A former central bank official in Russia said the war in Ukraine is taking much of the nation's financial resources.
Europe
China’s Yuan Beats US Dollar as the Top Currency Traded in Russia
China's yuan has ousted the US dollar as the most traded currency in Russia in 2023. China's yuan has ousted the US dollar as the most traded currency in Russia in 2023.
China Snubs Ukraine's Volodymyr Zelenskyy in Davos as It Continues to Side With Russia's Vladimir Putin
Ukraine's President Volodymyr Zelenskyy faced disappointment as his attempts to secure a meeting with Chinese officials during the annual World Economic Forum in Davos, Switzerland, were unsuccessful.
At Davos, Ukraine's Volodymyr Zelenskyy Lashes Out at Russia's Vladimir Putin, Urges Allies to Step up Its Support for Kyiv
For the first time since the start of Russia's invasion, Ukraine's President Volodymyr Zelenskyy has attended the annual World Economic Forum in Davos, Switzerland, in person.
US Launches Additional Strikes Against Houthis in Yemen as Rebels Hit Greek Ship With Missile in Red Sea
The US military launched new strikes in Yemen on Tuesday, targeting anti-ship ballistic missiles in a part of the country controlled by Houthi rebels.
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President Joe Biden has extended the suspension of tariffs on European Union (EU) steel and aluminum for two more years.
Russia has expressed anger over Japan's move to help Ukraine and South Korea's economic sanctions against Moscow.
The delivery of Russian Sokol grade crude oil to the Indian Oil Corp has faced a delay. The delivery of Russia's Sokol crude oil to the Indian Oil Corp (IOC) has reportedly faced a setback due to payment issues, causing shipment delays.
The US dollar has slipped to a five-month low against the euro and several other currencies, The US dollar has slipped to a five-month low against the euro and several other currencies, driven by expectations that the Federal Reserve might soon implement interest rate cuts.
President Joe Biden has signed an executive order providing the US Treasury Department the authority to sanction financial institutions facilitating Russia's efforts to strengthen its military capabilities.
China and Russia have vowed ever closer economic ties despite disapproval from the West that promised to support Ukraine in its war with Russia.
The United Kingdom (UK) and Switzerland have inked a landmark post-Brexit financial services deal on Thursday.
Cryptocurrency exchange Coinbase has successfully secured registration with France's financial markets regulator, paving the way for the US-based company to offer crypto services in the French market.
Russia's President Vladimir Putin has issued decrees granting the government to seize and forcibly sell multi-billion-dollar energy assets from European companies considered "unfriendly" to new state-approved owners.
