Semiconductor exports shipped through China and Hong Kong have dropped as much as 28% in the first five months, Commerce Dept. data shows.
The West could spur inflation and buckle Russia's economy if sanctions were loosened on capital flows out of the country, a Russian economist says.
The Chinese yuan takeover comes after sanctions halted trading in the dollar and euro.
The biggest winners from the dividend payouts were commodities exporters, Bloomberg reported.
Nearly 50 entities and individuals were sanctioned on Tuesday for funding an illicit network in Iran, that's helping fuel Russia's war effort.
Russian manufacturers wouldn't be able to meet demand without these second-hand supplies, a think tank said.
Although de-dollarization is a distant threat, the US has options to keep the movement from growing, a think tank expert said.
Although some foreign economies are trying to de-dollarize, US domestic instability is the real threat, two think tank experts wrote in the FT.
Two Chinese fighter jets approached and circled a Dutch warship last week as it was enforcing maritime sanctions on North Korea, the Netherlands said.
In a recent global survey of 1,660 enterprises, many respondents said their trading partners were unwilling to use the Chinese yuan.
The West could still block the access of all Russian banks to SWIFT — but it would come with major fallout.
Tech
2024-05-17T11:31:42Z
An Arizona woman aided North Koreans in find remote-work US jobs, funnelling their wages back to them in violation of US sanctions, prosecutors said.
Russian President Vladimir Putin is likely to make a sales pitch for a new natural-gas pipeline to China.
Putin's appointment of a civilian economist as defense minister signals Russia's military-industrial complex is now key to its wartime economy.
Russian airlines are circumventing sanctions with plane parts carried in passenger luggage, the Financial Times reported, many coming via the UAE.
India is on track to be the third-largest economy by 2027, but Narendra Modi must tackle mass unemployment and abject poverty in a third term.
Decades of Western sanctions have driven up inflation, government debt, and poverty rates in Iran. Russia could meet the same fate under Putin.
The US could sanction an entire IDF unit for the first time following allegations of the Netzah Yehuda battalion violating human rights, says Axios.
A total of 203 superyachts were sold globally in 2023 — a 17% drop from last year, according to the SuperYacht Times.
Iran is a key arms supplier and economic partner to Russia.