Author: Daniel snow

A Moscow shopping mall pictured earlier this year. Anadolu | Anadolu | Getty ImagesRussia’s central bank on Friday cut interest rates for the first time since September 2022, in a sign that inflation pressures — not long ago described by President Vladimir Putin as “alarming” — are beginning to ease.The Bank of Russia took rates down by 100 basis points to 20%. They had been held at 21% since last October, the highest level since the new benchmark rate was introduced in 2013.The inflation rate in April was 6.2%, it said, down from an average 8.2% across the first quarter of…

Read More

A Tesla car dealership stands on June 5, 2025 in the Brooklyn borough of New York City. Spencer Platt | Getty ImagesTesla shares climbed in U.S. premarket trading Friday after tensions between CEO Elon Musk and President Donald Trump fueled a $152 billion rout for the stock a day earlier.Shares of Tesla were up 5.1% in premarket trading as of 5 a.m. ET.Musk and Trump have come to verbal blows in recent days as the Tesla chief’s tenure as head of the U.S. Department of Government Efficiency came to an end last week.Trump initially praised Musk’s handling of DOGE, an…

Read More