A report by Axios issued a stark warning, highlighting that the United States’ imposition of a ban on the TikTok application or its enforced sale could ignite far-reaching economic tensions between Washington and its adversaries on the global stage. Axios astutely underscored that the actions taken by the United States could serve as a precedent ..read more

Ukraine is ready to extend the transit of Russian gas through its system, but only at the request of the European side and under new agreements with Moscow, Ukrainian Prime Minister Denys Shmyhal said at a press conference, reported Ukrainian Interfax. “We, of course, are not going to negotiate with the aggressor country to extend ..read more

The British company BP plans to invest about $1.5 billion in Egypt over the next few years to develop gas and drilling projects in the country. Bloomberg reported that this investment, which will be specific to the company, comes after the British company announced earlier this month a joint project focusing on gas in Egypt ..read more

Argentina’s presidential election on November 19 marked a significant shift in the country’s political trajectory, as voters elected Javier Milei, a right-wing libertarian. With a resounding victory, Milei secured nearly 56% of the vote, outperforming his opponent, Peronist Economy Minister Sergio Massa, who received just over 44%. Milei’s triumph reflects the public’s frustration with Argentina’s ..read more

On Tuesday, President Joe Biden expressed his intention to re-establish normal interactions between the US and China, including military communications, during his upcoming discussions with Chinese leader Xi Jinping. This statement came as Biden concluded his address on climate change at the White House. Biden, emphasizing his commitment to enhancing US-China relations, is scheduled to ..read more

Prices for goods in the United States in October increased by 3.2% compared to October last year, according to a report from the US Federal Bureau of Labor Statistics. This is less than in September, when the annual inflation rate was 3.7%. In monthly terms prices did not change. The indicators turned out to be ..read more

When the war between Israel and Hamas in the Gaza Strip broke out on the seventh of October last year, the business and investor community was pessimistic about the impact of this conflict on the global economy. However, the situation has escalated to the point where some are warning of a “global recession.” Since 2020 ..read more

The financial turbulence surrounding JSC Rusnano, a Russian nanotechnology company, has reached a critical juncture, according to a report released by the firm. The report explicitly states that Rusnano is grappling with the inability to meet its financial obligations in a timely manner. As of June 30, 2023, the company’s net debt had escalated to ..read more

In a recent development that has sent ripples through Russia’s financial markets, Andrey Kostin, the head of VTB Bank, expressed concerns over the introduction of a “membrane” proposed by Maxim Reshetnikov, the Minister of Economic Development. Kostin warned that this could lead to dual exchange rates for the Russian Ruble, with one dollar costing 150 ..read more

Central Bank Director Elvira Nabioullina said the key rate would remain at the current level or increase until the end of the year. At the same time, against the background of recent decisions, many economists criticize the head of the Central Bank and the entire financial bloc of the government. Network users often declare their ..read more