s economy is contracting amid stubborn inflation and weak corporate investment, data shows
EU may allow member states to ban Russian gas – FT
Brussels may allow EU nations to unilaterally cut off Russia’s access to local gas infrastructure, the Financial Times reports
US urges G7 to tighten enforcement of Russian oil sanctions – media
The US Treasury is seeking to increase the costs Moscow pays to run its alleged ‘shadow fleet’ of oil tankers, Axios reports
Russia's richest man eyes abandoned Western assets
The exit of foreign companies from Russia offers domestic businesses great opportunities for investment, Vladimir Potanin says
Cold weather causes surge in EU gas consumption
Natural gas stocks in the EU’s underground storage facilities are shrinking due to increased consumption amid colder weather, data shows
Sharp unexpected fall in German industrial orders reported
Factory orders in Germany dropped in October amid high energy costs and weak global demand, official statistics suggest
‘Let’s see them try to call Russia a gas station’ – Putin
The Russian economy has been growing largely due to non-energy-related sectors, President Vladimir Putin says