No recession — but a growth slowdown due to Russia-Ukraine war, EU economics chief says
The EU’s economics chief, Paolo Gentiloni, said Saturday that the Ukraine crisis will usher in a period of lower growth for the 19 countries sharing the euro.
Financial News
Dow climbs more than 100 points as Wall Street begins second quarter on a positive note
Stocks churned near the flat line as investors evaluated a new quarter of trading and a troublesome bond market recession indicator.
Dow drops 500 points to end worst quarter for stocks in 2 years
Stocks ended a rough first quarter on a sour note.
Recession warning from Germany’s top economic advisors as Putin’s gas deadline nears
There are rapidly rising concerns over what Russia’s unprovoked invasion of Ukraine will mean for European economies.
The invasion of Ukraine has serious, unintended consequences for Russia. Here are just 5 of them
When Russia invaded Ukraine, it was widely believed to have expected an easy victory. But Moscow is facing unintended consequences of its aggression in Ukraine.
Russia claims to have changed its strategy in Ukraine — but there are doubts over its real intentions
There is little to suggest that Russia has actually changed its military strategy.
Britain will reveal crypto regulation plans in coming weeks, sources say
British Finance Minister Rishi Sunak is expected to announce a new regulatory regime for crypto in the coming weeks, sources tell CNBC.
Biden says Putin ‘cannot remain in power’ in sweeping speech on Russian invasion of Ukraine
President Joe Biden said Russian leader Vladimir Putin “cannot remain in power” over his invasion of Ukraine.
Yemen’s Houthis claim attack on Aramco facility after reports of a huge fire in Saudi city of Jeddah
The Iran-backed Houthis claimed they were behind the strike with a military spokesperson adding that they had also used drones to hit the Ras Tanura and Rabigh refineries, according to Reuters.
EU leaders send a message to China: Use your leverage to stop Putin
EU leaders had one message for Beijing as they gathered in Brussels to discuss new sanctions against Russia: stop President Vladimir Putin.