Business
Russia takes control of major airport from foreign shareholders
President Vladimir Putin signed a decree transferring all foreign-held shares of St. Petersburg’s Pulkovo Airport to Russian management
OPEC+ to extend oil output cuts
Oil-producing countries from OPEC+ have agreed to a significant additional production cut of 1 million barrels a day
Ukraine to get $1.2 billion from World Bank
Japan has agreed to guarantee a $1.2 billion World Bank loan to Ukraine
Britons want to exit Brexit – poll
A majority of Britons regret Brexit and want to rejoin the EU, even though it would restore the free movement of migrants, a poll says
Russian tech giant to expand robot fleet
Russia’s Yandex has announced plans to double the number of its delivery robots to 260 next year
Milei picks ex-JPMorgan trader to dollarize Argentina’s economy
Former Wall Street trader Luis Caputo has been chosen as Argentina’s economy minister to enforce “shock therapy” for the embattled economy
Wall Street against both Biden and Trump – Bloomberg
Some of the biggest voices in finance have said they want anyone but Joe Biden and Donald Trump in the White House
Another UK city effectively declares bankruptcy
Nottingham City Council shut down all new spending on Wednesday, admitting it can no longer balance its budget
Russian unemployment hits historical low – data
The number of Russians without jobs dropped to 2.9% in October, official statistics show
Trading in death responsibly: ‘Woke’ funds funnel $5 trillion into arms industry
ESG funds, once known for socially responsible investing, have funneled trillions of dollars into defense stocks, raising ethical questions
UK banking giant axing staff before Christmas – union
Barclays Bank has announced mass layoffs in its British division ahead of the holidays, according to a trade union
EU reselling Russian gas – FT
Over a fifth of Russian LNG cargos are reportedly transferred between tankers at EU ports before being exported to other countries
Russian national debt rises
The volume of Russia’s state debt has increased as the government borrowed to reduce the budget deficit, data shows
Russian economy is on growth trajectory – Kremlin
The Western sanctions on Russia have failed to destabilize the economy, Kremlin spokesman Dmitry Peskov has said
Goliath falls: Sudden bankruptcy of financial empire exposes Europe’s real estate bubble
The collapse of Austrian magnate Rene Benko’s financial empire rocks the European real-estate market
ECB warns against tapping frozen Russian assets
Using frozen Russian assets to help Ukraine could jeopardize the euro’s reputation, ECB vice president Luis de Guindos has said