Business
Russian oil price cap has ‘largely failed’ – Politico
Western sanctions on Russian energy exports are not working, new research has shown
Investors may have had prior knowledge of Hamas attack on Israel – research
Israel is probing a claim by US researchers that short-sellers knew about the October 7 Hamas attack before it took place
Qatar dumping shares in key UK bank – Bloomberg
Qatar’s sovereign wealth fund is reportedly offloading roughly half of its shares in Barclays
Italians spending less on groceries – report
The Italian government has failed to tackle food inflation as prices put a strain on household budgets, a consumer union says
EU countries buying record volumes of Russian LNG
European purchases of Russian LNG reached a record 1.75 million tons in November
UK households poorer than European peers – study
British households are enduring deteriorating living standards, as latest study calculates $10,000 income gap between UK and similar states
Russia’s trade with fellow BRICS country soaring – envoy
Brazil is ready to replace exports of industrial goods to Russia as the countries are enjoying a trade boom, its ambassador has said
Biden draining US strategic crude reserves – industry association
US President Joe Biden’s administration sold off the largest amount of emergency crude ever last year, an oil expert says
Gold price hits historic high
Gold was trading above $2,100 per ounce on Monday for the first time as global uncertainty is driving safe-haven demand
US dominating global arms trade – data
Global arms sales reached nearly $600 billion last year, the latest estimates by SIPRI show
Gold and bitcoin spearhead a rebellion against the dollar
Gold surges to all-time high amid dovish Fed outlook and forecasts of rate cuts in March
Russian exporters boost foreign earnings sales
Increasing foreign currency sales by major Russian exporters are helping to stabilize the ruble, central bank data shows
Switzerland ups tally of frozen Russian assets
The Swiss government says immobilized Russian assets in the country amount to roughly $8.8 billion
COP28 president claims there is ‘no science’ behind calls to phase out fossil fuels – Guardian
The president of Cop28, Sultan Ahmed Al Jaber, cast doubt on claims that a phase-out of fossil fuels would restrict global heating to 1.5°C
Russia about to become one of the world’s biggest LNG producers – Gazprom
Russia may overtake Australia this year to join the top-3 global producers of LNG, Gazprom projects
Russian snow crab imports flood Japanese market – media
Prices for Russian snow crab in Japan plunge, with floods of the delicacy diverted there from other markets, mostly due to US sanctions