World
‘Make Russia pay for it’: Ukraine’s Kuleba on the massive cost of post-war reconstruction
The cost of Ukraine’s reconstruction after the country’s devastation by Russian forces will be colossal. Ukrainian officials have estimated it at a potential $600 billion, with some saying that is a modest figure and set to increase as the war drags on. International financial institutions have stressed the need for something like a Marshall Plan […]
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We have to accept in the West that we are going to be a bit poorer, Dutch leader says
Dutch Prime Minister Mark Rutte told CNBC that there is a “limit to what a government can do” to help people amid surging inflation. Pictured here, on February 23 2022, are containers being transported in the port of Rotterdam, in the Netherlands. Picture Alliance | Picture Alliance | Getty Images Dutch Prime Minister Mark Rutte […]
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Mark Mobius says the bear market still has a ways to go, keep cash on the sidelines
Mark Mobius, founding partner of Mobius Capital Partners, says stocks have more room to fall in this bear market, so investors should stay in cash for now. “We’ve got a ways to go,” Mobius told CNBC’s “Squawk Box” on Tuesday. “It may be time to start nibbling at certain individual stocks that look good, but […]
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‘Kissinger still lives in the 20th century’: Ukraine hits back at suggestion it should cede land to Russia
A Ukrainian MP has given what he called a “polite” reply to former U.S. Secretary of State Henry Kissinger’s suggestion that Ukraine should be prepared to cede some territory to Moscow in order to reach a peace deal. “I think Mr. Kissinger still lives in the 20th century and we are in the 21st century […]
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‘Downright scary and untenable’: Commerce secretary warns U.S. needs to secure a future for its chip industry
Gina Raimondo, Secretary of Commerce, at the WEF in Davos, Switzerland on May 25th, 2022. Adam Galica | CNBC U.S. Commerce Secretary Gina Raimondo on Wednesday urged Congress to pass the CHIPS for America Act in order to safeguard national security and the future of the economy. The bill aims to incentivize investment in U.S. […]
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UK investigation into Covid lockdown parties says senior leadership ‘must bear responsibility’
Opposition lawmakers accuse Johnson of having knowingly misled Parliament. Wpa Pool | Getty Images News | Getty Images LONDON — A highly anticipated investigation into numerous Covid-19 lockdown-breaking parties at Prime Minister Boris Johnson’s office and residence has been released, intensifying pressure on the embattled Conservative Party leader. The comprehensive report from senior civil servant […]
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British government approves Boehly’s £4.25 billion Chelsea takeover
Todd Boehly pictured after the Premier League match between Chelsea and Watford at Stamford Bridge, London on Sunday 22nd May 2022. On 25th May, the U.K. government approved the £4.25bn Boehly-led consortium’s takeover of Chelsea. Ivan Yordanov/MI News | Nurphoto | Getty Images The government has approved the £4.25bn Todd Boehly-led consortium takeover of Chelsea. […]
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Russia is now exposed to a historic debt default: Here’s what happens next
Russian President Vladimir Putin attends the Collective Security Treaty Organization (CSTO) summit at the Kremlin in Moscow, Russia May 16, 2022. Sergei Guneev | Sputnik | via Reuters The U.S. has announced that it will not extend an exemption permitting Moscow to pay foreign debt to American investors in U.S. dollars, potentially forcing Russia into […]
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Energy security, not the energy transition, is ‘front and center’ again, Petronas CEO says
Geopolitical upheaval has thrust energy security back into focus, the group CEO of Malaysian oil and gas giant Petronas said. Energy markets have been volatile since Russia invaded Ukraine in late February. The U.S. banned Russian energy imports while the EU proposed curbing purchases of Russian oil. Russia has cut off gas supplies to some […]
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Ukraine uses Davos to make its pitch to the West — and takes over Russia’s former party hub
The “Russian Warcrimes House” is showing a picture exhibition documenting alleged war crimes taking place in Ukraine. Organizers hope this will help the Davos elite taking future decisions about the war. Fabrice Coffrini | AFP | Getty Images DAVOS, Switzerland — The war in Ukraine is top of the agenda at the World Economic Forum […]
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