When the UK left the European Union (EU), it wasn’t just a political change. It led to a huge drop in trade, costing the country around $34 billion during the first two years of the EU-UK Trade and Cooperation Agreement (TCA). This new study, done by the London School of
A hidden crisis is spreading across workplaces around the world, and the financial services sector is one of the hardest hit. According to the Financial Times, a new study reveals that burnout, depression, and anxiety are taking a heavy toll on workers’ mental health, and in turn, damaging productivity in
In December 2024, the European Union (EU) and the South American trade group, Mercosur, reached a historic deal after 25 years of tough negotiations. This deal promises big benefits: cheaper food for Europeans and cheaper cars for Latin Americans. But there’s one major roadblock to making the deal official –
The Northern Sea Route (NSR), or Sevmorput as it’s called in Russian, stretches along Russia’s Arctic coast, connecting Europe and Asia. This icy route isn’t just a pathway through freezing waters—it’s a vital part of Russia’s economy, helping the country transport massive amounts of oil, gas, and valuable metals. Nuclear-powered
Russia’s state-owned energy giant Rosneft has struck a massive deal with India’s private oil refiner Reliance Industries. This agreement, worth an eye-popping $13 billion annually, will see Rosneft supplying nearly 500,000 barrels of crude oil every single day to Reliance, making it the biggest oil deal ever between the two
On December 10, 2024, Shaktikanta Das gave his farewell speech as the Governor of the Reserve Bank of India (RBI). But instead of just looking back at his six years in office, he focused on a bold vision for India’s future — a future where the country’s economy could be
Imagine sipping Kenyan tea in Russia or using Russian-made construction materials in Kenya. This is no longer just an idea—thanks to a groundbreaking shipping route connecting the two nations, it’s becoming a reality! The FESCO Transportation Group, a major Russian shipping and logistics company, has launched a direct route between
Imagine holding billions of dollars in frozen assets, but not knowing what will happen if they’re taken away. That’s exactly the challenge facing Euroclear, a Belgium-based financial giant that’s sitting on nearly €197 billion ($213 billion) of Russian assets frozen under EU sanctions. These assets, belonging to Russia’s central bank,
In a surprising turn of events, Adani Ports, part of the Adani Group conglomerate, has decided to walk away from a $553 million loan offered by the United States Development Finance Corporation (DFC) for its Colombo Port project in Sri Lanka. This decision, disclosed by the company on Tuesday, raises
