Tag Archives: Economy

Russian economy resilient in face of latest US sanctions – Moody’s

In its latest review of Russia, US-based ratings agency Moody’s said that the country’s strong public and external finances would shield its economy from the impact of the latest US sanctions. The Russian banking system has sufficient earnings capacity to absorb credit losses arising from exposure to the sanctioned companies, Moody’s said. It added, however, that the sanctions will be ...

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Saudi Arabia to invest in Branson's Virgin as part of plan to reshape kingdom’s economy

Striving to diversify its oil-dependent economy, Saudi Arabia is turning to innovative and emerging technologies, bringing huge investment to projects developed by one of the world’s richest men, Richard Branson. At the end of last year, Saudi Arabia’s sovereign wealth fund reportedly made financial arrangements to invest over $ 1 billion in Virgin Group’s space companies.The step is reportedly pending ...

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Trade wars: Trump claims Chinese president 'will take down' barriers harming US economy

As trade tensions threaten to boil over between the two nations, US President Donald Trump insists his Chinese counterpart Xi Jinping will scrap barriers to commerce “because it is the right thing to do.” Washington is seeking to cut a deal with the Chinese government to eradicate a trade deficit and allow US products to enter the market in Asia ...

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Real global economy on a road to nowhere – expert to RT

Since the 2008 financial crisis, central banks have pumped trillions of dollars into the global economy. However, those trillions were created out of thin air, according to Claudio Grass of Precious Metal Advisory Switzerland. Claudio Grass told RT: “I believe even the average person on the street in the Western world realizes that something is fishy. The real economy on ...

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China's response to Trump tariffs will ‘hurt US exports, employment & economy’

Beijing is ready to answer Washington’s $ 60 billion tariff by imposing barriers against American goods, according to the Chinese state daily the Global Times. China will target a large number of American imports, the newspaper reports. Last week, US President Donald Trump imposed $ 60 billion worth of tariffs against Chinese goods in an attempt to cut the massive ...

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Putin's landslide victory to attract additional $30bn to Russian economy

Vladimir Putin’s re-election as Russian president will ensure the continuation of an economic policy that has seen a major spike in foreign investment, says head of the Russian Direct Investment Fund. Read more “Since the elections are over, it will allow institutional investors to actively implement projects in Russia in the medium term, which can provide an additional influx of ...

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‘Not critical’: Russian MP expects EU sanctions to boost economy

The latest extension of economic sanctions by the European Union will not harm Russia’s economy and may even benefit some of its branches, according to an MP representing the opposition party, Fair Russia. Read more “This was a well-expected move, because the European Union is not an independent subject in international politics, it remains under the rigid control of the ...

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‘No winners’: China-US trade war will be ‘disastrous’ for global economy – Beijing

A trade war between the US and China will spell “disaster” for the entire world economy, Chinese Commerce Minister Zhong Shan has warned, after Donald Trump signed orders greenlighting stiff tariffs on imported aluminum and steel. “There are no winners in a trade war,” minister Zhong Shan said on Sunday, warning that a trade war between the two economic superpowers ...

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Key to Russia's greatness is strong economy & innovation – Putin

President Vladimir Putin has said that Russia will retain the status of a great power, including in the defense industry, if innovation becomes the main driver of development. Read more “We need to make sure that the innovative component of Russia’s development is the main driver of the country’s development. If we achieve this… then, without a doubt, Russia will ...

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Cold snap could cost British economy £1bn per day

The UK economy is losing nearly £1 billion ($ 1.4 billion) daily due to an unusually cold winter, which is threatening to put the brakes on the country’s GDP growth in the first three months of the year. This winter is likely to become the costliest weather event since 2010, according to analysts quoted by The Guardian. The country has ...

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