Russia
U.S. is taking ‘a close look’ at whether to label Russia a state sponsor of terrorism. Here’s what that means
WASHINGTON — As the international community seeks new ways to increase economic pressure on the Kremlin for its brutal war against Ukraine, the idea of labeling Russia a state sponsor of terrorism has recently gained attention within the Biden administration. Ukrainian President Volodymyr Zelenskyy asked U.S. President Joe Biden to designate Russia a state sponsor […]
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Germany’s SAP joins western corporate exodus from Russia
Uwe Anspach | picture alliance | Getty Images Business software group SAP plans to exit Russia completely in response to Moscow’s invasion of Ukraine, although it said on Tuesday it might be possible for Russian users to run its software for years without support. SAP joined a long list of companies, including rival Oracle last month in […]
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IMF cuts global growth forecasts on Russia-Ukraine war, says risks to economy have risen sharply
A view of damage in the Ukrainian city of Mariupol under the control of Russian military and pro-Russian separatists, on April 17, 2022. Anadolu Agency | Anadolu Agency | Getty Images The International Monetary Fund on Tuesday cut its global growth projections for 2022 and 2023, saying the economic hit from Russia’s unprovoked invasion of […]
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Battle for Donbas: 3 reasons why Russia is shifting its war machine to east Ukraine
A tank belonging to pro-Russian rebels is seen in separatist-controlled Donetsk, Ukraine on March 11, 2022. Anadolu Agency | Anadolu Agency | Getty Images The “battle for Donbas” looks to be underway in Ukraine, as Russia concentrates its war machine on the eastern region — a major strategic, political and economic target for the Kremlin. […]
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Ukraine says phase two of the war has begun as Russia begins offensive in the Donbas
‘Second phase’ of war has begun, Ukraine’s chief of staff says Russia’s offensive in Ukraine has entered its second phase, a top Ukrainian official said. “Donbas. The second phase of the war has begun, but I will tell you, believe in the Armed Forces,” Andriy Yermak, President Zelenskyy’s chief of staff, said in a Telegram post, […]
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Market will break out of slump due to peaking inflation, Evercore ISI predicts
The market slump may be in its final innings. According to Evercore ISI’s Julian Emanuel, stocks should start grinding higher due to peaking inflation. He cites a positive trend going back to the last time stocks and bonds fell together: 1994. “The market just sort of digested it, and there was a lot of sideways […]
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World Bank slashes global growth forecast to 3.2% from 4.1%, citing Ukraine war
A participant stands near a logo of World Bank at the International Monetary Fund – World Bank Annual Meeting 2018 in Nusa Dua, Bali, Indonesia, October 12, 2018. Johannes Christo | Reuters WASHINGTON — The World Bank lowered its annual global growth forecast for 2022 on Monday by nearly a full percentage point, down from […]
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Natural gas surges to highest level since 2008 as Russia’s war upends energy markets
A liquid natural gas (LNG) storage silo at the LNG terminal, operated by LNG Croatia LLC, in Krk, Croatia, on Monday, Jan. 25, 2021. Petar Santini | Bloomberg | Getty Images U.S. natural gas prices surged to the highest level in more than 13 years Monday as Russia’s war on Ukraine causes a global energy […]
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Ukraine’s major western city of Lviv hit by missiles; Mariupol resistance holds out despite heavy losses. Follow our live updates
Five missile strikes hit Western city of Lviv, civilians killed, officials say Air raid sirens are sounding once again in Ukraine’s western city of Lviv after it was hit by five missile strikes, its mayor said. The strikes killed six people and wounded eight, according to the Lviv regional governor. These are the first major […]
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Moscow claims forces have taken most of Mariupol; Ukrainian fighters given last chance to surrender
Ukrainian fighters in Mariupol told ‘their lives will be spared’ if they surrender Maxar satellite imagery gives an overview of the Azovstal Iron and Steel Works in eastern Mariupol where Ukrainian fighters are believed to be holding out against a Russian takeover of the southern port city. Maxar | Maxar | Getty Images Russia says […]
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