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"Russia" tag
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How the West will use frozen Russian assets to back Ukraine

G7 leaders plan to use interest from $300 billion in frozen Russian assets to support Ukraine. The funds will serve as collateral for a substantial loan to Kyiv, bolstering its defense against Russia. Funding Ukraine’s fightback...

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What the Israel Hamas War means for global and Indian economy

The Israel Hamas war has sent shockwaves across the world and the rapidly evolving conflict is being closely watched by global leaders. Tensions started when Hamas attacked Israel with over 5000 rockets from Gaza, a...

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Brazil looks to gain from Russia’s war in Ukraine

As the world economy reels from a global slowdown amid the Ukraine war, Brazil could benefit from the multiple crises. No matter whether it’s oil, gas, lithium, food, renewable energy — Brazil has plenty of...

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French power shift: green energy co-op takes on fossil fuels

France is looking to small, self-sustaining green power projects to solve its energy woes. Advocates say the move democratizes electricity production while reducing dependencies on fossil fuels and foreign powers. With its tranquil, tree-lined main...

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EU summit with Latin America: What’s at stake?

EU, Latin American and Caribbean leaders are meeting for the first time in eight years. Free trade and climate change are on EU-CELAC summit agenda. The two-day EU-CELAC summit on July 17 and 18 in Brussels...

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Russia’s rupee problem risks harming trade ties with India

As sanctions cut off major Russian banks from much of the West’s payment systems, finding ways to pay for the crude India imports from Russia has become a challenge. India has emerged as a major buyer...

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Oil price jumps amid production cuts

An unexpected OPEC production cut announcement has pushed up the price of oil. Besides reducing the amount of oil for sale, the move could also play into the hands of Russia and refill its war...

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Saudi oil giant Aramco makes record profits in 2022

Saudi Arabia’s national oil producer Aramco achieved “record” profits totaling $161.1 billion, a nearly 50% increase. The firm saw prices skyrocket after Russia invaded Ukraine, leading to soaring global energy prices. Aramco, the mostly Saudi...

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Hydrogen is changing power dynamics in energy sector

As the EU tries to finalize its hydrogen rules, Asian countries are moving fast to secure deliveries and the US is committing money to set up local supply chains. Can the Middle East collaborate with...

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Qatar signs gas export deal with Germany

The deal struck with QatarEnergy is set to go into effect in 2026 and last 15 years. Berlin is seeking to replace Russian gas, which used to cover over one half of Germany’s annual supply....

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Eurozone inflation jumps to record-high 10.7%

Eurozone: The increase outpaced the predictions from economists. The European Central Bank hinted that another interest rate hike was likely on the horizon. Inflation reached 10.7% across the 19 countries that use the euro currency,...

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Bank of England Steps in to Buy Inflation-Linked Bonds for the First Time

The dollar continues to ride high. It reached its highest level against the yen since the recent intervention. The Canadian dollar has fallen to its lowest level in two-and-a-half years and the New Zealand dollar...