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Russia makes early debt payment dash to dodge default

Russia makes early debt payment dash to dodge default

by Reuters | May 20, 2022 | Business, Economy, Europe, Politics, US

By Karin Strohecker LONDON (Reuters) -Russia rushed forward two payments on its international debt on Friday in its latest attempt to stave off a default that has looked on cards since its invasion of Ukraine. A week before the interest payments are due and just five...
U.S. House passes bill to fight oil and gas price gouging

U.S. House passes bill to fight oil and gas price gouging

by Reuters | May 19, 2022 | Business, Politics, Top News, US

WASHINGTON (Reuters) -The U.S. House passed a bill on Thursday that allows the U.S. president to issue an energy emergency declaration, making it unlawful for companies to excessively increase gasoline and home fuel prices. The bill must pass the Senate, which is...
Aeroflot buys eight stranded Airbuses from foreign leasing firms

Aeroflot buys eight stranded Airbuses from foreign leasing firms

by Reuters | May 13, 2022 | Asia, Business, Economy, Europe, Politics

By Kevin Liffey LONDON (Reuters) – Russia’s biggest airline, Aeroflot, said on Friday it had bought eight Airbus A330 aircraft from foreign leasing companies “as part of the fulfilment of contractual obligations”. More than 400 aircraft leased...
Alibaba lays off 40% of AliExpress Russia staff amid Ukraine war – Nikkei

Alibaba lays off 40% of AliExpress Russia staff amid Ukraine war – Nikkei

by Reuters | May 13, 2022 | Asia, Business, Europe, Politics, Technology

(Reuters) – Alibaba Group Holding has laid off about 40% of the staff in its Russian joint venture as the ongoing Ukraine crisis disrupts cross-border business, the Nikkei reported on Friday. The Chinese e-commerce giant could not be immediately reached for...
Russian inflation jumps to 17.83% in April, highest since early 2002

Russian inflation jumps to 17.83% in April, highest since early 2002

by Reuters | May 13, 2022 | Asia, Business, Economy, Entertainment and Lifestyle, Europe, Politics

(Reuters) – Consumer inflation in Russia accelerated in April to 17.83% in year-on-year terms, its highest level since January 2002, data showed on Friday, as it got a boost from the volatile rouble and unprecedented western sanctions that disrupted logistics...
IEA sees world weathering lost Russian oil supply

IEA sees world weathering lost Russian oil supply

by Reuters | May 13, 2022 | Africa, Asia, Business, Economy, Environment, Europe, Latin America, Middle East, Politics, US

By Noah Browning LONDON (Reuters) – The world will not be left short of oil even with lower output from sanctions-hit Russia, the International Energy Agency (IEA) said on Thursday, after it cut its predictions for supply losses from the world’s No.2...
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