Russia

Wall Street Banks Prep For Grim China Scenarios Over Taiwan

Wall Street banks brace for bleak China scenarios over Taiwan

The fiery rhetoric between Beijing and Washington over Taiwan has unsettled business. Global financial firms, still plagued by multibillion-dollar losses in Russia, are now reassessing the risks of doing business in Greater China after tensions escalated over Taiwan. Lenders including Societe Generale SA, JPMorgan Chase & Co. and UBS Group AG have asked their staff …

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Shorter showers, slower journeys and an Eiffel Tower outage: How Europe plans to cut gas consumption this winter

Shorter showers, slower journeys and an Eiffel Tower outage: How Europe plans to cut gas consumption this winter

Whether it’s cutting shower time, driving slower or fining shopkeepers for not closing their doors, Europeans have embarked on a goal of reducing energy consumption at time for winter, and some citizens have taken to social media to share their experiences. For example, German Christopher Hipp offered advice on Twitter on how to defrost a …

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'Path to oblivion': Ukraine's military gains could worsen Russia's economic problems

‘Path to oblivion’: Ukraine’s military gains could worsen Russia’s economic problems

Russian President Vladimir Putin attends a meeting of heads of Shanghai Cooperation Organization (SCO) member states during a summit in Samarkand, Uzbekistan, September 16, 2022. Ministry of Foreign Affairs of Uzbekistan | via Reuters Ukraine’s counteroffensive, which has recaptured large swathes of territory occupied by Russia, could deepen Russia’s economic problems as international sanctions continue …

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Dollar Dominance

China and Russia move to disrupt dollar dominance in oil markets | OilPrice.com

The long-talked-about prospect of the end of US dollar hegemony in global oil and gas markets took another step closer to fruition last week with the announcement that Russian and Chinese oil and gas giants Gazprom and China National Petroleum Corporation (CNPC) agreed to change payments for gas supply in rubles (RUB) and renminbi (RMB) …

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Stock market gains as Russia withdraws troops from parts of Ukraine;  Nasdaq, Apple wins ahead

Stock market gains as Russia withdraws troops from parts of Ukraine; Nasdaq, Apple wins ahead

The tech-heavy Nasdaq composite led gains among major indexes on Monday morning as investors reacted to Russia’s pullout from parts of Ukraine. Meanwhile, economists had expected inflation data to be released on Tuesday to show it is slowing. Apple (AAPL) gained more than 3%. Energy stocks led the sectors. X The Nasdaq composite traded 1% …

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