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UK won’t seize Russian money – Politico   

Britain may never confiscate frozen Russian assets despite pledges, as such a move would have massive legal ramifications, experts warn Read Full Article at

Sales of low-alcohol drinks surging in Russia – data

Russia’s alcohol and tobacco regulator has released new quarterly data about sale of spirits in the country Read Full Article at

Tesla to axe more than 10% of global workforce – media

The layoffs come as the electric carmaker prepares for “the next phase of growth,” CEO Elon Musk said Read Full Article at

Siemens boss downplays Germany’s China decoupling plans

German manufacturers would need decades to reduce their dependence on China, the Siemens chief financial officer has told the FT Read Full Article at

Russian seaborne oil shipments hit 11-month high – Bloomberg

Seaborne exports of Russian crude surged to an 11-month high in the second week of April, Bloomberg has reported Read Full Article at

Spain to end golden visa program

Spain plans to terminate its golden visa program as Madrid attempts to cool down a housing crisis Read Full Article at

US facing worst risks since WWII – JPMorgan boss

The US should strengthen partnerships with other Western nations to withstand challenges, the country’s top banker insists Read Full Article at

Yuan displacing dollar on Russia’s foreign exchange market – Central Bank

The share of the Chinese yuan on Russia’s foreign exchange market hit an all-time high in March, according to the central bank Read Full Article at

Russian banks’ profits could beat 2023 record – central bank

This year could prove more profitable for Russian banks than the record-breaking 2023, Central Bank Deputy Governor Olga Polyakova has said Read Full Article at

Russian billionaires score partial victory on EU sanctions

The European Union’s highest court has ruled that the 2022 blacklisting of bankers Mikhail Fridman and Petr Aven was not justified Read Full Article at

French supermarket giant suspected of major tax evasion in Russia – RBK

Federal Tax Service may additionally slap retailer Auchan with a nearly $2 million fine over suspected crimes, RBK says         Read Full Article at

‘Zelensky Vodka’ project fails

The producer of a vodka named after Ukraine’s President Vladimir Zelensky has gone bankrupt due to poor sales Read Full Article at

Two more Russian allies stop accepting payment card

Risk of secondary sanctions by the US forces banks in Kyrgyzstan and Kazakhstan to stop accepting Russia’s popular Mir card for payments Read Full Article at

Boeing output plummets as safety fears linger – Reuters

A wave of safety checks and Federal Aviation Administration audits has reportedly led to a drop in production of Boeing’s 737 MAX jetliner Read Full Article at

EU boosts gas purchases from Russia – Reuters

The share of Russian gas in EU imports jumped to 15% in 2023, largely due to increased LNG shipments, Reuters reports Read Full Article at

Russia exits have cost Western firms over $100 billion – Reuters

Western companies that left Russia amid Ukraine-related sanctions have suffered $107 billion in losses, Reuters reported Read Full Article at

Sam Bankman-Fried sentenced to 25 years in prison

The disgraced FTX founder “orchestrated one of the largest financial frauds in history,” government prosecutors argued Read Full Article at

China’s electric tech advances ‘unfair competition’ – US Treasury

US Treasury Secretary Janet Yellen has accused China of producing too many electric cars, batteries and solar panels Read Full Article at

America’s top 1% get $2 trillion richer

The combined wealth of the top 1% of Americans has hit a record high, reaching $44.6 trillion, the Federal Reserve has said Read Full Article at

Russians cooling on Dubai – Bloomberg

Russians are slashing investments in Dubai due to a rise in local prices and tighter US sanctions compliance policy, Bloomberg says Read Full Article at

China fires up its ‘artificial sun’

A new round of nuclear fusion experiments for an advanced superconducting tokamak (EAST), or “Chinese artificial sun,” kicked off at the Hefei Institutes of Physical Science this month, Xinhua News Agency reported on Tuesday. Read Full Article at

Japanese forced to downsize on french fries

Japan’s branch of the globe’s largest fast food chain McDonald’s has run short on french fries amid delays in potato shipments. It has been forced to cut portions of its number-one dish. Read Full Article at

Europe faces full-blown energy crisis

Amid a shortage of natural gas, lowered wind power output, outages at nuclear energy facilities and cold weather with winter just starting, power prices in Europe soared this week – and the worst may yet to come. Read Full Article at

Germany ditching nuclear power at worst possible time

Germany is on track to close nearly half of its nuclear reactors before the end of 2021. The shutdowns are set to place a huge burden on European power grids in the face of one of the worst energy crises ever. Read Full Article at

P&G recalls hair products over grave health risk

Procter & Gamble (P&G) has issued a voluntary recall of nearly three dozen of its aerosol hair products after recent reports that indicated traces of benzene, a cancer-causing chemical. Read Full Article at

Gas price in Europe smashes all-time high

European prices for natural gas exceeded $2,100 per 1,000 cubic meters for the first time ever, on Tuesday, according to Intercontinental Exchange’s London clearing house. Read Full Article at

New leader in LNG exports about to emerge

The US is set to boost its liquefied natural gas (LNG) capacity, once two new liquefaction units become operational late next year. This would enable the country to overtake Australia and Qatar as the world’s top LNG exporter. Read Full Article at

Chinese influencer slapped with $210mn fine

China’s top livestream sales influencer is facing a multimillion-dollar fine for tax evasion. Her social media platform has also been shut down. Read Full Article at

Walmart sued over massive hazardous waste dump

California officials have filed a lawsuit against retail giant Walmart, alleging the company illegally disposed of hazardous waste at a rate of “more than one million items each year” at landfills across the state. Read Full Article at

Top Chinese influencer shut down & slapped with huge tax fine

China’s top livestream sales influencer is facing a multimillion-dollar fine for tax evasion. Her social media platform has also been shut down. Read Full Article at

Jack Dorsey names US dollar replacement

The co-founder and former CEO of Twitter Jack Dorsey has once again expressed his unwavering support for Bitcoin, saying that the world’s most valuable cryptocurrency would replace the US dollar. Read Full Article at

US govt has huge secret crypto stockpile

The US government has been seizing and then auctioning off cryptocurrencies for years. The process is gaining steam, so it has enlisted the help of the private sector to manage the storage and sales of its hoard of tokens. Read Full Article at

European gas prices surge

Gas prices in Europe spiked more than 7% on Monday, with the price of January futures on the TTF hub in the Netherlands hitting $1,732 per 1,000 cubic meters, or €148.87 per megawatt hour in household terms. Read Full Article at

Gas price in Europe going up, up, up

European gas prices surged more than 7% on Monday, with the price of January futures on the TTF hub in the Netherlands hitting $1,732 per 1,000 cubic meters, or €148.87 per megawatt hour in household terms. Read Full Article at

Russian billionaire buys most expensive private jet – reports

Russian businessman Roman Abramovich has reportedly acquired a Boeing 787-8 Dreamliner jet worth $350 million, the most expensive private jet in Russia to date, Forbes magazine wrote, citing sources in the aviation market. Read Full Article at

Eurozone inflation soaring ‘significantly higher’ – ECB

The European Central Bank (ECB) raised its inflation projections this week and slashed its 2022 growth outlook, saying the pandemic and supply chain disruptions are slowing the eurozone's economic recovery. Read Full Article at

Russia-India cooperation in diamond industry ‘growing at S-400 missile speed’

One of India’s major diamond processing companies hailed its cooperation with Russia in the diamond industry, saying, “the whole world is wearing Russian diamonds with Indian cut.” Read Full Article at

Russia saving gold & kopeks for rainy day

Russia’s forex reserves have surged $2.7 billion in the week through December 10, with total holdings amounting to $622.8 billion, according to data revealed by the country’s Central Bank. Read Full Article at

Wall Street bank hit with fines for using WhatsApp

The world’s biggest Wall Street firm by total revenue, JPMorgan Chase, has been hit with $200 million in fines this week for allowing employees to use personal devices to communicate with clients. Read Full Article at
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