Ukraine
Red Cross rescuers try again to reach besieged Mariupol; Ukraine forces advance near Kyiv, UK says. Follow our live updates
A Red Cross convoy will try again on Saturday to facilitate the safe passage of civilians from the encircled Ukrainian city of Mariupol. The International Committee of the Red Cross on Friday sent a team of humanitarian workers to lead a convoy out of the port city, which has been besieged since the early days […]
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Why Russia’s invasion of Ukraine could spark a NATO defense spending spree
The Russian invasion of Ukraine is unleashing a new era of military spending across Europe. Member countries of the North Atlantic Treaty Organization, such as Germany, have done an about-face on its defense budget in recent weeks. “The Russian invasion of Ukraine was a wake-up call for a lot of Germans, for politicians and for […]
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Euro zone inflation hits another record high of 7.5% as Russia-Ukraine war pushes up energy prices
Christine Lagarde, President of the European Central Bank. Daniel Roland | Afp | Getty Images The cost of living hit another record high in the euro zone last month, raising further questions about how the European Central Bank can stabilize such rapidly rising consumer prices. Headline inflation came in at 7.5% for March on an […]
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Biden’s plan to bring down gas prices could take weeks. Here’s how to get relief now
Filling up at the pump comes with a hefty dose of sticker shock. Russia’s invasion of Ukraine and global supply concerns have sent gas prices to record highs — hitting $6 in some parts of the country. To combat the spike in energy costs, the White House said it will release 1 million barrels of […]
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Russia needs to show ‘success at home’ to justify war in Ukraine
A land grab in the Donbas region could be used by Russia to justify the war and claim victory, analysts said. Leon Klein | Anadolu Agency | Getty Images Russia will want some form of victory before backing down from the war in Ukraine — and escalation in the war is still possible at this […]
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Russia hits back at U.S. intelligence claims that Putin was ‘misled’ over Ukraine war
President-elect Vladimir Putin ahead of being sworn-in as President of Russia at St Andrew’s Hall of the Moscow Kremlin. Mikhail Metzel | TASS via Getty Images Russia’s Kremlin has rebuffed claims made by the U.S. that President Vladimir Putin felt he was “misled” by his military commanders over Moscow’s invasion of Ukraine. “To our regret […]
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Russia and the West are battling to get China and India to take their sides in the Ukraine war
Russian President Vladimir Putin, Indian Prime Minister Narendra Modi and Chinese President Xi Jinping meet on the sidelines of the 2019 G-20 summit in Osaka, Japan. Mikhail Klimentyev | Afp | Getty Images Russia’s invasion of Ukraine has led to the biggest clash in decades between Moscow and the West. Both are competing to persuade […]
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Putin talks tough on gas-for-rubles deadline. But European leaders aren’t too worried
Russian President Vladimir Putin has demanded so-called “unfriendly” countries pay for Russian gas in rubles. Mikhail Klimentyev | Afp | Getty Images Russian President Vladimir Putin has sought to ratchet up the pressure on foreign buyers of natural gas, telling so-called “unfriendly” countries to pay in rubles from Friday — or have their supplies cut […]
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Russia-Ukraine talks to resume; Russian gas continues to flow to Europe. Follow our live updates
Russian gas continues to flow into Europe, Russia’s Gazprom says Russian state-owned energy giant Gazprom said Friday that it was continuing to supply Europe with natural gas, Reuters reported. Andrey Rudakov | Bloomberg | Getty Images Russian state-owned energy conglomerate Gazprom said Friday that its natural gas continued to flow into Europe via Ukraine, Reuters […]
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There are signs a recession could be on the way. Here are some ways to protect your savings
An inversion in Treasury yields has stoked investor concerns that a recession might be on the horizon, but strategists say there are steps you can take now to protect your savings. Morsa Images | E+ | Getty Images With a historical indicator of recessions flashing red this week, financial experts have shared their top tips […]
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