FeaturedOil & GasResponding to oil price caps, Russia to send more to AsiaWebAdminSeptember 22, 2022September 21, 2022 by WebAdminSeptember 22, 2022September 21, 2022 Before sending tens of thousands of troops into Ukraine in February, about half of Russia's oil and petroleum product exports went to Europe... Read more
EconomyFeaturedDespite Russia-Ukraine war, staple food prices downWebAdminSeptember 7, 2022September 6, 2022 by WebAdminSeptember 7, 2022September 6, 2022 Until recently, the world's largest and fifth-largest exporters of wheat, as well as the two greatest exporters of sunflower oil, were Russia and Ukraine... Read more
EconomyFeaturedZimbabwe increases benchmark rate: Citizens to face inflation’s ripple effect?IFM CorrespondentAugust 1, 2022August 1, 2022 by IFM CorrespondentAugust 1, 2022August 1, 2022 Of late, Zimbabwe has witnessed an increase in the prices of imported food, petrol, fertilizer, and other commodities.... Read more
FeaturedOil & GasOil & gas: What makes this industry most profitableIFM CorrespondentJuly 25, 2022 by IFM CorrespondentJuly 25, 2022 According to IMF, the fossil fuel industry also benefits from subsidies of USD 16 billion a day.... Read more
FeaturedOil & GasUkraine war impact: G7 proposes price cap on Russian oilWebAdminJuly 7, 2022July 8, 2022 by WebAdminJuly 7, 2022July 8, 2022 This year's G7 Summit was held at the castle resort in the Bavarian Alps and was dominated by the war in Ukraine and its impact on the economy... Read more
FeaturedOil & GasEurope told to buckle-up as Russia set to turn off gas exportsIFM CorrespondentJune 29, 2022June 29, 2022 by IFM CorrespondentJune 29, 2022June 29, 2022 The development comes after Europe was warned by the head of the International Energy Agency that Russia is planning to cut off the gas exports.... Read more
EconomyFeaturedRussia defaults on foreign debt, the first time since 1918IFM CorrespondentJune 29, 2022June 29, 2022 by IFM CorrespondentJune 29, 2022June 29, 2022 Russia has already missed its deadline on Sunday night when it had to meet the 30-day grace period.... Read more
EconomyFeaturedG7 bans Russian gold following Ukraine warIFM CorrespondentJune 28, 2022 by IFM CorrespondentJune 28, 2022 British PM Boris Johnson said that Vladimir Putin is unnecessarily spending his resources on this pointless war against Ukraine.... Read more
EconomyFeaturedRecession may hit America by 2024IFM CorrespondentJune 14, 2022 by IFM CorrespondentJune 14, 2022 Rising interest rates induced a recession six out of seven times in American history.... Read more