On Friday, IAG, the owner of British Airways said, during the first quarter of this year, it saw a strong recovery in business travel and that it expects to be profitable from the second quarter onwards for the full year…. Read More ›
Ukraine
Risk of default by big US banks high: Wall Street
In a significant development, fears over the Federal Reserve’s aggressive moves to tame inflation might tip the economy into recession have pushed up costs to insure bonds of Goldman Sachs, Morgan Stanley and Citigroup, which have hit a two-year high. Following… Read More ›
US companies may have to disclose impact of Ukrainian war: SEC
In a statement the US Securities and Exchange Commission said its Division of Corporation Finance has told companies to disclose the impact of Russia’s invasion of Ukraine on their business, including nationalization of assets. In a guidance posted on its website, the… Read More ›
Ukraine facing significant shortage in agricultural produce storing capacity
According to analysts at APK-Inform, Ukraine is likely to face a significant shortage of storing facilities in the 2022-2023 season following a sharp fall in exports as a fallout of the Russian invasion. Since late February, Ukraine has been forced… Read More ›
US weapon supplies to Ukraine disrupt arm deliveries to Taiwan
In a statement Taiwan’s Defence Ministry said, it was considering sourcing weapons from alternative locations, other than the United States, after Washington informed of delays in deliveries of an artillery system due to a “crowded” production line. The development comes… Read More ›
Russia reroutes internet traffic in Kherson, tightens long term grip over region
In a statement NetBlocks, an internet service disruption monitor, said, Moscow has re-routed internet traffic in the occupied Ukrainian region of Kherson through Russian communications infrastructure. The move is aimed at tightening Russia’s grip on a region where it has… Read More ›
Ukraine’s Kherson region will use Russian Ruble as official currency from May 1
From May 1, 2022, Ukraine’s Kherson region will start using the Russian Ruble as its official currency said, the region “military-civil administration”. According to Kirill Stremousov, Kherson administrator, the transition to the Russian Ruble will take up to four months,… Read More ›
Britain reduces tariffs on Ukrainian exports to Britain to zero
In a statement the British government said, all tariffs on goods exported by Ukraine to Britain under an existing free trade agreement will be removed to help the Ukrainian economy. “All tariffs would be reduced to zero and all quotas… Read More ›
Current physical damage in Ukraine stands at $60B: World Bank President
In a statement, David Malpass, the president of the World Bank said, physical damage to buildings and infrastructure in Ukraine as a result of the war has touched roughly $60 billion and is set to rise further since the Biden… Read More ›
Germany to provide further $40.12M in reconstruction to Ukraine
According to sources from Germany’s development ministry, Berlin will provide a further $40.12 million (37 million euros) to Ukraine for reconstruction after the war. While around 22.5 million euros would go towards reconstructing Ukraine’s power grid while an additional 14.4… Read More ›
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