Business
Israel headed for sharp economic downturn – S&P
Rating agency S&P has warned about a slowdown in Israel’s economy in the coming months
Chinese Big Tech shares plunge following Alibaba’s big drop
Alibaba’s U-turn on plans to spin off its cloud unit has knocked the bottom out of China’s tech-sector shares
Western sanctions on Russian oil not working – Bloomberg
The G7’s price cap on Russian crude is being ignored by buyers, Bloomberg reports, citing Finance Ministry data
Go green, go broke: ‘Clean energy’ fails a basic economics test
Clean-energy stocks plummet as renewable energy projects prove to be too expensive, threatening America’s environmental aspirations
Russia lifts gasoline export ban
Russia has lifted restrictions on gasoline exports as domestic prices stabilized, the Ministry of Energy says
Ukraine is broke – former prime minister
Ukraine is running out of money, former Prime Minister Nikolay Azarov says
EU state seizing Russian property – media
The Czech authorities are sealing Russia’s state-owned properties, local media reports
World economy may split into rival blocs – ECB
European Central Bank chief Christine Lagarde has warned of a significant threat to the global economic landscape
Latin American state makes 31% bitcoin profit in a year
Bitcoin registered a major price growth in the year since El Salvador resolved to buy one token on a daily basis, a world first
Latin American country embracing Russia’s Visa alternative – minister
Russia’s Mir cards can be used for making payments in Venezuela, its foreign minister has said
US tech restrictions on China not working – report
Chinese companies continue to buy US chip-making equipment using gaps in export control rules, a report by a monitoring body has revealed
Russian capital flight decelerates dramatically – central bank
Capital outflows from Russia slowed significantly in 2023 as the economic outlook improves, according to the central bank
Geopolitical risks at highest in half a century – Baker Hughes
The Middle East conflict could hurt the global energy market and have wide repercussions, the CEO of Baker Hughes has told the FT
Russia and Venezuela confirm de-dollarization plans
Trade between Russia and Venezuela will soon shift to national currencies, the Venezuelan foreign minister has said
Russia set for $75 billion surplus – Bloomberg
Russia’s current account surplus could reportedly reach $75 billion this year due to high energy export revenues
Israeli banks blocking Russian assets – media
Several banks in Israel have started segregating accounts that belong to Russians, media report, citing experts