Ukraine
How Russia’s war is cutting global auto production
Russia’s invasion of Ukraine has led auto industry watchers to cut production and sales forecasts for the next two years. The crisis has shuttered factories in Eastern Europe, and caused spikes in the prices of already precious raw materials. Some factories in Ukraine have tried to keep going amid the invasion. Workers have reportedly had […]
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Zelenskyy appeals for ‘stronger, more destructive’ sanctions; Ukraine infrastructure damage hinders aid efforts
Damaged roads in Ukraine hindering humanitarian aid, UK’s Defence Ministry says Maxar satellite multispectral image shows burning homes in residential area of Chernihiv, Ukraine on March 16, 2022. Satellite image (c) 2022 Maxar Technologies | Getty Images Ukraine’s roads and other infrastructure have been badly damaged by Russian troops, and that is now posing a […]
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Kyiv hit with most powerful explosions heard in weeks; Finland ‘highly likely’ to join NATO. Follow our live updates
Finland ‘highly likely’ to join NATO, minister says Facing a dramatic change in its security assessment and relations with Russia, Finland is ‘highly likely’ to join NATO now, Finland’s European affairs minister Tytti Tuppurainen told Sky News in an interview. “The people of Finland seem to have already made up their mind and there is a […]
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World’s largest yacht, linked to Russian billionaire Usmanov, is seized by Germany
A file photo dated September 10, 2018 shows mega yacht named “Dilbar” belonging to Uzbek-born Russian business-magnate Alisher Usmanov as it refuels by a tanker in Mugla, Turkiye. Germany seizes Russian billionaire Usmanov’s yacht at Port of Hamburg. Sabri Kesen | Anadolu Agency | Getty Images WASHINGTON — German authorities said they have seized the […]
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Ukraine seizes 26 cars and 32 apartments of detained Kremlin ally Medvedchuk
FILE PHOTO: Russia’s President Vladimir Putin (R) attends a meeting with leader of Ukraine’s Opposition Platform – For Life party Viktor Medvedchuk in Saint Petersburg, Russia July 18, 2019. Mikhail Klimentyev | Sputnik | Reuters WASHINGTON — Authorities in Ukraine announced Thursday that they have seized more than 150 assets belonging to Viktor Medvedchuk, the […]
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UK freezes record $13 billion in assets linked to two Abramovich associates
Chelsea owner Roman Abramovich is seen on the stand during the Barclays Premier League match between Chelsea and Sunderland at Stamford Bridge on December 19, 2015 in London, England. Clive Mason | Getty Images WASHINGTON — The United Kingdom on Thursday announced that it had frozen assets belonging to two Russian oligarchs worth up to […]
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Sustainable recovery spending could be derailed by commodity price spikes following Ukraine war
Concerns related to both the energy transition and energy security have been thrown into sharp relief by Russia’s invasion of Ukraine. At the same time, recent months have also seen commodity prices jump. Marcus Brandt | Picture Alliance | Getty Images The world’s governments have pledged more than $710 billion to “sustainable recovery measures” by […]
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European stocks rise as ECB confirms end of bond buying; Ericsson down 5%
The pan-European Stoxx 600 nudged 0.5% higher by mid-afternoon, with travel and leisure stocks gaining 2.5% while telecoms dropped 0.4%. The ECB kept its monetary policy unchanged but confirmed it will end its bond buying in the third quarter. Once the bond buying program is completed, the ECB is expected to begin hiking interest rates, following […]
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ECB confirms the end of its bond buying in the third quarter as inflation surges
The European Central Bank faces a tough balancing act, with inflation running at record highs while the war in Ukraine casts a shadow over the growth outlook. Thomas Lohnes | Getty Images News | Getty Images The European Central Bank on Thursday kept its monetary policy unchanged but confirmed it will end its bond buying […]
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Wells Fargo shares fall as quarterly revenue misses estimates, bank says credit losses to increase
Wells Fargo signage on May 5th, 2021 in New York City. Bill Tompkins | Michael Ochs Archives | Getty Images Wells Fargo on Thursday reported lower-than-expected first-quarter revenue amid a drop in mortgage lending, but beat earnings expectations as the bank decreased its credit reserves. Wells Fargo shares lost 3% in premarket trading. Here are […]
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