The latest on the Russia–Ukraine crisis, May 14. Click here for updates from May 13. Finland’s President Tells Putin: We Will Apply to Join NATO Finnish President Sauli Niinisto told his Russian counterpart Vladimir Putin Saturday that the militarily non-aligned Nordic country that shares a long border and history with Russia “will decide to apply…
LIVE UPDATES: Finland’s President Tells Putin: We Will Apply to Join NATO
LIVE UPDATES: Putin Tells Finland That Swapping Neutrality for NATO Is a Mistake
The latest on the Russia–Ukraine crisis, May 14. Click here for updates from May 13. Putin Tells Finland That Swapping Neutrality for NATO Is a Mistake Russian President Vladimir Putin told his Finnish counterpart Sauli Niinisto on Saturday that ditching neutrality and joining NATO would be a mistake that could damage relations between their two…
LIVE UPDATES: Russia Halts Electricity Supply to Finland
The latest on the Russia–Ukraine crisis, May 14. Click here for updates from May 13. Russia Halts Electricity Supply to Finland Russian state-owned utility Inter RAO has halted electricity supply to Finland on Saturday because it has not been paid. The company’s Finnish subsidiary said in a statement on Friday that Inter RAO has not…
LIVE UPDATES: Turkey to Hold Talks With Sweden, Finland Over NATO Membership
The latest on the Russia–Ukraine crisis, May 14. Click here for updates from May 13. Turkey to Hold Talks With Sweden, Finland Over NATO Membership Foreign ministers from Finland, Sweden and Turkey will hold clear the air talks in Berlin on Saturday to resolve disagreements over Finnish and Swedish plans to join NATO, as the…
Japan to Ban Exports of High-Tech Goods to Russia
May 14, 2022
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Japan said Friday that it will ban exports of cutting-edge goods to Russia as additional sanctions against Moscow over its invasion of Ukraine. According to the Economic and Trade Ministry, the ban on exports of 14 high-tech goods, including oil refining equipment, quantum computers, 3D printers, and electron microscopes, to Russia will take effect starting…
Russian Oil Revenue Up 50 Percent, Despite Sanctions
Russian oil revenue has risen by 50 percent since the beginning of the year, despite sanctions aimed at punishing the country for its recent and ongoing invasion of Ukraine, according to a new report by the International Energy Agency (IEA). In its most recent monthly market report, the IEA said that the Russian Federation had…
Rising Airline Ticket Prices Is Cooling Demand For Summer Travel
The airline industry is taking a hit with airline fares rising 19 percent between March and April, led by factors such as higher jet fuel prices and more travelers flying post-pandemic, says a report from Adobe published on May 12. Pilot shortages and increasingly random flight cancellations have also led to a reduction in service. Surging…
GM Agrees 8.5 Percent Raise With Mexico Union in Test of New Trade Deal
MEXICO CITY—U.S. automaker General Motors has agreed a 8.5 percent wage hike with a new, independent union at its pick-up truck plant in the central Mexican city of Silao, labor representatives said on Thursday, one of the highest recent raises in the country’s auto industry. The deal with union SINTTIA also marks the first major…
Gazprom Cuts Nominations for Gas Transit via Ukraine on May 13
KYIV,Ukraine—Russia’s Gazprom has reduced the booked capacity for gas transit through Ukraine via the Sudzha entry point on May 13 to 60.8 million cubic metres (mcm) from the previously announced 65.7 mcm, Ukraine pipeline operator data showed on Friday. The state-run operator said earlier that Gazprom had booked capacity of 53.45 mcm via Sudzha for…
SoftBank Vision Fund Posts $26 Billion Loss; Son Pledges Defense
TOKYO—Japan’s SoftBank Group Corp. reported a record $26.2 billion loss at its Vision Fund investment arm on Thursday, as rising interest rates and political instability whiplashed high-growth tech stocks. The loss was in stark contrast to a year earlier when SoftBank delivered a record annual profit, putting founder and CEO Masayoshi Son’s strategy of concentrating…
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