Browsing: Economy

Thousands of jobs will be axed at the country’s biggest steelworks as part of a major green restructuring

Germany has been hit hard economically over the past two years, including by the loss of cheap energy, former German Foreign Minister Joschka Fischer admitted in an interview with Augsburger Allgemeine released on Friday.  

MOSCOW, January 16. /TASS/. The price of Brent and WTI crude oil futures with March on London’s ICE reacted with a decline to the news that the Houthis from the Yemeni rebel movement Ansar Allah confirmed an attack on the bulk carrier Zografia off the coast of Yemen.

The upward moves in crude prices have so far shown no signs of panic-buying, although investors remain on edge

The issue of compliance with US sanctions by Chinese banks falls outside the purview of the Kremlin, presidential spokesman Dmitry Peskov told reporters on Tuesday.  

State ownership is a way to solve the problems in the public utilities sector, according to Vyacheslav Volodin

Most payments for imports of such products in 2023 were made using yuan and rupees, according to the outlet

Russian factories produced more than 700,000 vehicles last year in what has been a rapid recovery from Western sanctions, Russian Deputy Prime Minister Denis Manturov announced on Monday.   

The German economy shrank by 0.3% year-on-year in 2023 after being hit by high inflation, soaring energy prices, and weak foreign demand, the Federal Statistical Office has reported. 

The speaker said owing to the government’s resignation and the issuance of an Amir Order on December 20 accepting it