Source link Human rights activists have demanded that Shell deal with the damage from oil spills in Nigeria before withdrawing British energy giant Shell has announced it has reached an agreement to sell its onshore assets in Nigeria in a deal worth $2.4 billion. The company is embroiled in long-running legal battles over environmental pollution […]
Tag: economy
Russia’s economy can overtake Japan’s within four years – minister — RT Business News
Source link Maksim Reshetnikov noted the large disparity in the two countries’ growth rates Russia may overtake Japan as the world’s fourth largest economy in the coming years, Economy Minister Maksim Reshetnikov stated on Wednesday. Russia has already moved passed Germany, the EU’s economic heavyweight, in purchasing power party (PPP) terms and now has the […]
French ‘war economy’ wins from Ukraine tensions – defense minister — RT World News
Source link The conflict with Russia generates jobs and export advantages for arms manufacturers, Sebastien Lecornu has said The surge in demand for weapons amid the Ukraine conflict benefits the economy of France, Defense Minister Sebastien Lecornu told Le Parisien on Wednesday. The senior official revealed plans to produce 78 Caesar howitzers for Ukraine in […]
Global economy did better than projected in 2023 – IMF — RT Business News
Source link Global economic growth will get a boost this year from a stronger-than-anticipated 2023, Kristalina Georgieva, the managing director of the International Monetary Fund (IMF), said on Tuesday as cited by Bloomberg. The projection follows the IMF’s less optimistic October outlook, when it said that global growth will continue to slow to 3.0% in […]
Losing Russian gas has hurt Germany’s economy – minister — RT Business News
Source link The country is now in a “particularly” difficult situation, Vice-Chancellor Robert Habeck has warned The German economy has lost its competitive advantage after abandoning Russian gas supplies, Vice-Chancellor and Economy Minister Robert Habeck stated on Wednesday. The EU’s top economy benefited from cheap Russian energy for over two decades. It relied on the […]
Russian economy on ‘sustainable growth trajectory’ – Mishustin — RT Business News
Source link Russia has not only withstood the pressure of Western sanctions and outside risks but has also managed to steer its economy toward sustainable growth, Prime Minister Mikhail Mishustin said on Tuesday. Every sector of industry registered positive developments over the past year, according to the official. “We have managed to neutralize external risks […]
German economy stalls – data — RT Business News
Source link Growth in the EU’s powerhouse has continued to slow amid persistent economic headwinds The German economy shrank by 0.3% year-on-year in 2023 after being hit by high inflation, soaring energy prices, and weak foreign demand, the Federal Statistical Office has reported. The decline in economic output eases to 0.1% when adjusted for calendar […]
India’s economy is poised to grow rapidly. Can it deliver? — RT India
Source link With the latest official projection of 7.3% GDP growth, the big question is whether the most populous nation’s growth trajectory will match the high expectations Last week the Central Statistical Office of India released official projections for gross domestic product (GDP) growth for 2023-24. It was a pleasant shock, especially given the grim […]
Russian economy biggest in Europe – Putin — RT Business News
Source link The country has outperformed its regional peers in terms of purchasing power parity, according to the president The Russian economy is growing at a rapid pace, and its gross domestic product (GDP) may have expanded by more than the previously estimated 3.5% in 2023, President Vladimir Putin stated on Thursday. Speaking with business […]
Russia names main threat to global economy — RT Business News
Source link US government debt and the budget deficit present the biggest threat to the global economy this year, Russian government agency Roscongress has said. Washington’s $34 trillion debt is mathematically impossible to pay off, Roscongress claimed in a report it published on Wednesday. The agency based its estimate on the current ratio between the […]
Russian economy is in a ‘structural shift’ – Putin — RT Business News
Source link Western sanctions have forced the country to focus more on manufacturing than energy exports, and the change has been beneficial, according to Russia’s president The Russian economy is in good shape and is rapidly expanding despite pressure from Western sanctions, President Vladimir Putin said during his visit to Vishnevsky Military Hospital in Moscow […]
Putin was right about economy in 2023 – ex-Austrian FM — RT Russia & Former Soviet Union
Source link Germany lost its place as the world’s 5th largest economy to Russia, just as the president predicted, Karin Kneissl has said Russian President Vladimir Putin was right on the mark when he suggested last summer that his country would overtake Germany in the list of top economies by purchasing power parity (PPP) despite […]
Eurozone economy faces bleak 2024 – FT — RT Business News
Source link Most analysts polled by the media believe the single currency bloc is already in a recession The 20-nation euro currency bloc is expected to see only moderate economic growth, +0.6% in 2024, according to the results of a survey carried out by the Financial Times among 48 economists. The outlooks issued by the […]
Chemical industry new driver of Russian economy – minister — RT Business News
Source link Domestic demand for the sector’s products increased by 11.5% year-on-year in 2023 The chemical industry has significantly contributed to the Russian economy in 2023, Industry and Trade Minister Denis Manturov said on Friday at the ‘Russia’ expo being held at Moscow’s VDNKH complex. The minister highlighted stable growth in consumption of chemical industry […]
Here’s why the Russian economy not only survived, but grew in 2023 — RT Business News
Source link The Russian economy has been growing much faster than expected in 2023, despite numerous rounds of sanctions – in what many see a failure of Western policy. RT reviews the economic performance through the outgoing year. Adapting to sanctionsThe Russian economy has not only withstood Western restrictions, but has seen stronger growth through […]