Economy
Two major Russian airlines will evacuate their tourists from Cuba and suspend operations to the island as a severe aviation fuel shortage disrupts the Caribbean nation, Russia’s aviation authority announced Wednesday. Rossiya Airlines, part of the Aeroflot Group, and Nordwind Airlines, also known......
Russia’s oil and gas tax revenues fell in January to their lowest monthly level since the COVID-19 pandemic, highlighting the mounting strain Western sanctions are placing on the Kremlin’s ability to finance its war effort. State income from the energy sector dropped to 393 billion rubles,......
Russian energy company Novatek reported a sharp drop in net profit for 2025, underscoring the growing strain Western sanctions are placing on Moscow’s liquefied natural gas sector. The country’s largest LNG producer said net income fell to 183 billion rubles, or about 2.37 billion dollars,......
Tesla has lodged a criminal complaint against a member of Germany’s IG Metall union after he was caught secretly recording a works council meeting at the company’s Grünheide plant near Berlin, according to an internal staff memo reviewed by Reuters. The incident marks a new escalation......
Russian oil exporters are increasingly declaring Singapore as the official destination for crude shipments, signaling a shift in trade flows as India scales back purchases following a new trade agreement with the United States, according to maritime data from LSEG and market traders. In January, tankers......
Honda Motor reported a sharp fall in profits as U.S. import tariffs, weakening demand for electric vehicles, and ongoing semiconductor supply disruptions continued to weigh on performance. The Japanese automaker said net profit for the nine months through December fell 42 percent from a year earlier......
Cuba introduced sweeping emergency measures on Monday as the island faces a rapidly worsening energy crisis, intensified by US pressure aimed at cutting off its oil supplies. The government ordered a four-day workweek for state-run enterprises, shortened school hours, suspended university classes and......
Mexico has suspended its oil deliveries to Cuba to avoid potential US tariffs threatened by the Trump administration, President Claudia Sheinbaum confirmed on Monday, describing the American sanctions as deeply unfair and warning they would further suffocate an island already facing severe economic distress. Speaking......
Cuba has informed international airlines that jet fuel will be unavailable at all of the island’s airports for an entire month, forcing major carriers to suspend or reroute flights as the nation’s energy crisis reaches a critical level. Officials issued a Notice to Air Missions (NOTAM) warning......
Europe must urgently reduce its reliance on US payment giants Visa and Mastercard, the head of the European Payments Initiative has warned, as officials grow increasingly concerned that American-controlled financial infrastructure could be used as leverage amid worsening transatlantic relations. Martina......
The Chinese yuan climbed to its strongest level in 33 months against the US dollar on Monday, extending its longest winning streak in more than a decade after reports that Chinese regulators advised domestic banks to reduce exposure to US Treasury bonds. The yuan traded as high as 6.9284 per dollar......
Chinese regulators have quietly instructed domestic financial institutions to limit their exposure to US government debt, citing concerns over concentration risk and market volatility, according to people familiar with the matter. The move, first reported by Bloomberg, marks the latest step in Beijing’s......
Japan’s finance minister Satsuki Katayama said the government is prepared to intervene in currency markets if needed, signaling potential action to stem yen weakness following the ruling party’s decisive election victory. Speaking on Sunday, Katayama said authorities would seek dialogue with......
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