Ankara and the Kremlin are now working to develop an alternative payment system to replace Russia’s Mir system, after the United States threatened Türkiye with sanctions for facilitating the use…

According to a new data release Friday by the Central Statistics Office (KSH), in Hungary, inflation skyrocketed to 25.7% year over year in January. By comparison, in December it had…

On Friday, oil rose 2%, as the Kremlin announced it would be reducing crude production in March in retaliation for Western attempts to impose price caps on Russian energy sales.…

New data released Friday by the UK’s Office of National Statistics showed the UK’s trade deficit with the EU set a new record high in the last quarter of 2022,…

In a forecast published Wednesday, Fitch ratings revised its forecast of China, predicting the Chinese economy will outperform expectations, growing 5% this year. Fitch raised the growth forecast for the…

After being rendered unable to maintain its energy-supply infrastructure due to Western sanctions depriving it of the German-made replacement parts it needs, Russia has now begun producing Iranian-designed parts to…

In a press release Thursday, the German Federal Statistical Office (Destatis) said that Germany’s inflation rate increased 8.7% year over year in January, and 1% monthly. The preliminary data indicated…

According to a new report in Bloomberg citing national statistics and analyses, Russia has managed to keep its economy running through boosting investment in its domestic production infrastructure, and focusing…

On Thursday, Credit Suisse Group (CSGN.S) reported a loss of $1.5 billion, its biggest loss since the 2008 financial crisis. It further warned there would likely be another “substantial” loss…

Energy giant Shell is being sued by a group of activist investors who want the company to make a faster transition away from fossil fuels and toward green energy, according…