MOSCOW/WASHINGTON:The ruble collapsed yesterday, Russians sought to withdraw their savings and a prominent tycoon urged an end to “state capitalism” in Russia as the country reeled from the effects of Western sanctions over the Kremlin’s invasion of Ukraine.

LONDON: The OPEC+ cartel of top oil producers at their monthly meeting yesterday are likely to be powerless to rein in prices, which have soared above $100 after member Russia’s invasion of Ukraine. 

NEW DELHI: India’s growth rate slowed further in the last three months of 2021, the National Statistics Office said yesterday as it cut its forecast for the current financial year in the face of higher oil prices and geopolitical tensions. 

WASHINGTON: The United States and Western allies sought to cripple Russia’s banking sector and currency Saturday with an extraordinary set of sanctions punishing Moscow’s invasion of Ukraine. 

WASHINGTON: The uncertainty created by Russia’s invasion of Ukraine and its impact on the global economy is piling more complexity onto the US central bank’s already tough fight to contain rising prices. 

NICOSIA: In the breakaway statelet of northern Cyprus, people are grappling with a perfect economic storm-spiking global commodity prices, hobbled tourism and, above all, the fallout from Turkey’s financial crisis.

KYIV: Having evacuated part of his team from Kyiv, Mike Chobanian, boss of cryptocurrency exchange Kuna, is watching the effects of Russia’s invasion on his flourishing industry with a weary eye. 

WASHINGTON: The leaders of the World Bank and IMF signaled Thursday they were ready to help Ukraine, while warning that Russia’s invasion will have repercussions for the global economic recovery.

WASHINGTON: US manufactured goods orders increased far more than expected in January, according to government data released Friday, driven by a big increase in aircraft sales.