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Bloomberg
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Russia's Oil Revenue Falls by Third on Weak Prices, Strong Ruble
Russia's proceeds from oil in the state budget shrank by a third from a year ago in July following a drop in global crude prices and the appreciation of the nation's currency. Oil-related taxes declined by almost 33% to 710.4 billion rubles ($8.9 billion) last month, according to Bloomberg calculations based on Finance Ministry data published Tuesday. Combined oil and gas revenue totaled 787.3 billion rubles, down by 27%, the data showed.
Bloomberg
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Trump Urges India Stop Buying Oil From Russia, Palantir Hits Record Revenue
Indian Prime Minister Narendra Modi's government hasn't given India's oil refiners instructions to stop buying Russian oil, and no decision has been taken on whether to halt the purchases, people familiar with the situation told Bloomberg, asking not to be named due to the sensitivity of the matter. Palantir Technologies' unstoppable rally the past year has yielded more than sixfold gains for investors. The firm reported a 48% increase in second-quarter revenue as it topped $1 billion in a quarter for the first time, saying artificial intelligence was having an 'astonishing impact' on its business. The Opening Trade has everything you need to know as markets open across Europe. With analysis you won't find anywhere else, we break down the biggest stories of the day and speak to top guests who have skin in the game. Hosted by Kriti Gupta, Oliver Crook and Valerie Tytel. (Source: Bloomberg)
Bloomberg
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The Russian Plot to Kill a German CEO
After the invasion of Ukraine, Russian hybrid warfare — not just assassinations but also sabotage, disinformation and covert attacks on critical infrastructure—accelerated sharply, reaching a fever pitch last year. Bloomberg's senior writer Stephanie Baker explains how Rheinmetall's CEO Armin Papperger was targeted as a key figure rearming Europe. (Source: Bloomberg)
