Thursday, July 7, 2022
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Economy

Heineken to exit Russia at cost of around 400 million euros

Dutch brewing giant Heineken said on Monday it has decided to exit its business in Russia at an expected cost of 400 million euros ($438...

‘Not engaged in charity’: Russia won’t supply gas to Europe for free, cautions Kremlin

Moscow is handling the details of its gas delivery plans to unfriendly countries for payment in rubles, but it won’t engage in charity if...

In Sri Lanka, as economic crisis worsens, two men die waiting in queue for fuel

 Sri Lankan police said on Sunday two men collapsed and died while waiting in separate queues to secure fuel amid sky-rocketing prices leading to...

Lebanon banks to sell dollars at approved rate starting March 28

Lebanese banks will be allowed to sell the local currency for U.S. dollars and vice-versa starting March 28, on the basis of the rate...

EU readies new tough sanctions against Russia, Belarus

Leaders of the EU member-states expressed readiness to introducing new tough sanctions against Russia and Belarus, the European Council said in its statement released...

Press review: Russia to sell gas globally in rubles and is targeted for G20 ouster by US

Russia will promptly start charging unfriendly countries in rubles for gas supplies, President Vladimir Putin announced. There are over 45 unfriendly countries on the...

Russia’s Gazprom continues exporting gas to Europe via Ukraine

Russian energy giant Gazprom (GAZP.MM) said on Wednesday it was continuing to supply natural gas to Europe via Ukraine in line with requests from European consumers. The...

Japanese Sharp Corporation suspends shipping into Russia

The Japanese multinational electronics manufacturer Sharp announced that it is suspending shipping into Russia over the situation in Ukraine. “Sharp Group is currently...

Finance Minister forecasts 5.5% inflation for 2022

 Minister of Finance of Armenia Tigran Khachatryan commented on the possible inflation in the country and said that the management of inflation is in...

Oil surges 7% amid warnings of Russian supply shortages

Oil prices climbed over 7% on Thursday after the International Energy Agency (IEA) said three million barrels per day (bpd) of Russian oil and...

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