Ports in Belgium, Spain, and France have reportedly helped re-export over 20% of LNG deliveries from the sanctioned country The EU is reselling more than a fifth of its imports of liquefied natural gas (LNG) from Russia to other parts of the world, the Financial Times reported on Wednesday.
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British banking giant Barclays will cut 900 jobs across its domestic business, trade union Unite revealed on Tuesday, calling the bank’s move “disgraceful” in the run-up to Christmas. According to Unite, the cuts would mostly target the bank’s back-office divisions such as compliance, finance, legal, policy, IT and risk.
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Russia’s state debt grew by 11.6% in the first nine months of the year as the government borrowed funds to plug a budget gap, RIA Novosti reported on Wednesday. State borrowing between January and September soared, with debt reaching 17% of Russia’s GDP, data showed.
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