The world’s largest chemical company is closing a number of its factories, as the era of cheap Russian gas grinds to a halt amid a deterioration in the global economy. BASF SE will cut 2,600 positions, about 2 percent of its global workforce, to save on operational costs, as the European Union’s biggest chemical firm is forced…
German Chemical Giant BASF to Close Factories Without Cheap Russian Gas
February 24, 2023
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Core Inflation Soars to Record High in Eurozone
February 24, 2023
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Business & Marketseconomic policieseconomyEuropeEuropean Central BankeurozoneinflationInvestmentMarketsrecessionRussia-Ukraine WarWorld
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Core inflation soared to a record high in the eurozone in January, as the bloc’s energy crisis continues. The euro bloc is currently facing the worst energy crisis in decades, after the Russia–Ukraine war caused gas and oil prices to soar. Last month, Europe’s consumer price index showed inflation in the euro bloc hitting a…
Blinken Says Beijing ‘Almost Certainly’ Provided Russia With Dual-Use Aid
February 24, 2023
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Anthony BlinkenChinaChinese RegimeEuropeExecutive BranchPoliticsRussia-Ukraine WarSpecial TopicsTaiwanThreat from Communist ChinaTsai Ing-wenUSUS-China relationsVladimir PutinWorldXi Jinping
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The Chinese regime likely gave the green light to allow Chinese firms to provide “dual-use” support to Russia for its military aggression in Ukraine, according to Secretary of State Antony Blinken. “There has been some non-lethal dual-use type support coming from quote/unquote ‘Chinese companies’ that almost certainly was approved by the state, because there’s really…
Ukraine War Could Last Another 12 Months, Says UK Defence Chief Ahead of Anniversary
February 24, 2023
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Ben WallaceBoris JohnsonEuropeliz trussRishi SunakRussia-Ukraine WarRussian Invasion of UkraineUKUkraineVladimir PutinWorld
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The war in Ukraine could last another year, UK Defence Secretary Ben Wallace has said. This Friday will mark the first anniversary of the war, which began when Russian President Vladimir Putin launched a full-scale invasion on Feb. 24, 2022. Asked whether the public will still see Ukraine and Russia at war in another 12…
US to Target Chinese Companies in Upcoming Sanctions on Russia: State Department
February 24, 2023
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ChinaChina Business & EconomyEuropeEurope-China RelationsExecutive BranchInfiltrating the WestInternational RelationsnulandPoliticsRussiaRussia-Ukraine WarsanctionsSpecial TopicsThreat from Communist ChinaUSUS NewsUS-China relationsWorld
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U.S. under secretary of state for political affairs Victoria Nuland revealed that an upcoming sanctions package targeting Russia on the one-year anniversary of the war in Ukraine will also target China-linked entities that are violating export bans against Moscow. The Biden administration has identified that China-linked firms—some Europe-based—are evading existing sanctions against Russia intended to weaken…
US to Target Chinese Companies in Upcoming Sanctions on Russia
February 24, 2023
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ChinaChina Business & EconomyEuropeEurope-China RelationsExecutive BranchInfiltrating the WestInternational RelationsnulandPoliticsRussiaRussia-Ukraine WarsanctionsSpecial TopicsThreat from Communist ChinaUSUS NewsUS-China relationsWorld
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U.S. Sanctions targeting Russia on the one-year anniversary of the war in Ukraine will also hit China-linked entities that are violating export bans against Moscow, according to the State Department. The Biden administration has identified that China-linked firms—some Europe-based—are evading existing sanctions against Russia intended to weaken Moscow’s ability to finance and supply its military offensive…
US Worked With China, India to Deter Russia From Using Tactical Nuclear Weapons in Ukraine, Blinken Says
February 23, 2023
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ArchivedbidenChinaEuropeInternationalNewsNuclear risknukePutinRussiaRussia-Ukraine WarUkraine warWorld
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In response to intelligence that Russian President Vladmir Putin was considering nuking Ukraine last spring, the Biden administration worked with China, India, and other nations to coordinate a message of opposition to deter Putin from pushing the button, U.S. Secretary of State Antony Blinken said on Thursday. Speaking to editor-in-chief of Atlantic Magazine Jeffrey Goldberg,…
US Raises Alarm on China’s Possible Lethal Aid to Russia
February 23, 2023
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Asia & PacificCCPChinaChinese RegimeEuropeIntelligenceInternational RelationsmilitaryRussiaRussia-Ukraine WarThreat from Communist ChinaUSUS-China relationsWorld
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The Biden administration is concerned that communist China may deliver lethal aid for Russia’s war of conquest against Ukraine, and is reportedly considering declassifying and releasing intelligence about the issue. The Chinese Communist Party (CCP), which rules China as a single-party state, has not yet provided Russia with direct military aid but also has not…
US Considered Blocking Exports of Taiwanese Microchips to Russia
February 23, 2023
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Asia & PacificChinaCHIPS and Science ActEuropeGina RaimondomilitaryPoliticsRussiaRussia-Ukraine WarSpecial TopicsTaiwanTech CompetitionUkraine warUSUS NewsUS-China relationsWorld
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The United States considered last year blocking the export of Taiwanese microchips to Russia due to its war in Ukraine but ultimately decided against doing so, said U.S. Commerce Secretary Gina Raimondo on Feb. 23. “A year ago, we led a coalition of 36 countries to align export controls against Russia,” said Raimondo at an…
British BAE Systems Saw Record Orders in 2022 Due to Ukraine War
February 23, 2023
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BAE SystemsBritainBusiness & MarketsCompaniesdefense contractoreconomyEuropeInvestmentMarketsRussia-Ukraine WarUKUkraine warWorld
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The United Kingdom’s largest defense firm experienced record orders as the Russia–Ukraine war boosted military spending in 2022. British defense giant BAE Systems said on Feb. 23 that orders for weapons systems soared last year amid an “elevated threat environment” in the wake of Russia’s invasion of Ukraine. The group is one of the largest builders…
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