China is increasingly dominating the Russian automobile market, now accounting for more than half of passenger car sales. Import growth is already up by a third since the beginning of …
Economics
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Economics
TON of problems: Why a billion users couldn’t help Pavel Durov’s Telegram turn a profit and how his arrest could threaten his business
by Anna Cooperby Anna CooperPavel Durov has been released under judicial supervision in France, but the billionaire founder of the Telegram messaging app still faces charges that could lead to years of imprisonment. His …
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Economics
The white elephant in the room. Why America’s richest are backing Trump
by Anna Cooperby Anna CooperElon Musk is far from the only American billionaire actively supporting Donald Trump’s bid to return to the White House. The Republican cause has received tens of millions of dollars in donations …
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Economics
Winter is coming: Ukraine braces for the worst amid record power shortages
by Anna Cooperby Anna CooperThe upcoming winter in Ukraine is expected to be even tougher than the last one. Russia has shifted its tactics, targeting not only electricity grids but also power generating facilities. …
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Economics
No turning around: Why secondary sanctions on Russia do work
by Anna Cooperby Anna CooperContrary to the popular idea that re-export through Asia has rendered sanctions against Russia ineffective, the statistics paint a less rosy picture for the Kremlin. Approximately 500 companies, primarily from …
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Economics
Sinking flagships: Key Russian companies incur losses and do not pay dividends
by Anna Cooperby Anna CooperDespite formal indications of growth in the Russian economy, many of its flagship firms are experiencing serious problems, reports from key Russian companies show. Businesses are losing markets. They face …
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Economics
All hands on deck: How Ukraine’s labor market is coping with a shortage of men
by Anna Cooperby Anna CooperAt a Jul. 22 meeting with IMF representatives, Ukraine’s Deputy Minister of Economy Tetyana Berezhna estimated that the country is 4.5 million people short of the population needed for economic recovery. Three in …
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Economics
Dragged over the сoals: Russia’s forced subsidization of a dying industry
by Anna Cooperby Anna CooperWorld coal consumption is at a record high, but more than half of Russia’s coal companies are unprofitable due to sanctions and export issues. Global coal consumption is expected to …
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Economics
Treasure Island? Any Chinese attempt to capture Taiwan would be a high stakes gamble
by Anna Cooperby Anna CooperChina is conducting another round of military exercises off the coast of Taiwan, and analysts at the Center for Strategic and International Studies (CSIS) suggest that, in theory, by blockading …
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Economics
The GDP crystal ball: Why IMF and World Bank annual forecasts are no more accurate than a random number generator
by Anna Cooperby Anna CooperDespite sanctions, the World Bank’s June forecast predicts that the Russian economy will grow by 2.9% in 2024, a figure in line with the Bank of Russia’s own expectation. However, …