Vladimir Putin is poised to increase the financial burden on Russia’s wealthiest citizens, with new tax proposals aimed at funding the protracted war effort in Ukraine. As Russia’s fiscal pressures
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Russian prosecutors have been instructed to take control of KDV Group, the multibillion-rouble food empire built by Denis Shtengelov, a Siberia-born entrepreneur now residing in Australia. The sweeping move, worth
AstraZeneca, Britain’s largest pharmaceuticals company, has come under intense criticism after reports revealed the expansion of its operations in Russia, despite the ongoing war in Ukraine. Financial filings and investigative
Elon Musk’s SpaceX is making a substantial effort to evade tariffs on equipment imported from China as tensions escalate under President Donald Trump’s trade policies. The rocket company has formally
The chief executive of Airbus Guillaume Faury has issued a stark warning about the potential consequences of the ongoing trade war between the United States and Europe. Speaking at a
Iran’s currency has declined, and many foreign airlines have suspended their flights as they prepare for a retaliatory Israeli attack against the Islamic Republic. On the open market, the rial
As part of a G7 initiative to fund Kyiv’s defense against Russian aggression, EU countries approved a loan to Ukraine of up to €35bn before the year ends. According to
Oil prices reached their highest level in over a month, amid fears of retaliatory attacks by Israel on Iranian oil installations. Biden responded, “We are in the process of discussing
The oil price rose by 4 percent after Iran launched an attack on Israel, the latest escalation of the conflict in the Middle East. One-month contracts for crude (the international
BAE Systems is no longer a pariah, but a saviour to many investors. The latest call for more material by President Zelensky, at the second anniversary, has brought the spotlight
On Tuesday, container shipowners abandoned one of the busiest trade routes in the world. Many of the largest cargo ships diverted to avoid the Red Sea due to the increasing
BP is the first major oil company to halt all shipments via the Red Sea. The company mentioned a worsening situation because of the increasing attacks by Yemeni rebels on
The Pentagon convinced over seven allies in the Red Sea to join a stronger naval task force due to more attacks on commercial ships by Iran-backed militants, resulting in higher
