Source link The Bloomberg ‘World’s Richest Families 2023’ list, published earlier this week, revealed how the global wealth distribution is being reshaped by oil fortunes. According to the rating, the House of Nahyan, the family of UAE President Sheikh Mohammed bin Zayed Al Nahyan, which joined the list for the first time, emerged as the […]
Source link The complaint is related to steel and aluminum tariffs imposed during the Trump administration The EU is considering reopening a case at the World Trade Organization (WTO) against the US over steel and aluminum tariffs, Bloomberg reported on Friday, citing people familiar with the matter. The trade row started in 2018 when then-US […]
Source link Moscow is maintaining control over its crude shipments and progressively increasing the prices, the outlet says Russia’s monthly revenues from oil exports are now higher than before the beginning of the military operation in Ukraine, indicating that Western sanctions on the sector have failed, Bloomberg reported on Wednesday. Moscow’s income from crude sales […]
Source link Barclays’ second biggest shareholder reportedly plans to get rid of half of its stake in major lender Qatar Holding, owned by the Qatar Investment Authority (QIA), is looking to sell some £510 million ($644 million) worth of its shares in Barclays, one of the UK’s oldest banks, according to terms of the offering, […]
Source link The European Union may unveil a proposal to tax profits from more than €200 billion ($218 billion) of frozen Russian central bank assets in order to help rebuild Ukraine, Bloomberg reported this week. A person familiar with the discussions told the outlet that the plan, which is expected to be released on December […]
Source link Chief executives are reportedly betting on alternative candidates in the 2024 US presidential race Leading Wall Street bankers are opposed to both Joe Biden and Donald Trump as candidates for next year’s US presidential election, Bloomberg reported on Wednesday. According to the outlet, JPMorgan Chief Executive Jamie Dimon stated this week that voters […]
Source link The Sovcomflot-owned vessel was due to be unloaded at the Vadinar port last Saturday A Russian oil tanker is unable to unload its cargo due to the latest US sanctions and has been drifting in Indian waters for over ten days, Bloomberg reported on Wednesday. The Liberia-flagged vessel, which is owned by Russia’s […]
Source link Bond yields have risen substantially in developed countries, with central banks offloading their vast holdings Sovereign bond sales could increase further next year as budget deficits balloon across the developed world, Bloomberg reported this week. According to the outlet’s analysis, this comes at a bad time as central banks have accelerated the reduction […]
Source link A proposed ban on the re-export of key goods could put the bloc’s businesses at a disadvantage, several nations reportedly warn Several EU member states are seeking to soften proposals by the European Commission, aimed at preventing sanctions on Russia being circumvented via third nations, Bloomberg reported on Saturday, citing people familiar with […]
Source link Hungary and Slovakia, however, have been strongly opposed to sending arms to Kiev The EU has pitched a framework of security commitments for Ukraine to its member states, seeking to substantially boost Kiev’s military power and bring it closer to the West, Bloomberg reported on Tuesday. However, several EU states have been opposed […]
Source link Polish truckers protesting on the border with Ukraine could be joined by a group of farmers later this week, according to a Bloomberg report on Monday. The truckers are demanding tougher rules for their Ukrainian competitors and have been blocking border checkpoints, meaning some cargo vehicles carrying humanitarian aid for Kiev have been […]
Source link The country’s top court banned the use of pandemic funds on energy transition initiatives The German Finance Ministry has imposed an emergency spending freeze after the country’s top court banned the use of pandemic aid to finance green initiatives, Bloomberg reported on Tuesday. The Constitutional Court ruled last week that the shifting of […]
Source link Key sectors of the Russian economy have adapted to sanctions or completely recovered from them, as the country shows a greater level of resilience than Western governments had expected, Bloomberg reported on Thursday. Industries ranging from manufacturing and airlines to banking have found ways to adjust to sanctions “aimed at tanking the economy,” […]
Source link The price limit imposed by the G7 and EU on Russian seaborne oil sales is being ignored, Bloomberg reported on Friday, citing calculations based on budget data from Moscow. According to the Russian Finance Ministry, gross revenues from the three main tax sources of oil money nearly doubled between April and October, reaching […]
Source link The Ukrainian president has reportedly claimed there may be Moscow-inspired mass protests in Kiev Ukrainian President Vladimir Zelensky told journalists on Thursday that he has received tips about a Russian influence campaign aimed at destabilizing his government, according to a Bloomberg report. He claimed that various intelligence agencies had informed him about the […]