Despite stringent sanctions from the U.S. and EU following its invasion of Ukraine, Russia has successfully imported around $2.3 billion in dollar and euro banknotes since March 2022, according to customs data reviewed by Reuters. These figures highlight Russia's ability to bypass sanctions aimed...

China's evolving energy landscape is presenting a complex picture, with shifts in oil demand and surging electricity use highlighting the country's transition toward cleaner power sources. Despite recent concerns over slower oil consumption, China's electricity generation and liquefied natural gas...

Uttar Pradesh, India's most populous state and a significant player in the automotive market, has decided to uphold its recent policy of waiving registration taxes for hybrid cars, a move that benefits Toyota but poses challenges for domestic automakers Tata Motors and Mahindra & Mahindra....

Leasing companies in Europe are grappling with soaring costs for electric vehicle (EV) leases, driven by low resale values and changing market conditions. Industry executives warn that the sector may face significant upheaval if regulatory pressures to transition to electric cars too swiftly...

Record numbers of New Zealanders are leaving the country, driven by rising unemployment, high interest rates, and sluggish economic growth, according to new government data. Statistics New Zealand reported on Tuesday that 131,200 people departed in the year ending June 2024, marking the highest...

According to a finance ministry official on Thursday, India would not join a worldwide corporate tax agreement targeted at extremely profitable multinational corporations unless its reservations about dispute resolution and the handling of withholding tax are resolved.   The "Pillar 1"...

This week, the largest banks in Europe will release their second-quarter profits. All eyes will be on them to see if the current political turmoil has affected confidence or if the advantages from higher interest rates have peaked.   Although a second rate cut by the European Central Bank is...

Washington's efforts to increase output of lithium, nickel, and other metals for the energy transition are hampered by the fact that it takes an average of roughly 29 years to establish a new mine in the United States, the second-longest in the world after only Zambia, according to a report...

The U.S. Treasury Department has finalised a regulation mandating that cryptocurrency brokers—including exchanges and payment processors—report to the Internal Revenue Service any updates regarding users' sales and swaps of digital assets.   The new regulations, which are a result of the $1...

In the sake of national security, China has released a list of rare earth restrictions that restrict the mining, smelting, and trading of these vital elements, which are used to produce everything from consumer electronics to magnets for electric cars.   The State Council or cabinet issued...