Swaps panel asks US Treasury for Russia sanctions workaround
A panel of 13 banks and asset managers have asked the US Treasury to allow trading in Russian assets temporarily, so that investors who wagered…
Africa seeks local fix as war worsens food crisis
Africa is looking to indigenous crops to tackle a worsening food crisis after Russia’s invasion of Ukraine boosted the price of imported wheat.
Swiss customs say Russian gold import arrived from the UK
Gold recorded as originating from Russia arrived in Switzerland from the UK last month, according to the Swiss Federal Customs Administration.
US poised to escalate claim Mexico violated free-trade pact
The US is preparing to escalate its complaints that Mexico’s state-favoring energy policies violate the nations’ free-trade agreement, people familiar with the matter said, a…
China’s Ambassador to Australia heckled by Sydney protesters
China’s chief envoy to Australia was heckled by several protesters in Sydney on Friday as he delivered a speech that attempted to go some way…
US tariffs on China give negotiating leverage, trade chief says
US tariffs on more than $300 billion in annual imports from China provide significant leverage and are useful from a negotiating standpoint, President Joe Biden’s…
Swiss gold refiners say they didn’t import mystery Russian metal
The industry association for Switzerland’s gold refiners said its members didn’t import gold from Russia last month, raising questions about who bought the country’s precious…
Megayachts Run Low on Safe Harbors as Russia Sanctions Bite
When the $325 million Amadea superyacht that’s been linked to Russian billionaire Suleiman Kerimov sailed into Fiji in April, the captain may have figured he…
Brexit has made UK less open and competitive, study finds
Brexit has reduced the competitiveness of the British economy, with alarming implications for productivity and wages, according to the Resolution Foundation.
Wheat advances amid strike on Ukraine port, export talk hurdles
Wheat futures recovered from their recent rout after a Ukraine port was attacked and amid looming uncertainty over the next round of Black Sea grain…
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