The vast Uralvagonzavod tank factory in Western Siberia is running out of workers. Plans to add a second production line for T-90 battle tanks have stalled. “It’s now impossible: there is an acute shortage of personnel at the plant. A master used to need special training, but now they take […]

As I get older, more parts of my body are giving me gyp and I spend more of my life seeing doctors, but the people I don’t envy are the young. They may be fit and keen, but everywhere they look they see problems. The big advantage of capitalism is […]

Australia’s consumer sentiment declined sharply in February to near historic lows seen last year due to the cost of living pressures and interest rate hikes, survey results from Westpac showed on Tuesday. The Westpac-Melbourne Institute consumer sentiment index fell 6.9 percent to 78.5 in February from 84.3 in January. There […]

Despite weak economic activity, Sweden’s central bank raised its benchmark rate by half-percentage point to curb the weakness in currency and also decided to sell government bonds to reduce the asset holdings at a faster pace. At the first monetary policy meeting of Erik Thedeen as the governor of Riksbank, […]

Shares of Credit Suisse Group AG were losing around 9 percent in the morning trading in Switzerland as well as in pre-market activity on the NYSE after the banking major said it sees substantial loss before taxes in fiscal 2023 after reporting narrower loss in its fourth quarter with lower […]

Deep divisions between gas producers and their biggest industrial customers are threatening to stall the Albanese government’s efforts to shore up east-coast gas supplies and set new rules requiring the fuel to be priced at “reasonable” rates in the future. In a bid to tame soaring electricity and gas prices, […]

Russia’s latest budget update shows the price caps on its oil are starting to bite even before the more recent caps on its diesel and other refined products take effect. Official data released by Russia’s Ministry of Finance on Monday show that the budget deficit in January was 1.76 trillion […]

The debt limit standoff between Republicans and Democrats has elevated questions about creative solutions for averting a crisis, including one that at first blush might seem unthinkable: Could minting a $US1 trillion ($1.4 trillion) platinum coin make the whole problem go away? What was once a fringe idea is now […]

Australia’s business conditions remained positive in the final quarter of 2022, but sentiment eroded significantly amid concerns about the global and domestic economic growth, survey results from National Australia Bank showed on Thursday. The NAB business conditions index dropped five points to 18 in the fourth quarter from 23 in […]

Renishaw Plc (RSW.L), a British engineering firm, on Thursday posted a decline in earnings for the first half, amidst higher costs and expenses. However, the company posted a rise in revenue, supported by firm growth in sales of multi-laser additive manufacturing systems, 5-axis co-ordinate measuring machine, inspection systems, and laser […]