Ukraine
Zelenskyy hails troops as chemical plant sheltering civilians hit in eastern Ukraine
Ukrainian President Volodymyr Zelenskyy speaks on June 6, 2022. As bitter fighting raged in the city of Sievierodonetsk, Ukraine’s president hailed his country’s fighters for defying Russian forces in his country’s eastern Donbas region. Ukrainian Presidency | Anadolu Agency | Getty Images As bitter fighting raged in the city of Sievierodonetsk, Ukraine’s president hailed his country’s […]
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Global food prices are soaring. Rice could be next
The spider web rice fields in Flores, Indonesia. The United Nations’ Food and Agriculture Organization Food Price Index shows international rice prices creeping up for the fifth straight month to reach a 12-month high, according to the latest May data published last week. Tanutkij Wangsittidej Food prices have been on the rise in the past […]
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The world will face ‘a severe food crisis and famine,’ Zelenskyy says
Ukraine’s President Volodymyr Zelenskyy addresses participants at Singapore’s Shangri-La Dialogue summit virtually via a video link on June 11, 2022. Roslan Rahman | Afp | Getty Images SINGAPORE — Ukraine President Volodymyr Zelenskyy warned that the world will face a “severe food crisis,” with Russia’s war on his country dragging on, as he virtually addressed the […]
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Fighting rages in critical Ukrainian city as Kyiv pleads for more weapons from West
Heavy fighting between Ukrainian and Russian troops is taking place in the strategically important Donbas city of Severodonetsk. Aris Messinis | Afp | Getty Images Intense fighting is ongoing in the streets of a critical eastern Ukrainian city now at the heart of Moscow’s invasion, as Kyiv implored the West to deliver more weapons to […]
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Russia cuts key interest rate back to prewar level
National flag flies over the Russian Central Bank headquarters in Moscow, Russia May 27, 2022. Maxim Shemetov | Reuters The Central Bank of Russia on Friday cut its key interest rate by 150 basis points to 9.5% — the level it was at when Russia’s invasion of Ukraine began. Although acknowledging that the external environment […]
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Hungary says it’s impossible for Europe to ban Russian gas anytime soon. Putin agrees
Hungarian Foreign Minister Peter Szijjarto has ruled out the prospect of a Russian gas ban in the European Union’s next package of sanctions, saying it would be “impossible.” Landlocked Hungary is overwhelmingly dependent on Russian hydrocarbons. Szijjarto’s comments come as President Vladimir Putin says he believes the West will not be able to wean itself […]
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Putin appears to hint at further invasions; Zelenskyy says Ukrainian forces holding on in the Donbas
Kremlin struggling to provide basic services to Russian-occupied territories, UK says The ruined seaside city of Mariupol is at risk of a major cholera outbreak, according to the U.K.’s Ministry of Defense. Stringer | Afp | Getty Images Russia is struggling to provide basic public services to the population in Russian-occupied territories, with the ruined […]
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Russia and Ukraine are battling over underwater mines as the global food crisis worsens
Turkish Navy’s Aydin class mine hunting vessel TCG Akcay sails in the Bosphorus on its way to the Black Sea in Istanbul, Turkey March 26, 2022. Yoruk Isik | Reuters The world is facing a global food crisis as a result of the war in Ukraine, with soaring prices being felt around the world as […]
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These two cruise lines stand out above the rest, Susquehanna says
The hard-hit cruise industry should see demand recover, but a testy economy means investors should be selective with which stocks to pick, according to Susquehanna Financial Group. “Positively, the industry is on the mend; liners are planning to redeploy their full fleets into the summer and have a line of sight to profitability into 2023. […]
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‘The mood is very grim’: Once-hot fintech sector faces IPO delays and consolidation
Investment in fintech is slowing as worries around rising inflation and the prospect of higher interest rates have dented economic sentiment. Elena Noviello | Moment | Getty Images AMSTERDAM — Financial technology companies are putting IPO plans on hold and cutting expenses as fears of an impending recession cause a shift in how investors view […]
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