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Eurasia Business News

Eurasia Business News

By Swann Collins

Audio podcast of articles published on Eurasia Business News.

Founded in 2017, Eurasia Business News is an independent platform which provides its readers with news and report on business and legal issues in Europe, Russia, Ukraine and Asia. Our goal is to bring valuable information to business leaders, policymakers, scholars and citizens. Articles are published in both English and French.
European Central Bank raises key rates by 75 basis points
European Central Bank raises key rates by 75 basis points
This episode is also available as a blog post: http://eurasiabusinessnews.com/2022/10/27/european-central-bank-raises-key-rates-by-75-basis-points/ The European Central Bank (ECB) raised the key interest rate by 75 basis points to 2% per annum. This is the third rate hike announced by the Frankfurt institution since July. Last time, the key rate was increased by 75 points on September 8. "The Governing Council of the ECB has decided and expects a further increase in interest rates to ensure the timely return of inflation to the medium-term target level of 2%," announced the central bank on its website. The base interest rate has been increased to 2%, the deposit rate is now 1.50%, and the ECB's short-term loans are 2.25%, a level it had not reached since 2009. Our community already has nearly 85,000 members. Sign up to Eurasia Business News to get our exclusive articles. To receive premium content, subscribe, it’s only €8.99/month. You will see the subscription form on posts with restricted access. Support us by sharing our publications! Follow us on Facebook, Twitter and Anchor. © Copyright 2022 – Swann Collins, investor, writer and consultant in international affairs.
04:01
November 06, 2022
Sberbank sold 43% of Fortenova Group to investor from the United Arab Emirates
Sberbank sold 43% of Fortenova Group to investor from the United Arab Emirates
This episode is also available as a blog post: http://eurasiabusinessnews.com/2022/11/02/sberbank-sold-43-of-fortenova-group-to-investor-from-the-united-arab-emirates/ Sberbank sold 43% of Fortenova Group (created on the basis of the Croatian retailer Agrokor) to an investor from the United Arab Emirates (UAE), according to the press release. “The buyer is a large investor from the UAE Saif Alketbi, whose assets include real estate, technology and high-tech companies,” Sberbank said. Sign up to Eurasia Business News to get our exclusive articles. To receive premium content, subscribe, it’s only €8.99/month. You will see the subscription form on posts with restricted access. Support us by sharing our publications! Follow us on Facebook and Twitter © Copyright 2022 – Eurasia Business News.
02:42
November 06, 2022
BRICS: Russia becomes India’s main supplier of oil
BRICS: Russia becomes India’s main supplier of oil
This episode is also available as a blog post: http://eurasiabusinessnews.com/2022/11/02/brics-russia-becomes-indias-main-supplier-of-oil/
03:36
November 06, 2022
The China International Import Expo Opened in Shanghai
The China International Import Expo Opened in Shanghai
This episode is also available as a blog post: http://eurasiabusinessnews.com/2022/11/06/the-china-international-import-expo-opened-in-shanghai/ Companies from 145 countries and regions of the world are taking part in the fifth China International Import Expo (CIIE), which takes place in Shanghai on November 4-10. The opening ceremony was held on Friday. The organizers of this international exhibition claim that its scale will be larger than last year. The theme of this year’s Expo is "Stimulating Global Opening-up for Shared Opportunities of Cooperation and Development". This year, 66 countries, including Russia and India, and three international organizations will present their expositions at the National Exhibition and Congress Center. The IMF Managing Director Kristalina Georgieva attended the opening ceremony. She said that "trade has been an engine of shared growth for Asia and the world" and "We must safeguard and promote trade openness—both at home and by cooperating to build a stronger global trading system centered on the World Trade Organization." In 2022, the Chinese economic recovery is significant. China's GDP increased by 3.9% year-on-year in the third quarter of 2022, compared to 0.4% in the second quarter, the Chinese Bureau of Statistics announced on October 28, 2022. Chinese GDP posted a rebound beyond expectations of 3.4% for the 3rd quarter. China appears today as a technological and digital leader. However, its demographic fragility and the share of private debt in its national economy could slow down its annual economic growth rate. Thank you for being among our readers. Our community already has nearly 85,000 members. Sign up to Eurasia Business News and get our exclusive articles. To receive premium content, subscribe, it’s only €8.99/month. You will see the subscription form on posts with restricted access. Support us by sharing our publications! Follow us on Facebook and Twitter © Copyright 2022 – Swann Collins, investor, writer and consultant in international affairs.
09:35
November 06, 2022