Timilehin Adejumobi
The central bank said it planned to continue its key policy rate-cutting cycle, but will act cautiously...
Ukraine
Brent crude futures eased 0.3% to $73.69 a barrel, having earlier fetched as much as $74.80. The rouble dropped...
The sales agreement will not impact Carlsberg's 2023 earnings expectations, the company said in a statement.
Shell, however, quit Sakhalin-2 as one of many Western firms that pulled out of Russia.
Enria acknowledged that banks were no longer granting new loans in Russia and that it was difficult...
The agreement, approved by local authorities, will keep 250 jobs, mainly based at Michelin's sole Russian plant...
"Signs of a broad-based upswing continue to be missing," said Ilja Nothnagel, a DIHK board member, while...
The U.S. Commerce Department action targets support for Russia's military and expands the scope of export controls...
Inflation had steadily crept up over the last year after a series of currency devaluations starting in...
Foreign banks have stepped in to take business from Russian lenders who fell under sweeping Western sanctions...
"The economic setback in the winter half-year 2022/2023 is likely to have been less severe than feared,"...
EU statistics office Eurostat said on Tuesday that prices at factory gates in the 20 countries sharing...
Feyisayo Ajayi
IMF has authorized a four-year, $15.6 billion finance package for Ukraine to help with the nation's recovery...
The bank and the government have faced huge challenges to keep the economy afloat and maintain financial...
Nokian Tyres last year said it would sell the Russian tyre making business in response to the war in...
The company, which reported in preliminary results in January that its 2022 margin was 5%, forecast a 5.5-6.5% margin...
At 0732 GMT the rouble was 0.7% weaker against the dollar at 75.05 , edging closer to...
Europe is set to ramp up its oil war against Russia — and markets are bracing for more disruption
2 min read
It is thought that the EU’s forthcoming embargo on Russian petroleum products will be both more complex...
Egypt turned to the IMF for assistance after Russia's war in Ukraine pushed up its bills for...
"Fuel prices had a significant impact on inflation in the first half of 2022 but they have...
Economy Minister Yulia Svyrydenko described the decline in GDP as the biggest in any year since Ukraine...
Russian Invasion Leads to Staggering Fortune Loss for Ukrainian Billionaire Rinat Akhmetov
1 min read
The decline in Akhmetov's wealth can be attributed to damage sustained by his largest holding, mining and...
The package includes a one-off bonus of 200 euros for about 4.2 million households with annual incomes...
Price caps on Russia’s crude and refined oil exports could force the Kremlin to cut output by between...
Ukrainian billionaire Rinat Akhmetov loses over half of his fortunes since Russia’s invasion
1 min read
Rinat, the richest billionaire in Ukraine and the 617th richest person in the world, saw a $7.24...
Due to the risk of an escalation, the US initially resisted giving the Patriots to Ukraine. It...
"We estimate PPP-weighted global statistical carryover at 0.4% in 2023. Coupled with our forecast for annual average...
IMF chief says war in Ukraine is the ‘single most important negative factor’ for global economy
1 min read
Anything that creates more anxiety is, of course, damaging for the prospects for growth and for meeting...
As part of a supplemental funding request, the Biden administration is asking Congress for $9.25 billion to...
Russia has insisted its economy can weather the storm of international sanctions with Foreign Minister Sergei Lavrov...
The company's support "will ensure that government agencies, critical infrastructure and other sectors in Ukraine can continue...
