Russia
How Russia’s war is cutting global auto production
Russia’s invasion of Ukraine has led auto industry watchers to cut production and sales forecasts for the next two years. The crisis has shuttered factories in Eastern Europe, and caused spikes in the prices of already precious raw materials. Some factories in Ukraine have tried to keep going amid the invasion. Workers have reportedly had […]
Read More
Zelenskyy appeals for ‘stronger, more destructive’ sanctions; Ukraine infrastructure damage hinders aid efforts
Damaged roads in Ukraine hindering humanitarian aid, UK’s Defence Ministry says Maxar satellite multispectral image shows burning homes in residential area of Chernihiv, Ukraine on March 16, 2022. Satellite image (c) 2022 Maxar Technologies | Getty Images Ukraine’s roads and other infrastructure have been badly damaged by Russian troops, and that is now posing a […]
Read More
Kyiv hit with most powerful explosions heard in weeks; Finland ‘highly likely’ to join NATO. Follow our live updates
Finland ‘highly likely’ to join NATO, minister says Facing a dramatic change in its security assessment and relations with Russia, Finland is ‘highly likely’ to join NATO now, Finland’s European affairs minister Tytti Tuppurainen told Sky News in an interview. “The people of Finland seem to have already made up their mind and there is a […]
Read More
World’s largest yacht, linked to Russian billionaire Usmanov, is seized by Germany
A file photo dated September 10, 2018 shows mega yacht named “Dilbar” belonging to Uzbek-born Russian business-magnate Alisher Usmanov as it refuels by a tanker in Mugla, Turkiye. Germany seizes Russian billionaire Usmanov’s yacht at Port of Hamburg. Sabri Kesen | Anadolu Agency | Getty Images WASHINGTON — German authorities said they have seized the […]
Read More
UK freezes record $13 billion in assets linked to two Abramovich associates
Chelsea owner Roman Abramovich is seen on the stand during the Barclays Premier League match between Chelsea and Sunderland at Stamford Bridge on December 19, 2015 in London, England. Clive Mason | Getty Images WASHINGTON — The United Kingdom on Thursday announced that it had frozen assets belonging to two Russian oligarchs worth up to […]
Read More
5 things to know before the stock market opens Thursday
Here are the most important news, trends and analysis that investors need to start their trading day: 1. Stock futures are little changed on final trading day of the week A trader works on the floor of the New York Stock Exchange (NYSE) in New York, April 4, 2022. Brendan McDermid | Reuters U.S. stock […]
Read More
Sustainable recovery spending could be derailed by commodity price spikes following Ukraine war
Concerns related to both the energy transition and energy security have been thrown into sharp relief by Russia’s invasion of Ukraine. At the same time, recent months have also seen commodity prices jump. Marcus Brandt | Picture Alliance | Getty Images The world’s governments have pledged more than $710 billion to “sustainable recovery measures” by […]
Read More
Wells Fargo shares fall as quarterly revenue misses estimates, bank says credit losses to increase
Wells Fargo signage on May 5th, 2021 in New York City. Bill Tompkins | Michael Ochs Archives | Getty Images Wells Fargo on Thursday reported lower-than-expected first-quarter revenue amid a drop in mortgage lending, but beat earnings expectations as the bank decreased its credit reserves. Wells Fargo shares lost 3% in premarket trading. Here are […]
Read More
Russia threatens new nuclear deployments if Sweden, Finland join NATO
Dmitry Medvedev, Russia’s Prime Minister. Andrey Rudakov | Bloomberg | Getty Images Russia says a nuclear-free Baltic region would no longer be possible if Finland and Sweden join NATO, alluding to additional nuclear deployments in Europe. “If Sweden and Finland join NATO, the length of the alliance’s land borders with the Russian Federation will more […]
Read More
Russian flagship missile cruiser ‘seriously damaged’ after blast in Black Sea
Russia will seek peace or leave the international arena forever: Zelenskyy Ukrainian President Volodymyr Zelenskiy speaks during an address where he says that Russian forces could use chemical weapons in Ukraine, in Kyiv, Ukraine, April 11, 2022 in this still image taken from video. Ukrainian Presidential Press Service | via Reuters In his latest nightly […]
Read More