Depository of News

Germany drops case against Russian tycoon – media

A two-year investigation has failed to prove the money laundering and tax evasion charges against Alisher Usmanov, his lawyers say Read Full Article at RT.com

China files WTO lawsuit against EU

Beijing has condemned the bloc’s decision to impose high countervailing duties on Chinese EVs Read Full Article at RT.com

Russia’s unemployment remains at record low – Putin

The number of jobless people, particularly among the young, has continued to decline, according to the Russian president Read Full Article at RT.com

Volkswagen planning mass layoffs – workers’ council chief

The carmaker also plans to shut down at least three factories in Germany in a bid to lower costs, according to its Works Council head Read Full Article at RT.com

Tightening Russian oil sanctions threatens global economy – Le Monde

Stricter restrictions on energy exports from Russia could send global food prices soaring, according to a report Read Full Article at RT.com

Russian energy exports to EU nation hit record high

Hungary’s energy security cannot be guaranteed without cooperation with Moscow, according to Foreign Minister Peter Szijjarto Read Full Article at RT.com

Russia’s richest see fortunes grow – Bloomberg

The country’s wealthiest grew $26 billion richer since the start of the year, according to the latest ranking Read Full Article at RT.com

BRICS rejects ‘illegal’ Western sanctions

BRICS has condemned Western sanctions as jeopardizing global trade and urged their elimination Read Full Article at RT.com

Striking Boeing workers reject wage offer

Boeing employees have voted to reject the latest contract offer which included a 35% pay increase but didn’t restore a pension plan   Read Full Article at RT.com

US making ‘big mistake’ by weaponizing dollar – Putin

Weaponizing the US dollar makes the currency weaker and reduces its credibility, the Russian president said at the BRICS Summit Read Full Article at RT.com

IMF upgrades Russia to world’s fourth-largest economy

The International Monetary Fund has ranked Russia as the fourth-largest economy globally by purchasing power parity Read Full Article at RT.com

Russia to seize income from frozen Western assets – finance minister

Moscow intends to respond symmetrically to the “theft” of the country’s sovereign funds, according to Anton Siluanov Read Full Article at RT.com

Crypto exchange sues US market regulator

The lawsuit against the Securities and Exchange Commission is aimed at protecting the future of the crypto industry, Crypto.com has said Read Full Article at RT.com

Germany downgrades economic forecast

The EU’s economic powerhouse Germany has been struggling with structural problems and wider global challenges, says its economy ministry Read Full Article at RT.com

UK won’t seize Russian money – Politico   

Britain may never confiscate frozen Russian assets despite pledges, as such a move would have massive legal ramifications, experts warn Read Full Article at RT.com

Sales of low-alcohol drinks surging in Russia – data

Russia’s alcohol and tobacco regulator has released new quarterly data about sale of spirits in the country Read Full Article at RT.com

Tesla to axe more than 10% of global workforce – media

The layoffs come as the electric carmaker prepares for “the next phase of growth,” CEO Elon Musk said Read Full Article at RT.com

Siemens boss downplays Germany’s China decoupling plans

German manufacturers would need decades to reduce their dependence on China, the Siemens chief financial officer has told the FT Read Full Article at RT.com

Russian seaborne oil shipments hit 11-month high – Bloomberg

Seaborne exports of Russian crude surged to an 11-month high in the second week of April, Bloomberg has reported Read Full Article at RT.com

Spain to end golden visa program

Spain plans to terminate its golden visa program as Madrid attempts to cool down a housing crisis Read Full Article at RT.com

US facing worst risks since WWII – JPMorgan boss

The US should strengthen partnerships with other Western nations to withstand challenges, the country’s top banker insists Read Full Article at RT.com

Yuan displacing dollar on Russia’s foreign exchange market – Central Bank

The share of the Chinese yuan on Russia’s foreign exchange market hit an all-time high in March, according to the central bank Read Full Article at RT.com

Russian banks’ profits could beat 2023 record – central bank

This year could prove more profitable for Russian banks than the record-breaking 2023, Central Bank Deputy Governor Olga Polyakova has said Read Full Article at RT.com

Russian billionaires score partial victory on EU sanctions

The European Union’s highest court has ruled that the 2022 blacklisting of bankers Mikhail Fridman and Petr Aven was not justified Read Full Article at RT.com

French supermarket giant suspected of major tax evasion in Russia – RBK

Federal Tax Service may additionally slap retailer Auchan with a nearly $2 million fine over suspected crimes, RBK says         Read Full Article at RT.com

‘Zelensky Vodka’ project fails

The producer of a vodka named after Ukraine’s President Vladimir Zelensky has gone bankrupt due to poor sales Read Full Article at RT.com

Two more Russian allies stop accepting payment card

Risk of secondary sanctions by the US forces banks in Kyrgyzstan and Kazakhstan to stop accepting Russia’s popular Mir card for payments Read Full Article at RT.com

Boeing output plummets as safety fears linger – Reuters

A wave of safety checks and Federal Aviation Administration audits has reportedly led to a drop in production of Boeing’s 737 MAX jetliner Read Full Article at RT.com

EU boosts gas purchases from Russia – Reuters

The share of Russian gas in EU imports jumped to 15% in 2023, largely due to increased LNG shipments, Reuters reports Read Full Article at RT.com

Russia exits have cost Western firms over $100 billion – Reuters

Western companies that left Russia amid Ukraine-related sanctions have suffered $107 billion in losses, Reuters reported Read Full Article at RT.com

Sam Bankman-Fried sentenced to 25 years in prison

The disgraced FTX founder “orchestrated one of the largest financial frauds in history,” government prosecutors argued Read Full Article at RT.com

China’s electric tech advances ‘unfair competition’ – US Treasury

US Treasury Secretary Janet Yellen has accused China of producing too many electric cars, batteries and solar panels Read Full Article at RT.com

America’s top 1% get $2 trillion richer

The combined wealth of the top 1% of Americans has hit a record high, reaching $44.6 trillion, the Federal Reserve has said Read Full Article at RT.com

Russians cooling on Dubai – Bloomberg

Russians are slashing investments in Dubai due to a rise in local prices and tighter US sanctions compliance policy, Bloomberg says Read Full Article at RT.com

China fires up its ‘artificial sun’

A new round of nuclear fusion experiments for an advanced superconducting tokamak (EAST), or “Chinese artificial sun,” kicked off at the Hefei Institutes of Physical Science this month, Xinhua News Agency reported on Tuesday. Read Full Article at RT.com

Japanese forced to downsize on french fries

Japan’s branch of the globe’s largest fast food chain McDonald’s has run short on french fries amid delays in potato shipments. It has been forced to cut portions of its number-one dish. Read Full Article at RT.com

Europe faces full-blown energy crisis

Amid a shortage of natural gas, lowered wind power output, outages at nuclear energy facilities and cold weather with winter just starting, power prices in Europe soared this week – and the worst may yet to come. Read Full Article at RT.com

Germany ditching nuclear power at worst possible time

Germany is on track to close nearly half of its nuclear reactors before the end of 2021. The shutdowns are set to place a huge burden on European power grids in the face of one of the worst energy crises ever. Read Full Article at RT.com

P&G recalls hair products over grave health risk

Procter & Gamble (P&G) has issued a voluntary recall of nearly three dozen of its aerosol hair products after recent reports that indicated traces of benzene, a cancer-causing chemical. Read Full Article at RT.com
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