Ukraine
European stocks slide 1.2% after undisclosed investor sells stakes in German banks; Deutsche Bank tanks 9.5%
LONDON — European markets sank Tuesday morning as traders monitored heaving selling in the banking sector, and looked ahead to key central bank meetings and U.S. inflation prints. The pan-European Euro Stoxx 600 index was down 1.2% in early deals, with the German DAX dropping 1.8% and the banking sector falling 2.3%. Reports on Monday […]
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Ukraine prepares for Russian offensive in the east; West working to confirm reports of chemical weapons attack. Follow our live updates
Russian troops redeploying to eastern Ukraine, UK says An intelligence update on Tuesday morning from the U.K. Ministry of Defence said that Russian troops are continuing to withdraw from Belarus in order to redeploy in the eastern part of Ukraine. -Matt Clinch Russia’s war in Ukraine means there’ll be no return to normality for Europe’s […]
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Giant undersea cables set to give the UK and Germany their first direct energy link
Onshore wind turbines in Germany. The NeuConnect project says the interconnector will enable Britain to “tap into the vast energy infrastructure in Germany, including its significant renewable energy sources.” By Thomas E. Gunnarsson | Moment Open | Getty Images Key contracts totaling more than £1.5 billion ($1.95 billion) have been awarded for a major interconnector […]
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Pentagon monitoring reports of possible Russian chemical weapons attack in Mariupol
Armoured vehicles of pro-Russian troops drive along a street during Ukraine-Russia conflict in the besieged southern port city of Mariupol, Ukraine March 31, 2022. Alexander Ermochenko | Reuters WASHINGTON — Defense Department press secretary John Kirby said the Pentagon was closely monitoring reports Monday evening of a possible Russian chemical weapons attack on the besieged […]
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Russia could use phosphorus bombs in Mariupol, UK warns; Austrian leader to meet Putin. Follow our live updates
France’s Societe Generale to withdraw from Russia with sale of Rosbank stake; shares jump 5% French bank Societe Generale has announced plans to exit Russia. Bloomberg | Bloomberg | Getty Images French bank Societe Generale has agreed to sell its stake in Rosbank and the Russian lender’s insurance subsidiaries to Interros Capital, an investment firm […]
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This isn’t a recession – it’s a ‘war-cession,’ top strategist says. Here’s why it’s different
LONDON — The global economy is likely entering a “war-cession,” according to veteran investment strategist David Roche, and markets are underestimating its duration. It comes as markets attempt to navigate a flurry of concurrent economic hurdles, including Russia’s invasion of Ukraine, soaring inflation, rising interest rates and supply disruption from China’s efforts to contain a […]
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Russia-Ukraine war is having a limited impact on Europe vacation bookings, experts say
Travelers booking luxury trips to Europe have not canceled amid the Ukraine war, says travel advisor Jessica Griscavage of Runway Travel. Pictured, Grignan, France. Westend61 | Westend61 | Getty Images As the Russian invasion of Ukraine continues with no end in sight, how are Americans’ European vacation plans being affected? It depends on whom you […]
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Russia’s war will reorient global energy flows and these stocks stand to benefit, says Bernstein
Moving away from Russian energy means billions of dollars in new infrastructure spending, and these names stand to benefit, according to Bernstein. Source
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France heads to the polls as Macron faces his biggest threat yet
A political rally before the first round of the French presidential election. Sylvain Lefevre | Getty Images News | Getty Images French voters are heading to the polls Sunday in an election where the cost of living and the war in Ukraine dominated the political debate. Opinion polls from the week before the first round […]
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Russia wants to rebuild troop strength with recently retired soldiers, UK MoD says. Follow our live updates
Russia seeks to rebuild troop numbers with retired soldiers, U.K.’s MoD says Russia’s military is aiming to increase its troop strength with soldiers discharged in the last decade after suffering heavy losses in its invasion of Ukraine, the U.K.’s Ministry of Defence said in its daily intelligence update on Twitter Sunday. “In response to mounting […]
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