Britain may never confiscate frozen Russian assets despite pledges, as such a move would have massive legal ramifications, experts warn Read Full Article at RT.com
Siemens boss downplays Germany’s China decoupling plans
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German manufacturers would need decades to reduce their dependence on China, the Siemens chief financial officer has told the FT Read Full Article at RT.com
Yuan displacing dollar on Russia’s foreign exchange market – Central Bank
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The share of the Chinese yuan on Russia’s foreign exchange market hit an all-time high in March, according to the central bank Read Full Article at RT.com
Russian banks’ profits could beat 2023 record – central bank
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This year could prove more profitable for Russian banks than the record-breaking 2023, Central Bank Deputy Governor Olga Polyakova has said Read Full Article at RT.com
Russian billionaires score partial victory on EU sanctions
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The European Union’s highest court has ruled that the 2022 blacklisting of bankers Mikhail Fridman and Petr Aven was not justified Read Full Article at RT.com
Two more Russian allies stop accepting payment card
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Risk of secondary sanctions by the US forces banks in Kyrgyzstan and Kazakhstan to stop accepting Russia’s popular Mir card for payments Read Full Article at RT.com
Boeing output plummets as safety fears linger – Reuters
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A wave of safety checks and Federal Aviation Administration audits has reportedly led to a drop in production of Boeing’s 737 MAX jetliner Read Full Article at RT.com
The combined wealth of the top 1% of Americans has hit a record high, reaching $44.6 trillion, the Federal Reserve has said Read Full Article at RT.com
Russians are slashing investments in Dubai due to a rise in local prices and tighter US sanctions compliance policy, Bloomberg says Read Full Article at RT.com
A new round of nuclear fusion experiments for an advanced superconducting tokamak (EAST), or “Chinese artificial sun,” kicked off at the Hefei Institutes of Physical Science this month, Xinhua News Agency reported on Tuesday. Read Full Article at RT.com
Japan’s branch of the globe’s largest fast food chain McDonald’s has run short on french fries amid delays in potato shipments. It has been forced to cut portions of its number-one dish. Read Full Article at RT.com
Amid a shortage of natural gas, lowered wind power output, outages at nuclear energy facilities and cold weather with winter just starting, power prices in Europe soared this week – and the worst may yet to come. Read Full Article at RT.com
Germany ditching nuclear power at worst possible time
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Germany is on track to close nearly half of its nuclear reactors before the end of 2021. The shutdowns are set to place a huge burden on European power grids in the face of one of the worst energy crises ever. Read Full Article at RT.com
Procter & Gamble (P&G) has issued a voluntary recall of nearly three dozen of its aerosol hair products after recent reports that indicated traces of benzene, a cancer-causing chemical. Read Full Article at RT.com
European prices for natural gas exceeded $2,100 per 1,000 cubic meters for the first time ever, on Tuesday, according to Intercontinental Exchange’s London clearing house. Read Full Article at RT.com
The US is set to boost its liquefied natural gas (LNG) capacity, once two new liquefaction units become operational late next year. This would enable the country to overtake Australia and Qatar as the world’s top LNG exporter. Read Full Article at RT.com
China’s top livestream sales influencer is facing a multimillion-dollar fine for tax evasion. Her social media platform has also been shut down. Read Full Article at RT.com
California officials have filed a lawsuit against retail giant Walmart, alleging the company illegally disposed of hazardous waste at a rate of “more than one million items each year” at landfills across the state. Read Full Article at RT.com
Top Chinese influencer shut down & slapped with huge tax fine
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China’s top livestream sales influencer is facing a multimillion-dollar fine for tax evasion. Her social media platform has also been shut down. Read Full Article at RT.com
The co-founder and former CEO of Twitter Jack Dorsey has once again expressed his unwavering support for Bitcoin, saying that the world’s most valuable cryptocurrency would replace the US dollar. Read Full Article at RT.com
The US government has been seizing and then auctioning off cryptocurrencies for years. The process is gaining steam, so it has enlisted the help of the private sector to manage the storage and sales of its hoard of tokens. Read Full Article at RT.com
Gas prices in Europe spiked more than 7% on Monday, with the price of January futures on the TTF hub in the Netherlands hitting $1,732 per 1,000 cubic meters, or €148.87 per megawatt hour in household terms. Read Full Article at RT.com
European gas prices surged more than 7% on Monday, with the price of January futures on the TTF hub in the Netherlands hitting $1,732 per 1,000 cubic meters, or €148.87 per megawatt hour in household terms. Read Full Article at RT.com
Russian billionaire buys most expensive private jet – reports
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Russian businessman Roman Abramovich has reportedly acquired a Boeing 787-8 Dreamliner jet worth $350 million, the most expensive private jet in Russia to date, Forbes magazine wrote, citing sources in the aviation market. Read Full Article at RT.com
The European Central Bank (ECB) raised its inflation projections this week and slashed its 2022 growth outlook, saying the pandemic and supply chain disruptions are slowing the eurozone's economic recovery. Read Full Article at RT.com
Russia-India cooperation in diamond industry ‘growing at S-400 missile speed’
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One of India’s major diamond processing companies hailed its cooperation with Russia in the diamond industry, saying, “the whole world is wearing Russian diamonds with Indian cut.” Read Full Article at RT.com
Russia’s forex reserves have surged $2.7 billion in the week through December 10, with total holdings amounting to $622.8 billion, according to data revealed by the country’s Central Bank. Read Full Article at RT.com
Wall Street bank hit with fines for using WhatsApp
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The world’s biggest Wall Street firm by total revenue, JPMorgan Chase, has been hit with $200 million in fines this week for allowing employees to use personal devices to communicate with clients. Read Full Article at RT.com
