Moscow signals ax Hikes as economy slows

Russia's financial regulator has published an order defining nine criteria by which banks may introduce a temporary limit on cash withdrawals from ATMs. The statement on the website of the Central Bank of Russia says that from 1 September 2025, banks that have issued a payment card to a client...

European markets await key signals from Powell

The majority of the main European stock markets slowly moved into positive territory after the opening bell. Investors remain cautious while watching for more news about the Ukraine peace talks and US monetary policy. Leading European stock markets reflected a cautiously positive sentiment on Friday as investors watched for progress...

Hungary, Ukraine clash over criticism for attack on Russian oil pipeline

Meanwhile, the Ukrainian foreign minister clashed with his Hungarian counterpart on social media this morning after Hungary accused Ukraine of an attack on a Russian oil pipeline. Earlier this morning, Péter Szijjártó heavily criticised Ukraine for an attack on a Russian pipeline leading to Hungary, calling it “outrageous” and “unacceptable.”...