Business News
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05.05.20220 157
UK issues grim economic forecast
The Bank of England warns of recession risk as it hikes interest rate to tackle soaring inflation © Getty Images…
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05.05.20220 150
EU nation rejects Russian oil ban proposal
Slovakia says the embargo will destroy the European economy © Milos Mildo / 500px Slovakia warned on Wednesday that it…
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04.05.20220 151
Fed announces highest interest rate hike since 2000
The US central bank cites inflation to raise the base interest rate by 0.5% and sell off its balance sheet…
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04.05.20220 174
Moscow toughens response to Western sanctions
Access to the profits of Russian companies has been limited to creditors from ‘unfriendly countries’ © Getty Images / Bloomberg Creative…
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04.05.20220 178
Ruble hits two-year high against dollar, euro
The Russian currency firms to pre-pandemic levels © Getty Images / Bloomberg Creative The Russian ruble rose to its strongest…
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04.05.20220 145
Supply chain bottleneck warning issued
The Royal Bank of Canada says one-fifth of container ships are currently stuck at global ports © Getty Images / Dennis…
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04.05.20220 150
Russian oil ban details revealed
The EU’s planned embargo goes beyond the borders of Europe, media reports © Getty Images / Bill Ross The European Union…
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04.05.20220 159
EU proposes Russian oil embargo
The complete phase-out is expected to take six months The large tank farm Ölhafen Rostock (GÖR) on the Baltic Sea.…
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04.05.20220 165
Russia averts default
Sovereign bond dollar payments due Wednesday are reportedly reaching creditors © Svetlana Davis / EyeEm Russia’s dollar payments on two…
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03.05.20220 153
German inflation hits four-decade high
Soaring energy costs are pushing consumer prices higher © AFP / Ina Fassbender Inflation in Germany reached its highest level since…