Business
Putin orders new measures to strengthen ruble
Russian exporters from key industries have been ordered to repatriate foreign currency earnings for the next six months
US adds $500 billion to debt in less than a month
US national debt saw an unprecedented surge by over $500 billion in less than a month to over $33 trillion
Russian electricity ten times cheaper than in UK – banker
Consumers in Russia pay ten times less for electricity than those in the UK, and four times less than in the EU, a top banker claims
IMF tells Ukraine to collect more taxes
Ukraine should focus on collecting taxes and implementing reforms as international aid will end, IMF representative Gavin Gray has urged
Russia’s nuclear industry has no equal – Putin
President Putin said that no other country can compete with Russia in the nuclear energy sector
Russia’s economic growth to beat EU and US – NYT
The Russian economy may grow 2.5% this year and could outpace Western countries, the New York Times has reported
IMF issues worse new global inflation forecast
Global inflation is projected to surge 5.8% in 2024, the IMF said in the latest report
Sharp rise in luxury cars registered in Russia – RBK
The number of luxury cars in Russia surged last year despite Western sanctions, marking a 250% jump versus 2019
Bitcoin mining manufacturer can’t pay staff – report
The world’s biggest manufacturer of hardware for cryptocurrency mining, Bitmain, has reportedly stopped paying employees
IMF raises Russian GDP growth forecast by almost 50%
The IMF has revised upwards its forecast for Russia’s 2023 GDP growth but has lowered its projection for 2024
Sabotage suspected in Baltic pipeline leak
A probe has reportedly been launched into the leak of an undersea pipeline between Finland and Estonia
Malaysia shifting away from US dollar
Malaysia is looking to increase settlements in national currencies with Indonesia, Thailand, and China, PM Anwar Ibrahim has said
US government waging ‘war on crypto’ – ChatGPT developer
Washington wants to take control over virtual currencies, AI pioneer Sam Altman has warned
Ukraine looking for more debt deals – Reuters
Ukraine is talking to major lenders with a view to restructuring its outstanding debt, Reuters has reported
German production drops further
A lack of demand, shortages of skilled workers, and high energy costs are weighing on Germany’s economic growth, data shows
Share prices of Western military contractors shoot up after Israel violence
Shares of the largest US and EU military and defense corporations soared amid renewed Israeli-Palestinian hostilities