Business
Coca-Cola applies to register trademarks in Russia – media
US soft-drinks maker Coca-Cola has applied to register several trademarks in Russia, Vedomosti has reported
Sales of Chinese cars top those of US rivals for first time – report
China’s automakers outdo US rivals for first time in 2023, with over 13 million new vehicles sold globally, researcher JATO Dynamics finds
EU energy giant terminates Russian gas supply contracts
German utility Uniper has decided to terminate its gas supply contracts with Gazprom Export following an arbitration court’s ruling
BRICS frustrated by West’s trade protectionism – Lavrov
BRICS foreign ministers have condemned US protectionism in global trade, Russian Foreign Minister reports from ministerial meeting
World Bank raises estimate for Russian economic growth
The Russian economy will grow stronger in 2024 than previously expected, according to a new report
EU wants to keep Russia-Ukraine gas transit – Bloomberg
The EU reportedly wants to keep using Ukraine’s infrastructure to buy natural gas from Azerbaijan, while stopping deliveries from Russia
German bourse boss slams Scholz economic policy as ‘sheer catastrophe’
The nation is reverting to a developing country due to the chancellor’s “lack of leadership,” the CEO of Deutsche Boerse has said
Gold harder to find – industry body
Up to 20 years is needed on average before a gold mine is ready for production, a market strategist has told CNBC
Thousands of Californians lose jobs thanks to Newsom’s $20/hr minimum wage – report
Fast-food restaurants have recently had to lay off nearly 10,000 workers, according to a major trade group
Ukraine to nationalize plant belonging to ‘pro-Russian businessman’
Ukraine’s asset recovery agency has announced plans to expropriate the Odessa oil refinery
European markets hit by election turmoil
Stocks slumped on Monday as traders reacted to initial results from the EU elections indicating far-right gains
SPIEF 2024: Rosneft chief reveals cost EU paid for rejecting Russian gas
EU members paid more than double by spending $630 billion on imports of non-Russian gas over three years, Rosneft CEO Igor Sechin has said
Russian economic growth exceeding global average – Putin at SPIEF
Russian economic growth is outpacing other global players, and is expanding without reliance on oil and gas, Vladimir Putin says
SPIEF 2024: BRICS members discussing unified payment system – Russian finance minister
A new settlement system based on digital technologies is being discussed by BRICS members, Russian Finance Minister Anton Siluanov has said
Ruble dominating ‘toxic’ Western currencies in Russian exports – Putin
The share of the dollar and euro in Russia’s trade settlements continues to decline, according to President Vladimir Putin
SPIEF 2024: Russia signals shift in cryptocurrency policy
The Russian Finance Ministry has voiced support for cryptocurrency in foreign trade, arguing the US dollar and euro have lost credibility