Russia Is Spending Big Chunk of Money on Defense That It's Draining the Rest of the Economy
A former central bank official in Russia said the war in Ukraine is taking much of the nation's financial resources.
Europe
Ryanair Reports 34% Increase in Net Profit
Irish low-cost carrier Ryanair said that their net profit rose to $2.09 billion or 34%, making it its best-ever financial performance.
Tesla Offers Unofficial Discounts to European Leasing Companies Amid Price Cut Fallout
Tesla is making efforts to address concerns raised by European leasing companies due to multiple retail price cuts and delays in service...
UK to Put Up Office in San Francisco to Address AI Risks
The UK is intensifying its efforts to assess and address AI risks by opening a new office in San Francisco...
Slovak Media Fears Government Crackdown After PM Assassination Attempt
Slovak journalists are concerned that the assassination attempt on Prime Minister Robert Fico would result in a renewed push for a proposal replacing the country’s public broadcaster RTVS...
Facebook, Instagram Face EU Probe Over Suspicions of Failing to Impose Child Protection Policies
The European Union is investigating Facebook and Instagram under conce...
Russia's Vladimir Putin Visits China's Xi Jinping to Strengthen Economic, Political Ties Amid US Global Dominance
Russia's President Vladimir Putin arrived in Beijing on Thursday for a...
Latest News
Joe Biden Extends Suspension of Trump-Era EU Steel, Aluminum Tariffs for 2 Years
President Joe Biden has extended the suspension of tariffs on European Union (EU) steel and aluminum for two more years.
Russia Warns Japan, South Korea Over Moves to Help Ukraine as US Unveils New Military Aid Package for Kyiv
Russia has expressed anger over Japan's move to help Ukraine and South Korea's economic sanctions against Moscow.
US Dollar Slips to 5-Month Low Against the Euro Amid Fed Rate Cut Expectations
The US dollar has slipped to a five-month low against the euro and several other currencies,
Russia's Sokol Oil Delivery to India Faces Delay: Here's Why
The delivery of Russian Sokol grade crude oil to the Indian Oil Corp has faced a delay.
Joe Biden Signs New Executive Order Targeting Financial Facilitators of Russia's Defense Industry
President Joe Biden has signed an executive order providing the US Treasury Department the authority to sanction financial institutions facilitating Russia's efforts to strengthen its military capabil
US Crypto Exchange Coinbase Gets Regulatory Nod in France
Cryptocurrency exchange Coinbase has successfully secured registration with France's financial markets regulator, paving the way for the US-based company to offer crypto services in the French market.
China, Russia Boast Bilateral Trade at 'All-Time High' Despite Sanctions From the US and Its Allies
China and Russia have vowed ever closer economic ties despite disapproval from the West that promised to support Ukraine in its war with Russia.
UK, Switzerland Ink Post-Brexit Financial Services Deal
The United Kingdom (UK) and Switzerland have inked a landmark post-Brexit financial services deal on Thursday.
Russia's Vladimir Putin Orders Seizure of Energy Assets From ‘Unfriendly’ European Countries
Russia's President Vladimir Putin has issued decrees granting the government to seize and forcibly sell multi-billion-dollar energy assets from European companies considered "unfriendly" to new state-
