LONDON—Oil prices rose on Wednesday, despite a likely rise in U.S. oil stocks, on the easing of Chinese COVID-19 related lockdowns and a possible strike by Norwegian oil workers. Brent crude futures were up $1.01, or 0.8 percent, at $121.58 a barrel at 0927 GMT. U.S. West Texas Intermediate crude was at $120.62 a barrel,…
US Bars Investors From Buying Russian Debt, Stocks on Secondary Market
WASHINGTON/LONDON—The U.S. Treasury Department has banned U.S. money managers from buying any Russian debt or stocks in secondary markets, on top of its existing ban on new-issue purchases, in its latest sanctions on Moscow over its invasion of Ukraine. Despite Washington’s sweeping sanctions in recent months, Americans were still allowed to trade hundreds of billions…
US Wins Authority to Seize Russian Oligarch’s Planes
NEW YORK—A U.S. court on Monday issued warrants for the seizure of two luxury planes owned by Russian billionaire Roman Abramovich under U.S. measures imposed after Russia’s invasion of Ukraine, court records showed. But the U.S. government’s likelihood of gaining control of the aircraft worth nearly $400 million was uncertain. A Department of Justice official…
US Wins Case to Seize Russian Superyacht in Fiji, Sails Away
WELLINGTON, New Zealand—The United States won a legal battle on Tuesday to seize a Russian-owned superyacht in Fiji and wasted no time in taking command of the $325 million vessel and sailing it away from the South Pacific nation. The court ruling represented a significant victory for the United States as it encounters obstacles in…
Kremlin Declares Land Bridge Complete Between Russia, Donbass, and Crimea
Russia’s leadership claimed that its desired strategic land bridge connecting the Crimean Peninsula to the Donbass region in Ukraine has been achieved. The Russian military said Tuesday that roads and railways between western Russia and Crimea are now complete, according to state-run media. “Conditions have been created for the resumption of full-fledged traffic between Russia,…
Ukraine’s President Zelenskyy ‘Very Happy’ Boris Johnson Survived Confidence Vote
Ukrainian President Volodymyr Zelenskyy has said he is “very happy” that Boris Johnson remains Britain’s prime minister after surviving a confidence vote. Johnson survived a vote of confidence within the ruling Conservative Party on Monday evening, with 211 MPs backing him and 148 wanting him to step down over the partygate scandal. Speaking over video…
Street Fighting Rages as Kyiv Seeks to Hold Sievierodonetsk Gains
KYIV/DRUZHKIVKA, Ukraine—Ukrainian troops battled Russians street-to-street in the ruins of Sievierodonetsk on Tuesday, trying to hold onto gains from a counter-offensive that had reversed momentum in one of the bloodiest land battles of the war. The fight for the small industrial city has emerged as a pivotal battle in eastern Ukraine, with Russia focusing its…
Oil Prices Stable as Market Juggles Risk Sentiment With Tight Supplies
LONDON—Oil prices were stable on Tuesday as the market balanced risk sentiment with supply concerns and the prospect of higher demand as China relaxes its COVID-19 curbs. Brent crude futures were down 38 cents, or 0.3 percent, at $119.13 barrel at 0926 GMT. U.S. West Texas Intermediate (WTI) crude futures were down 25 cents, or…
US Broadcaster Radio Liberty Fined $325,000 in Russia for ‘Fake News’: Interfax
LONDON—The U.S.-backed broadcaster Radio Free Europe/Radio Liberty (RFE/RL) has been fined 20 million roubles ($325,000) in Russia for failing to delete what Moscow calls “fake” news about its military operation in Ukraine, the Interfax news agency reported on Monday. According to Interfax, Radio Liberty refused to delete reports that included a tally of deaths among…
How Brazil Is Saving the World From a Catastrophic Food Crisis
Commentary Brazil is the fourth-largest producer of food in the world. The country is entirely self-sufficient in basic foodstuffs, and it ranks as the world’s number one producer of banana, cacao, cassava, coffee, corn, maize, rice, soybean, and sugar. Although the bulk of these products are consumed domestically, a considerable part is also exported, including…
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