Several companies, including automakers Volkswagen and Renault and tire maker Nokian Tyres, on Friday outlined plans to shut or shift manufacturing operations following Russia’s invasion of Ukraine. After invading earlier this week, Russian forces pressed their advance on Friday as missiles pounded Kyiv and authorities said they were girding for an assault aimed at overthrowing …
Continue reading “Automakers idle production following Russia’s invasion, other firms also scramble”
European forward power prices fell further on Friday, with sanctions against Russia for its invasion of Ukraine yet to have an immediate impact on energy supplies. The price fall also came as an industry source said Russia’s Gazprom is set to resume gas supplies via the Yamal-Europe gas pipeline from Poland to Germany later on …
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Major stock markets in the United States turned to positive territory at Thursday’s closing bell, with the Nasdaq 100 leading the rally by surging nearly 3.5%. Moderna’s shares jumped by over 15% after the company reported its fourth-quarter earnings results earlier today. Meanwhile, President Joe Biden confirmed the US troops won’t get involved in the …
Continue reading “Wall Street ends in green, Nasdaq rebounds 3.5%”
This week, Germany’s Chancellor Olaf Sholz ordered the suspension of the certification process for Nord Stream 2, the Russian gas pipeline that would’ve significantly boosted the supply of Russian gas to Germany. The move came in response to Russia’s decision to recognize the two breakaway Ukrainian regions of Luhansk and Donetsk as independent republics and …
Continue reading “The Uncomfortable Truth About Sanctioning Russia”
BRUSSELS (Reuters) – The European Union is unlikely at this stage to take steps to cut Russia off from the SWIFT global interbank payments system as it works on a new package of sanctions against Moscow for its action against Ukraine, several EU sources said. The foreign ministers of the Baltic states, once ruled from …
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(Bloomberg) — President Joe Biden announced he would impose “severe sanctions” on Russia after Vladimir Putin ordered a military assault on Ukraine, which Biden condemned as an “unprovoked and unjustified attack.” Russia Attacks From North; U.S. Vows Sanctions: Ukraine Update Russia Launches Broad Attack on Ukraine in ‘Dark Day’ for Europe Biden’s First Salvo of …
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U.S. President Joe Biden unveiled sanctions targeting Russia’s sale of sovereign debt abroad and the country’s elites, responding to what he described as the start of Vladimir Putin’s invasion of neighboring Ukraine. “He’s setting up a rationale to take more territory by force,” Biden said Tuesday at the White House. “This is the beginning of …
Continue reading “Biden says Russia has begun an invasion of Ukraine, announces JOKE sanctions”
The S&P 500’s (.SPX) 1% slump on Tuesday confirmed that the world’s most watched stock index was in a correction for the first time since the 2020 Wall Street plunge brought on by the COVID-19 pandemic. U.S. investors sold stocks amid growing fears of war between Russia and Ukraine, paring some losses after U.S. President …
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Scott Morrison has spoken to Ukraine’s prime minister this evening, just hours after warning a full-scale Russian invasion was “likely to occur within the next 24 hours”. Australia has levelled financial and travel sanctions against Russian individuals and banks, but Morrison said the government was prepared to “do more”. Morrison reached Ukrainian prime minister, Denys …
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DOHA/LONDON, Feb 22 (Reuters) – Neither Qatar nor any other single country has the capacity to replace Russian gas supplies to Europe with liquefied natural gas (LNG) in the event of disruption due to a conflict between Russia and Ukraine, Qatar’s energy minister said on Tuesday. With most of Qatari volumes are locked into long-term …
Continue reading “Qatar says “almost impossible” to quickly replace Russian supplies to Europe”