Russia
Europe’s plans to replace Russian gas are deemed ‘wildly optimistic’ — and could hammer its economy
A drilling rig at a gas processing facility, operated by Gazprom. Maxim Shemetov | Reuters The European Union’s best shot at replacing Russian gas imports this year is likely to miss the mark, analysts predict, exerting further pressure on the region’s economy. The EU plans to replace two-thirds of Russian gas imports by the end […]
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‘Russian terror’ killing innocent civilians, Ukraine says; NATO reaches historic deal to expand further
What to expect from this NATO summit, and what’s already happened NATO leaders are gathering Madrid to outline their vision for the West’s security agenda. Nurphoto | Getty Images The NATO summit taking place in Madrid will be a historic one, its Secretary General Jens Stoltenberg said Wednesday, with a deal on the table to […]
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U.S. blocks gold imports from Russia in latest round of sanctions targeting Putin’s war
The Treasury Department on Tuesday announced that the U.S. and a handful of key economic allies will prohibit imports of Russian gold, Moscow’s largest export outside of the energy sector. The expanded sanctions represent the latest effort by the U.S. and some of its Group of Seven partners to target Russian President Vladimir Putin and […]
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Can war be net-zero? NATO pledges massive revamp of energy-guzzling equipment
A naval exercise led by U.S. Naval Forces Europe-Africa, and executed by the NATO Naval Striking and Support Forces, in the Baltic Sea on June 6, 2022. Russia’s onslaught in Ukraine is almost certain to eclipse other security concerns at NATO’s Madrid summit this week. Jonathan Nackstrand | Afp | Getty Images The super-polluting military […]
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NATO countries gather as Ukraine war overshadows Europe; Russian attack on shopping mall kills at least 15 people
NATO alliance set to meet in Spain as Russia’s aggression increases NATO chief Jens Stoltenberg has already previewed new moves by the alliance, announcing on Monday that it would increase its rapid response force and will bolster its battlegroups in eastern Europe. Yves Herman | Reuters The NATO military alliance is all set to meet […]
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Total shutdown of Russian gas pipelines to Europe ‘is not inconceivable’
Russian President Vladimir Putin makes a toast as he takes part in the XIV BRICS summit in virtual format via a video call, in Moscow on June 23, 2022. Mikhail Metzel | AFP | Getty Images The Group of 7 nations need to brace for a complete shutdown of Russian gas pipelines in the near term, […]
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Avoidable or inevitable recession? Billionaire investor David Rubenstein on what decides it
Much of the U.S. market focus has been on the Federal Reserve’s more aggressive interest rate hikes as a reason to fear a recession. But Carlyle Group co-founder and co-chairman David Rubenstein, a billionaire investor and philanthropist, says the economy’s path may be beyond the central bank’s control, and two other global players are more […]
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5 things to know before the stock market opens Monday
Here are the most important news items that investors need to start their trading day: 1. Stocks look to build off last week’s rebound A trader works on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., June 22, 2022. Brendan Mcdermid | Reuters U.S. stock futures rose before the […]
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NATO set to increase its high-readiness forces to over 300,000 in massive military buildup
Stoltenberg has said NATO’s updated Strategic Concept will likely refer to Russia as the “most significant and direct threat” to security. Anadolu Agency | Anadolu Agency | Getty Images NATO Secretary-General Jens Stoltenberg on Monday said the military alliance is poised to increase the number of its high-readiness forces to well over 300,000 as part […]
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Russia’s neighbors fear NATO’s defense plans are not fit for purpose and they could be quickly overrun
Lithuanian President Gitanas Nauseda has said he plans to bring up a stand-off with Russia at this week’s NATO summit. Picture Alliance | Picture Alliance | Getty Images Everything changed when Russia invaded Ukraine and NATO’s defense strategy must now account for the new security environment on Europe’s eastern flank. That’s the coordinated message from […]
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