War sanctions against Russia, along with misguided U.S. central bank and trade policies, are likely to fuel an economic storm that will catapult America into a major crisis, an expert has warned. Michael Wilkerson—author, investor, and financial analyst—told The Epoch Times in a wide-ranging interview that the economic sanctions against Moscow combined with years of…
Russia Sanctions and Central Bank Policies Backfire, Hurtling America Into Economic Storm: Author
July 15, 2022
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Europe ‘Shot Itself in the Lungs’ With Sanctions on Russia, Orban Says
July 15, 2022
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Business & Marketscrisiseconomic policieseconomyEuropeHungaryinflationRussiaRussia-Ukraine WarsanctionsUkraineViktor OrbanWorld
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BUDAPEST—The European Union has “shot itself in the lungs” with ill-considered economic sanctions on Russia, which, unless rolled back, risk destroying the European economy, Hungarian Prime Minister Viktor Orban said on Friday. Gas supplies to Europe have tightened and fuel costs have soared since Russia’s invasion of Ukraine in February and subsequent sanctions, leaving countries…
G20 Finance Meeting Kicks Off With Ukraine War, Inflation in Focus
July 15, 2022
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Asia & PacificBusiness & MarketseconomyEuropeG20 Finance Ministers MeetingIndonesiainflationInternationalRussia-Ukraine crisisRussia-Ukraine WarWorld
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The third meeting of the G20 finance ministers and central bank governors took place on the Indonesian island of Bali on Friday, with the economic fallout of the Russia–Ukraine war being the major focus. In her opening remarks, Indonesian Finance Minister Sri Mulyani Indrawati called on the G20, the world’s top economies, to reach a…
Ukrainian City Cleans Up After Russian Missile Attack
VINNYTSIA, Ukraine, July 15—A Ukrainian city far from the frontline cleared its streets on Friday, a day after a Russian missile attack killed at least 23 people and wounded scores. Ukraine said Thursday’s strike on an office building in Vinnytsia, a city of 370,000 people about 200 km (125 miles) southwest of Kyiv, had been…
UK Summons Russian Ambassador Over Reported Death of British Aid Worker
The UK’s Foreign Office summoned Russian ambassador Andrey Kelin on Friday following reports that a British aid volunteer died in detention. Paul Urey, 45, died due to illnesses and stress, according to Daria Morozova, the Ombudsman of the self-proclaimed Donetsk People’s Republic (DPR)—a Russian-backed separatist region in Ukraine that’s recognised by Russia, Syria, and North Korea. Urey was…
British Aid Volunteer Captured in Ukraine Has Died, Report
A British aid worker detained by Russian-backed separatists in Ukraine since April has died, according to an official in the self-proclaimed Donetsk People’s Republic (DPR). Daria Morozova, the Ombudsman in the self-styled DPR, wrote on Friday on a Telegram channel that Paul Urey died on July 10 due to illnesses and stress, Russian state media, including…
EU Cuts Euro Zone Growth Forecasts, Revises up Inflation Outlook
July 15, 2022
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Business & MarketsCommissionCompaniescurrencyeconomic growtheconomic policieseconomyeuroEuropeinflationMarketsRussia-Ukraine WarWorld
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BRUSSELS—The European Commission cut its forecasts for economic growth in the euro zone for this year and next and revised up its estimates for inflation on Thursday largely due to the impact of the war in Ukraine. In its quarterly forecasts, Brussels confirmed its more downbeat outlook, which it had already discussed with euro zone…
US Solar Prices Soared Over 8 Percent in 2nd Quarter: Report
July 14, 2022
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Business & MarketsCompanieseconomic policiesEuropegridNatural gasRussia-Ukraine Warsolar energysolar panelsWorld
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U.S. solar energy prices rose 8.1 percent in the second quarter as projects were stalled by a Commerce Department investigation into tariffs on products from Southeast Asia and soaring input costs, according to a report published late on Wednesday. The increase during the period contributed to a whopping 29.7 percent rise in the combined price…
Russia Strikes Ukrainian City a Day After Grain Talks Breakthrough
KYIV—Russian missiles struck the Ukrainian city of Vinnytsia far behind the frontlines on Thursday in an attack which Ukrainian officials said had left at least 12 people dead. The strike, which Ukraine said had also wounded dozens, came a day after a breakthrough in talks between Moscow and Kyiv to unblock Ukrainian grain exports and…
North Korea Recognises Breakaway of Russia’s Proxies in East Ukraine
North Korea on Wednesday recognised two Russian-backed breakaway s0-called “people’s republics” in eastern Ukraine as independent states, a separatist leader and a Russian state news agency said. The move makes North Korea only the third country after Russia and Syria to recognise the two breakaway entities, the Donetsk (DPR) and Luhansk People’s Republics (LPR), in…
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