Prominent economist and Harvard professor Kenneth Rogoff offered a biting take on how the world will remember Russian president Vladimir Putin. “Putin is a pariah. I have many Ukrainian friends and Russian friends who are utterly distraught. They look at being cut off from the world for a long time,” the former chief economist at the International Monetary Fund said on Yahoo Finance Live. “He is going to be looked at as a mass murder. People are going to be looking at again genocide charges…. Source link

U.S. stocks traded mixed and energy prices soared Monday after an escalation of sanctions against Russia amid an ongoing conflict in Ukraine stoked further uncertainty over the outlook for global financial markets. The S&P 500 and Dow each declined, while the. Nasdaq turned positive after opening lower. West Texas intermediate crude oil prices (CL=F) soared to as much as $99.10 per barrel before paring some gains. Brent crude (BZ=F), the international standard, rose to a near seven-year high… Source link

Matti/Pexels Sanctions On Russia Go To Eleven  In our previous post (Russia’s Invasion of Ukraine: Risks and Opportunities), we wrote that one reason U.S. markets bounced after Russia’s invasion of Ukraine was that Russia’s invasion didn’t lead to war with NATO, and the West hasn’t so far resorted to nuclear-level sanctions against Russia, such as removing it from SWIFT or boycotting its energy exports. But we cautioned that a couple of big outstanding risks remained. First,… Source link

A driver of Yandex.Taxi online ride-sharing service wearing a protective mask, used as a preventive measure against the coronavirus disease (COVID-19), sits inside a car in Moscow, Russia April 12, 2020. REUTERS/Maxim Shemetov Register now for FREE unlimited access to Reuters.com Register VILNIUS, Feb 28 (Reuters) – Lithuania’s transport and economy ministers said on Monday they asked Google and Apple to remove, in Lithuania, the app for the Yandex.taxi ride-hailing service, owned by Uber Source link

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U.S. tech companies like Google, Facebook and Twitter have started to respond to Russia’s invasion of Ukraine by attempting to stop the spread of disinformation and demonetizing ads that run on Russian state media accounts. Ukrainian digital minister Mykhailo Fedorov posted public messages on Telegram and Twitter to put pressure on tech leaders in an attempt to drum up support. Some companies had already started to make changes. Meta, which owns the global social media giant Facebook, said… Source link

Shares of Russian search engine Yandex were poised to continue their precipitous decline on Monday as Western economies tightened sanctions following Russia’s invasion of Ukraine. Trading of Yandex (ticker: YNDX) stock was halted on the Nasdaq on Monday, citing news pending. Before the halt, the shares were down 21% to $14.90 in premarket trading. Yandex… Source link

Facebook, Google and Twitter logos are seen in this combination photo from Reuters files. REUTERS/ Register now for FREE unlimited access to Reuters.com Register BRUSSELS, Feb 28 (Reuters) – Alphabet (GOOGL.O) unit Google and its subsidiary YouTube, Facebook (FB.O) and Twitter (TWTR.N) must do more to tackle disinformation related to Russia’s invasion of Ukraine, the premiers of Poland, Lithuania, Latvia and Estonia said. In a joint letter to the chief executives of the four companies dated Feb…. Source link

(Bloomberg) — Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast. Most Read from Bloomberg The Bank of Russia acted quickly to shield the nation’s $1.5 trillion economy from sweeping sanctions that hit key banks, pushed the ruble to a record low and left President Vladimir Putin unable to access much of his war chest of more than $640 billion. The central bank more than doubled its key interest rate to 20%, the highest in almost two decades, and… Source link

Sundar Pichai Photo: Courtesy of Google Source link