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Russian Cenbank downplays role of dollar and euro

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The role of the dollar and so the euro as global currencies is prepared to say no. This can be actually because, after the...

Visa allays slowdown fears as strong consumer spending lifts quarter

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Visa Inc said that it expects revenue to accelerate past pre-pandemic levels, reassuring investors of a sustained recovery against the backdrop of challenging macroeconomic conditions...

Russian Netflix users sue streaming giant for leaving market

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Russian users of Netflix have launched a class action lawsuit against the streaming giant for leaving the Russian market, demanding 60 million roubles ($726,000) in...

UK sanctions Alfa, Gazprombank and Lavrov’s step daughter

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Britain sanctioned another wave of Russia's banks, critical industries and a host of members of its elite. This includes Gazprombank, Alfa Bank, and a...

Deutsche bank to wind down Russia

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Deutsche Bank which faced stinging criticism from some investors and politicians for its ongoing ties to Russia, said that it would wind down its...

Gulf markets mixed amid US ban on Russian oil

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Major Gulf bourses traded mixed amid fears of a potential supply shock after the United States announced a ban on Russian oil imports. U.S....

Volkswagen stops orders for some plug-in hybrids

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Volkswagen will stop taking orders for several plug-in hybrid models. This is because of Russia's invasion of Ukraine destabilises its supply chain just as chip...

Major buyers of Russian oil struggles

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The global oil market was thrown into chaos after the invasion of Russia into Ukraine. This is with top buyers of Russian oil struggling...

Britain sanctions Russian oligarch Timchenko & five banks

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Britain imposed sanctions on Gennady Timchenko and two other billionaires with close links to Vladimir Putin. This is after the Russian president deployed military...

Europe’s banks brace for Russia fallout

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European banks were bracing for the fallout from fresh global sanctions. This is as the Ukraine crisis escalated. Even the U.S. bank executives said...