Business
Italy confirms exit from China’s Belt and Road
Rome has informed Beijing of its plan to quit China's massive global infrastructure initiative, the Italian government has announced
Dominance of Western banks will end – Putin
The tech revolution will make the Western financial system obsolete in the coming years, Russian president says
Putin says Russia open for business
International companies willing to cooperate with Russia are always welcome, President Vladimir Putin has said
Russia will post 3.5% economic growth for 2023 – Putin
The Russian economy has already grown beyond levels recorded prior to the conflict in Ukraine, President Vladimir Putin says
Shut crypto down – JPMorgan boss
Top US banker Jamie Dimon says he would ban cryptocurrencies if he were in government
Russia-China trade hits all-time high
Economic cooperation between Russia and China has surged by more than a quarter since the start of the year, customs data shows
Majority in EU expect living standards to fall in 2024 – poll
The latest Eurobarometer survey reflects growing pessimism across the EU as the cost-of-living crisis worsens
Russian oil exports yielding more revenue than before Ukraine conflict – Bloomberg
Russia’s monthly revenues from oil exports are reportedly higher than before the start of the military operation in Ukraine
China downplays risk of EU ‘trade war’
China has invited EU member states to take part in its “mega market,” arguing it has not deliberately sought a trade surplus with Europe
Western sanctions have revived Russian industry – Mishustin
Sanctions have prompted Russia to develop its domestic aviation industry, including engines and avionics production, PM Mishustin said
Caribbean country embraces Russia’s alternative to MasterCard
Russian Mir cards can now be used at POS terminals in the Cuban cities of Havana and Varadero
Yuan benefiting from sanctions on Russia – tycoon
Western sanctions on Moscow have caused the global use of China’s currency to soar, according to Russian businessman Oleg Deripaska
Swiss bank helped US taxpayers hide billions
Geneva-based Banque Pictet has admitted to helping wealthy Americans avoid taxes, the US Department of Justice says
Russia and Vietnam ditching dollar in trade – banking major
Trade transactions carried out by Russia and Vietnam in national currencies have seen a fourfold surge this year, banking major reports
EU island nation bans Russian ruble transactions – media
The government of Cyprus has reportedly ordered the country’s banks to stop all settlements in Russian currency
End of capitalism in US tops Saxo Bank’s ‘outrageous’ predictions
Saxo Bank has made a list of eight wild predictions for 2024, which would shock markets if they came true