Business
Russia-China de-dollarization almost complete – deputy PM
Moscow and Beijing have almost phased out Western currencies in trade, which is set to exceed $200bn this year, Russia’s deputy PM says
US court backs 1990s Russian oligarchs
A US court has rejected Russia’s immunity claim in the Yukos case over $50 billion award to former owners, RBK reports
Argentina won’t join BRICS – newly elected president
Argentina will not join BRICS, a senior economic advisor to Javier Milei, the Argentinian president-elect, said
Russians snap up homes in EU country despite sanctions – RBK
Purchases by Russians of properties in Spain surged by more than 50% in January-June this year, media-cited statistics show
UK retail sales nosedive – data
The cost-of-living crisis has forced British consumers to cut back on their spending, according to a report by the ONS
Yuan outpacing euro as major trade-funding currency – Reuters
Global companies are reportedly reaping record profits through yuan-denominated bonds as interest rates surge in the West
Ukraine reveals size of new international loan
The Ukrainian government expects to receive a $1.1 billion loan from the World Bank, Prime Minister Denis Shmigal has announced
Russian electric SUV launches on domestic market
Russian EV maker MotorInvest has launched mass production of its latest electric SUV model, Evolute i-SKY
Russia ramps up trade with Africa and Asia – customs data
Moscow has been actively diversifying trade due to Western sanctions, customs data shows
EU state threatens to block new sanctions on Russia
Slovakia will not support banning nuclear fuel supplies from Russia as part of EU sanctions, Foreign Minister Juraj Blanar says
Foreign buyers moving away from US debt – WSJ
Foreign investors and central banks currently hold some 30% of US government debt, compared to roughly 43% recorded a decade ago
Russia shrugging off sanctions – Bloomberg
Russia's growth hit 5.5% in the third quarter as key sectors of the economy recovered, according to Bloomberg
Brits warned of another tough winter ahead
British households are facing higher energy costs in the first three months of 2024 due to increased price cap, consultancy forecasts
Japan faces recession – official data
The Japanese economy is contracting amid stubborn inflation and weak external demand, data shows
EU state’s sole refinery at risk of shutdown – Lukoil
Lukoil says ending Bulgaria’s exemption from an EU embargo on Russian oil imports will bring the country’s market to standstill
Russian central bank chief issues inflation warning
Central bank chair Elvira Nabiullina warns that inflation in Russia has exceeded “harmless” levels