#world-economy
#world-economy

time.com

4 weeks ago

India's Income Inequality Is Now Worse Than Under British Rule, New Report Says

Rising income inequality in India due to billionaire growth

Comparison of income distribution between colonial and modern times [ more ]

time.com

Working Together Keeps Saving the World

Early in the pandemic, experts projected that the world economy could shrink by almost 10% in 2020.Yet what played out was a contraction of 3.1%still a huge loss of output, but not nearly as dire.To a large extent, this was due to international cooperation.Countries came together to diagnose the problem: a simultaneous shock to supply and demand.

Washington Post

Analysis | Why China Evergrande Defaulted and What Happens Next for Bondholders

One of China's largest-ever debt restructurings is starting to take shape.China Evergrande Group was declared to be in default in late 2021, the highest-profile casualty of a broader crisis in the country's property industry.The government is now overseeing the rescue, quelling fears of a disorderly collapse that could jolt the world economy.

Washington Post

Analysis | Is the Treasury Bond Massacre Finally Over?

The nation's inflation problem is far from solved, and the Federal Reserve remains committed to keeping short-term interest rates elevated.But longer-term government bonds may finally be worth a second look after some 14 months of carnage.Although the Fed has short rates pinned in the vicinity of 4% to 5%, longer-term yields tend to start falling much sooner as monetary tightening cycles come to an end, especially as markets look ahead to the risk of a looming recession.

Washington Post

Analysis | Biden Should Give Big Oil a Bailout

White House Chief of Staff Ron Klain has taken to tweeting the price of a gallon of gasoline on a daily basis, a habit that's convenient for him as long as it continues its steady decline.

Washington Post

Analysis | Let's Not Mince Words While the Global Economy Heads South

Ben Bernanke wasn't the biggest fan of labels.In 2008, the Federal Reserve chair urged Congress not to get hung up on the definition of recession.

www.cbc.ca

ANALYSIS | As interest rates rise and inflation falls, suddenly borrowing money isn't cheap any more | CBC News

It will likely be hard to convince Canadians struggling with newly increased mortgage payments, but until very recently money has been free.Until recently, during that latest surge in inflation, borrowing to buy something was actually a lot cheaper than waiting to buy it a year later.That is because what economists call real interest rates were negative.

www.nytimes.com

10 months ago

World Bank Projects Weak Global Growth Amid Rising Interest Rates

The World Bank said on Tuesday that the global economy remained in a precarious state and warned of sluggish growth this year and next as rising interest rates slow consumer spending and business investment, and threaten the stability of the financial system.The bank's tepid forecasts in its latest Global Economic Prospects report highlight the predicament that global policymakers face as they try to corral stubborn inflation by raising interest rates while grappling with the aftermath of the pandemic and continuing supply chain disruptions stemming from the war in Ukraine.

SFGATE

SF real estate

Sorry, Fed, most U.S. mortgage rates were locked in during pandemic lows

More than 40% of all U.S. mortgages were originated in 2020 or 2021, when the pandemic drove borrowing costs to historic lows and triggered a refinancing boom, according to data from Black Knight.That's good news for all the homeowners who locked in cheap loans - but maybe not so great for the Federal Reserve, as it seeks to cool the economy by raising interest rates.

www.independent.co.uk

UK to face worst downturn of major economies' in 2023, says OECD

The UK is facing the worst downturn of major economies next year and is set for a recession which much of the rest of the world will avoid, according to a new report from the Organisation for Economic Co-operation and Development (OECD).The global economic thinktank sharply downgraded its forecasts for the UK economy, predicting it will shrink by 0.4 per cent in 2023 and grow by just 0.2 per cent in 2024.

Washington Post

Analysis | Markets' Magical Thinking on China Has Extended to the BOJ

A pedestrian in front of the Bank of Japan (BOJ) headquarters at dusk in Tokyo, Japan, on Wednesday, Oct. 26, 2022.Bank of Japan Governor Haruhiko Kuroda appears as determined as ever to see out his inflation mission without buckling to market or political pressure.(Bloomberg)When it comes to future developments in Asia's biggest economies, the market can't help setting itself up for disappointment.

www.cbc.ca

Toronto

Freeland warns of slowing economy in coming months | CBC News

Deputy Prime Minister and Finance Minister Chrystia Freeland delivers a speech to business leaders in Gatineau, Que., on Monday, Oct. 17, 2022.

moreinterest-rates

www.independent.co.uk

More than 40bn wiped from FTSE 100 as US debt ceiling talks drag on

The share index which houses the biggest companies in London has seen its value slashed by as much as 44 billion as fears finally started to escalate that the US might default on its debt.Global markets were shaken by a widespread sell-off which gripped both sides of the Atlantic, as the deadline for raising the US debt ceiling approaches.

www.france24.com

France not getting the credit it should' for Ukraine support

DIPLOMACY French President Emmanuel Macron welcomes Ukrainian President Volodymyr Zelensky at the Elysee Palace in Paris on May 14, 2023.Christian Hartmann, Reuters There was an amicable mood between Volodymyr Zelensky and Emmanuel Macron as the two leaders met in Paris on Sunday a far cry from the diplomatic storm created by Macron's warning against humiliating Russia this time last year.

www.independent.co.uk

G-20 leaders end meeting condemning war but note divisions

Members of the Group of 20 leading economies ended their meeting Wednesday by declaring that most of them strongly condemned the war in Ukraine and warning that the conflict is intensifying fragilities in the world's economy.The summit's closing declaration was noteworthy in highlighting the war given the divisions among the group, which includes not only Russia itself but also countries such as China and India that have significant trade ties with Moscow and have stopped short of outright criticism of the war.

moreFrance news

www.theguardian.com

Vauxhall-maker bosses to meet UK minister to discuss claims Brexit rules could destroy car industry - business live

Filters BETA Key events (2)UK (4)EU (4)Stellantis (3)Vauxhall (3) An economics academic has warned there is an existential threat to the UK car industry.David Bailey, professor of business economics at the Birmingham Business School, told the BBC Today programme that the stricter rules and increased tariffs set to come into force next year would put British manufacturers at a competitive disadvantage: I think there is a kind of existential threat to the UK car industry.

the Guardian

Eurozone GDP: France avoids recession as growth rebounds - business live

Today we discover how the eurozone economy fared in the first full quarter since the Ukraine war drove up energy prices and disrupted supply chains, slowing global growth.

the Guardian

Germany news

German exports slide as sales to Russia slump, and oil ban looms - business live

Germany's trade balance 'crashed' in March, warns Oliver Rakau of Oxford Economics:

German trade balance crashed in March to below its pandemic low to levels otherwise last seen in the early-2000s.

the Guardian

Tesla shares fall 12% after Musk's Twitter deal; Moscow threatens to halt gas flows to Poland, Bulgaria - live

In Germany, consumer confidence has hit an all-time low, according to the latest GfK barometer, as people worried about rising energy and food bills, the war in Ukraine, and the overall economy.

the Guardian

German producer prices at record high amid Ukraine war; IMF/World Bank meetings under way - business live

Sunak to skip some G-20 meetings, keep pressure on Russia

Hogs Haven

Washington Redskins

All aTwitter: 6 May 2023 - Commanders UDFA success stories and a sad goodbye

News, links to articles, updates and more from DC area writers and national sports journalists and others

The goal of All aTwitter is to give readers a handy spot to check the Washington Commanders beat writers & bloggers, national sports journalists, and football fans in order to keep up on the latest news and opinions about Washington, the NFL, and sports in general, along with a smattering of other things.

Frenchly

France politics

Le Weekend, 3/17/23: Macron on the ropes, trash in Paris and riots in Lyon - Frenchly

March 17, 2023
Dear Frenchly Readers,
Yesterday, Président Emmanuel Macron used a special measure in the French constitution, called article 49.3, that circumvents a vote and amounts to what we, in the U.S., might call an "executive order," to push a controversial piece of legislation through to law.

www.independent.co.uk

Budget 2023 in graphs from fuel duty cut to energy price cap

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Chancellor Jeremy Hunt has delivered his so-called back to work Budget for 2023 striking a surprisingly upbeat tone that was a far cry from his dour warnings of difficulty when he entered office last October.

www.independent.co.uk

Average household to be 2,100 worse off by end of financial year, think tank warns

The average household across the country will be left 2,100 worse off by the end of the next financial year, new research suggests.Analysis shows the biggest impact of dramatically falling living standards for households is yet to hit, according to a report from the Resolution Foundation think tank.

The Independent

Post-Brexit financial 'competitiveness' could spark race to the bottom - experts

The UK's new post-Brexit focus helping the financial sector compete could spark a harmful race to the bottom and undermine the Government's levelling up plans, a former minister and many academics have warned.

The Independent

Ukraine war fears saw UK shoppers 'panic buy' essentials from toilet roll to pasta

Public concern over Russia's invasion of Ukraine spiralling into a European war prompted a rush in panic buying in March, new figures suggest.

www.npr.org

Tech industry

Facebook parent Meta slashes 10,000 jobs in its "Year of Efficiency"

A person stands in front of a Meta sign outside of the company's headquarters in Menlo Park, Calif.on March 7. Jeff Chiu/AP Facebook's parent company Meta is laying off another 10,000 workers, or roughly 12% of its workforce, in order to cut costs and shore up efficiency, CEO Mark Zuckerberg announced Tuesday.

Washington Post

China calls for end of sanctions against Russia, cease-fire in Ukraine

Dai Bing, China's deputy U.N. ambassador, addresses the United Nations General Assembly on Feb. 23. (Bebeto Matthews/AP)China on Friday called for a cease-fire in Ukraine and an end to unilateral sanctions and other economic "weapons" targeting Russia, as part of a new diplomatic push to defend Beijing's position on the war.

Washington Post

After warnings, no evidence China is supplying arms to Russia, U.S. officials say

On Feb. 26, U.S. officials said that there is not yet evidence that China has sent lethal military support to Russia in its war against Ukraine.(Video: Blair Guild/The Washington Post)
Top administration officials said Sunday there is no evidence that China has sent lethal military support to Russia, a step Beijing is said to be considering.

www.nytimes.com

Latvia is sending cars seized from drunken drivers to Ukraine.

Ukrainians have received billions in military aid, including Patriot missile systems from the Americans, training from the British and a pledge of Leopard 2 tanks from the Germans.Now, they are getting cars seized from Latvian drunken drivers, too.The government of the Baltic former Soviet nation, where staunch support for Ukraine is partly driven by fears of a Russian aggression, has already provided significant military and other aid to Ukraine, including Stinger surface-to-air missiles.

Independent

China and Belarus presidents call for Ukraine ceasefire

The presidents of China and Belarus joined in urging a ceasefire and negotiations to bring about a political settlement to the Ukraine conflict.he joint call came in a meeting in Beijing between Belarusian President Alexander Lukashenko, a close ally of Russia, and his Chinese counterpart, Xi Jinping.

www.france24.com

FRANCE 24 looks back at a year of war in Ukraine

Special coverage Issued on: 24/02/2023 - 12:09Modified: 24/02/2023 - 12:11 54:56 FRANCE 24's Mark Owen in Kyiv and Catherine Norris Trent in Kherson report live from Ukraine on February 24, 2023.FRANCE 24 screenshot FRANCE 24's special coverage marks the one-year anniversary of the Russian invasion of Ukraine which began on February 24, 2022, when 200,000 Russian troops entered Ukrainian territory with the aim of fulfilling Russian President Vladimir Putin's goal of toppling the Ukrainian government.

www.dw.com

Poland pressed Germany to send Leopard tanks to Ukraine DW 01/24/2023

The Polish government has officially sought permission from Germany to supply Ukraine with Leopard 2 battle tanks, Defense Minister Mariusz Blaszczak announced Tuesday on Twitter.He also called on Germany's government to "join the coalition of countries supporting Ukraine with Leopard 2 tanks."

Washington Post

The calculus of war: Tallying Ukraine toll an elusive task

GENEVA - Quantifying the toll of Russia's war in Ukraine remains an elusive goal a year into the conflict.Estimates of the casualties, refugees and economic fallout from the war produce an incomplete picture of the deaths and suffering.Precise figures may never emerge for some of the categories international organizations are attempting to track.

Independent

The heavy toll of Russia's war in Ukraine one year on

Quantifying the toll of Russia's war in Ukraine remains an elusive goal a year into the conflict.stimates of the casualties, refugees and economic fallout from the war produce an incomplete picture of the deaths and suffering.Precise figures may never emerge for some of the categories international organisations are attempting to track.

www.aljazeera.com

China, Belarus presidents call for establishing peace in Ukraine

Xi Jinping and Alexander Lukashenko call for the soonest possible' peace deal for Ukraine.China President Xi Jinping and his Belarusian counterpart Alexander Lukashenko have called for a ceasefire and negotiations to bring about a political settlement to the Ukraine conflict at talks in Beijing.The two leaders issued a joint statement on Wednesday in which they expressed deep concern about the development of the armed conflict in the European region and extreme interest in the soonest possible establishment of peace in Ukraine, according to the Belarusian state news agency Belta.

www.independent.co.uk

UK to face worst downturn of major economies' in 2023, says OECD

Nytimes

NYC food

Opinion | Food, Fertilizer and the Future

As anyone who drives is aware, gasoline prices are up a lot from their 2020 low.

www.dw.com

How do Germany and the EU fund military gear to Ukraine? DW 01/26/2023

After weeks of mounting pressure from many of Berlin's Western allies, the German government has agreed to send 14 Leopard 2 tanks to help Ukraine fend off Russia's invasion.The decision marked a significant shift in policy for Germany, which had thus far been reluctant to send heavier weaponry.Despite that initial hesitance, Germany has provided significant military support to Ukraine since the start of the war last February.

Digiday

Marketing

Caution, conservative budgeting to dominate Q1 2023 as marketers look to 'outsmart' rather than 'outspend'

This article is part of a limited editorial series, called The 2023 Notebook, and is designed to be a guide to marketing and media buying in the new year.Explore the series here.Back in September last year, marketers had high hopes for the fourth quarter despite the ongoing economic uncertainty and recession concerns.

www.mercurynews.com

Coronavirus

US to require negative COVID test for travelers from China

By Kevin Liptak and Arlette Saenz | CNN The United States will require all travelers from China to show a negative Covid-19 test result before flying to the country as Beijing's rapid easing of Covid-19 restrictions leads to a surge in cases.Passengers flying to the US from China will need to get a test no more than two days before flying, federal health officials said, and present proof of the negative test to their airline before boarding.

www.dw.com

Coronavirus

China's soaring COVID numbers raise global fears DW 12/20/2022

21 minutes ago21 minutes ago China is scrambling to deal with a surge in coronavirus cases after Beijing's retreat from a zero-COVID policy.With much of the population unvaccinated, there are fears of mutations, high fatalities, and economic upset.Chinese cities on Tuesday pushed ahead with plans to expand hospital bed capacity and build new clinics amid fears about the virus running wild through the population.

www.aljazeera.com

UK's PM Sunak to announce $304m in new military aid for Ukraine

Sunak's office says the new package will include hundreds of thousands of rounds of artillery ammunition' for use against Russia.British Prime Minister Rishi Sunak is set to announce a new $304m package of military aid for Ukraine to bolster its counteroffensive against Russia.The package includes hundreds of thousands of rounds of artillery and aims to ensure a constant flow of critical artillery ammunition to Ukraine throughout 2023, a statement from the prime minister's office announced on Monday.

www.thelocal.de

Scholz says Russia nuclear threat reduced by international pressure'

Germany's support for Ukraine ranks second in the world in absolute numbers - but do these numbers paint an accurate picture?Published: 7 December 2022 16:29 CET Combining financial assistance, humanitarian aid, and weapon deliveries put together, the German government has sent 5.45 billion directly to Ukraine this year.

Independent

Ukraine reports new barrage of widespread Russian strikes

Ukrainian officials reported a new barrage of Russian missile strikes across the country on Monday, an attack that was anticipated as Russia seeks to disable Ukraine's energy supplies and infrastructure with the approach of winter.edia reports referred to explosions in several parts of the country, including the cities of Odesa, Cherkasy and Kryvyi Rih.

Independent

Unexplained blasts reported at two Russian military bases

Explosions rocked two air bases in Russia on Monday, Russian media reported.ne of the blasts reportedly happened at a base which houses nuclear-capable strategic bombers that have been involved in launching strikes against Ukraine.Neither Ukrainian nor Russian authorities immediately commented on the possible cause of the explosions.

Independent

Russian oil cap begins as West increases pressure on Putin over Ukraine

Western countries have begun imposing a 60 dollars per barrel price cap and a ban on some types of Russian oil, part of new measures aimed at stepping up pressure against Moscow over its war on Ukraine.
he European Union, along with Australia, Britain, Canada, Japan and the United States, agreed to the price cap on Friday.

Washington Post

Russian oil cap begins, trying to pressure Putin on Ukraine

People walk by monitors showing Japan's Nikkei 225 index at a securities firm in Tokyo, Monday, Dec. 5, 2022.Asian shares were mostly higher and oil prices rose Monday after the European Union and the Group of Seven agreed on a boycott of most Russian oil and a price cap of $60 per barrel on Russian exports.

english.elpais.com

Russia becomes the main (involuntary) supplier of weapons to Ukraine

A Russian self-propelled artillery piece, painted over by Ukrainian forces, on September 14 in Izium.Global Images Ukraine (Global Images Ukraine via Getty ) Images of farmers dragging abandoned Russian tanks behind their tractors has become a constant presence on social media.

Washington Post

Russia-Ukraine war live updates: Luhansk region under attack from 'nine directions'; Macron and Scholz head to Kyiv

Ukraine's Luhansk region is being attacked from "nine directions simultaneously," the country's top general said, in line with recent Western assessments that eastern Ukraine - the Kremlin's top target - could soon fall into Russian hands if the current dynamic continues.

www.aljazeera.com

Russia rejects $60 oil price cap, warns of response

Ukraine's Western allies approve oil price cap to starve Russia of revenues as Kyiv pushes for a lower cap as the war continues.Russia has rejected a $60 price cap on its oil set by Ukraine's Western allies and warned of a response as President Volodymyr Zelenskyy said it was quite comfortable for Moscow amid a push from Kyiv for a lower cap.

Independent

Russia rejects 60 dollar-per-barrel cap on its oil and warns of cut-offs

Russian authorities have rejected a price cap on the country's oil set and threatened to stop supplying the nations that endorsed the cap.
he Group of Seven nations (G7) and Australia agreed on Friday to adopt a 60 dollar-per-barrel price cap on Russian oil, acting shortly after the European Union reached unanimous agreement on the same price earlier in the day.

www.theguardian.com

Russia-Ukraine war live news: blasts heard in Crimea; Putin trying to freeze Ukraine into submission', US envoy says

Show key events only Please turn on JavaScript to use this feature Show key events only Please turn on JavaScript to use this feature US president Joe Biden has disputed Ukrainian president Volodymyr Zelenskiy's comment that the missiles that landed in Poland on Tuesday were not of Ukrainian origin.

www.theguardian.com

Russia-Ukraine war at a glance: what we know on day 267 of the invasion

A missile that crashed inside south-eastern Poland, killing two, was probably a stray fired by Ukraine's air defences and not a Russian strike, Poland and Nato have said.Polish president, Andrzej Duda, said there is no evidence to suggest the missile was an intentional attack or was launched by Russia but was probably fired as part of Ukraine's air defences and unfortunately fell on Polish territory.

www.independent.co.uk

Putin's economic asphyxiation' will blight world for years to come, says Sunak

The impact of Vladimir Putin's war in Ukraine will continue to blight the world for years to come, Rishi Sunak has said.The prime minister accused the Russian president of inflicting global economic asphyxiation on countries around the world.And he condemned Putin's decision to launch a wave of around 80 missile strikes on civilian targets in Ukraine at a time when world leaders were meeting at the G20 summit in Indonesia, describing it as an act of contempt for the international community.

www.theguardian.com

UK politics

Pound rises as ex-chancellor Sunak poised to become PM business live

Filters BETA That was quick.

The FTSE 100 has reversed its gains, and is now down around 0.5% at 6936 points.

the Guardian

UK politics

'Gloves are off': what the papers say about the Tory leadership TV debate

The newspaper coverage of the increasingly personal battle between Rishi Sunak and Liz Truss for the Tory leadership reveals a fascinating picture of the party's divisions.

the Guardian

Brent crude rises above $120 a barrel as UK fuel prices hit record highs

The global oil price has risen above $120 (£94.90) a barrel as record high petrol and diesel prices in the UK add to concerns about the inflationary pressure facing families and businesses.

www.theguardian.com

Russia-Ukraine war at a glance: what we know on day 266 of the invasion

A missile fell Tuesday on the Polish village of Przewodow, near the Ukrainian border, killing two people, Poland's foreign ministry said in a statement.The incident is the first time that the territory of a Nato country has been struck during the near-nine-month Ukraine war.The US president, Joe Biden, has said the missile was unlikely to have been fired from Russia due to its trajectory.

Independent

G20 leaders end summit with condemnation of Ukraine war but divisions persist

Leaders of the G20 leading economies have ended their summit in Indonesia by declaring that most of them strongly condemned the war in Ukraine and warning that the conflict is intensifying fragilities in the world's economy.he closing declaration was noteworthy in highlighting the war, given the divisions among the group, which includes not only Russia but also countries such as China and India, which have significant trade ties with Moscow and have stopped short of outright criticism of the war.

Washington Post

Environment

The Latest | UN Climate Summit

Vanessa Nakate, of Uganda, from left, Mitzi Jonelle Tan, of the Philippines, Precious Kalombwana, of Zambia, and Dominika Lasota, of Poland, hold signs that read "show us the money" at the U.S. Center at the COP27 U.N. Climate Summit, Friday, Nov. 11, 2022, in Sharm el-Sheikh, Egypt.(AP Photo/Peter Dejong)SHARM EL-SHEIKH, Egypt - The Latest on COP27, the United Nations climate summit in Sharm el-Sheikh, Egypt.

www.theguardian.com

Europe politics

The neoliberal Spartans led us all into this chaos | Letters

No doubt Jonathan Freedland is right: the chaos of the mini-budget and Brexit are rooted in the same delusional version of national sovereignty (The markets have taken back control: so much for Truss's Brexit delusion of sovereignty, 14 October).

www.cbc.ca

Canada news

'The worst is yet to come': IMF downgrades 2023 global outlook | CBC News

The International Monetary Fund (IMF) logo is seen outside the headquarters building in Washington, U.S., in this 2018 file photo.

On Tuesday, the IMF downgraded its 2023 outlook for the world economy.

www.cbc.ca

Canada news

Canada's economy grew by 0.1% in July, bucking expectations it would shrink | CBC News

Output from Canada's oilsands industry was a source of strength for Canada's economy in July.

Nytimes

The Nuclear Option

Despite Putin's repeated threats to use nuclear weapons, U.S. officials say he is discovering that they are hard to use, harder to control and far better for intimidation than for war.

The Berlin Spectator

Germany news

Germany: Most Lufthansa Flights Cancelled Because of Strike

Germany's union Vereinigung Cockpit (VC) wants a pay raise for Lufthansa's pilots and first officers.Today, they are on strike.Only very few Lufthansa flights are supposed to took off.

The Berlin Spectator

Germany news

Germany: Most Lufthansa Flights Cancelled Because of Strike

Germany's union Vereinigung Cockpit (VC) wants a pay raise for Lufthansa's pilots and first officers.Today, they are on strike.Only very few Lufthansa flights are supposed to took off.

The Verge

Artificial intelligence

US restricts sale of AI training chips to China

The US government has imposed new export restrictions on high-end computers chips used to conduct AI research, citing possible military applications for the technology.

Independent

Ukraine marks Independence Day six months after start of war

Residents of Kyiv woke up to air raid sirens as Ukraine observed its Independence Day on Wednesday, six months since the start of the Russian invasion.

www.aljazeera.com

Should the West be nervous about Turkey's close ties with Russia?

Ankara and Moscow are shoring up their cooperation as Russia faces isolation and sanctions.

Russia and Turkey are reported to have agreed on the delivery of a second batch of S-400 missiles.

Theregister

Cars

US car industry leads the world in cuts over chip shortages

As the chip shortage rolls on, automakers are still hitting the brakes on production, cutting 180,000 vehicles from production worldwide this week alone.

Nytimes

Opinion | The West and Russia Are Locked in a Spiral. It's Time for Them to Talk.

In the five months since Russia launched its war in Ukraine, the United States has pledged about $24 billion in military aid to Ukraine.That's more than four times Ukraine's 2021 defense budget.

www.npr.org

Russia's Lavrov visits Egypt as part of Africa diplomacy trip

FILE - In this handout photo released by Russian Foreign Ministry Press Service, Russian Foreign Minister Sergey Lavrov attends a joint news conference with Hungary's Minister of Foreign Affairs and Trade Peter Szijjarto following their talks in Moscow, Russia, on July 21, 2022.

East Bay Times

Russia steps up attacks across Ukraine's north, east, south

By CARA ANNA

New York Daily News

Ukrainian rescuers hunt for survivors of Vinnytsia airstrike

VINNYTSIA, Ukraine (AP) - Rescuers with sniffer dogs combed through debris Friday looking for people missing after a Russian missile strike a day earlier killed at least 23 people and wounded over 100 others in a central Ukrainian city.

Independent

Rescue teams search for survivors after deadly Russian missile strike

Rescue teams with sniffer dogs have combed through debris in a central Ukrainian city looking for people missing after a Russian missile strike a day earlier that killed at least 23 people.

East Bay Times

Ukrainian official warns of 'catastrophe' in captured city

By FRANCESCA EBEL and MARIA GRAZIA MURRU

New York Daily News

Ukrainian official warns of 'catastrophe' in captured city

POKROVSK, Ukraine (AP) - A Ukrainian regional official warned Friday of deteriorating living conditions in a city captured by Russian forces two weeks ago, saying Sievierodonetsk is without water, power or a working sewage system while the bodies of the dead decompose in hot apartment buildings.

Washington Post

Analysis | What's Next for China Evergrande, Crushed by Debt

One of China's largest-ever debt restructurings is looming, with the Communist Party now in the driver's seat, after China Evergrande Group was formally declared to be in default.

East Bay Times

Zelenskyy: Ukraine will not trade territory for peace with Russia

Ukrainian President Volodymyr Zelenskyy told CNN's Wolf Blitzer on Thursday that Ukraine is unwilling to cede any of its land to Russia, standing firm that a concession of Ukrainian territory won't be part of any diplomatic negotiations to end the war.

www.aljazeera.com

Russia-Ukraine war: List of key events, day 122

As the Russia-Ukraine war enters its 122nd day, we take a look at the main developments.

Here are the key events so far on Saturday, June 25.

Nytimes

Russia's blockade of Ukraine's food exports is a 'war crime,' says the E.U.'s foreign policy chief.

The Black Sea blockade that is preventing Ukraine from exporting food and other goods is a "war crime" and Russia will be held accountable if it continues, the European Union's foreign policy chief, Josep Borrell Fontelles, said on Monday.

Nytimes

For French Military, War in Ukraine Prompts a Shift in Focus

While it is in Europe's interest to weaken Moscow, the chief of staff of France's military says, Russia may someday need to play a part in a global security plan.

Nytimes

Ukraine needs up to $7 billion in support per month, Zelensky says.

Ukrainian officials on Thursday met with leaders abroad to call for additional financial support as their country reels from devastating attacks from Russian forces and a disrupted economy.

Washington Post

Analysis | China Will Soon Aspire to American-Style Growth

China's economy is more than a weak spot in a faltering global expansion.Growth this year, assuming there is any, will likely fall well short of Beijing's own projections.

Washington Post

G-7 to unveil major Ukraine aid plan to help offset costs of Russia's invasion

BONN, Germany - The financial leaders of the "Group of 7" nations are expected to unveil a major new economic aid package as soon as Wednesday to help the Ukrainian government offset the costs of Russia's invasion, according to two people familiar with the matter.

Bitcoin News

Education

Finance School Bentley University Now Accepts Cryptocurrency Payments for Tuition - Bitcoin News

Bentley University Partners With Coinbase to Accept 3 Digital Currencies

the Guardian

China says Nato has 'messed up Europe' and warns over role in Asia-Pacific

China's ministry of foreign affairs has accused Nato of messing up Europe and stirring up conflicts in the Asia-Pacific region, after the UK's foreign secretary told China it should "play by the rules".

Independent

Four presidents visit Ukraine 'in show of political and military support'

The presidents of four countries on Russia's doorstep have visited Ukraine in a show of support for the embattled nation after Russian President Vladimir Putin vowed to continue his offensive until its "full completion."

Washington Post