Global recession risks rise: Kemp
By John Kemp
U.S. and European economies are facing a heightened risk of a recession this year as Russia’s invasion of Ukraine severely disrupts supply chains and causes ...
Articles
Florida Panhandle wildfires force evacuation of hundreds of homes
Steady winds across Florida‘s Panhandle stoked a rash of wildfires on Monday that ignited in thickets of dead vegetation left in the wake of a 2018 hurricane, forcing the evacuation ...
More than 1.7 million Ukrainians have fled to Central Europe, UN says
More than 1.7 million Ukrainians fleeing Russia’s invasion have so far crossed into Central Europe, the United Nation’s refugee agency said on Monday, as thousands more streamed across the ...
Hundreds of bakeries shut in Sri Lanka after cooking gas runs out
Nearly 1,000 bakeries have closed in Sri Lanka due to a severe shortage of cooking gas, an industry association said on Monday, as the impact of dwindling foreign exchange reserves ricochets ...
UK rejects opening borders to Ukraine refugees
Prime Minister Boris Johnson rejected calls on Monday for Britain to ease visa demands on Ukrainian refugees fleeing conflict, saying Britain was a generous country but it needed to maintain ...
Russia will stop ‘in a moment’ if Ukraine meets terms – Kremlin
Russia has told Ukraine it is ready to halt military operations “in a moment” if Kyiv meets a list of conditions, the Kremlin spokesman said on Monday.
Dmitry Peskov said ...
Sanctions fears push European gas prices to record highs
European and British wholesale gas prices hit unprecedented levels on Monday on escalating fears that Russian energy exports could face sanctions after Russia’s invasion of Ukraine.
U.S. Secretary ...
Ukraine decries Moscow’s ‘immoral’ stunt as peace talks take place (Update 6)
The bodies of at least 13 civilians were recovered from rubble after factory in the town of Makariv in the Kyiv region was hit
Moscow offered Ukrainians escape routes to Russia ...
Top Russian, Ukrainian diplomats to meet Thursday in Turkey
Russian Foreign Minister Sergei Lavrov and Ukrainian counterpart Dmytro Kuleba have agreed to meet at a forum in southern Turkey on Thursday, the first potential talks between the top diplomats ...
Airlines use hedging, fuel surcharges to offset some pain as oil surges
The price of oil has surged to its highest level since 2008 after Russia’s invasion of Ukraine, adding to airline costs at a time when carriers have been struggling to ...
Confusion, but not panic, reigns in global finance in Russia’s wake
Western allies’ sanctions against Russia have started to blowback in the form of large potential losses for their own banks, companies and investors, often in unexpected ways. In the past, ...
Hundreds of thousands in Ukraine cut off from aid, UN says
– Hundreds of thousands of people inside Ukraine have been cut off from life-saving aid due to the military encirclement of cities, a U.N. report said on Monday, calling urgently ...
Russian no show at U.N. court hearings on Ukrainian war (Update 3)
Ukraine sought an emergency order from the United Nations’ highest court on Monday to halt hostilities on its territory, arguing that Russia – which boycotted the hearing – had falsely applied genocide ...
Accounting firms KPMG and PwC to exit Russia
Two of the Big Four accounting firms KPMG and PricewaterhouseCoopers LLP (PwC) on Sunday said they will no longer have a member firm in Russia due to the country’s ...
Oil should not be paid for with “blood of Ukraine”, Lithuania tells Blinken (Update 1)
Lithuania called for an embargo on Russian energy sales on Monday, telling U.S. Secretary of State Antony Blinken that oil and gas should not be paid for with the “...
Russian and Ukrainian weapons compete at Saudi defence show
As the tragic reality of war unfolds in eastern Europe, visitors to a defence show in Saudi Arabia were met with the surreal sight of seeing the latest Ukrainian and ...
UK house prices rocket at fastest rate since 2007: Halifax
British house prices are rising at the fastest rate since before the global financial crisis as a shortage of sellers continued to pump up the housing market, mortgage lender Halifax ...
Leader of S.Korea’s ruling party attacked ahead of presidential election
The leader of South Korea’s ruling party was hospitalised on Monday after being attacked while campaigning for this week’s presidential election, a race already overshadowed by controversy and ...
Southern Europe grapples with changing face of tourism
By Karolina Tagaris
CORFU, Greece, March 6 (Reuters) – It took one electricity bill to crush Dimitris Diavatis’ hopes that his Greek summer resort could bounce back to its pre-pandemic health this ...
Iran criticises Russian ‘interference’ in nuclear talks
Iranian officials criticised Russian “interference” in the final stages of talks aimed at reviving Tehran’s nuclear deal with major powers, Iran’s semi-official Tasnim news agency reported on Monday.
...
Euro slides as war in Ukraine stokes inflationary shock
The euro tumbled to a fresh 22-month low on the dollar while commodity currencies were swept to multi-month peaks as war in Ukraine sent oil prices spiking and stoked fears ...
Russia to open humanitarian corridors in Ukraine on Monday
The Russian military will hold fire and open humanitarian corridors in several Ukrainian cities including the capital Kyiv at 1000 Moscow time (0700 GMT) on Monday, Russia’s defence ministry said.
The ...
U.S., European allies discuss banning imports of Russian oil
The United States and European allies are exploring banning imports of Russian oil, U.S. Secretary of State Antony Blinken said on Sunday, and the White House coordinated with key ...
U.S. gasoline prices soar to highest since 2008 on Russia conflict
U.S. gasoline prices jumped 11% over the past week to the highest since 2008 as global sanctions cripple Russia’s ability to export crude oil after its invasion of Ukraine, automobile ...