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Russian inflation climbs as Ukraine offensive weighs on economy
Russian inflation climbs as Ukraine offensive weighs on economy
by  AFP

Inflation in Russia accelerated in 2024, official statistics published Wednesday showed, as the costs of Moscow's full-scale offensive on Ukraine weigh on the domestic economy. The cost of butter rose by 36 percent over 2024, Rosstat said Wednesday.

US bank profits rise as Wall Street hopes for merger boom
US bank profits rise as Wall Street hopes for merger boom
by  AFP

Large US banks reported soaring profits Wednesday propelled by strength in trading and financial advisory services as Wall Street eyes a potential merger boom under the incoming Trump administration. Gains in banking shares helped lift Wall Street stocks Wednesday.

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