Russia
Burger King partner in Russia refuses to close 800 locations, as fast-food chain moves to divest
A man holds meals from the Burger King restaurant on May, 15, 2020 in Dedovsk, Russia. Mikhail Svetlov | Getty Images Burger King is moving to divest its 15% stake in its Russian business, but the burger chain said it can’t legally suspend operations in the market right away. The Restaurant Brands International chain announced […]
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Gramercy Funds CIO on emerging markets investing amid the Russia war, including Ukrainian bonds
(Click here to subscribe to the Delivering Alpha newsletter.) Emerging markets, specifically those in Eastern Europe, have been whipsawed amid the ongoing Russia-Ukraine conflict. With sanctions in place and Russia’s hard default deadline approaching in April, investors are particularly focused on the region’s sovereign debt — an area that Gramercy Funds has specialized in since its inception […]
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Stocks making the biggest moves midday: Dollar General, Occidental Petroleum, Guess and more
A customer enters a Dollar General Corp. store in Colona, Illinois, U.S., on Wednesday, Sept. 10, 2014. Daniel Acker | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Dollar General — Shares of the discount retail chain gained 2.8% despite a weaker-than-expected fourth-quarter report. Dollar General reported $8.65 billion in […]
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Fate of hundreds of civilians in bombed Mariupol theater unclear; Ukraine’s Zelenskyy calls out German lawmakers
U.S. Defense Secretary Austin says enforcing a no-fly zone would mean ‘combat’ with Russia U.S. Secretary of Defence Lloyd Austin and Slovakia’s Defence Minister Jaroslav Nad attend a news conference in the Ministry of Defence of the Slovak Republic in Bratislava, Slovakia, March 17, 2022. Radovan Stoklasa | Reuters U.S. Defense Secretary Lloyd Austin reiterated […]
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Russia claims to have ordered crucial bond payment as it seeks to avoid historic debt default
Russian President Vladimir Putin talks to Finance Minister Anton Siluanov during the EEU Summit meeting on December 20, 2019 in Saint Petersburg, Russia. Mikhail Svetlov | Getty Images News | Getty Images Russia made payments on its sovereign bonds in dollars on Thursday and that money would be distributed to bondholders, according to a report […]
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How higher and more volatile energy prices will affect the move to clean energy
Wind power in Texas. Interstate 40, Adrian, Texas Paul Harris | Archive Photos | Getty Images After Russia invaded Ukraine, energy prices spiked. U.S. crude oil prices reached as high as $130 on March 6, the highest since July 2008. About a week later, U.S. gasoline prices hit a record high price of $4.33 per […]
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Why Russian people need tech companies to stay, not withdraw: It’s terrifying ‘how dark that place could become’
People gather to stage anti-war protest in Saint-Petersburg, Russia on March 1, 2022. Anadolu Agency | Getty Images As the U.S. and Europe impose economic sanctions on Russia for its invasion of Ukraine, and businesses such as McDonald’s and Starbucks shut down operations in the country, tech platforms must weigh a more complex equation. Unlike […]
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Biden calls Putin a ‘war criminal’; NATO chief demands Russia stop the war
Russian invasion ‘largely stalled on all fronts,’ says UK ministry Russian forces have made “minimal” progress in their invasion of Ukraine in recent days and continue to suffer heavy losses, the U.K. Ministry of Defence said Thursday. “The Russian invasion of Ukraine has largely stalled on all fronts,” including land, sea and air, the ministry […]
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Russia may aspire to a China-style internet, but it’s a long way off
Russian President Vladimir Putin and Chinese President Xi Jinping pose for a photograph during their meeting in Beijing, on Feb. 4, 2022. Alexei Druzhinin | AFP | Getty Images As Russia’s war on Ukraine continues, Moscow has looked to tighten control over its domestic internet, cutting off apps made by U.S. technology giants, even while […]
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Ukraine President Zelenskyy invokes Pearl Harbor, Sept. 11 in asking U.S. Congress to help fight Russia invasion
Ukrainian President Volodymyr Zelenskyy on Wednesday invoked the 1941 attack on Pearl Harbor and the Sept. 11 terror strikes on America as he pleaded directly with the U.S. Congress to send more aid to his embattled country to fight against Russia’s invasion. Zelenskyy, who was greeted with at least three standing ovations from an audience […]
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