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Will the latest Middle East crisis impact oil markets?

Last week’s airstrikes in Yemen by the US and UK are prompting concerns about potential impacts on oil prices. Despite media portrayal of unrest, it is prudent to exercise caution before prematurely asserting a significant spike in oil prices. The 4% surge in crude oil futures on Friday falls within …

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US Air Force chief comments on impact of F-16s in Ukraine

US Air Force chief Frank Kendall has poured cold water on claims that F-16s will have a significant impact in helping Ukraine defeat Russian forces, conceding that the American-made fighter jets won’t be a “game-changer” for Kiev because airpower isn’t playing a decisive role in the conflict. The F-16s “will …

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How EU halt of Ukrainian grain imports could impact global food supply

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Gorbachev made ‘profound impact’ on world history – Putin

Mikhail Gorbachev, the late last leader of the Soviet Union and architect of perestroika, led the country through “dramatic” and challenging times, Russian President Vladimir Putin has said.   Gorbachev passed away at the age of 91 on Tuesday.   “Mikhail Gorbachev was a politician and statesman who made a …

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Taiwan tensions impact US missile test

Chinese military drills off the coast of Taiwan have prompted the US Air Force to postpone a test of its nuclear deterrent on Thursday. A Minuteman III intercontinental ballistic missile (ICBM) was scheduled for a test launch from the Vandenberg Air Force Base in California, but was put on hold, …

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Debt default will hardly impact Russia – US Treasury

US Treasury Secretary Janet Yellen on Wednesday confirmed that Washington was unlikely to extend an exemption that allows Russia to make bond payments on its sovereign debt. “The expectation was that it was time-limited,” Yellen said at a press conference in Bonn, Germany. She was referring to the waiver that’s …

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Egypt assesses impact of Ukraine-related crisis

Egypt’s economy has sustained losses of up to 130 billion Egyptian pounds ($7 billion) amid the Ukrainian crisis, according to the country’s Prime Minister Moustafa Madbouly, as quoted by TASS. “The aftermath of the war has placed a huge financial burden on us and we have invested 130 billion pounds …

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FBI warns cyber attacks could impact world food supply

The top US law enforcement agency has warned of increased cyber attacks on agricultural cooperatives, saying hackers could target large-scale farms and potentially impact the world’s food supply.  The FBI’s Cyber Division issued a notice to private industry earlier this week, pointing to a growing number of ransomware attacks on …

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Russia warns G20 of global impact of sanctions

Sanctions imposed on Russia are creating serious risks to the global economy, Russian Finance Minister Anton Siluanov said via video link at a meeting of G20 finance ministers and central bank governors in Washington, DC on Wednesday. “Excessively loose budgetary and monetary policy pursued in recent years in developed countries …

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