Russia
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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Zelenskyy set to ask G-7 leaders for more firepower to fight Russian forces; Kyiv, Odesa and other key regions hit by missile strikes
UK’s Boris Johnson to tell fellow G-7 leaders they must end Putin’s ‘stranglehold’ on food prices British Prime Minister Boris Johnson is due to call on world leaders gathered at the G-7 summit in Germany on Monday to take urgent action to get essential food supplies out of Ukraine. The U.K. said it was working […]
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Putin is squeezing gas supplies. And Europe is getting seriously worried about a total shutdown
BRUSSELS — European leaders are growing increasingly concerned about the possibility of a full shutdown of gas supplies from Russia, with Italy asking for a new meeting to debate the matter. Gazprom, Russia’s state-backed energy supplier, has reduced its gas flows to Europe by about 60% over the past few weeks, prompting Germany, Italy, Austria […]
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Ukrainian forces will have to leave key eastern city, Luhansk governor says; retired Russian major captured
Russian pilot captured is a retired major, revealing Moscow’s struggles to staff air force: UK A Russian pilot shot down and captured by Ukrainian forces confessed to being a retired major of his country’s air force, Britain’s Ministry of Defense wrote in its daily intelligence update. The pilot had joined Russia’s military contracting group Wagner […]
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Greeks fear another recession, just four years after the country exited its controversial bailout
Workers demonstrate against soaring cost of living in central Athens earlier this year. Louisa Gouliamaki | Afp | Getty Images Nearly four years after Greece celebrated the end of its complicated bailout program, its people are growing increasingly concerned about their economic prospects once again. The darkening public mood comes as Greece — like many […]
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Nike to fully exit Russia, will scale down over coming months
A man walks past the Nike logo seen in a window of a brand store in Kiev. Pavlo Gonchar | LightRocket | Getty Images U.S. sportswear maker Nike is making a full exit from Russia, three months after suspending its operations there, the company said in an emailed statement Thursday. Nike said on March 3 […]
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