Russia’s ruble is at strongest level in 7 years despite sanctions

Russian one ruble coin and Russian flag displayed on a screen are seen in this multiple exposure illustration photo taken in Krakow, Poland on March 8, 2022. Jakub Porzycki | Nurphoto | Getty Images Russia’s ruble hit 52.3 to the dollar on Wednesday, an increase of roughly 1.3% on the previous day and its strongest … Read more

Ukraine president hails troops; chemical plant sheltering civilians hit

Ukrainian President Volodymyr Zelenskyy speaks on June 6, 2022. As bitter fighting raged in the city of Sievierodonetsk, Ukraine’s president hailed his country’s fighters for defying Russian forces in his country’s eastern Donbas region. Ukrainian Presidency | Anadolu Agency | Getty Images As bitter fighting raged in the city of Sievierodonetsk, Ukraine’s president hailed his country’s … Read more

Russia-Ukraine war: Ukraine says it will prevail over Russia as eastern battle grinds on understands that your privacy is important to you and we are committed for being transparent about the technologies we use.  This cookie policy explains how and why cookies and other similar technologies may be stored on and accessed from your device when you use or visit websites that posts a link to this … Read more

Ukraine says no point in talks until Russian troops pushed back

Ukraine on Saturday dismissed French President Emmanuel Macron’s call not to “humiliate” Russia for the sake of diplomacy and said that there was no point in negotiating until Moscow’s forces were pushed back as far as possible. Macron, who has kept up dialogue with Kremlin leader Vladimir Putin since Russia’s Feb. 24 invasion, offered on … Read more

Trading strategies for investors worried about rising recession risks

Countries like the U.S. and U.K. are grappling with inflation that has risen to multi-year highs as the Ukraine war has caused energy prices to spike and food prices to rise. Angela Weiss | AFP | Getty Images Talk of a recession is heating up, with Wall Street veterans flagging the rising risks of a … Read more

What does Russia’s war mean for global climate goals?

A group of Ukrainian women demonstrate to call for further action against Russia near the headquarters of the EU Commission in Brussels, Belgium. Thierry Monasse | Getty Images News | Getty Images LONDON — Reflecting on energy markets just over one month into Russia’s onslaught in Ukraine, Saudi Arabia’s top energy official said: “Look at … Read more

Wartime World Trade: Fragmentation Thrice Over

→ Three wars curse the world today, each has fragmented world trade, and bereft of global leadership, fragmentation should be expected for the foreseeable future. ‘Fragmentation’. The Shorter Oxford English Dictionary teaches this noun connotes the “breaking or separating into fragments,” and “separation into parts which form new individuals or units.” Global trade amidst three … Read more

Structural faultlines in trade numbers

On the face of it, the numbers couldn’t be better. True, the gap between imports and exports widened, but that is to be expected in a growing economy. India exported $38.19 billion worth of merchandise goods in April 2022. This is nearly a fourth more than during the same month a year ago, when the … Read more

Deutsche Bank earnings q1 2022

Bloomberg | Bloomberg | Getty Images Deutsche Bank reported Wednesday a net profit of 1.06 billion euros ($1.13 billion) for the first quarter of the year. Analysts had forecast a figure of 1.01 billion euros for the three-month period, according to data from Refinitiv. On Mar. 11, Deutsche Bank said it would wind down its Russia … Read more

Russia hits rail and fuel targets far from the eastern front

Russia unleashed a string of attacks on Monday against rail and fuel installations deep inside Ukraine, far from the front lines of Moscow’s new eastern offensive, in a bid to thwart Ukrainian efforts to marshal supplies for the fight. The US., meanwhile, moved to rush more weaponry to Ukraine and said the assistance from the … Read more