BUSINESS

Growing numbers of firms pull back from Russia

Thirty years ago when communism collapsed in the Soviet Union, Western firms jostled to be first through the door.

The arrival of brands such…

Denmark authorises construction of gas pipeline from Norway to Poland

Denmark has authorised the construction of a new pipeline between Norway and Poland to reduce Warsaw's dependence on Russian gas.

The "Baltic…

Investors seeking to offload Russian assets have a tough task

Investors seeking to offload holdings in Russian assets will find that the actual unwinding will be a complex and potentially expensive endeavor.

Across the US CBD glut inspires gamble on industrial hemp

It all began in 2019. Travis Samuels and Brandon McFarlane, cousins in the United States state of Vermont, had grown newly legalised hemp to produce…

BP to offload stake in Russias Rosneft cites invasion of Ukraine

British energy giant BP announced Sunday it was offloading its 19.75 percent stake…

Ukraine conflict: Russia doubles interest rate after rouble slumps

Russia has more than doubled its key interest rate after the rouble slumped by 30% against the US dollar.

Bank of Russia said it raised the…

Switzerland extradites key figure of Cum-Ex scandal to Germany

Swiss authorities on Thursday extradited a German lawyer sought by Germany on account of being a key leader of a massive tax fraud scheme called…

How badly will Russia be hit by new sanctions

Excluding Russian banks from Swift and the Russian central bank from international operations has, up until now, been considered a last resort.