Resilient Russian economy surfs sanctions on oil boom
MOSCOW: Russia’s economy may face multiple long-term challenges, but for now energy exports appear to be helping it ride out Western sanctions imposed over the offensive against Ukraine.
MOSCOW: Russia’s economy may face multiple long-term challenges, but for now energy exports appear to be helping it ride out Western sanctions imposed over the offensive against Ukraine.
LONDON: Britain’s beleaguered Prime Minister Liz Truss vowed Wednesday not to cut public spending, once again defending last month’s uncosted tax-slashing mini-budget that has sparked weeks of UK market turmoil.
PARIS: The French government on Tuesday threatened to forcibly break blockades of refineries and oil depots, which have been paralyzed by striking workers, as motorists continued to besiege petrol stations in the hope of filling their tanks.
WASHINGTON: Germany and Italy will slip into recession next year, becoming the first advanced economies to contract in the wake of Russia’s invasion of Ukraine, an IMF forecast showed on Tuesday.
KUWAIT: Boubyan Bank has made a new achievement by being named the “Best Bank for CSR” by Euromoney International, in recognition of its achievements over the past years as well as its sustainable CSR role which contributes to Kuwait’s journey of development and growth.
KUWAIT: Kuwait Economic Society (KES) hosted a seminar titled ‘Real Estate Inflation and Ways to Confront It’ on Monday.
Kuwait: Zain, the leading digital service provider in Kuwait, announced the successful completion of 5G Two Carrier Aggregation (2CC) test, accomplishing a high data download speed of 2.5Gbps.
BERLIN: A price cap to reduce soaring German energy costs following Russia’s invasion of Ukraine should come into force next year with additional help provided beforehand, a government-appointed commission recommended Monday.
PARIS: The Algerian and French prime ministers on Monday hailed a “new dynamic” as they launched a joint economic forum during a visit to Algiers by France’s Elisabeth Borne.
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