Mexico planning tequila push in Russia – envoy

The North American country will negotiate an increase in exports as it seeks to boost trade with Moscow, its ambassador says Mexico wants to increase exports of tequila to Russia, the country’s ambassador to Russia, Eduardo Villegas Megias, told the news outlet RTVI this week.

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Russia sees another surge in yuan trade

The Chinese currency has been gaining a foothold amid increasing de-dollarisation The share of the Chinese yuan in Russian exports and imports saw another surge in April, increasing by 23% and 31% respectively, the Central Bank of Russia said in its latest review of financial market risks earlier this week.

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Italy’s state debt soars to all-time high

If divided among the Italian population, the sovereign debt would amount to more than €46,000 Italy’s state debt has continued to soar, jumping by €22 billion ($24.1 billion) in April month-on-month to hit a record high of €2.81 trillion ($3,1 trillion), according to the latest data from the central bank.

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