Tag Archives: Economy

Russia-Iraq trade turnover soars

The figure exceeded $300 million in the first eight months of the year, according to the Russian embassy The trade turnover between Russia and Iraq between January and August 2022 amounts to $313.1 million and has exceeded the figure for all of last year, $282.7 million, an economic adviser at …

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GLOBAL ECONOMY Factory output weakens on widespread slowdown, China COVID curbs

Global factory output weakened in October as widespread recession fears, high inflation, and China’s zero-COVID policy hurt demand, business surveys showed on Tuesday, adding to persistent supply disruptions and darkening recovery prospects. Inflation has soared globally as supply chains still healing from the coronavirus pandemic were hit again by Russia’s …

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Sanctions hurting west more than Russia, Putin says

Russian President Vladimir Putin said Thursday that Western countries were worse hit by sanctions imposed on Moscow over Ukraine than Russia, which he insists has been resilient in the face of “external challenges.” Western countries have slapped Russia with a barrage of unprecedented sanctions after Putin sent troops into neighboring …

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Russian ruble hits highest level since March 2020

The Russian ruble briefly reached its highest level against the dollar since March 2020 on Thursday, supported by capital controls, while stock indexes also climbed as the market watched developments around possible new sanctions against Moscow. The volatile currency hit a high of 65.31 per dollar in early trading on …

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