London CNN Business — Most Russian crude oil exports to Europe are now banned, marking the boldest effort yet by the West to pile financial pressure on President Vladimir Putin as his brutal war in Ukraine enters its tenth month. The oil embargo, which was agreed upon in late May, took effect in the European […]
New York CNN — Prices at the pump continue to plunge, dropping the US average for gasoline below where it was when Russia invaded Ukraine. A gallon of regular gas now fetches $3.47 nationally, according to AAA. That is below the $3.54 average on February 24, the day Russia invaded Ukraine. That is down about […]
London CNN Business — Europe is becoming increasingly reliant on China for trade, and many of its top companies are eager to invest in the world’s second biggest economy despite the disruption caused by Covid lockdowns. But a souring relationship with an increasingly unpredictable Beijing, regret about the price Europe has paid for getting too […]
CNN — China’s stockpile of nuclear warheads has surpassed 400 in a fraction of the time previously estimated by the United States, a major Pentagon report revealed, with Beijing focusing on accelerating its nuclear expansion as it seeks to challenge the US as the world’s top super power. In 2020, the US estimated that China […]
London CNN Business — Allies of Ukraine want to put a price limit on Russian oil. But there’s a problem: They can’t agree on a number that would actually pile pressure on the Kremlin. The West’s biggest economies agreed earlier this year to cap the price of Russia’s most valuable export and vowed to hash […]
Hong Kong CNN — When world leaders at the Group of 20 summit in Bali, Indonesia, issued a joint statement condemning Russia’s war in Ukraine, a familiar sentence stood out from the 1,186-page document. “Today’s era must not be of war,” it said, echoing what Indian Prime Minister Narendra Modi told Russian leader Vladimir Putin […]
Washington CNN — The US Treasury Department on Tuesday unveiled additional sanctions on the entities involved in the production and transfer of Iranian drones to Russia. The sanctions target several aviation related companies and two individuals – Abbas Djuma and Tigran Khristoforovich Srabionov – who facilitated the Russian mercenary Wagner Group’s “acquisition of UAVs from […]
Hong Kong CNN Business — Europe’s gas crisis will be “a catalyst” for Mercedes-Benz to push deeper into clean energy, says its CEO. In an interview Sunday, Ola Källenius told CNN Business that the automaker had been leaning more toward wind energy for its operations due to the long-running power crunch, which has weighed on […]
CNN — Human rights groups from Russia and Ukraine – Memorial and the Center for Civil Liberties – have won the Nobel Peace Prize for 2022, along with the jailed Belarusian advocate Ales Bialiatski. The new laureates were honored for “an outstanding effort to document war crimes, human right abuses and the abuse of power” […]
London CNN Business — EU governments agreed Friday to tax the windfall profits of oil and gas companies and to cap the revenues of some electricity generators as the cost of Europe’s energy crisis spirals higher. But energy ministers from the 27 EU member states failed to reach an agreement on a proposal by the […]