Business
Russia restricts fuel exports
Moscow has limited gasoline and diesel shipments abroad to stabilize the domestic market
Russia names countries admitted to foreign exchange market
Bankers and brokers from more than 30 nations have been approved to engage in currency trading in Russia
EU to back members against Ukraine – FT
The European Union will likely defend Poland, Hungary, and Slovakia in their Ukraine grain dispute, the FT claims
France bets on coal to ensure power supply
France may have to keep its remaining coal-fired plants on call to get through winters, grid operator RTE has said
UK backtracks on petrol-car ban
London will put off until 2035 its national ban on sales of new gasoline and diesel vehicles, Prime Minister Rishi Sunak has announced
Russia becomes UAE’s top gold supplier – Bloomberg
The UAE has been buying Russian gold shunned by the West, reportedly importing just short of 100 tons in 2022
Moscow unemployment lowest among G20 megacities – official
The unemployment rate in Moscow was the lowest among G20 megacities in 2022, the city’s deputy mayor has said
Diamond industry blasts potential sanctions on Russian gems – FT
Global gem giants are reportedly against a G7 and EU plan to ban Russian diamonds
Germany's 9/11 moment: This act of economic terror will change the future of Europe
The destruction of the Nord Stream pipelines, a symbol of energy security for Europe’s economy, became the catalyst for a massive crisis
Germany at risk of becoming ‘Sick Man of Europe’ – Deutsche Bank
Structural weaknesses are preventing the development of the German economy, a top banker says
Global debt hits all-time high – report
Global debt continued to balloon to a record $307 trillion in the first half of 2023, an industry report has shown
Сhina boosts Russian crude imports
Russia has remained China’s largest oil supplier, followed by Saudi Arabia and Iraq, customs data shows
Russian oil shipments spike to three-month high – Bloomberg
Russian crude exports have continued to surge despite Western sanctions and output cuts, Bloomberg reports
Prof. Schlevogt’s Compass № 4: Why in-house work is not going extinct anytime soon – a look at the ‘inverted office power pyramid’
What are the true reasons why the near future of work will probably look more like the past?
Chinese cars taking over Russian market
The share of Chinese car imports to Russia reached 92% in the first eight months of the year, according to Russia’s customs service
UK faces worst inflation among developed countries – OECD
The UK will have the highest inflation and the second-worst GDP growth among the world’s wealthiest nations this year, OECD says