Tag: Russia

BUSINESS

IMF — Economy Faces Biggest Crisis Since Second World War

According to the International Monetary Fund (IMF) Managing Director Kristalina Georgieva, the world’s economy faces perhaps its biggest test since the Second World War. Her statement comes against Russia’s invasion of Ukraine and the economic havoc caused by the COVID-19 pandemic. She argued that the global economy is being brought to the edge of a precipice by crisis upon crisis. […]

BUSINESS

McDonald’s Set To Exit Russia

McDonald’s is set to pull out of Russia after nearly 32 years of operation in that country. This move comes after it temporarily closed its 850 outlets in March. The fast-food giant said it made the decision because of the humanitarian crisis and unpredictable operating environment caused by the Ukraine war. The decision will directly affect some 62,000 employees, along […]

NEWS

Finland announces ‘Historic’ NATO Bid, Sweden Expected To Follow

Sweden is also expected to follow Finland’s application to join the NATO military alliance. The Finnish government has officially announced its intention to join NATO, as Sweden’s ruling party held a decisive meeting that could pave the way for a joint application to the military alliance. Less than three months after Russia invaded Ukraine on February 24, Finland’s announcement on […]

BUSINESS

The Russian Ruble Is Still Rallying

Although restrictions have been imposed on Russia and several businesses have exited the market in the country, the ruble is still holding its own against the U.S. dollar, according to press reports. Last week the currency was trading upwards, and the report noted it was up more than 11% against the U.S. dollar since the start of the year, surpassing […]

NEWS

Ukraine Praises ‘Liberation’ In The Battle Of Kharkiv

Ukrainian forces reportedly prevented Russian troops from encircling the second-largest city and then expelled them. Russian troops are withdrawing from Ukraine’s second-largest city Kharkiv after weeks of heavy bombardment in another battlefield setback for Moscow. Ukraine’s military said on Saturday the Russians were pulling back from the major northeastern city and focusing on guarding supply routes. Read more at — […]

NEWS

IEA Says Enough Oil Abounds

The International Energy Agency (IEA) now says the world will not be left short of oil even with lower output from sanctions-hit Russia, in a U-turn after it predicted a possible global supply shock in March. The IEA, after warning on March 16 that three million barrels per day could be shut in from April, lowered that figure for a […]

NEWS

US House Passes $40 Billion Bill To Bolster Ukraine Against Russian Invasion

WASHINGTON — The U.S. House of Representatives approved more than $40 billion more aid for Ukraine on Tuesday, as Congress races to keep military aid flowing and boost the government in Kyiv as it grapples with the Russian invasion. The House passed the Ukraine spending bill by 368 to 57, with every ‘no’ vote coming from Republicans. The measure now heads […]

NEWS

Russia Demands Polish Apology For Red Paint Attack On Ambassador

Russia said a decision on what ‘further steps will be taken’ against Poland depends on Warsaw’s response to the demands. Russia has demanded a formal apology from Poland and threatened possible future reprisals after Moscow’s ambassador to Warsaw was doused with red paint by protesters. Russian ambassador Sergey Andreev was jostled, heckled and splattered with red paint by people protesting against Russia’s […]

EDITORIAL

Donkey Want Water Hold Him, Joe

Nearly three months after the misadventure of Russia into Ukraine by invasion, we are yet to see an end to this war in sight. Meanwhile, the wanton killing of people and the destruction of properties continue unabated. This unnecessary cost caused by one man to another country in the 21st century should never be allowed, but it has come about […]

NEWS

Finland And Sweden Aim For NATO Membership, Prompting Russia’s Fury

HELSINKI — Finland and Sweden are expected to formally apply to join NATO later this month, in response to Russia’s invasion of Ukraine. Both countries say Moscow’s actions have changed the security dynamic in Europe and the Kremlin’s nuclear threats require the collective self-defense that NATO can provide. Finnish lawmakers are debating joining the alliance following the publication of a key […]