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 …
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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 …
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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 …
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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 …
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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,” …
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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 …
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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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On Monday, during his first official visit to Japan, US President Joe Biden announced the launch of a new project called the ‘Indo-Pacific Economic Framework’, which the White House claims to be an economic vision for Asia in an obvious bid to try and counter China. Thirteen countries have signed up …
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US economic growth is set to outpace China this year for the first time since 1976, Bloomberg reported on Friday, citing economists. According to the publication, the lingering effects of the Covid-19 pandemic and recurring outbreaks throughout the country mean that its economic growth will stall, despite Beijing’s fiscal, monetary …
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Most Italians do not support the decisions to slap Russia with sanctions or send weapons to Kiev, an Italian independent investigative journalist, Matteo Gracis, told RT last week, arguing that Rome is acting against its own interests as it follows the lead of Brussels and Washington. On May 9, Gracis …
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