Tbilisi’s main street, Rustaveli Avenue, was blocked for several days this week as thousands of people chanted anti-government slogans in front of the parliament building and sang the Georgian national anthem. Even more protesters gathered at the square in the evenings. By nightfall, the enraged crowd was throwing firecrackers, stones, …
Read More »West warned against sanctioning Russian energy sector
If Western sanctions lead to Russia’s oil exports being completely cut off, the world can expect the international energy market to collapse, a senior figure at the American rating agency Fitch said on Tuesday. Speaking in an interview with Russian news agency TASS, Dmitry Marinchenko explained that the current spike …
Read More »Ukraine crisis may hit vital global economy sector, UN says
Current tensions between Russia and Ukraine are expected to have a negative impact on global grain markets, as both countries are among the world’s largest grain producers.However, it’s currently difficult to assess the scale of potential damage as food prices depend on a range of factors, according to Monika Tothova, …
Read More »Germany wants one major sector excluded from Russia sanctions – media
Germany has reportedly demanded that proposed sanctions against Russia over the crisis in Ukraine do not include restrictions on energy, insisting that the sector be exempted if measures are taken to block banks’ access to US dollars. That’s according to Bloomberg, citing documents seen by the news agency. The EU …
Read More »This sector of the economy raised a record half trillion dollars in 2021
More than 2,000 IPOs, not including special purpose acquisition companies (SPACs), raised $402 billion in 2021 globally, data from Refinitiv shows. This represents growth of 81% in proceeds and a 51% increase in the total number of IPOs from the year before. SPACs, or shell companies listed on a stock …
Read More »US sanctions become blessing in disguise for Iran’s energy sector
Shortly after the US Department of Justice announced on Monday that two million barrels of impounded Iranian oil had been sold for $110 million, a pair of suspicious fires broke out affecting Iranian infrastructure. The first, striking the country’s biggest warship, the IRIS ‘Kharg’, eventually caused the vessel to sink …
Read More »Pandemic-stricken French aviation sector laments move to slash carbon emissions by banning domestic flights
A draft bill won the support of the National Assembly on Saturday night, which would impose a complete ban on domestic flights on routes that can be serviced by trains in less than two-and-a-half hours. The move is aimed at lowering carbon emissions and is part of a broader national …
Read More »Why is Google failing to compete with video game makers when the sector is booming? RT’s Boom Bust finds out
The corporation also pledged to close its Los Angeles and Montreal-based studio offices, saying that most of the Stadia Games and Entertainment team working at them will be “moving on to new roles.” The move shows that Google is giving up hope of competing with gaming mainstays like Sony, Microsoft …
Read More »Galloway: Lying industry may be the only sector of Western economies still in full production & TAXPAYERS pay for it
In the end, it is the sheer childishness of the propaganda which amazes me most, not that our rulers lie about other countries – I have always known that. But somehow there was a kernel of truth around which the web of lies was spun, for example about life in …
Read More »The salary of Russians has collapsed: the fall does not stop. The services sector suffered the most
Real wages in Russia in April decreased by 2% in annual terms, follows from the data of Rosstat. Seems to be not so much, but statistics take into account only the official data. Earnings of workers in the informal sector fell much more. Businesses take time to Supplement sagging budgets …
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