Bidenomics could make inflation worse, former US Treasury Secretary Larry Summers says

Tech Insider : Economy
Joe Biden
Joe Biden is coming under criticism from Turkish President Erdogan.

AP

Russia and China's trade relationship has become increasingly lopsided

Tech Insider
Moscow has become increasingly reliant on China as the war in Ukraine drags on.
Moscow has become increasingly reliant on China as the war in Ukraine drags on.

SERGEI BOBYLYOV / Getty Images

Russia plans a digital version of the ruble after an 19% slide against the dollar this year

Tech Insider
russia ruble

Shutterstock

5 ways Russia's been sidestepping Western sanctions and keeping its economy alive, from switching to the Chinese yuan and dabbling in ghost trades

Tech Insider : Economy, Politics
Vladimir Putin smiles.
5 ways Russia's been sidestepping Western sanctions and keeping its economy alive, from switching to the Chinese yuan and dabbling in ghost trades.

Sasha Mordovets/Getty Images

Argentina will pay for Chinese imports in yuan instead of dollars to preserve its shrinking greenback reserves

Tech Insider
dollar yuan
Argentina will pay for its Chinese imports in yuan instead of dollars to protect its greenback reserves.

Reuters/Petar Kujundzic

Retailers bought so much stuff during the pandemic that it's overburdening warehouses — and it may be causing a 'freight recession,' analyst says

Tech Insider
Two container ships floating on ocean carrying hundreds of shipping containers
Retailers bought so much stuff during the pandemic that it may be causing a 'freight recession,' an analyst says.

Allen J. Schaben / Los Angeles Times via Getty Images

Even Chinese companies are moving supply chains out China to avoid geopolitical risks. Here are the 6 places they're heading for instead.

Tech Insider : Economy, Politics
A worker produces diaphragm pumps for export to Spain at a workshop in Huzhou, Zhejiang Province, China.
China is the world's factory — but even its homegrown companies are moving out.

CFOTO/Future Publishing/Getty Images

China and India 'launder' Russian oil and resell it to Western nations that sanctioned Moscow, study says

Tech Insider
putin russia
Russian President Vladimir Putin.

Sergei Karpukh/Reuters

Sanctions against Russia could hurt the US dollar as countries like Iran and China seek alternative currencies for trade: Treasury Secretary Janet Yellen

Tech Insider : Politics, Economy
Treasury Secretary Janet Yellen.
Sanctions against Russia could hurt the US dollar as countries like Iran and China seek alternative currencies for trade: Treasury Secretary Janet Yellen.

Chip Somodevilla/Getty Images

Russia's economy in 4 charts: How war, sanctions, and shifting oil flows have reshaped a world power

Tech Insider
putin russia
Russian President Vladimir Putin gestures during a meeting with journalists after a live broadcast nationwide call-in in Moscow, Russia, April 14, 2016.

REUTERS/Maxim Shemetov

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