Ukraine
Attacks on Mariupol steelworks intensify as Russia looks to end standoff; fate of Ukraine’s Donbas in the balance
Russian forces renew attacks to seize Ukraine’s last stronghold in Mariupol A destroyed administration building at the Azovstal Iron and Steel Works. Chingis Kondarov | Reuters Russian forces have reportedly renewed their assault on the Azovstal steelworks complex, a last stronghold for Ukrainian fighters in the southern port city of Mariupol, in what is widely […]
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Volkswagen is prolonging its use of coal due to Russian energy ‘threat’
Covering an area of 6.5 million square meters, VW’s huge manufacturing facility in Wolfsburg uses two cogeneration plants that provide it with heat and power. Krisztian Bocsi | Bloomberg | Getty Images The CEO of Volkswagen told CNBC Wednesday that the German automotive giant was keeping its options open in terms of how it powers […]
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EU expected to announce sanctions on Russian oil; Mariupol steel plant evacuees reach safety
EU expected to announce sanctions on Russian oil The EU is expected to announce further sanctions on Russia on Wednesday, this time targeting Russian oil imports. The move is difficult for the bloc as some member states, particularly Hungary and Slovakia, are heavily reliant on oil imports from Russia, prompting expectations that these countries could […]
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Russia’s Nazi claims provoke outrage in Israel: Here’s what you need to know
Russian Foreign Minister Sergei Lavrov attends a press conference following talks of representatives of the Arab League states with Russian Foreign Minister in Moscow on April 4, 2022. Alexander Zemlianichenko | AFP | Getty Images A rift between Russia and Israel deepened further on Tuesday, with Moscow claiming that the Israeli government is supporting what […]
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Natural gas surges 9% to highest level since 2008 as Russia’s war roils energy markets
A liquefied natural gas tanker berth in Japan, on Dec. 17, 2021. Should Japan ever exit the Sakhalin energy projects in Russia and their stakes were acquired by Russia or a third country, this would weaken the effectiveness of Western sanctions and benefit Russia, Japan’s industry minister said on Friday. Kiyoshi Ota | Bloomberg | […]
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BP reports bumper first-quarter net profit, but posts massive loss on hit from Russia exit
BP has further boosted returns to shareholders after net profit jumped to its highest level in more than a decade. Chris J. Ratcliffe | Bloomberg | Getty Images BP on Tuesday reported bumper first-quarter profits and boosted share buybacks, despite posting a massive loss after offloading its nearly-20% stake in Russian-controlled oil company Rosneft. The […]
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This is Ukraine’s ‘finest hour,’ UK says, as it boost military supplies; Russia seen trying to annex eastern regions
Russia’s military now ‘significantly weaker’ because of its invasion of Ukraine A member of the Ukrainian Territorial Defense Forces stands on a damaged Russian tank on the outskirts of Nova Basan village in Ukraine on April 01, 2022. Russia’s invasion on Feb. 24 coincided with what’s known locally as the “muddy road season,” or “Rasputitsa” […]
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Survey of 30 market strategists reveals when they think the next U.S. recession will begin
CNBC International asked 30 high-profile market strategists when they see a recession for the world’s biggest, most capitalized economy. Source
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10-year Treasury yield tops 3% for first time since 2018
U.S. Treasury yields continued their push higher on Monday, with the 10-year Treasury yield capturing a new milestone in its rapid climb in 2022. The yield on the benchmark 10-year Treasury note rose about 11 basis points to 2.994%, and hit a high of 3.01% during the session. The yield on the 30-year Treasury bond […]
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About 150,000 people are using SpaceX’s Starlink internet service daily in Ukraine, government official says
A shipment of SpaceX’s Starlink satellite antennas, also known as terminals, arriving in Ukraine. Fedorov Mykhailo on Twitter Elon Musk’s SpaceX continues to expand its Starlink satellite internet network in besieged Ukraine, with a government official saying that about 150,000 people use the service in the country each day. Ukraine digital minister Mykhailo Fedorov wrote […]
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