Delegations from many foreign countries are expected to take part in the Eastern Economic Forum (EEF) that kicks off on Sunday in Russia’s far eastern city of Vladivostok. India, China, Laos, Mongolia and Myanmar will have the largest contingents at the event, according to Russian Deputy Prime Minister Yuri Trutnev, …
Read More »IMF issues warning on global economic stability
The world economy is headed for a difficult year, as the fallout from the recent banking crises and the formation of rival economic blocs triggered by the Ukraine conflict threaten to undermine global economic stability, the head of the International Monetary Fund (IMF), Kristalina Georgieva, said at the China Development …
Read More »The West is poised to throw Yemen under the bus again to fuel its economic war on Russia
Strained by the consequences of the ongoing conflict between NATO and Russia over Ukraine, France may be destroying all prospects for peace in Yemen, in a bid to secure energy resource from the United Arab Emirates. Considered to be home to the worst humanitarian crisis in modern history, according to …
Read More »Putin suggests way out of global economic crisis
The West’s selfish attempts to blame the entire world for its own mistakes have led to the global economic crisis, Russian President Vladimir Putin said on Thursday, appearing via video link at the 14th BRICS Summit. “Only on the basis of honest and mutually beneficial cooperation is it possible to …
Read More »Moscow identifies cause of global economic woes
Russian President Vladimir Putin has accused Western nations of damaging their own economies through money printing while wrongly blaming their problems on the Ukraine conflict. “The latest price hikes, inflation, problems with food and fuel, gasoline, problems in the energy sector are the result of systemic mistakes in the economic …
Read More »Putin speaks at St. Petersburg International Economic Forum
Russian President Vladimir Putin is taking part in a plenary session on the second day of the St. Petersburg International Economic Forum (SPIEF). President of Kazakhstan Kassym-Jomart Tokayev and President of Egypt Abdel Fatah el-Sisi are also attending the session. President of the People’s Republic of China Xi Jinping is …
Read More »World Bank issues grim economic forecast
The World Bank (WB) has cut its global growth projection for this year from 4.1% to 2.9%, warning that many countries are likely to face recession. “Amid the war in Ukraine, surging inflation, and rising interest rates, global economic growth is expected to slump in 2022,” the Tuesday press release …
Read More »US facing economic ‘hurricane’ – JPMorgan
The boss of Wall Street giant JPMorgan Chase, Jamie Dimon, has warned investors that the US is facing an economic “hurricane” as the latest challenges posed by the Fed’s tightening monetary policy and the Ukraine-related crisis are unprecedented. “That hurricane is right out there down the road coming our way,” …
Read More »Fyodor Lukyanov: Russia’s role in the global economic order has turned out to be more significant than the West believed
After weeks of intensive negotiations, the European Union has agreed on a sixth package of sanctions against Moscow. Its main element is the cessation, by the end of this year, of oil imports from Russia delivered to the bloc’s market by sea. According to President of the European Commission Ursula …
Read More »Swimming pools risk closure amid economic crisis – media
The UK fitness industry could be destroyed by the end of the year amid rising inflation and the cost-of-living crisis, the Financial Times reported this week. According to the publication, the rapid rise in electricity prices has been pushing fitness-club owners to save money by reducing opening hours, lowering temperatures …
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