Finances

Tesla CEO and SpaceX owner Elon Musk announced last week that he would be stepping away from his April binding merger agreement to purchase Twitter.

Mexico has committed to invest $1.5 billion on infrastructure on the US-Mexico border over the next three years, US President Joe Biden and Mexican President Andres Manuel Lopez Obrador said in a joint statement.

Mr. Musk has appeared reluctant to proceed with the $44 billion agreement, citing uncertainty about the number of fake accounts on the platform.

The euro area’s single currency has fallen to a two-decade low to reach near parity against the US dollar amid fears of a looming recession

Russia has started selling grain abroad in rubles, the country’s biggest agricultural trade and logistics operator has announced

The Russian ruble has extended its three-day slide, pulling back from its historic rally

Russian President Vladimir Putin signed a decree on the repatriation of foreign currency and the currency of the Russian Federation

The Prime Minister of Ukraine Denis Shmygal estimated the country's recovery after the military operations in the amount of $ 750 billion.

The Ministry of Finance of the Russian Federation has proposed to reduce more than 1.6 trillion rubles of expenditures from the budget under state programs in 2023-2025.

French Company Leaves Russian Banks Without Payment Protection

Bloomberg: EU Wants to Ban Russian Gold in New Sanctions Package

Eurozone Inflation Hits Record Annual Rate of 8.6% in June

In the second quarter of 2022, the fall in base metal prices could be the worst since the 2008 global financial crisis.

The UK economy grew by 0.8% in the first quarter of 2022.

UK Imposes Sanctions on Moscow Industrial Bank