Economy



Gold prices fall to $4,365 as analysts stay bullish on rebound

Gold prices have retreated sharply from recent highs, with spot and futures contracts trading around $4,365 per ounce in early June 2026. The metal previously reached a record above $5,400 in January before entering a sustained correction phase that has now lasted three months. The decline has been driven......

Rosneft chief says U.S. energy firms gain from Strait of Hormuz disruption

The disruption of maritime traffic through the Strait of Hormuz continues to fuel debate over the future of global energy markets, with Russian oil executive Igor Sechin arguing that American energy producers have emerged as the primary beneficiaries of the crisis. Speaking at the St. Petersburg International......

Pirelli shares slide after short seller raises concerns over Russian business exposure

Shares of Italian tyre manufacturer Pirelli came under pressure on Thursday after U.S.-based investment research firm Grizzly Research announced that it had taken a short position in the company and questioned the extent of its exposure to the Russian market. The development triggered a sharp reaction......

Morocco and eurasian union expand economic cooperation talks in Moscow

The Eurasian Economic Commission and Morocco have moved to reinforce their economic partnership during high-level talks held in Moscow. The meeting brought together Daniyar Imanaliev, minister responsible for integration and macroeconomics within the commission, and Morocco’s ambassador to Russia,......

Russia claims gold production reaching 500 tonnes, surpassing China

Russia plans to produce between 480 and 500 tonnes of gold in 2026, according to official projections from the country’s natural resources authorities. Estimates for 2025 place output at 480 to 485 tonnes. If confirmed, these figures would position Russia as the world’s largest gold producer,......

Rubio says India commits to massive $500 billion US imports

Le secrétaire d’État américain Marco Rubio a effectué une visite diplomatique en Inde dans un contexte de tensions commerciales et stratégiques entre Washington et New Delhi. Il a rencontré le Premier ministre Narendra Modi ainsi que le ministre des Affaires......

Qatar says Strait of Hormuz remains closed to normal shipping traffic

Qatar’s foreign ministry has stated that maritime traffic through the Strait of Hormuz has not returned to normal levels, rejecting suggestions that the strategic waterway is reopening. The announcement highlights continued disruption in one of the world’s most critical energy corridors,......

Putin says measures to support Russian economy are starting to show results

Russian President Vladimir Putin stated that government measures aimed at strengthening the national economy are beginning to produce positive effects, despite ongoing concerns over slower growth forecasts. Speaking during a televised meeting with senior officials in Moscow, Putin noted that economic......

Germany maps US potash dependency as potential lever in trade standoff

German officials tasked with identifying vulnerabilities in American supply chains have singled out potash, a critical agricultural input that the United States imports in overwhelming quantities, as a potential pressure point in any future confrontation with the Trump administration. The analysis forms......

Brent crude falls below 110 dollars after volatile spike above 120

Brent crude slipped below 110 dollars a barrel on Thursday, pulling back from a brief spike above 120 dollars the previous day, one of the most volatile stretches on oil markets since the start of the Strait of Hormuz crisis two months ago. The sharp moves underscore a market caught between fears of......

Russia says OPEC+ will endure despite UAE exit, rules out oil price war

Russia has expressed confidence in the stability of the OPEC+ alliance, stating that cooperation among major oil producers will continue despite the recent decision by the United Arab Emirates to leave the group. Deputy Prime Minister Alexander Novak emphasized that the departure of one member is unlikely......

VTB reports decline in first-quarter profit but maintains annual outlook

Russia’s VTB, one of the country’s largest banking institutions, has reported a decline in its first-quarter profit compared to the same period last year, reflecting ongoing economic pressures. The bank indicated that its earnings fell modestly on a year-on-year basis, highlighting the challenges......

EU bans all crypto transactions with Russian and Belarusian providers

The European Union has adopted a sweeping ban on cryptocurrency transactions involving service providers based in Russia and Belarus, marking a major escalation in its sanctions regime. The measures form part of the bloc’s 20th sanctions package targeting Moscow and its allies, shifting from selective......

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