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 […]

How India’s central bank cracked the whip on e-wallet giant Paytm — RT India

How India’s central bank cracked the whip on e-wallet giant Paytm — RT India

Source link The survival of the startup that drove financial inclusion in the country and boosted the nation’s economy is now at stake In baseball, it’s three strikes and you’re out. Vijay Shekhar Sharma, founder of Indian digital payments company Paytm, and arguably the country’s largest startups poster boy, faces a possible third strike. Like […]

Russia’s non-dollar settlements within BRICS skyrocketing – central bank chief — RT Business News

Russia’s non-dollar settlements within BRICS skyrocketing – central bank chief — RT Business News

Source link The share of the country’s transactions with other bloc members in national currencies has reached 85%, Elvira Nabiullina says The share of Russia’s settlements in national currencies with fellow BRICS countries has increased to 85%, up from just 26% two years ago, the head of the Russian central bank, Elvira Nabiullina, told RIA […]

BRICS’ share in global economy overtakes G7 – Russian central bank — RT Business News

BRICS’ share in global economy overtakes G7 – Russian central bank — RT Business News

Source link Following the addition of new members, the group now accounts for 35% of the world’s GDP in PPP terms, Elvira Nabiullina has said The BRICS states have overtaken the G7 in terms of share in global GDP in PPP terms, the head of the Russian central bank, Elvira Nabiullina, told RIA Novosti in […]

Central Asian state calls Russia ‘key ally’ — RT Russia & Former Soviet Union

Central Asian state calls Russia ‘key ally’ — RT Russia & Former Soviet Union

Source link Kazakh President Kassym-Jomart Tokayev has characterized Russia as his country’s “main partner and ally,” adding that bilateral relations are “at a very high level.” In a Wednesday interview with the country’s Egemen Qazaqstan newspaper, the leader also said that close ties between the two neighbors are crucial for “ensuring regional stability and international […]

Russia boosts fuel exports to Central Asian country — RT Business News

Russia boosts fuel exports to Central Asian country — RT Business News

Source link More than 176,000 tons of liquefied petroleum gas have been supplied to Afghanistan this year Afghanistan has doubled imports of Russian liquefied petroleum gas (LPG) since the beginning of the year, as Moscow diversifies its energy flows from the EU to new markets, Reuters reported this week. Russia supplied over 176,000 tons of […]

Russian central bank chief warns about credibility of euro — RT Business News

Russian central bank chief warns about credibility of euro — RT Business News

Source link The currency’s reputation has been jeopardized by Brussels’ freezing of Russian assets, Elvira Nabiullina says The euro could lose its status as a global reserve currency if Brussels goes through with threats to use frozen Russian assets to help Ukraine, the head of the Russian central bank, Elvira Nabiullina, warned on Friday. “As […]

Central banks risk plunging developed world into recession – OECD — RT Business News

Central banks risk plunging developed world into recession – OECD — RT Business News

Source link Central bankers’ continued fight to bring rampant inflation under control could plunge developed countries into recession next year, the Organization for Economic Co-operation and Development (OECD) has warned. According to its global outlook, issued earlier this week, the tightening of monetary policy since early 2022 is slowing domestic demand growth, while interest rates […]

European Central Bank says AI creating, not killing jobs — RT World News

European Central Bank says AI creating, not killing jobs — RT World News

Source link The adoption of AI is correlated with reduction in wages, according to newly published research The widespread adoption of artificial intelligence and related technologies has led to an increase in human jobs, but a decrease in wages, according to a research bulletin published by the European Central Bank on Tuesday. Titled “Reports of […]

Eliminating central bank ‘non-negotiable’ – Argentina’s Milei — RT Business News

Eliminating central bank ‘non-negotiable’ – Argentina’s Milei — RT Business News

Source link Closing down the monetary regulator is part of the president-elect’s radical reform plans Argentina’s incoming president Javier Milei confirmed on Friday that he will keep his promise to shut the nation’s central bank. The statement was posted by his office on X (formerly Twitter). The shutdown was Milei’s signature campaign pledge along with […]

Ruble rules trade with Central Asian ally – Putin — RT Business News

Ruble rules trade with Central Asian ally – Putin — RT Business News

Source link The vast majority of settlements with Tajikistan are now made in the Russian currency, according to the president The share of the ruble in Russia’s trade with Tajikistan topped 80% during the first half of 2023, Russian President Vladimir Putin told reporters on Tuesday following a meeting with his Tajik counterpart Emomali Rahmon […]