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US Senate passes $40 billion Ukraine bill

The US Senate voted on Thursday to pass a $40 billion package of military and economic aid to Ukraine. The bill gifts Kiev nearly $20 billion in weapons, ammunition and training, and dramatically boosts the budget of the US State Department. The bill passed by 86 votes to 11, and …

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$40 billion Ukraine aid package delayed in US Congress

A US plan to provide nearly $40 billion in additional military and economic aid to Ukraine amid its conflict with Russia has hit a speed bump, with Senator Rand Paul (R-Kentucky) blocking a quick vote to approve the funding bill and likely delaying passage to at least next week. Paul …

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IMF to expedite $5 billion loan to Ukraine

Ukraine likely needs $5 billion a month in financial assistance to keep its economy operating and the immediate priority was finding ways to fill that gap in the next three months, according to International Monetary Fund (IMF) Managing Director Kristalina Georgieva. The Washington-based financial institution will start work on a …

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Netflix loses $40 billion after Russia exit

Shares of American streaming service Netflix plunged 37% during early trading on Wednesday, marking a massive loss of $40 billion in market capitalization, after the company reported its first customer decline in more than a decade. The company said the number of subscribers in its first quarter dropped by 200,000, …

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Striking truckers reject Spain’s offer of half-billion euros

Striking truckers have rejected Madrid’s offer of a hefty subsidy to offset rising diesel prices, which the government had hoped would shut down a work stoppage that has snarled traffic across the country.  Transport Minister Raquel Sanchez pledged to introduce a $551.35 million (€500 million) subsidy in direct aid to …

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Russia enjoys $65 billion windfall as oil rallies

Russia could get an additional $65 billion for its state coffers this year if higher oil prices remain resilient, Bloomberg reported this week, citing estimates made by economists. For the windfall to realize, prices need to remain around $90 per barrel of Brent for the rest of the year, according to the …

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Spotify loses $2 billion in Joe Rogan controversy

The market capitalization of streaming services provider Spotify dropped some $2.1 billion within three days after folk-rock legends Neil Young and Joni Mitchell voiced their protest against its most popular podcast ‘The Joe Rogan Experience’ demanding to delete the show from the streaming platform over spreading fake pandemic information. The …

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