Truss’s term was ended last year when her largely unfunded mini-budget and tax cuts drove up borrowing costs, and mortgage rates and sent the pound plunging. This shattered Britain’s reputation
Liz Truss Has a 90% Chance of Becoming The UK’s Next Prime Minister
According to Smarkets, Liz Truss, UK Foreign Secretary, is expected to succeed Boris Johnson as head of the UK Conservative Party and Prime Minster as the leadership contest enters its
Russian car sales plunged 84% in May, underscoring the damage that sanctions are wreaking on the industry
Russian car sales fell 84% in May as sanctions and international isolation put an industry that was once a hub for foreign investment to a near halt.
Russia is on the brink of a unique type of debt crisis
Investors believe this would be the first time that a major emerging market country is forced into a bond default through geopolitics rather than empty coffers.
The clock ticks towards a Russian default
Russia is facing its first sovereign external default for over 100 years. Russia made arrangements earlier this week to repay international bonds in roubles, despite the fact that the payment
S&P reduces Russia’s foreign currency rating to selective default.
S&P reduced Russia’s foreign currency rating to “selective default” Saturday due to the increased risk that Moscow may not be able or willing to honor its obligations to foreign debtholders.
Russia close to default on its debt – Bondholders paid in roubles
Russia moved closer to defaulting on its international debts on Wednesday when it paid dollar bondholders with roubles. It also stated that it will continue to do this as long
Russia warns West: gas bills in roubles are just days away
LONDON (Reuters) -Russia warned the West on Friday that billing in roubles for billions of dollars of natural gas exports to Europe could be just days away, Moscow’s toughest response
Lufthansa will suspend flights to Kyiv and Odessa starting Monday
A spokesperson for Germany’s Lufthansa group stated that flights from and to the Ukrainian cities of Kyiv and Odessa have been suspended. This was in response to growing Russian invasion
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