Poverty in Argentina soars to record high – study — RT Business News

Poverty in Argentina soars to record high – study — RT Business News

Source link ‘Shock therapy’ reforms have propelled prices for basic good higher and led to a sharp drop in purchasing power, a new study shows Poverty levels in Argentina hit a multiple-year high in January following the drastic economic reforms carried out by newly installed President Javier Milei, the Social Debt Observatory of the Catholic […]

Wall Street trading heralds the arrival of Bitcoin — RT Business News

Wall Street trading heralds the arrival of Bitcoin — RT Business News

Source link The world’s top cryptocurrency has more than doubled in value over the past year Russian Market is a project by a financial blogger, Swiss journalist and political commentator based in Zurich. Follow him on X @runews Bitcoin, the world’s leading cryptocurrency, has experienced a significant price surge in the last two weeks, breaking above the […]

UAE banks closing Russian accounts – media — RT Business News

UAE banks closing Russian accounts – media — RT Business News

Source link Lenders are wary of secondary Western sanctions for dealing with Moscow, sources told the news outlet Vedomosti Several large banks in the United Arab Emirates have begun limiting transactions with Russia and closing the accounts of Russian companies and individuals due to the risk of secondary Western sanctions, the news outlet Vedomosti reported […]

Germany poised for worst downturn in two decades – survey — RT Business News

Germany poised for worst downturn in two decades – survey — RT Business News

Source link Local businesses expect the EU’s largest economy to shrink by 0.5% this year, according to a DIHK chambers of industry and commerce poll German businesses expect the country’s economy to contract by 0.5% this year, which would mark the second straight year of decline and the worst downturn in twenty years, a poll […]

Shipping giant warns of prolonged Red Sea crisis — RT Business News

Shipping giant warns of prolonged Red Sea crisis — RT Business News

Source link Maersk suspended vessel transits via the key trade route in January due to attacks by Houthi rebels Danish shipping major AP Moller-Maersk is advising customers to prepare for a prolonged Red Sea crisis that could stretch well into the second half of this year, CNBC reported this week. The second-largest global ocean carrier […]

EU plagued by new hidden inflation – MP — RT Business News

EU plagued by new hidden inflation – MP — RT Business News

Source link European Parliament member Biljana Borzan has urged the legislative body to look into the phenomenon of ‘skimpflation’, which she says began with the Ukraine conflict The quality of goods and services is suffering across the EU due to ‘skimpflation,’ European Parliament member Biljana Borzan from Croatia warned this week. The term refers to […]

West could upend global financial system – Russian central bank — RT Business News

West could upend global financial system – Russian central bank — RT Business News

Source link The seizure of the country’s reserves would jeopardize the “immunity” of national assets worldwide, Elvira Nabiullina warns The global financial system would be disrupted if Brussels and Washington go through with threats to use Russian sovereign assets to help Ukraine, the head of the Bank of Russia, Elvira Nabiullina, warned on Friday. Nabiullina […]

Moscow lifts Ecuador banana ban    — RT Business News

Moscow lifts Ecuador banana ban    — RT Business News

Source link The restrictions were imposed after a dangerous pest that carries cholera was found in shipments of the fruit Russia has lifted its partial ban on imports of bananas from Ecuador, the Russian food safety watchdog Rosselkhoznadzor announced on Friday. “We authorize these five Ecuadorian companies to supply [bananas] under guarantees of Ecuadorian services, […]

EU bought almost €30bn worth of Russian energy last year – media — RT Business News

EU bought almost €30bn worth of Russian energy last year – media — RT Business News

Source link Despite bans and extensive sanctions, the bloc has continued to import oil, petroleum products and natural gas from Moscow Russia supplied just over €29 billion ($31.2 billion) worth of energy to the EU last year, according to data from the bloc’s statistics office, Eurostat, as cited by the Russian business daily RBK. This […]