Mexico raises its still-low minimum wage by 12%, but it marks no increase in dollar terms
Mexico announced Wednesday that it will increase its still strikingly low daily minimum wage by 12% next year. The ...
Russian rouble collapse exposes deep problems in the country’s economy
However, falling energy prices and tighter sanctions in 2023 caused a drop in Russia’s export revenue. The G7 countries, the ...
Russia's interest rate, inflation seen higher after rouble's fall: Reuters poll
The Russian central bank is set to raise its benchmark interest rate by another 200 basis points to 23% at its Dec. 20 board ...
Russia’s ruble is still worth less than a penny, and the Kremlin’s piggy bank for propping it up is running low
Russia’s sovereign wealth fund has been tapped repeatedly to prop up the ruble, leaving the Kremlin with less firepower to ...
thedeepdive2d
Global Trade on Edge as Trump Targets BRICS With Tariff Threats
In a move reminiscent of his first term, U.S. President-elect Donald Trump has issued a sweeping threat of 100% tariffs on ...
The New Voice of Ukraine on MSN2d
Russian Central Bank addresses ruble collapse, blames sanctions on Gazprombank
New restrictions required "adjustments in the servicing of foreign trade flows," the Central Bank noted in its November ...
thedeepdive4d
Russian Central Bank Struggles to Halt Ruble Collapse
The Russian economy is in the throes of a deepening crisis as its currency, the ruble, continues to plummet to record lows, ...
The Street Journal4d
Russia in panic as US sanctions trigger ruble collapse
The Russian ruble has plunged to its lowest level against the dollar since the immediate aftermath of the full-scale invasion of Ukraine in March 2022. The ruble hit 113 against the US dollar on ...
RBC Ukraine on MSN4d
Ruble collapse: Will it have impact on Russia's war in Ukraine
The official exchange rate of the Russian ruble against the US dollar has fallen to its lowest level since March 2022, when ...
cryptopolitan5d
President Vlad Putin declares that Bitcoin is now ‘legal property’ in Russia
Russia just put Bitcoin at the center of its economic chessboard. Earlier today, President Vladimir Putin signed a law that ...
The ruble is down, the price of potatoes is up. But is Russia's economy really in trouble?
The lead story on the front page of Tuesday's edition of Moskovskij Komsomolets, a major state-run newspaper in Moscow, is the uproar over the rising price of potatoes.One lawmaker is calling on the ...
Putin tells Russians there's no reason to panic as the ruble sinks, but analysts say its economy is in trouble
Vladimir Putin dismissed the ruble's latest tumble, but analysts say falling oil prices and sanctions spell problems for ...