(Reuters) – Elon Musk, Twitter Inc’s biggest shareholder, on Saturday suggested a raft of changes to the social media giant’s Twitter Blue premium subscription service, including slashing its price, banning advertising and giving an option to pay in the cryptocurrency dogecoin. Musk, who disclosed a 9.2% stake in Twitter just days ago, was offered a…
By Lidia Kelly MELBOURNE (Reuters) – Ukraine has banned all imports from Russia, one of its key trading partners before the war with annual imports valued at about $6 billion, and called on other countries to follow and impose harsher economic sanctions on Moscow. “Today we officially announced a complete termination of trade in goods…
BERLIN (Reuters) – Germany’s economic growth could fall to 1.4%-1.5% this year, from 2.7% in 2021, with an average of around 590,000 people on reduced-hours lay-off schemes over the course of the year, Labour Minister Hubertus Heil said in an interview with Bild am Sonntag. “We will still be growing,” Heil said. “But this all…
COLOMBO, Sri Lanka (AP) — Thousands of Sri Lankans rallied in the country’s main business district and Christian clergy marched in the capital to observe a day of protest on Saturday calling on the debt-ridden nation’s president to resign, as anxiety and anger over shortages simmered. Protesters carrying national flags and placards, some bemoaning the…
BOSTON (AP) — The credit ratings agency Standard & Poor’s has downgraded its assessment of Russia’s ability to repay foreign debt, signaling rising prospects that Moscow will soon default on external loans for the first time in more than a century. S&P Global Ratings issued the downgrade to “selective default” late Friday after Russia arranged…
(Reuters) – Russia, hit by Western sanctions, has called on the BRICS group of emerging economies to extend the use of national currencies and integrate payment systems, the finance ministry said on Saturday. Sanctions have cut Russia off from the global financial system and from nearly half of its gold and foreign exchange reserves, which…
By Devjyot Ghoshal and Uditha Jayasinghe COLOMBO (Reuters) -Sri Lanka will need about $3 billion in external assistance in the next six months to help restore supplies of essential items including fuel and medicine, its finance minister told Reuters on Saturday. The island nation of 22 million people has been hit by prolonged power cuts…
COPENHAGEN (Reuters) – Danish investment bank Saxo Bank said on Saturday it had terminated clients from Russia and Belarus in response to sanctions imposed on those countries following Russia’s invasion of Ukraine. “It is a small number of clients, and a decision made on the basis of the tougher sanctions imposed on the two countries…
LONDON (Reuters) – Russia faces its first sovereign external default in over a century after it made arrangements to make an international bond repayment in roubles earlier this week, even though the payment was due in U.S. dollars. S&P on Saturday lowered the country’s foreign currency ratings to “selective default” on increased risks that Moscow…
(Reuters) -YouTube has blocked Duma TV which broadcasts from Russia’s lower house of parliament, drawing an angry response from officials who said the world’s most popular streaming service could face restrictions in response. On Saturday, a message on YouTube said the Duma channel had been “terminated for a violation of YouTube’s Terms of Service”. YouTube,…
