Russian forces invading Ukraine have killed more Ukrainian civilians than soldiers, according to Ukraine’s Defense Minister Oleksii Reznikov. “I want this to be heard not only in Kyiv but all over the world,” Reznikov said, without providing further details. Thousands of people are believed to have been killed across Ukraine since Russian forces invaded two…
‘For Practical Purposes, That Isn’t an Option’: Deutsche Bank Defends Decision Not to Exit Russia
March 11, 2022
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Business & EconomyCompaniesDeutsche Bankeconomic policieseconomyEuropeInvestmentMarketsRussiaRussia-Ukraine WarUSUS NewsWorld
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Deutsche Bank on Thursday defended its decision not to cease its operations in Russia in the wake of its invasion of Ukraine, stating that it is “not practical” to do so. Speaking to CNBC, the German bank’s chief financial officer James von Moltke said exiting the country would “not be the right thing to do”…
Biden’s Crypto EO Weighs Climate Change, Ponders Digital Dollar
March 10, 2022
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bidenBig Tech, Censorship, and SocialismbitcoinBusiness & Economycryptocurrencydigital dollareconomyEnvironmentExecutive BranchFeatured TopicsInvestmentMarketsPolicies & ImpactsPoliticsScienceTechUSUS News
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President Joe Biden’s Wednesday executive order on cryptocurrency outlines a range of new policy objectives and measures, including language on the climate-related effects of cryptocurrencies and on the potential for a U.S. central bank digital currency (CBDC). “We must take strong steps to reduce the risks that digital assets could pose to … climate change and…
ESG Funds Ain’t Ready for Prime Time
Commentary How green is your green portfolio? There’s a relatively new trend in investing called ESG. ESG stands for “environmental, social, and governance,” which generally means investing with an eye to sustainable outcomes. Marketwatch defines it like this, “The point of sustainable investing is to use personal values to invest in companies the person believes…
Taiwan Looks to Be ‘Full Member’ of US Indo-Pacific Economic Framework
March 10, 2022
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Asia & PacificBusiness & EconomyChinaChina Business & EconomyChinese RegimeeconomyframeworkGlobal ExpansionIndo-Pacific RegionInvestmentPolicies & ImpactsSpecial TopicsTaiwanThreat from Communist ChinaUSUS-China relationsWorld
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A senior Taiwanese minister said the self-ruled island is looking to be a “full member” of a U.S.-led economic framework in the Indo-Pacific region, given that Taipei is a “safe and reliable” partner and a key part of the global supply chain. “Taiwan is very willing to support the U.S. Indo-Pacific Economic Framework,” Chief Trade…
‘Uncomfortable Truth,’ European Union Cannot Cut Off Russian Energy Supplies: Dutch Prime Minister
March 10, 2022
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Business & Economycommoditieseconomyenergy independenceEuropeinflationInvestmentMarketsRussia-Ukraine Warrussian gasrussian importsRussian Oil TradeWorld
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Mark Rutte, the Dutch Prime Minister, has dismissed the possibility of the European Union (EU) banning energy supplies from Russia in the wake of Moscow’s invasion of Ukraine. “We have to discuss our vulnerabilities in terms of our dependency on Russian oil and Russian gas. I would not plead for cutting off our supply of…
Lavrov Says He Doesn’t ‘Want to Believe’ in Nuclear War Over Ukraine
Russia’s Foreign Minister Sergei Lavrov said Thursday he does not “want to believe” the conflict in Ukraine will spiral into a nuclear war, while claiming that the West had an unhealthy fixation with the issue. Lavrov made the remarks at a press conference following Russia–Ukraine peace talks on the sidelines of a diplomatic summit in…
Putin Spokesman Says Russian Economy in ‘Shock’
Russian government officials on Thursday said its economy is in “shock” after heavy sanctions and after a number of Western corporations pulled out of the country in recent days after the Ukraine conflict. “Our economy is experiencing a shock impact now and there are negative consequences; they will be minimized,” top Kremlin spokesman Dmitry Peskov…
Sony’s Playstation, Nintendo Become Latest Companies to Cut Ties With Russia
March 10, 2022
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Business & EconomyCompanieseconomyEuropeinflationInvestmentMarketsNintendoRussiaRussia-Ukraine WarsonyWorld
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Sony Group Corp.’s PlayStation business and Nintendo Co. have become the latest companies to distance themselves from Russia in the wake of its invasion of Ukraine. The Japanese companies issued separate statements on March 10 announcing they were suspending operations in the country in a show of support for Ukraine. Sony’s PlayStation said it has suspended…
No Progress on Ceasefire in Russia-Ukraine Talks in Turkey
March 10, 2022
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Business & EconomyceasefireeconomyEuropeinflationInvestmentMarketsRussiaRussia-Ukraine WarUkraineWorld
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No progress has been made on a 24-hour ceasefire in Ukraine, much less on an end to the war, according to the country’s foreign minister Dmytro Kuleba, who discussed the matter with his Russian counterpart Sergei Lavrov in Turkey on Thursday. “We also raised the issue of a 24-hour ceasefire to resolve the most pressing…
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