Ukraine
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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Zelenskyy says battle for Severodonetsk may determine fate of east Ukraine; Russian forces targeting south of Izium
Russian forces control most of Severodonetsk, regional governor says People wait to be evacuated in Lysychansk in eastern Ukraine on June 8, 2022. Anadolu Agency | Anadolu Agency | Getty Images Russian forces are in control of most of the city of Severodonetsk in eastern Ukraine and are heavily shelling the nearby city of Lysychansk, […]
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JPMorgan names its winning and losing global stocks for the rest of the year
Analysts at JPMorgan have picked their likely winners and losers for the second half of 2022, naming stocks set to do well — or badly — when factors such as inflation, bond yields and oil prices are taken into account. The analysts identified several trends for the coming months after a volatile first half that […]
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OECD slashes global growth prediction on Ukraine war and China’s zero-Covid policy
The OECD estimates that global gross domestic product [or GDP] will reach 3% in 2022 — a 1.5 percentage point downgrade from a projection done in December. Nurphoto | Nurphoto | Getty Images The Organization for Economic Cooperation and Development has become the latest international institution to cut its predictions for global growth this year. […]
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