Half of Gazprom clients opened rouble accounts: Russia
Russian Deputy Prime Minister Alexander Novak said Thursday that about half of the 54 companies that have natural gas contracts with energy giant Gazprom opened accounts in rubles.
UK inflation hits 40-year high of 9pc
British inflation surged last month to its highest annual rate since 1982, pressuring finance minister Rishi Sunak to offer more help for households and the Bank of England to keep raising interest...
Russia-Ukraine war a wake-up call for Bangladesh’s agriculture sector
Ukraine and Russia, known as “the breadbasket of Europe”, are the major exporters of the world’s basic foods. Both countries export approximately one-quarter of wheat, more than three-quarters of...
Britain’s unemployment hits 48-year low
Britain’s unemployment rate fell to its lowest since 1974 in the first three months of this year, but soaring inflation led to the biggest annual fall in real earnings for most workers since 2013,...
Food inflation pain puts emerging markets between rock and hard place
Like for millions of people in developing and emerging market countries around the world, shopping for staple foods has turned from a necessity into a luxury for Selcuk Gemici.
G7 to continue economic pressure on Russia
Group of Seven foreign ministers vowed on Saturday to reinforce Russia’s economic and political isolation, continue supplying weapons to Ukraine and tackle what Germany’s foreign minister described...
Russian rouble hovers near 5-year highs vs euro
The Russian rouble firmed past 64 per dollar on Monday and climbed towards a near five-year high against the euro, supported by continuing restrictions on currency trading.
Economists sound alarm over UK’s post-Brexit plans
More than 50 economists warned on Monday that Britain’s post-Brexit plans to boost the competitiveness of its huge finance industry risked creating the kind of problems that led to the global...
European dealmakers face fewer debt options amid recession risks
European dealmakers are struggling to finance corporate takeovers as concern that the region’s economies may dip into recession is prompting debt investors to demand bigger rewards for the risks,...
Wheat prices hit record high after Indian export ban
Wheat prices surged to a new record high on Monday after India decided to ban exports of the commodity as a heatwave hit production.