Browsing: Economy

The US Treasury Department has announced it is suspending certain provisions of the 1992 tax convention with Russia. The step follows Moscow’s scrapping of double-taxation treaties last year with those who have imposed sanctions against the country.

Trade turnover between Russia and the European Union has continued to fall amid Western sanctions against Moscow, tumbling to nearly a quarter-century low as of the end of April, RIA Novosti reported on Wednesday, citing Eurostat data.

At 1229 GMT, the yuan was 0.05% lower at 7.2605 to the dollar, its weakest since November and only 11 pips from the top of a narrow 2% daily trading band, the mid-point of which is set by the People’s Bank of China (PBOC)

The dollar index, which tracks the currency against six peers, was last up 0.28% at 105.49

These projects are unique in achieving a significant positive impact in all sectors within short periods of time

However, CBDCs could compete with bank deposits, lender says

RIYADH: Global industries must halve emissions by the end of this decade to reach 2050 net-zero targets, according to a new analysis urging for increased clean energy infrastructure spending. 

The Ukrainian government announced on Monday it had failed to reach an agreement with a group of foreign bondholders that includes financial giants BlackRock and Pimco on restructuring Ukraine’s $20 billion in Eurobonds, according to a report by Reuters.

The bloc can compete in a strategic way, according to competition chief Margrethe Vestager The EU will try to challenge…

WASHINGTON – Six months ago the world’s major central banks were primed for a move that anyone with a credit card or hoping to buy a home or run a business would cheer: A global shift to lower interest rates that would make borrowing cheaper and loans more available across the board.