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EconomyWorld

China and Russia block US sanctions drive -Rt News

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The remaining 13 Security Council members unanimously supported the US-drafted resolution against North Korea China seems not to back down in secretly supporting Russia as Russia continues with its aggressive attack on Ukraine. This is more clear as China and Russia joint effort in blocking US sanction. Exclusive News The UN Security Council failed to reach common ground on new…
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BusinessEconomyTechnologyWorld

Elon Musk pits billionaires against politicians -Rt News

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The world’s richest man asked whether his followers trust government officials over the wealthy Tesla CEO Elon Musk asked social media users on Thursday night whether they trust politicians over billionaires in a viral Twitter poll, drawing more than one million votes in a matter of hours. Most respondents voiced doubt in their elected representatives. Exclusive News The tech…
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EconomyPoliticsWarWorld

US attempts to force Russian default-RT News

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Washington ends bond payments waiver, pushing Russia towards a technical default The sanctions the United States and its European allies have imposed on Russia, which now include an American ban on Russian energy imports, are the most restrictive ever imposed against a major economic power. The speed with which they were put in place, against a country whose economy ranks among the dozen…
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BusinessEconomyPolitics

EU countries see double-digit inflation-RT News

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Estonia, Lithuania and Bulgaria have the fastest consumer price growth in the bloc Meanwhile, most economists urge patience, explaining that sanctions take months to have full effect. If Russia can not get appropriate amounts of capital, parts or supplies over time, that will cause even more factories and businesses to shut down, leading to higher unemployment. Sanctions imposed on Russia have…
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BusinessEconomy

EU leader won’t discuss ban on Russian oil – FT-RT News

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PM Viktor Orban says that a bloc-wide ban on Russian oil would cause “serious” harm to Hungary’s economy Exclusive News Hungarian Prime Minister Viktor Orban has ruled out further discussion on a proposed EU-wide embargo on Russian oil, the Financial Times reported on Tuesday. Although other EU leaders insist a ban is close to being finalized, Orban has said that such a deal can’t be…
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Economy

Washington’s anti-China economic framework offers nothing to prospective members-RT News

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The Indo-Pacific Economic Framework wants China’s neighbors to buy American hot air Exclusive News On Monday, during his first official visit to Japan, US President Joe Biden announced the launch of a new project calledthe ‘Indo-Pacific Economic Framework’, which the White House claims to be an economic vision for Asia in an obvious bid to try and counter China. Thirteen…
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EconomyWorld

18 million people facing severe hunger in Sahel region-Aljazeera

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It cites the effects of Russia’s war in Ukraine, the COVID-19 pandemic, climate-induced shocks and rising costs as the reasons. It cannot be argued that the the conflict will likely impact food security in Africa. Both through availability and pricing in some food crops, particularly wheat and sunflower, as well as socio-economic recovery and growth, triggered by rising uncertainties in…
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