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LME forced to halt nickel trading, cancel deals, after prices top $100,000
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Google boosts cloud security with $5.4 billion Mandiant deal
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Swedish PM rejects opposition calls to consider joining NATO
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EU Commission proposes EU-wide laws to combat violence against women
Biden bans Russia oil imports to U.S., warns U.S. gasoline prices will rise further
Date: March 8, 2022
By Trevor Hunnicutt and Steve Holland WASHINGTON (Reuters) -U.S. President Joe Biden announced a ban on Russian oil and other energy imports on Tuesday in retaliation for the invasion of Ukraine, underscoring strong bipartisan support for a move that he acknowledged would drive up U.S. energy prices. “We’re banning all imports of Russian oil and...
Russia faces further sanctions as investors dash for exit
Date: March 8, 2022
By Huw Jones, Francesco Guarascio and Jonathan Saul BRUSSELS/LONDON (Reuters) – Russia faces further economic sanctions, as European officials prepared to meet on Tuesday to debate new restrictions, and more investors withdrew from the country. The European Commission has prepared a new package of sanctions against Russia and Belarus designed to hit additional Russian oligarchs...
Russia proposes nationalising foreign-owned factories that shut operations
Date: March 8, 2022
COPENHAGEN (Reuters) – A senior member of Russia’s ruling party has proposed nationalising foreign-owned factories that shut down operations in the country over what the Kremlin calls a special military operation in Ukraine. Several foreign companies including Toyota, Nike and home furnishings retailer IKEA have announced temporary shutdowns of stores and factories in Russia in...
China’s economic stability can support global growth amid Ukraine crisis- Citigroup
Date: March 8, 2022
(Reuters) – The Russia-Ukraine crisis will dent global growth as oil and commodity prices soar, but the hit will be somewhat cushioned by China’s push for economic stability and the strength of the U.S. labor market, Citigroup analysts said. Oil and other commodity prices have sky-rocketed and markets have been heavily volatile since Russia’s invasion...
War-fuelled inflation adds to Europe’s cost of living crisis
Date: March 8, 2022
By Catarina Demony and Rene Wagner LISBON/BERLIN (Reuters) – Already struggling with rising living costs, Europeans now face an even deeper hit to their livelihoods as the conflict in Ukraine pushes fuel and food prices higher and threatens to undermine a fragile economic recovery. The surging price of crude oil on world markets has led...
Ukraine and Russia: What you need to know right now
Date: March 8, 2022
(Reuters) – Ukraine began evacuating civilians from besieged cities through humanitarian corridors agreed with Russia as the number of refugees who fled the country surged past 2 million. HUMANITARIAN CORRIDORS * Moscow was opening corridors on Tuesday from Ukrainian cities of Cherhihiv, Kharkiv, Mariupol, the capital Kyiv, and Sumy. Russia’s Interfax news agency reported. RUSSIAN...