Russian Ruble Hits New Lows as Dollar Exchange Rate Surges

The Russian car market has seen a remarkable recovery in 2024, with new passenger car sales increasing by 53% compared to the previous year, driven by deferred demand and the influx of Chinese automakers.

Truong My Lan, a Vietnamese real estate tycoon, has had her death sentence upheld for masterminding a massive banking fraud. She could avoid execution by repaying 75% of the embezzled funds.

South Korea's automotive industry is facing challenges as China overtakes it in vehicle imports to Israel, while allegations of technology theft in the semiconductor sector raise concerns about the nation's technological integrity.

Austrian businessman René Benko has been questioned by authorities following an arrest warrant issued by Italy in connection with a major corruption investigation involving real estate speculation and public administration.

Norauto has confirmed a data breach affecting 78,000 customers, including sensitive personal information, following a recent cyberattack.

Italy's intensified controls against tax evasion have led to a 33% increase in checks, while Argentina sees a 4.3% rise in tax revenues after months of decline.

The South Korean won has sharply declined against the US dollar following President Yoon Suk-yeol's declaration of martial law, reaching its lowest level since October 2022.

In 2023, developing countries faced record debt servicing costs of $1.4 trillion, with total debt reaching $8.8 trillion, highlighting the ongoing economic challenges post-COVID-19.

The Russian economy is under severe strain as the ruble plummets due to US sanctions and rising military expenditures, prompting fears of a deepening crisis.

China has announced a ban on the export of key minerals to the US, escalating trade tensions amid ongoing restrictions on semiconductor technology.

Mandelieu-la-Napoule's municipal police have become the first in France to use Tesla Model 3s, citing performance and cost savings as key factors in their decision.

A Delaware judge has ruled that Elon Musk is not entitled to a $56 billion pay package, despite a shareholder vote in favor of it, citing excessive compensation and fundamental errors in the vote.

Türkiye's annual inflation rate fell to 47.1% in November, prompting expectations for potential interest rate cuts by the central bank.

The Federal Customs Service of Russia has mandated licenses for importing air conditioners and refrigerators, causing significant delays and economic losses for suppliers.

Truong My Lan, a Vietnamese property developer, has had her death sentence upheld for her role in a $12 billion fraud case, with implications for her financial restitution.

Milan's stock market outperforms Europe with a 1.37% rise, while Stellantis struggles after CEO resignation.

Oil and gold prices increased as traders anticipate the outcome of the OPEC+ meeting, while the US dollar declined amid political unrest in France and economic pressures in China.

Elon Musk's $56 billion bonus package has been rejected by a Delaware court, citing a flawed approval process and excessive compensation terms.

Scott Bessent has been nominated by President Trump to serve as the U.S. Treasury Secretary, bringing extensive experience in finance and investment.

Taxi drivers in Lyon protested against proposed price cuts for patient transport, leading to CRS intervention to clear blocked roads.

Taxi drivers in Paris protested against proposed cuts to patient transport prices, causing significant traffic disruptions.

The European Commission's new vice-president, Stéphane Séjourné, calls for a 'Europe First' strategy to protect EU industries amid concerns over US President-elect Donald Trump's trade policies.

A Delaware judge has rejected Elon Musk's $55.8 billion compensation plan for Tesla, marking the second time this ruling has occurred despite shareholder approval.

A Delaware court has once again rejected Elon Musk's $56 billion compensation package from Tesla, citing unfairness to shareholders despite shareholder approval.

As year-end approaches, Russians receive vital advice on protecting their bank deposits from fraud and ensuring financial security.