Economy
Oil prices rebounded Tuesday after Monday's volatile session as traders assessed a historic US-India trade agreement potentially reshaping global energy flows and squeezing Russian oil revenues. Brent crude futures climbed nearly 2 percent, recovering from a 4 percent drop the previous day, while......
U.S. Secretary of State Marco Rubio met with India's External Affairs Minister S. Jaishankar in Washington on Tuesday to celebrate a new trade agreement slashing American tariffs on Indian goods and expanding cooperation on critical minerals and energy security. The State Department talks followed......
China holds the top position among nations with the largest foreign exchange reserves, according to recent data from global financial rankings. The country boasts reserves exceeding $3 trillion, a figure that significantly outpaces its closest competitors and underscores its economic dominance on the......
The European Union is set to waive additional origin checks for gas imports from the United States, Qatar, Norway, Great Britain, Algeria, and Nigeria as it rolls out a new enforcement system to phase out Russian gas supplies. This move, outlined in a draft document from the European Commission and reported......
Prosecutors in Frankfurt conducted an operation on Wednesday at premises belonging to Deutsche Bank, Germany’s largest financial institution, according to information confirmed by the bank. In a brief statement sent to the media, Deutsche Bank said it was fully cooperating with judicial authorities,......
A Moscow court has begun proceedings in a massive lawsuit filed by Russia's central bank against Belgium-based Euroclear, seeking 18,200 billion rubles around $235 billion for sovereign assets frozen in Europe since Moscow's 2022 invasion of Ukraine. The presiding judge ordered journalists out......
Spain’s fishing and canning sectors have voiced strong criticism following Morocco’s decision to suspend exports of frozen sardines to the European Union, while continuing to allow Russian fishing vessels access to its maritime waters. According to Spanish media and industry......
Russian crude-loaded tankers are stacking up at sea, unable to offload cargo, as Moscow struggles to revive its Indian market lifeline that rescued its oil trade after European buyers pulled back following the Ukraine invasion. Russia shipped 3.42 million barrels per day over the four weeks ending January......
A ruble-pegged stablecoin tied to sanctioned entities posted remarkable growth in 2025, adding roughly $89.5 billion to its circulating supply and outpacing major dollar-backed stablecoins even as Western sanctions intensified. Known as A7A5, the cryptocurrency launched in early January 2025 by a firm......
Investor Michael Burry, famed for foreseeing the 2008 financial crisis, argues that financial markets are dramatically underplaying the ramifications of the United States' bold military operation in Venezuela. He contends that the muted response in oil prices and stock movements conceals a seismic......
Around 500 million dollars of Telegram bonds remain frozen at Russia’s National Settlement Depository because of Western sanctions imposed after the 2022 invasion of Ukraine, underscoring the messaging app’s ongoing financial exposure to Russian capital markets despite founder Pavel Durov’s......
A rising number of Western-sanctioned oil tankers have switched to the Russian flag in recent weeks to dodge American seizures, including at least three vessels operating near Venezuela that reregistered in Russia since late December. The standout case involves the Bella 1, renamed Marinera and listed......
Bulgaria is set to adopt the euro overnight from Wednesday to Thursday, becoming the 21st country to join the eurozone, a major milestone that has sparked both optimism and anxiety across the country. At midnight, the Balkan nation of 6.4 million people will officially replace the lev, its national......
