Russia
Stocks making the biggest moves midday: JPMorgan, Delta Air Lines, PayPal
The JP Morgan Chase & Co. headquarters, The JP Morgan Chase Tower in Park Avenue, Midtown, Manhattan, New York. Tim Clayton – Corbis | Corbis Sport | Getty Images Check out the companies making headlines in midday trading. JPMorgan Chase – Shares fell 3.5% as JPMorgan Chase reported a $524 million hit from market dislocations […]
Read More
‘Everything changed when Russia invaded’: Finland and Sweden inch closer to seeking NATO membership
The leaders of Finland and Sweden have both said a decision on whether to apply for NATO membership can be expected sooner rather than later. Paul Wennerholm | Afp | Getty Images LONDON — Finland and Sweden could both seek to join NATO in the coming weeks, warning Europe’s security landscape has “completely changed” in […]
Read More
Ukraine’s Zelenskyy offers prisoner swap with Moscow; over 3,000 criminal proceedings opened against Russian military
Russia’s appointment of Army General Alexander Dvornikov to lead the war in Ukraine “represents an attempt to centralise command and control,” the U.K.’s Ministry of Defense said in its daily defense intelligence update on Twitter, following weeks of slow progress and botched operations for Russian forces. Dvornikov has commanded troops in Syria and eastern Ukraine, […]
Read More
Netflix subscriber numbers to take a hit from removal of Russian customers, analysts warn
The streaming platform on March 6 pulled its service in Russia following the country’s invasion of Ukraine. Source
Read More
European stocks slide 1.2% after undisclosed investor sells stakes in German banks; Deutsche Bank tanks 9.5%
LONDON — European markets sank Tuesday morning as traders monitored heaving selling in the banking sector, and looked ahead to key central bank meetings and U.S. inflation prints. The pan-European Euro Stoxx 600 index was down 1.2% in early deals, with the German DAX dropping 1.8% and the banking sector falling 2.3%. Reports on Monday […]
Read More
How a mysterious Putin ally, the ‘Russian Gatsby,’ moves his billions
Russian billionaire, businessman and Council of the Federation Member Suleyman Kerimov attends a meeting on April 14, 2021 in Russia. A trove of leaked financial records provides a glimpse into how Kerimov and his associates used a maze of corporate structures to obscure his astronomical wealth and financial dealings. Mikhail Svetlov | Getty Images News […]
Read More
Ukraine prepares for Russian offensive in the east; West working to confirm reports of chemical weapons attack. Follow our live updates
Russian troops redeploying to eastern Ukraine, UK says An intelligence update on Tuesday morning from the U.K. Ministry of Defence said that Russian troops are continuing to withdraw from Belarus in order to redeploy in the eastern part of Ukraine. -Matt Clinch Russia’s war in Ukraine means there’ll be no return to normality for Europe’s […]
Read More
Giant undersea cables set to give the UK and Germany their first direct energy link
Onshore wind turbines in Germany. The NeuConnect project says the interconnector will enable Britain to “tap into the vast energy infrastructure in Germany, including its significant renewable energy sources.” By Thomas E. Gunnarsson | Moment Open | Getty Images Key contracts totaling more than £1.5 billion ($1.95 billion) have been awarded for a major interconnector […]
Read More
Russia could use phosphorus bombs in Mariupol, UK warns; Austrian leader to meet Putin. Follow our live updates
France’s Societe Generale to withdraw from Russia with sale of Rosbank stake; shares jump 5% French bank Societe Generale has announced plans to exit Russia. Bloomberg | Bloomberg | Getty Images French bank Societe Generale has agreed to sell its stake in Rosbank and the Russian lender’s insurance subsidiaries to Interros Capital, an investment firm […]
Read More
This isn’t a recession – it’s a ‘war-cession,’ top strategist says. Here’s why it’s different
LONDON — The global economy is likely entering a “war-cession,” according to veteran investment strategist David Roche, and markets are underestimating its duration. It comes as markets attempt to navigate a flurry of concurrent economic hurdles, including Russia’s invasion of Ukraine, soaring inflation, rising interest rates and supply disruption from China’s efforts to contain a […]
Read More