Category: Business

China’s leading rating service pointed to the debt-ceiling crisis as the main reason for the decision China Chengxin International Credit Rating (CCXI) slashed its sovereign credit score for the US … Read More

The electric car maker is under fresh scrutiny over a huge data breach and renewed concern over its technical issues A whistleblower working at Tesla has leaked 100 gigabytes of … Read More

Kiev claims Mondelez International is indirectly financing the conflict One of the world’s biggest snack companies, Mondelez International, has been labeled an enemy of Ukraine due to its reluctance to … Read More

The energy-dependent German economy has been in decline since losing cheap Russian oil and gas The German economy, once Europe’s roaring engine of growth, slipped into recession in early 2023 … Read More

Janet Yellen says the government has a few more days before it runs out of cash US Treasury Secretary Janet Yellen has extended the deadline for a potentially devastating default, … Read More

The country’s small- and medium-sized businesses make up just one-fifth of the economy The head of Sber, Russia’s largest state-owned lender, has called the small proportion of small- and medium-sized … Read More

The country is still a dominant economic power but its authority is challenged by Western sanctions, the rating agency says Russia’s economic pull in the Eurasian Economic Union (EEU) remains … Read More

The countries have been forging closer trade ties as both find themselves targeted by Western sanctions Russia and Iran have reached an agreement to boost the use of their respective … Read More

The bloc is exploring “uncharted territory,” sources told the British outlet European Union officials are considering whether to send Ukraine profits generated from Russian assets frozen within the bloc, the … Read More

The US government faces a default on its $31 trillion in debt if lawmakers fail to raise the federal borrowing limit The Fitch credit rating agency has warned that the … Read More

The Russia-led free-trade bloc is striving for the stable economic development of its member states, the president said The role of the Russia-led Eurasian Economic Union (EEU) in the global … Read More

The US default would be disastrous, according to eminent economist Nouriel Roubini The US government’s failure to agree on lifting the debt ceiling is likely to hit markets and damage … Read More