Russia may increase its crude oil exports if the European Union ban on imports of the nation’s fuel results in lower refinery throughput, vice prime-minister Alexander Novak said in an interview to Tass.
China may need to set a budget deficit target at above 3% of gross domestic product next year, as the country strives to improve its economic performance, former Finance Minister Lou Jiwei said.
German Health Minister Karl Lauterbach plans to present a law in the first quarter of next year to stop what he called “locust” investors buying up medical practices.
Israel’s central bank granted a conditional license for the establishment of the nation’s second digital bank, co-founded by cybersecurity giant Palo Alto Networks Inc.’s Nir Zuk.
(Bloomberg) — Nio Inc. founder and Chief Executive Officer William Li said the Chinese EV maker may face a challenging first half as a cut in government subsidies and the broader economic slowdown erode local demand in the world’s largest new-energy vehicle market.
China said it will strive to “recalibrate” its relationship with the US and increase communication with Europe as the country outlines its major diplomatic tasks for next year.
European Central Bank Executive Board member Isabel Schnabel says interest rates will have to move into “restrictive territory” to bring inflation back to target.
The Covid-19 outbreak that’s hitting China is being caused by strains of the virus that have already circled the world, with no signs yet of significant new mutations emerging, according to officials at a global consortium that’s tracking the pandemic.
Paetongtarn Shinawatra, daughter of former Thai premier Thaksin Shinawatra, emerged as voters’ top choice to lead the Southeast Asian nation ahead of the next general election tentatively scheduled in May, according to an opinion poll.
Dangerously cold temperatures settled over a wide swath of the US and Canada on Saturday as a massive winter storm upended Christmas holiday travel and left millions without power or facing rolling blackouts.
