Source link The company’s stock has slumped in recent months as it loses ground to its rivals in technology development Russian Market is a project by a financial blogger, Swiss journalist and political commentator based in Zurich. Follow him on X @runews Since my October 2023 warningApple’s stock price has defied the broader tech sector’s upward trend […]
Tag: business
Oil prices hit four-month high — RT Business News
Source link Crude prices soared to $86 per barrel on Monday, hitting a four-month high, with industry experts attributing the surge to China’s strong economic data and Ukraine’s drone attacks on Russian oil refineries. Global benchmark Brent futures have risen by 4% since last week to trade at $86 per barrel as of 9:45 GMT, […]
Iran inks $13 billion worth of new oil deals — RT Business News
Source link Contracts with domestic energy firms are aimed at boosting daily production in major fields of the sanctions-hit country Iran’s energy companies were granted their biggest contracts in the past decade on Sunday, as Tehran seeks to boost output at major oil fields, state media have reported. Deals worth $13 billion, aimed at developing […]
Ukraine won’t extend Russian gas transit deal – official — RT Business News
Source link Kiev has no plans to prolong the current contract with Russia on gas transit to the EU when it expires this year, Ukrainian Energy Minister German Galushchenko said on Sunday. Brokered by the EU, the current five-year deal was signed in 2019. Under the agreement, Russian energy giant Gazprom agreed to transit 65 […]
EU members oppose plan to arm Kiev with Russian money – Politico — RT Business News
Source link Malta, Luxembourg, and Hungary have reportedly warned against directing the proceeds generated by the frozen assets to Ukraine’s military An EU plan to use the profits generated by Russia’s frozen central bank assets to buy weapons for Ukraine has faced resistance from Malta, Luxembourg, and Hungary, Politico reported on Thursday, citing an EU […]
Expanded BRICS will keep ‘trademark’ name – Moscow — RT Business News
Source link The bloc’s acronym is a “brand” and the addition of new members will not change that, a top Russian diplomat has said The BRICS economic group will keep its current name despite the bloc’s expansion, a top Russian diplomat has said. BRICS is a recognizable brand and a “trademark,” according to Deputy Foreign […]
Putin calls off nationalization of Danone Russia — RT Business News
Source link The shares of the French food company’s local business had previously been placed under temporary state control Russian President Vladimir Putin has signed a decree to remove French food giant Danone’s local business from a list of assets placed under temporary state management, according to a document published on the portal of legal […]
Oil industry will be swamped with work ‘for another 100 years’ – Putin — RT Business News
Source link Hydrocarbons production will remain relevant for a “very long time,” the Russian president has said The world will continue using oil and gas for a long time despite the focus on renewable energy, Russian President Vladimir Putin has said, adding that jobs in this sector have a secure future. He was speaking at […]
Russia’s response to asset seizure could trigger global financial collapse – Reuters — RT Business News
Source link Brussels needs and an “emergency mechanism” in case its plan to fund Kiev with Russia’s money backfires, according to an EU official While Brussels is searching for legal loopholes to send frozen Russian assets to Ukraine, it must keep some of the cash as a “safety buffer,” should its clearing house Euroclear get […]
UK to donate old polluting vehicles to Ukraine — RT Business News
Source link The cars will be sent through the so-called Ultra Low Emission Zone (ULEZ) scrappage scheme starting this week, the government says London drivers will have the option of sending cars that do not adhere to the city’s rigorous emission standards to Ukraine in exchange for a grant instead of being retrofitted in the […]
EU criminalizes sanctions evasion — RT Business News
Source link The new directive will allow member states to jail individuals and fine businesses The European Parliament has adopted a directive to criminalize the violation and circumvention of EU sanctions, according to a document published on the legislative body’s website on Tuesday. It stressed that providing financial services or legal advisory services in violation […]
Investors lobbying for EU military spending splurge – Bloomberg — RT Business News
Source link Investors are pushing for an EU-wide debt program that would bring them healthy profits while helping the bloc to increase military spending, Bloomberg has reported. Bond investors want the bloc’s temporary joint EU debt program that was launched mostly to finance the pandemic recovery fund to become permanent, the outlet has suggested. The […]
French court orders fired banker to repay $5 million — RT Business News
Source link The award was overturned due to a parallel UK suit in which the trader had already won a much smaller payout France’s top court has ruled that BNP Paribas banker Bertrand Lavigne, who won €4.5 million ($4.9 million) in an unfair dismissal case, cannot keep the financial award, Bloomberg reported on Monday. The […]
EU accelerating plan to send profits from frozen Russian assets to Kiev – FT — RT Business News
Source link A first tranche of over $3 billion could be disbursed in July, the outlet has learned The European Commission is pressing ahead with its plan to give Kiev up to €3 billion ($3.2 billion) from profits generated by frozen Russian assets amid waning financial support from the US, the Financial Times reported on […]
Trump reveals position on banning Bitcoin — RT Business News
Source link The top-polling US presidential candidate has suggested that he would not try to block the use of cryptocurrencies Former US President Donald Trump has essentially ruled out the threat of cryptocurrencies being banned if he wins another term in the White House, triggering a jump in Bitcoin prices to an all-time high. Trump, […]