The macroeconomic picture is deteriorating rapidly and could push the US economy into recession as the Federal Reserve tightens monetary policy to tame surging inflation, Bank of America (BofA) warned on Friday. “Inflation shock worsening, rates shock just beginning, recession shock coming,” BofA’s chief investment strategist, Michael Hartnett, wrote in …
Read More »
Russian violinists will not travel to Finland to participate in a prestigious international music competition because of their nationality despite being previously selected based on their artistic merits, the Jean Sibelius Violin Competition Committee announced on Friday. It blamed Russians for “atrocities” amid Moscow’s military action in Ukraine. “The war …
Read More »
Taiwanese computer maker Acer has suspended its business in Russia, the company announced on its website on Friday. The multinational hardware and electronics corporation said the decision was made “due to recent developments,” referring to “the conflict between Russia and Ukraine.” The Taiwanese firm has joined the mass exodus of …
Read More »
Belarusian President Alexander Lukashenko says that Minsk must have a place at the negotiating table during the Russia-Ukraine talks. Lukashenko said that there was a war at the doorstep of his country during the Security Council meeting on Thursday. Open hostilities broke out in Ukraine after Moscow attacked the state …
Read More »
British oil giant Shell has confirmed a potential hit to the company of €3.7-€4.6 billion ($4 to $5 billion) from offloading its Russian assets as the company decided to pull out of the country amid Western sanctions. “For the first quarter 2022 results, the post-tax impact from impairment of non-current …
Read More »
The French are headed to the polls this Sunday, April 10 for the first of two rounds in the country’s presidential election. No longer about ‘right v left’, the contest pits the establishment globalist straightjacket against true democracy and independence. The result has the potential to not just cause a …
Read More »
The US expanded full blocking sanctions on Wednesday against Russia’s state lender Sberbank and one of the country’s largest private lenders, Alfa Bank. “Today, we’re dramatically escalating the financial shock by imposing full blocking sanctions on Russia’s largest financial institution, Sberbank, and its largest private bank, Alfa Bank,” a senior …
Read More »
Hungarian Prime Minister Viktor Orban said on Wednesday that he has invited President Vladimir Putin to meet the leaders of France, Germany and Ukraine in Budapest, urging the Russian leader to declare an immediate ceasefire in Ukraine. Open hostilities between Moscow and Kiev broke out when Russia attacked its neighboring …
Read More »
As the world is becoming more unstable, the “potential for significant international conflict is increasing, not decreasing”, the top US military officer told lawmakers on Tuesday. Defense Secretary Lloyd Austin and General US chairman of the Joint Chiefs of Staff Mark Milley defended the record-setting $773 billion budget the US …
Read More »
Repairs to two of the three mooring points of the Caspian Pipeline Consortium (CPC) pipeline damaged by a storm in Russia’s section of the Black Sea “will take, tentatively speaking, at least three to four weeks,” its operator said on Monday. The CPC is one of the world’s key crude …
Read More »