Russia’s invasion of Ukraine has significantly increased the price of commercial fertilizers. Nearly two decades ago, Abe Sandquist had to really wrack his brain on how he could sell cow dung. He had to work really hard to convince farmers… Read More ›
Russia
China aware of economic consequences if it invades Taiwan
In a statement U.S. Deputy Secretary of State Wendy Sherman said, sanctions imposed on Russia should give China a “good understanding” of the consequences should it provide material support to Moscow. The “range of sanctions” and export controls on Russia… Read More ›
Sanctions need to safeguard EU’s economic interest
With Western countries rolling out new sanctions against Russia midst the roll out of horrifying images of war crimes in the Ukrainian city of Bucha, it has become clear that their easiest sanction options have now been exhausted; there are… Read More ›
Sanctioned Russian bank VTB makes bond coupon payment in Rubles
In a statement the National Settlement Depository said, Russian lender VTB has made coupon payments in roubles to holders of its domestic subordinated bonds denominated in dollars and euros. Russia’s ability to continue to service its debt in foreign currencies despite… Read More ›
US Approves sale of F-16 fighter aircraft to Bulgaria
In a statement the US Department of Defense said, the State Department has approved the potential sale of up to 8 F-16 fighter planes and related equipment to Bulgaria, in a deal valued at $1.673 billion. The principal contractor for… Read More ›
Euro weighed down by potential sanctions on Russia, ban on cheap LNG
Talks of European banning Russian gas placed a lid on the rise of the Euro even as the US dollar firmed up with expectations of a rise in U.S. interest rates. The euro has been weighed down by worries of… Read More ›
Russian naval blockade preventing resupply by sea: British intelligence
Russian naval forces are continuing to blockade the Ukrainian coast on the Black Sea and Sea of Azov, preventing resupply by sea, said the British military intelligence in a tweet. In its regular bulletin, it also mentioned that while Moscow… Read More ›
Chinese fast fashion e-commerce startup Shein aiming for $100 billion valuation in funding round
On Sunday, a report from Bloomberg states, China’s fast fashion e-commerce startup Shein is aiming for a valuation of around $100 billion, in its latest funding round. The Chinese online retailer is negotiating with potential investors to raise around $1… Read More ›
Germany looking at buying US or Israeli missile shield
As per a report by German weekly Welt am Sonntag, Berlin is weighing options to purchase a missile defence system from either the United States or Israel. The development comes in the wake of Russia launching Iskander missiles in Ukraine…. Read More ›
Tesla signs nickel supply deal with Brazil’s Vale S.A
As per sources, Tesla Inc has signed a nickel supply deal with Brazilian mining company Vale S.A. Following the Russian invasion of Ukraine, the price of nickel, essential to the making batteries for electric vehicles, has risen steadily. Recently, prices of… Read More ›