Yuan displacing dollar on Russia’s foreign exchange market – Central Bank

The Chinese currency now accounts for the largest share of forex trading, the regulator reports The share of the Chinese yuan on Russia’s foreign exchange market hit an all-time high in March, the Bank of Russia (CBR) reported in its financial risk review on Monday.

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One killed in overpass collapse in Russia (VIDEOS)

A road bridge has collapsed onto a railroad in Russia’s Smolensk Region, killing one person and injuring at least six more An overpass has collapsed in Russia’s Smolensk Region in the west of the country. At least two vehicles were driving across it at the time of the incident; six people were injured and one…

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Real wages drop globally – UN

Real wages across the world dropped in 2022 for the first time since the global financial crash as the worsening cost-of-living crisis threatens to spark social unrest and deepen inequality, the United Nations labor agency warned earlier this week.

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