Cuba will end state subsidies to tackle the economic crisis it blames on the US embargo The Cuban government will hike gasoline and diesel prices on the island by 500% effective February 1, as part of a set of measures aimed at reducing the country’s large budget deficit.

Global oil markets are heading for a crash that will slash 20% off of the crude price this year, Russian businessman Oleg Deripaska predicted on Tuesday. The tycoon’s warning comes after oil prices fell by about 4% on Monday on sharp price cuts announced by top exporter Saudi Arabia for exports in February. Oil has…

The US aerospace giant’s shares have taken a hit after an emergency landing led to the planes being temporarily removed from service Russian Market is a project by a financial blogger, Swiss journalist and political commentator based in Zurich. Follow him on X @runews