Russia
Oil major Shell to write off up to $5 billion in assets after exiting Russia
Royal Dutch Shell products in Torzhok, Russia. Andrey Rudakov | Bloomberg | Getty Images Shell has announced that it will write off between $4 and $5 billion in the value of its assets after pulling out of Russia following the country’s unprecedented invasion of Ukraine. Thursday’s announcement offers a first glimpse at the potential financial impact to […]
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Why a Russia-Ukraine deal may be difficult to reach
It will be difficult to find a diplomatic resolution for the war in Ukraine unless the situation on the ground changes, according to Francis Fukuyama, a senior fellow at Stanford University’s Freeman Spogli Institute for International Studies. “Both of the sides have lost so much that the kind of concessions that would be needed to […]
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These global stocks were first-quarter winners and Wall Street sees more upside ahead
These buy-rated stocks from the U.S. and beyond had a strong start to the year and are expected to continue to rise. Source
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A VPN company just became Lithuania’s second tech unicorn
Network cables are plugged in a server room. Michael Bocchieri | Getty Images Cyber firm Nord Security announced Thursday that it has raised $100 million from investors at a $1.6 billion valuation, making it Lithuania’s second tech unicorn. The company is best known for its VPN product, NordVPN, which costs around $140 a year or […]
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Yellen warns that war in Ukraine will have ‘enormous’ global economic impact
U.S. Treasury Secretary Janet Yellen testifies before a House Financial Services Committee hearing on “the State of the International Financial System,” on Capitol Hill in Washington, U.S., April 6, 2022. Tom Brenner | Reuters Treasury Secretary Janet Yellen cautioned Wednesday that Russia’s attack on Ukraine could cause a major hit to the global economy. “Russia’s […]
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U.S. sanctions Putin’s adult children, bans all new investment in Russia
Russian President Vladimir Putin chairs a meeting on agriculture via a video link at the Novo-Ogaryovo state residence outside Moscow on April 5, 2022. Mikhail Klimentyev | AFP | Getty Images WASHINGTON — The United States on Wednesday announced it would impose a new slate of sanctions on Russia that includes first-time sanctions on the […]
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Russia faces new raft of sanctions; Boris Johnson calls on Russians to ‘find the truth’
Hungary’s government summons Ukraine ambassador over ‘insults’ Hungary’s Ministry of Foreign Affairs summoned Ukraine’s ambassador for what it said was insults from Kyiv over Hungary’s position on the Russian invasion. Hungarian Foreign Minister Peter Szijjarto demanded that Ukrainian leaders “stop their insults directed at Hungary and acknowledge the will of the Hungarian people,” referencing President […]
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European Union to propose ban on Russian coal imports, sources say
French President Emmanuel Macron has called for the EU to ban Russian coal as part of a wave of new sanctions to further isolate the Kremlin. Frank Rumpenhorst | Picture Alliance | Getty Images LUXEMBOURG — The European Commission will propose banning Russian coal as part of a new round of sanctions against the Kremlin […]
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Ukraine warns of more atrocities in towns near Kyiv; Zelenskyy to address UN. Follow our live updates
Red Cross workers released after being held during attempt to evacuate people from Mariupol Residential buildings that were damaged during the Ukraine-Russia conflict in the southern port city of Mariupol, Ukraine, on April 3, 2022. Pavel Klimov | Reuters A team of humanitarian workers from the International Committee of the Red Cross has been released […]
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Goldman names four megatrends with ‘oversold’ stocks to buy right now
Goldman Sachs Asset Management says some stocks currently offer a “hugely attractive entry point” for investors. Source
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