Business
Russia rules out ‘easy exit’ for Western firms
Foreign companies wishing to leave Russia will have to do it under the country's terms, Dmitry Peskov has said
EU country doubles Russian gas imports
Austrian energy conglomerate OMV has continued to boost purchases of natural gas from Russia
Russia to introduce new crypto restrictions – MP
Internal circulation of cryptocurrency will soon be prohibited in Russia, State Duma member Anton Tkachev says
Chinese tech giants cancel Israel – WSJ
Israel can no longer be found on China’s leading online digital maps from Baidu and Alibaba, the Wall Street Journal reports citing users
Russian billionaire arrested in France – Le Monde
Banker Aleksey Kuzmichev was detained in France over tax evasion and money laundering allegations, local media has reported
UK mortgage approvals nosedive – Bank of England data
Approvals for house purchases in the UK fell to the lowest level since January amid unprecedented policy tightening by the Bank of England
Sluggish German growth sparks recession fears
German output shrank in the third quarter of 2023 as EU's top economy continues to grapple with multiple challenges
‘Too soon’ to assess impact of Ukraine’s halt to Russian gas transit – EU official
The European Commission says it’s premature to forecast how the abolition of Russia’s gas transit deal with Ukraine may affect the EU
Russia faces $23 billion bill for rail expansion in remote Asian regions
Russian Railways has unveiled the cost of a planned expansion of the country’s key transport corridors
Trade within Russia-led economic alliance soaring – minister
Economic cooperation within the Eurasian Economic Union is developing at an unmatched pace, deputy PM Aleksey Overchuk says
WTO warns global economy could lose 5% of GDP
Global economic growth is at risk in the wake of multiple challenges, the WTO chief has said
Israel faces major economic crisis – JPMorgan
The conflict with Hamas is likely to cause a severe economic downturn in Israel’s economy by year’s end, JPMorgan forecasts
German companies cut investment plans – survey
The DIHK business group has downgraded Germany's GDP forecast, predicting a 0.5% contraction this year
Iran wants to set up regional gas hub
The Shanghai Cooperation Organization should create its own regional gas hub, member state Iran has suggested
German corporate giant explains why it maintains nuclear ties with Russia
Siemens Energy says breaking its Paks-2 nuclear plant deal with Russia’s Rosatom could cost ‘almost unlimited sums’ in penalties
Kiev won’t extend gas transit deal with Moscow – Naftogaz
Kiev has ‘no intention’ to extend the gas transit deal with Moscow that expires next year, Naftogaz CEO Aleksey Chernyshov has announced