International/Economy


 2 min read

Economy
One hundred rubles banknote is pictured in front of a one US dollar banknote, Gelsenkirchen, Germany, Monday, April 25, 2022.

Russian ruble becomes world’s best performing currency, despite sanctions

Ruble firms 30% against dollar

 2 min read

Economy
Ukraine's President Volodymyr Zelensky during his address by video conference as part of the World Economic Forum (WEF) annual meeting in Davos on May 23, 2022

Zelensky calls for more Russia sanctions in Davos

Ukrainian president urged for complete withdrawal of foreign businesses from Russia

 3 min read

Economy
Delivery riders queue up outside a McDonald's restaurant in east London, UK, on May 13, 2020.

McDonald's to exit Russia, sell business in country

'Business in Russia is no longer tenable, nor is it consistent with McDonald's values'

 3 min read

Economy
A man watches a screen showing Russia's President Vladimir Putin on the facade of the Bombay Stock Exchange building in Mumbai, India, on February 24, 2022.

Morgan Stanley warns 2022 global economic growth to take major blow

The brokerage forecasts 2022 global growth to be at 2.9 percent, compared to 6.2 percent the year prior

 3 min read

Economy
An American Airlines aircraft flying over Gloster City, New Jersey approaches Philadelphia International Airport, Pennsylvania, October 22, 2021.

Airlines expect travel will rebound to pre-Covid levels in 2023

'We are seeing a strong recovery, and I think that recovery will gather momentum'

 3 min read

Economy
Workers wearing personal protective equipment (PPE) are seen next to food delivered by the local government for residents in a compound during a Covid lockdown in the Jing'an district in Shanghai, China, on April 10, 2022.

China’s Covid lockdowns bite local, international economies

'This has affected not only the supply chain within China, but… [also] around the world'

 3 min read

Economy
Poor families receive flour rations and other basic food supplies from charities in the province of Lahj, in southern Yemen, on March 29, 2022, amid doubling food prices.

IMF: Ukraine war to hit MENA's poor nations, boost oil-producers

Low-income countries face increased pressure due to lower levels of food security

 3 min read

Economy
Britain's Prime Minister Boris Johnson (L) and his Indian counterpart Narendra Modi at Hyderabad House in New Delhi, India, on April 22, 2022.

UK, India seal defense and economic pact

'We're telling our negotiators to get it done by Diwali in October. This could double our trade' by 2023

 3 min read

Economy
A sign for the International Monetary Fund’s annual Spring Meetings is displayed outside the World Bank headquarters in Washington, DC, the United States, on April 13, 2022.

IMF: Fragmentation poses 'serious risk' to global prosperity

Globalization 'lifted hundreds of millions out of poverty... fragmentation would undo many of these gains'

 3 min read

Economy
US economist Joseph Stiglitz (L) and French economist Thomas Piketty attend a press conference on September 19, 2019 in Paris.

Economists urge G20 set up register to track oligarchs

'We now have a unique opportunity to make progress on the implementation of a global asset registry'

 3 min read

Economy
A worker counts money during a World Food Programme cash distribution in Kabul, Afghanistan, on November 29, 2021.

World Bank plans $170b crisis fund, slashes global economy forecast

'I'm deeply concerned about developing countries. They're facing sudden price increases'

 3 min read

Economy
In this file photo taken on April 15, 2020 a sign is seen outside the headquarters of the International Monetary Fund (IMF) in Washington DC, US.

IMF anticipates 'significant' climate, pandemics trust pledges

Beaumont says that 'it could be a quite significant start to the overall fundraising effort'

 3 min read

Economy
A cargo ship crosses the Bosphorus strait after departing from Russia's Novorossiysk port in Istanbul, Turkey, on March 1, 2022.

WTO: War in Ukraine could halve 2022 global trade growth

Russia's invasion created a crisis of 'immense proportions' and a 'severe blow' to the global economy

 3 min read

Economy
A farmer driving a tractor in the field at Bogatoye village in Izmail, Ukraine, on March 24, 2022.

World food prices hit record high over Ukraine war

The FAO's food price index made 'a giant leap to a new highest level since its inception in 1990'

 2 min read

Economy
Tesla CEO Elon Musk reacts during the unveiling of the new Tesla Model Y in Hawthorne, California, on March 14, 2019.

Elon Musk buys large stake in Twitter, sending stock soaring

Musk is a frequent Twitter user who often posts controversial messages

 2 min read

Economy
Ausrine Armonaite, Lithuania’s economy and innovation minister, speaks with i24NEWS from Vilnius, Lithuania, on April 4, 2022.

Lithuanian minister speaks on financial impact of Ukraine war

'We don’t see [that] people won’t have enough finances for their vacation or tourism in general'

 3 min read

Economy
People buy the last remaining groceries at a store in St. Petersburg, Russia, March 15, 2022.

Russia headed for recession despite ruble rebound, US says

'The economic consequences Russia is facing are severe: high inflation... and deep recession'

 2 min read

Economy
In this file photo, taken on September 13, 2021, a health worker prepares a dose of the Pfizer/BioNTech Covid 19 vaccine at a private school in Quito, Ecuador, on September 13, 2021.

BioNTech’s 2021 profits soar on global vaccine rollout

BioNTech projects vaccine revenues in 2022 to reach between $14 billion and $18 billion

 2 min read

Economy
A worker takes uncut lists of 1000 rouble banknotes at a Goznak factory in Moscow, Russia, on July 11, 2019.

Swiss banks manage up to $213 billion for Russian clients

Meyer says Switzerland 'must do everything possible to turn off the money taps'

 3 min read

Economy
Russia's President Vladimir Putin (L) and Chinese President Xi Jinping in Beijing, China, February 4, 2022.

Russia looks to China for military, economic support

Sanctions froze $300 billion out of the $640 billion that Russia has in gold and forex reserves

 3 min read

Economy
IMF Managing Director Kristalina Georgieva speaks during a panel discussion at the COP26 UN Climate Summit in Glasgow, Scotland, on November 3, 2021.

Russia sanctions may cause IMF to cut global growth forecast

Georgieva says sanctions on Moscow will lead to a 'sharp contraction' of the Russian economy

 2 min read

Economy
The entrance of the Bank for International Settlements is seen during a press preview of the exhibition for its 90th anniversary, in Basel, Switzerland, on October 22, 2021.

Bank for International Settlements suspends Bank of Russia

'The BIS is following international sanctions against the central bank of Russia'

 3 min read

Economy
Oil drilling rigs are pictured at sunset in Oklahoma, United States, March 7, 2022.

US ban on Russian oil: Likely global consequences

Russia is the world's top exporter of crude and oil - a Western ban would have costly consequences

 3 min read

Economy
In this file photo taken on October 18, 2019, World Bank President David Malpass speaks at the IMF/World Bank Annual Fall Meetings Plenary Session in Washington, DC, US.

World Bank mobilizes over $700 million in Ukraine funding

'The World Bank Group is taking quick action to support Ukraine and its people'