Category: Russia Ukraine invasion

War in Ukraine Putting European Carmakers in a Tight Spot

March 8, 2022
Auto Production ShortageBusiness & EconomyEuropeGlobal supply chain disruptionMarketsRussia Ukraine invasionRussia-Ukraine WarSemiconductor ShortageWorld
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Russia’s invasion of Ukraine has further disrupted global supply chains with automakers facing challenges like shortages of components and rising material costs, leading to an overall decline in availability of cars in international markets. European carmakers Mercedes-Benz and Audi have announced plans to scale down production at their plants due to supply disruption of auto…

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Brent Crude Hits $139 Per Barrel Following Challenges in Iran Deal and Potential Russian Oil Ban

March 7, 2022
brent crudeBusiness & EconomycommoditiesEuropeIran dealMarketsNew Sanctions on Russiaoil pricesRussia Ukraine invasionRussia-Ukraine WarUSUS NewsWorld
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Brent crude oil prices breached $139 per barrel in early trade on March 7 due to the possibility of a ban on Russian oil exports as well as delays in a U.S.–Iran deal, which has been further complicated by the war in Ukraine. As it touched $139.13 a barrel, Brent crude prices broke through the…

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Russia–Ukraine War Triggering Demand for Underground Doomsday Bunkers in US, UK

March 7, 2022
Business & EconomyCompaniesdoomsday preppingEuropeMarketspanic buyingRussia Ukraine invasionRussia-Ukraine Warunderground bunkerUSUS NewsWorld
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Russia’s war against Ukraine and Vladimir Putin’s talks about nuclear weapons have been causing concern among some people who are buying up underground bunkers as a last-option safe haven in the event of a global war. According to Gary Lynch, the general manager of Texas-based Rising S Company, demand for his company’s survival shelters surged…

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US Lawmakers Warn Following Ukraine’s Call for No-fly Zone Would Lead to ‘World War III’

March 7, 2022
Business & EconomyeconomyEuropeMarketsNo-fly ZonePoliticsRussia Ukraine invasionRussia-Ukraine WarUSUS NewsWorldworld war 3
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Lawmakers from the United States and Europe are shrugging off Kyiv’s call for imposing a no-fly zone over Ukraine, warning that such a move could trigger another disastrous global war. A no-fly zone refers to airspace where certain aircraft are not allowed to enter to prevent surveillance or attacks. Imposing this directive over Ukraine would…

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Russia Suspended From WTO Coordinating Group

March 6, 2022
Business & Economyeconomic policieseconomyEuropeMarketsRussia Ukraine invasionRussia-Ukraine WarThe European UnionWorldWTO - World Trade Organization
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The United States and the European Union have announced the suspension of Russia from the Developed Countries Coordination Group at the World Trade Organization (WTO) due to Moscow’s “unprovoked and unjustified” attack against Ukraine. Both the United States and the EU believe that it is “no longer appropriate” to allow Russia to remain part of…

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Americans Must Exit Russia ‘Immediately,’ Embassy Has ‘Severe Limitations’: State Department

March 6, 2022
do not travelEuropeRussia Ukraine invasionRussia-Ukraine Wartravel advisoryU.S. embassy in RussiaUSUS NewsWorld
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The U.S. State Department has asked Americans residing in Russia to leave the country as soon as possible, issuing a “Level 4: Do Not Travel” alert, warning citizens against traveling to Russia. American citizens in Russia are at threat of potential harassment by Russian government security officials, according to a travel advisory issued on March…

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Sky News Team Ambushed by Russian Forces While Covering Ukraine War

March 5, 2022
EuropeRussia Ukraine invasionRussia-Ukraine WarRussian military forcessky newswar reportingWorld
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A Sky News journalist was wounded in a Russian ambush while reporting in Ukraine, with his camera operator taking two rounds to the body armor. Sky News chief correspondent Stuart Ramsay and his team were near the capital city of Kyiv in a car on Monday when they came under sudden attack. Though they were…

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Top Russian General Killed in Ukraine War, Russia Reports Around 500 Casualties

March 4, 2022
EuropeRussia Ukraine invasionRussia-Ukraine WarRussian military forcessniperUkrainian military officialsWorld
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A top Russian military officer, Maj. Gen. Andrei Sukhovetsky, was killed in combat earlier in the week, according to multiple media outlets. A sniper shot is said to be the reason behind the death although details remain unclear. Sukhovetsky, Deputy Commander of the 41st Combined Arms Army of the Russian Ground Forces, was killed during…

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World Bank Worried About Global Food Supply and Increasing Prices as War Rages in Major Exporter Ukraine

March 4, 2022
Business & EconomycommoditiesEuropefood importMarketsRussia Ukraine invasionRussia-Ukraine Warwheat productionWorldWorld Bank
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The Russian incursion into Ukraine is a “catastrophe” for the world, said the president of the World Bank, David Malpass, while warning about the negative impact of the war on global food supplies, prices, and further supply chain crunches. Stressing that his biggest concern was the “pure loss of human lives,” Malpass pointed out that…

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Speedy Bankruptcy Offered By Russia As One of Three Choices For Foreign Firms

March 4, 2022
British PetroleumBusiness & EconomyEuropeMarketsNew Sanctions on RussiaRussia Ukraine invasionRussia-Ukraine WarToyota Motor CorpWorld
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Russia is offering foreign companies, seeking to exit the country, fast-tracked bankruptcy options as businesses face increasing challenges from western sanctions imposed as a result of Moscow’s initiation of war against Ukraine. The fast bankruptcy plan “will support the employment and social well-being of citizens so that bona fide entrepreneurs can ensure the effective functioning…

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