Business
Sanctions leaving dozens of oil tankers idle – Bloomberg
Fifty-three ships that previously moved Russian oil reportedly remain empty and unused across the world
Saudis ‘threatened’ G7 over Russian assets – Bloomberg
A “veiled threat” from Riyadh may have been why the G7 chose not to confiscate Russia’s frozen sovereign funds for Ukraine
Another Boeing 737 problem revealed
Over 2,600 Boeing 737 Max and Next Generation models will have to be inspected for faulty oxygen supply straps, the FAA has said
Russia and SCO trade hits record level – media
Trade turnover between Russia and the members of the SCO soared by 25% in 2023, Trade Minister Anton Alikhanov says
China retaliates against EU tariff hike
Beijing will hold an anti-dumping hearing on EU brandy imports after the bloc slapped duties on its electric cars
Forbes calls Musk ‘biggest loser’
Elon Musk remains the world’s richest man, but his net worth has decreased more than any other billionaire’s in the first half of 2024
Sanctions will eventually end dollar dominance – Russian tycoon
More countries have begun shifting away from the greenback in trade in favor of alternative currencies, EuroChem founder has said
Shanghai Cooperation Organization speeding up de-dollarization – Putin
SCO countries have increased the use of national currencies in mutual settlements, Russian President Vladimir Putin has said
EU slaps steep tariffs on Chinese electric cars
The European Union has imposed new import duties on Chinese electric vehicles following an anti-subsidy probe
Russian oil revenues continue to grow – Bloomberg
Russia’s oil export revenues surged by almost 50% year-on-year in June due to rising crude prices, Bloomberg has reported
Türkiye aiming for $100 billion trade turnover with Russia – Erdogan
Moscow and Ankara are planning to double the volume of trade between the two countries despite Western sanctions on Russia
Russian gas exports to EU soaring – Reuters
Russian natural gas exports to Western, Central, Southern and Southeastern Europe surged by 23% year-on-year in June, Reuters has said
‘Not just Taylor Swift’ fueling Eurozone inflation – Lagarde
The ECB head has downplayed the inflationary impact of the US popstar’s tour on the continent, CNBC reported
Bitcoin under pressure over defunct Mt. Gox repayments – CNBC
The platform’s upcoming distribution of assets stolen in a 2014 heist could add selling pressure to the crypto market, according to experts
EU lender challenging order to leave Russia
Italy’s UniCredit bank has appealed to the EU’s top court to clarify an ECB directive to reduce its Russian business
EU nation adopts six-day working week
Greece is trying to boost declining productivity and combat a shortage of qualified labor