Finances

The WTO chief warns of an impending global recession, with multiple overlapping crises to blame

Ukraine has been using donation transactions on crypto-wallets that are involved in fraud

According to the group's own estimation, the winding down of the Russian operations alone reduced its profits by a total of $220 million. In the third quarter alone, its profits fell an astonishing 89%.

Turkish state banks will leave the Russian payment system Mir under the threat of secondary sanctions from Washington

China's economy will grow by just 2.8% this year, compared to 8.1% in 2021, the World Bank said on Tuesday.

Eurozone economic growth is slowing and may wind down to zero, the ECB vice president warns

Russian stocks suffer their worst session since February 24 on geopolitical tensions and the falling oil price

 The United Kingdom announced on Monday new sanctions over referendums in the DPR, LPR, Kherson and Zaporozhye regions, the UK Foreign Office said in a statement.

New Chancellor Kwasi Kwarteng confirmed many of the rumours swirling around his autumn statement on Friday. But his estimate of the cost to the taxpayer of the government's cap on energy bills was way below those of economists.

Soaring gas prices in Moldova will rise further by more than 27% next month, the country’s energy regulator says

The price of firewood in France is soaring due to heightened demand amid the energy crisis, BFMTV reports

India is unlikely to join global recession, as it’s “decoupled” from global markets, rating agency S&P said on Tuesday

Head of the economic bureau of Turkey's Vatan Party, Hakan Topkurulu, on Wednesday called on the government to take a firm stand regarding the Russian Mir payment system and not succumb to US pressure.

ATMs of Kazakhstan's People’s Savings Bank (Halyk Bank) will temporarily not service cards of the Russian payment system Mir, but other types of payment with Mir cards remain available, Sputnik learned from the bank's call center on Wednesday.

The catastrophic floods ravaged the country's cash-strapped economy, with initial estimates suggesting financial losses of around $30 billion. The Shehbaz Sharif-led government has been seeking assistance from foreign governments to overcome the crisis.