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Russian banks face exclusion
The United States, Britain and European Union ratcheted up sanctions against Moscow on Saturday as Russia continued its assault against Ukraine, saying they would block access to the SWIFT international payment system.
27 February 2022, 18:00 PM
US allows transactions with Afghan govt
The United States on Friday issued new rules that would allow most commercial and financial transactions with Afghanistan while maintaining sanctions against the Taliban, in an effort to ease the flow of humanitarian aid and kickstart the paralyzed economy.
27 February 2022, 18:00 PM
Ukraine invasion dilemma for US Big Tech
US tech giants were under intense pressure to pick a side regarding Ukraine’s invasion, at once facing calls to stand against Moscow’s internationally condemned war but also Kremlin retribution for resistance.
27 February 2022, 18:00 PM
Arabs fear for wheat supplies after Russia invades Ukraine
Russia’s invasion of Ukraine could mean less bread on the table in Egypt, Lebanon, Yemen and elsewhere in the Arab world where millions already struggle to survive.
26 February 2022, 18:00 PM
WTO warns of food price rise amid Ukraine crisis
WTO chief Ngozi Okonjo-Iweala warned Friday about the “economic impacts” of the war in Ukraine, a major wheat exporter, which will hurt consumers around the world.
26 February 2022, 18:00 PM
Western banks face Russian triple whammy
Western executives watched with horror as Russian tanks rolled into Ukraine on Thursday. Bank bosses like Frédéric Oudéa of Société Générale and UniCredit’s Andrea Orcel have more to fear than most.
26 February 2022, 18:00 PM
EU energy concerns spark Russia sanctions rift
The West has agreed an onslaught of sanctions over Russia’s invasion of Ukraine, but resistance from key EU nations fearful of severing their power sources has resulted in them holding off on deploying the “financial nuclear weapon” of banishing Moscow from the SWIFT banking transfer system.
26 February 2022, 18:00 PM
Japan to sanction chip exports to Russia over Ukraine
Japan will impose sanctions on Russia targeting semiconductor exports and financial institutions, Prime Minister Fumio Kishida said Friday after G7 leaders agreed to punish Moscow economically for invading Ukraine.
26 February 2022, 18:00 PM
Has London become a hub for laundered Russian money?
Over the three decades since the fall of Soviet Union and the economic chaos that followed in Russia, many of those who became rich needed a safe heaven for their new-found wealth, and London became just that.
25 February 2022, 12:27 PM
Gold bid, stocks dumped further
Russia’s invasion of Ukraine saw investors scrambling for the safety of gold and the protection of inflation hedges as weeks of brinkmanship came to a head on Thursday.
24 February 2022, 18:00 PM
EU unlikely to cut Russia off SWIFT for now
The European Union is unlikely at this stage to take steps to cut Russia off from the SWIFT global interbank payments system as it works on a new package of sanctions against Moscow for its action against Ukraine, several EU sources said.
24 February 2022, 18:00 PM
Oil’s journey from worthless in the pandemic to $100 a barrel
In July 2020, just a few months after the Covid-19 pandemic started to spiral out of control, Shell CEO Ben van Beurden declared world oil demand may have passed its peak - all but condemning his company’s core business to eventual obscurity.
24 February 2022, 18:00 PM
EU will impose new sanctions on Russia, freeze its assets
European Union leaders will impose new sanctions on Russia, freezing its assets, halting its banks' access to European financial markets and targeting "Kremlin interests" over its "barbaric attack" on Ukraine, senior officials said on Thursday.
24 February 2022, 11:47 AM
Russia attacks Ukraine: Stocks fall, oil prices surge
Global stocks and US bond yields dived on Thursday, while the dollar, gold and oil prices rocketed higher as Russian forces fired missiles at several Ukrainian cities and landed troops on its south coast.
24 February 2022, 07:18 AM
UAE invests in drones, robots as unmanned warfare takes off
The United Arab Emirates is ploughing money into drones, robots and other unmanned weaponry as autonomous warfare becomes more and more widespread -- including in attacks on the Gulf country by Yemeni rebels.
23 February 2022, 18:00 PM
Punishing Putin: How Biden could cut Russia off from world tech
If Russia further invades Ukraine, the Biden administration could deprive it of a vast swath of low- and high-tech US and foreign-made goods, from commercial electronics and computers to semiconductors and aircraft parts, people familiar with the matter told Reuters.
23 February 2022, 18:00 PM
US opposes Canada’s digital services tax proposal
The United States Trade Representative’s (USTR) office said on Tuesday it opposed Canada’s plan to enact a digital services tax (DST) and urged Canada to abandon plans for such a step.
23 February 2022, 18:00 PM
Russia’s trade flow shifts towards China
The United States is poised to unleash a wider array of sanctions against Russia if Moscow escalates the conflict in Ukraine, denying key Russian financial institutions and companies access to US dollar transactions and global markets for trade, energy exports and financing. read more
23 February 2022, 18:00 PM
Thailand’s economy rebounds in Q4
Thailand’s economy rebounded in the fourth quarter of last year on the back of rising exports and the easing of coronavirus restrictions that allowed tourists to return, senior officials said Monday.
21 February 2022, 18:00 PM
Japan in step with G7 over sanctioning Russia
Japan will in principle take concerted action with the Group of Seven nations in imposing economic sanctions on Russia if that nation invades Ukraine, The Yomiuri Shimbun has learned.
21 February 2022, 18:00 PM