Source link The US president has targeted 319 companies and citizens from the Asian nation, more than any other administration The White House has blacklisted more Chinese entities and individuals under Joe Biden’s administration than it did during Donald Trump’s presidency, as the long-running trade spat between the two nations continues to escalate, Bloomberg reported […]
Source link French purchases of liquefied natural gas (LNG) from Russia have increased by a massive 75% since the beginning of 2024 compared to the same period a year ago, Politico reported on Thursday, citing data provided by the Center for Research on Energy and Clean Air (CREA). In the first quarter of this year, […]
Source link The US stock market is headed for a crash, despite the rallying S&P 500, which risks seeing dismal returns for the next 10–15 years, a veteran fund manager told Business Insider this week. The S&P 500 has risen sharply in recent months, hitting new record highs in March, after a 24% surge in […]
Source link Stocks have plummeted in Trump Media, forcing the former US president off a daily ranking of the world’s richest people Donald Trump has dropped off the Bloomberg Billionaires Index on the back of dismal stock market performance by Trump Media, the parent company behind the US Republican presidential candidate’s online platform, Truth Social. […]
Source link Four countries recently joined the economic bloc, and the door has been left open for further additions Vietnam is actively working on a bid to join the BRICS economic group, the Izvestia newspaper has reported, citing Hanoi’s embassy in Russia. BRICS members Brazil, Russia, India, China, and South Africa were joined by four […]
Source link The bloc’s top court ruled that the 2022 blacklisting of two top bankers was not justified, but the restrictions remain in place The European Union Court of Justice ruled on Wednesday to take Russian banking tycoons Mikhail Fridman and Petr Aven off the bloc’s 2022 sanctions list, imposed over the Ukraine conflict – […]
Source link The current year could prove even more profitable for Russian banks than record-breaking 2023, Central Bank Deputy Governor Olga Polyakova said at a conference on Tuesday. Last year, a sharp rise in mortgages as well as consumer and corporate lending resulted in banks posting profits of 3.3 trillion rubles ($35.4 billion), despite Western […]
Source link The Chinese currency now accounts for the largest share of forex trading, the regulator reports The share of the Chinese yuan on Russia’s foreign exchange market hit an all-time high in March, the Bank of Russia (CBR) reported in its financial risk review on Monday. Russia’s shift away from major Western currencies started […]
Source link Geopolitical tensions and political polarization at home threaten “America’s global leadership role,” Jamie Dimon has warned The US is facing grave risks in the wake of rising global geopolitical tensions and the nation’s domestic political polarization, Jamie Dimon, JPMorgan Chase chief executive, has warned. In an annual shareholder letter on Monday the CEO […]
Source link The initiative attracted thousands of foreign investors since 2013, with most buying real estate Spain is planning to scrap its so-called ‘golden visa’ program, which grants residency rights to property buyers from outside the European Union, as Madrid attempts to increase the amount of affordable housing available to locals. Prime Minister Pedro Sanchez […]
Source link Latvia has been calling on the bloc to ban agriculture exports from its neighbor over the Ukraine conflict Latvia significantly increased the volume of grain bought from Russia in the first quarter of 2024, the state revenue service in Riga announced on Monday. The Baltic nation recently announced a ban on some Russian […]
Source link Local authorities have reportedly lowered the debt threshold and employed mobile phone tracking to find the digital assets of evaders A city government in South Korea plans to confiscate crypto assets from citizens who owe the equivalent of several hundred dollars or more in taxes, Korean media have reported. This comes as part […]
Source link The country’s economy is projected to expand by 5.3% next year, according to a macroeconomic research agency The Chinese economy is expected to grow by 5.3% this year as the property sector recovers and external demand improves, the ASEAN+3 Macroeconomic Research Office (AMRO) said on Monday. In its latest report, the Singapore-based group […]
Source link The company is not abandoning production of low-cost electric vehicles, the billionaire claims Tesla CEO Elon Musk has dismissed a report by Reuters claiming the US carmaker has canceled a project for a low-cost vehicle owing to fierce competition from Chinese electric-vehicle (EV) makers. On Friday, Reuters wrote, citing sources familiar with the […]
Source link A court has ruled that retail chain Tegut must comply with centuries-old legislation despite not having human employees A court in the central German state of Hesse has banned local vending machine chain Tegut from operating on Sundays, citing the country’s century-old law, Financial Times reported on Friday. A mandatory day off on […]