Tag Archives: global

The Organization for Economic Development (OECD) said on Thursday that the war in Ukraine could cut global economic growth by more than one percentage point in the first year after its start. According to the OECD, its impact could also cause a “deep recession” in Russia if it is sustained. Consumer …

Russia could be forced to cut crude production by nearly a third starting next month, as traders are reportedly reluctant to buy oil from the country amid Western sanctions, the International Energy Agency warned on Wednesday. “The prospect of large-scale disruptions to Russian oil production is threatening to create a …

Russian President Vladimir Putin has opined that the latest raft of unprecedented sanctions imposed on Russia by the US and its allies over the Kremlin’s military campaign in Ukraine, mark the end of an era. According to Putin, from now on the West will be losing its “global dominance” both …

The US, Russia, and other major powers should sign an agreement which would contain “three-four-five clauses” about Ukraine’s security, Ukrainian President Volodymyr Zelensky has suggested in an interview with the RBC Ukraine outlet on Thursday. Saying that NATO now is “the only one of the existing security alliances which Ukraine …

If Russia launches an invasion of Ukraine, the global economy will suffer an inevitable fallout as a result of newly unleashed Western sanctions on Moscow, the US Treasury secretary warned on Wednesday. Speaking to French news agency AFP, Janet Yellen explained that the US and its European allies are preparing …

Ukraine’s SkyUp Airlines has released a statement, confirming that major international insurance companies notified Ukrainian carriers on Saturday that they will stop covering aircraft flying over Ukraine “within 48 hours.” According to the statement, the decision was made in light of “growing risks of a military conflict breaking out.” SkyUp …

Current tensions between Russia and Ukraine are expected to have a negative impact on global grain markets, as both countries are among the world’s largest grain producers.However, it’s currently difficult to assess the scale of potential damage as food prices depend on a range of factors, according to Monika Tothova, …

China’s dispute with Lithuania over its recognition of Taiwan attracted a lot of headlines in 2021, and it will surprise few that the repercussions are still rumbling on into the new year. In retaliation for the opening of a “Taiwan representative office” in Vilnius, China has not only downgraded its …

The new year started with a fresh highwater mark for Apple, which became the first company to hit a market value of $3 trillion as investors poured new money into stocks on the first day of regular trading. Apple’s shares traded as high as $182.88 on Monday, up 3% from …

Oregon health officials have announced three cases of Candida auris, a rare fungal infection that the Centers for Disease Control and Prevention (CDC) have described as posing a “serious” concern for the world. Officials confirmed the three cases in Oregon on Tuesday, the first in the state. The original case …