Tag Archives: Russia

(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

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Monday, February 28, 2022 Corporate America is launching two of its own birds into Putin’s backyard for his invasion into Ukraine. Not airplanes, but one finger from each hand. Here are the first round of actions from a host of multinational companies that began to trickle in over the weekend: Transport giants FedEx and UPS have suspended shipments… Source link

The logo of Russia’s state communications regulator, Roskomnadzor, is reflected in a laptop screen showing Google start page, in this picture illustration taken May 27, 2021. REUTERS/Maxim Shemetov/Illustration Register now for FREE unlimited access to Reuters.com Register MOSCOW, Feb 28 (Reuters) – Russia on Monday ordered Alphabet Inc’s (GOOGL.O) Google to immediately restrict access to information posted as part of Google Ads that it said contained inaccurate information about casualties… Source link

Vasiliy Lomachenko, a former three-division world champion and two-time Olympic gold medalist with eyes on a title bout in June, has reportedly taken up arms to defend his native Ukraine against the Russian invasion. Lomachenko, 34, posted an image of himself wearing military fatigues and holding a rifle via Facebook on Sunday alongside an announcement that he has joined a voluntary defense battalion amid the Russian onslaught. “The Belgorod-Dniester Territorial Defense Battalion has been… Source link

(Bloomberg) — U.S. equity futures slid Monday, while bonds and commodities including oil rose, amid heightened market uncertainty after Western nations unveiled harsher sanctions on Russia for the invasion of Ukraine. Most Read from Bloomberg S&P 500 contracts and those for the technology-heavy Nasdaq 100 were down over 2%. European futures declined 4%. Oil and palladium jumped, with Brent crude again vaulting above $100 a barrel. Rallies in a dollar gauge, gold and Treasuries underlined the… Source link

As the U.S. and its allies impose punishing sanctions against Russia for its invasion of Ukraine, government agencies and businesses may face retaliatory cyberattacks. Russia is a formidable opponent in the cyberwarfare space, as evidenced by its ability to disrupt Ukraine’s power grid in 2015 and 2016. Still, the U.S. has just as much firepower. Need proof? Look no further than the American and Israeli computer worm known as Stuxnet that took out an Iranian uranium enrichment facility in… Source link

Last month, Valentyna Kostyantynovska heard the building drumbeat toward Russia’s invasion of Ukraine and decided to join the defense forces. She figured that the only way her homeland stood a chance against such overwhelming force was if everyone chipped in. And by everyone, she meant everyone. Even someone such as herself, a 79-year-old from Mariupol, located along the Sea of Azov which is connected to the Black Sea. “I cannot do much,” Kostyantynovska told Reuters. “I can help the… Source link

President Joe Biden announced a second round of “strong” and “profound” economic sanctions against Russia on Thursday after the country’s brazen invasion of its neighbor, Ukraine. Experts question the effectiveness of meting out the types of economic punishments now issued against Russia, noting that the country may find ways to work around them and that sanctions have done little to curb President Vladimir Putin’s actions in the past. Moreover, Russia has the support of the world’s… Source link

Last month, when the U.S. State Department began urging American citizens to leave Ukraine, Jerome Randle’s phone started buzzing incessantly. Friends and family in America would send Randle media reports detailing Russia’s extraordinary military buildup along its border with Ukraine. They then begged the Chicago native to pack up his belongings and return home before it was too late. “At least 50 people must have hit me up,” Randle, 34, told Yahoo Sports. “They were all saying,… Source link

As Russia launches a war against Ukraine, the Nasdaq Composite (^IXIC) — down more than 3% at Thursday’s open — mounted a furious comeback, with megacap stocks Microsoft (MSFT) and Alphabet (GOOGL, GOOG) doing much of the heavy lifting. However, the eight largest U.S. publicly traded companies have hemorrhaged over $2 trillion in market capitalization since their combined value peaked in mid-November. According to one Wall Street strategist, the geopolitical maelstrom may give… Source link