Ukraine
Dulux maker Akzo Nobel beats forecasts through higher prices
Akzo Nobel reported stronger-than-expected quarterly core earnings on Thursday as higher pricing helped offset supply chain issues, a coronavirus resurgence in China and the impact of Russia’s invasion of Ukraine. Chief Executive Thierry Vanlancker said in a statement that the group’s “vigorous pricing initiatives” had helped it manage “the unprecedented variable cost inflation that impacted […]
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From soaring food prices to social unrest, the fallout from the Russia-Ukraine war could be immense
People attend ‘Mothers’ March’ as part of the ‘Stand with Ukraine’ international protest, in Krakow, Poland on April 10, 2022. Nurphoto | Nurphoto | Getty Images When Russia invaded Ukraine no one knew how long the ensuing conflict would last, or how deep the shockwaves sent through Europe or the rest of the world would […]
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ABB shrugs off uncertainties to post big jump in orders
Gianluca Colla | Bloomberg | Getty Images ABB shrugged off rising global uncertainties like the war in Ukraine and increasing inflation to post a big jump in orders during the engineering and technology company’s first quarter. The maker of factory robots and industrial drives increased its new order intake by 21% to $9.37 billion, the highest […]
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European markets head for higher open; Ukraine war remains in focus
LONDON — European stocks are expected to open higher Thursday as investors keep an eye on developments in the war between Russia and Ukraine. The U.K.’s FTSE index is seen opening 16 points higher at 7,636, Germany’s DAX 45 points higher at 14,392, France’s CAC 40 up 14 points at 6,638 and Italy’s FTSE MIB 12 […]
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Wimbledon bans players from Russia, Belarus over Ukraine war
Daniil Medvedev of Russia competes during the men’s singles fourth round match at Wimbledon tennis Championship in London, Britain, on July 6, 2021. Tim Ireland | Xinhua News Agency | Getty Images Tennis players from Russia and Belarus will not be allowed to play at Wimbledon this year because of the war in Ukraine, the […]
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Energy giants Siemens Gamesa and SSE agree $628 million deal amid rising costs and profit warnings
Details of the agreement between SSE and SGRE were announced on the same day the latter released preliminary results for the second quarter, reporting revenue of around 2.2 billion euros and an operating loss of roughly 304 million euros. Paul Ellis | AFP | Getty Images Siemens Gamesa Renewable Energy has agreed to sell assets […]
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Russia sets new deadline for Mariupol surrender; Ukraine troops there facing ‘last days, if not hours’
Ukrainian troops in Mariupol facing ‘last days, if not hours,’ commander says Major Serhiy Volyna, commander of Ukraine’s 36th Separate Marine Brigade, issued a desperate plea to world leaders in a Facebook video posted from the besieged city of Mariupol. “This is our appeal to the world. This could be the last appeal of our […]
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Russia and Ukraine’s battle for Donbas could decide the war — and it could go either way
Ukrainian soldiers stand on their armored personnel carrier (APC), not far from the front-line with Russian troops, in Izyum district, Kharkiv region on April 18, 2022. Anatolii Stepanov | Afp | Getty Images Russia’s new offensive in the Donbas region could prove to be extremely significant and decisive in the war, analysts warn, and could […]
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Sanctioned Russian bank founder Oleg Tinkov condemns ‘insane’ Ukraine war, calls on West to give Putin face-saving exit
Russian business tycoon Oleg Tinkov attends a session of the St. Petersburg International Economic Forum (SPIEF), Russia, June 7, 2019. Maxim Shemetov | Reuters Sanctioned Russian digital bank founder Oleg Tinkov on Tuesday blasted his nation’s “insane” war against Ukraine and called on Western nations to give Russia’s leader Vladimir Putin “a clear exit to […]
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U.S. is taking ‘a close look’ at whether to label Russia a state sponsor of terrorism. Here’s what that means
WASHINGTON — As the international community seeks new ways to increase economic pressure on the Kremlin for its brutal war against Ukraine, the idea of labeling Russia a state sponsor of terrorism has recently gained attention within the Biden administration. Ukrainian President Volodymyr Zelenskyy asked U.S. President Joe Biden to designate Russia a state sponsor […]
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